BLACKLINE, INC. BL
The Office of the Chief Financial Officer ("CFO") is relied upon to deliver timely and accurate financial reporting and business insights. The CFO role has evolved from traditional accounting processes to driving growth, profitability, and governance across the enterprise to improve business outcomes while finance and accounting teams are facing unprecedented system and process complexity, growing data volumes, and evolving regulatory requirements, coupled with expanding roles and responsibilities. As a result, digital transformation has become a top priority for CFOs, as they require powerful technology to meet these demands.
At BlackLine, our mission is to inspire, power, and guide digital finance transformation for the Office of the CFO. Our secure, flexible, and scalable cloud-based platform empowers finance and accounting teams to achieve future-ready financial operations, modernizing processes for mid-size and enterprise organizations across all industries.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700.4M | $653.3M | $590.0M | $522.9M | $425.7M | $351.7M | $289.0M | $227.8M | $175.6M | $128.0M |
| Cost of revenue | $173.4M | $162.0M | $146.8M | $129.4M | $97.9M | $69.0M | $59.0M | $50.9M | $41.4M | $30.2M |
| Gross profit | $527.0M | $491.4M | $443.2M | $393.6M | $327.8M | $282.8M | $230.0M | $176.9M | $134.2M | $97.8M |
| R&D | $109.2M | $101.0M | $103.2M | $108.9M | $77.3M | $56.5M | $43.0M | $30.8M | $23.9M | $21.1M |
| SG&A | $118.7M | $121.8M | $71.5M | $80.2M | $86.5M | $71.6M | $56.1M | $47.2M | $36.8M | $27.9M |
| Total operating expenses | $501.5M | $472.8M | $428.9M | $449.8M | $366.4M | $302.7M | $257.9M | $206.8M | $164.6M | $121.0M |
| Operating income | $25.6M | $18.5M | $14.3M | -$56.2M | -$38.6M | -$19.9M | -$27.9M | -$29.8M | -$30.4M | -$23.2M |
| Interest expense | $10.1M | $8.8M | $5.9M | $5.8M | $62.9M | $23.3M | $8.7M | $4.0K | $13.0K | $5.9M |
| Pre-tax income | $48.2M | $124.7M | $60.5M | -$47.4M | -$100.9M | -$38.7M | -$30.4M | -$27.7M | -$32.8M | -$35.0M |
| Income tax | $21.0M | $43.1M | $1.4M | $13.5M | $135.0K | $702.0K | $1.7M | $1.1M | $565.0K | $8.7M |
| Net income | $24.5M | $161.2M | $52.8M | -$29.4M | -$115.2M | -$46.9M | -$32.5M | -$28.7M | -$33.4M | -$26.3M |
| EPS, basic | 0.40 | 2.59 | 0.87 | -0.49 | -1.97 | -0.83 | -0.59 | -0.53 | -0.64 | -0.62 |
| EPS, diluted | 0.39 | 1.45 | 0.81 | -0.49 | -1.97 | -0.83 | -0.59 | -0.53 | -0.64 | -0.62 |
| Shares, diluted (wtd. avg.) | $65.9M | $73.5M | $72.0M | $59.5M | $58.4M | $56.8M | $55.3M | $53.9M | $52.2M | $42.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $390.0M | $885.9M | $271.1M | $201.2M | $540.0M | $367.9M | $120.5M | $46.5M | $31.5M | $22.1M |
| Short-term investments | $388.2M | $0 | $933.4M | $874.1M | $659.0M | $175.2M | $487.5M | $86.4M | $81.5M | $83.1M |
| Receivables | $218.1M | $178.1M | $171.6M | $150.9M | $125.1M | $111.3M | $102.8M | $74.9M | $61.9M | $42.3M |
| Total current assets | $1.03B | $1.09B | $1.41B | $1.25B | $1.35B | $674.1M | $723.4M | $221.5M | $188.5M | $163.8M |
| Property, plant and equipment | — | — | — | — | — | $13.2M | $13.0M | $13.5M | $12.8M | $11.3M |
| Goodwill | $465.8M | $449.0M | $449.0M | $443.9M | $289.7M | $289.7M | $185.1M | $185.1M | $185.1M | $185.1M |
| Other intangibles | $49.4M | $59.5M | $79.1M | $90.9M | $36.2M | $46.7M | $17.5M | $27.8M | $40.8M | $54.1M |
| Total assets | $1.76B | $1.83B | $2.10B | $1.94B | $1.82B | $1.11B | $1.01B | $493.5M | $460.8M | $420.4M |
| Accounts payable | $15.5M | $8.5M | $8.6M | $15.0M | $7.5M | $3.1M | $7.4M | $3.4M | $7.3M | $7.2M |
| Total current liabilities | $695.4M | $422.2M | $642.6M | $367.8M | $322.6M | $242.3M | $207.0M | $159.0M | $134.3M | $108.5M |
| Total liabilities | $1.39B | $1.34B | $1.81B | $1.81B | $1.46B | $678.9M | $611.0M | $169.8M | $143.5M | $129.0M |
| Retained earnings | -$24.8M | -$49.0M | -$214.8M | -$273.0M | -$301.7M | -$201.7M | -$163.6M | -$132.9M | -$102.8M | -$87.3M |
| Total equity | $332.3M | $446.7M | $260.9M | $111.9M | $325.0M | $422.1M | $398.6M | $319.3M | $315.9M | $308.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $169.6M | $190.8M | $126.6M | $56.0M | $80.1M | $54.7M | $29.7M | $16.1M | $6.4M | -$4.8M |
| Depreciation and amortisation | $32.4M | $30.5M | $29.5M | $23.1M | — | — | — | — | — | $3.1M |
| Stock-based compensation | $92.6M | $83.3M | $78.0M | $75.9M | $65.9M | $49.7M | $34.1M | $20.9M | $16.0M | $6.5M |
| Capital expenditure | $8.1M | $2.1M | $6.0M | $11.0M | $8.7M | $6.5M | $4.6M | $6.3M | $4.0M | $1.7M |
| Investing cash flow | -$425.3M | $924.4M | -$62.5M | -$395.6M | -$506.9M | $173.6M | -$408.4M | -$16.0M | -$7.0M | -$119.7M |
| Financing cash flow | -$240.1M | -$500.1M | $6.1M | $1.4M | $599.2M | $18.9M | $452.5M | $14.5M | $9.6M | $131.4M |
| Buybacks | $235.5M | $0 | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011915.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.71T | 27.8x | 17.8% |
| ORCL | ORACLE CORP | $457.36B | 27.2x | 17.3% |
| PLTR | Palantir Technologies Inc. | $418.36B | 276.7x | 56.2% |
| CRWD | CrowdStrike Holdings, Inc. | $218.20B | — | 21.7% |
| CRM | Salesforce, Inc. | $213.35B | 33.2x | 9.6% |
| SHOP | SHOPIFY INC. | $187.92B | 154.4x | 30.1% |
| NOW | ServiceNow, Inc. | $146.06B | 84.6x | 20.9% |
| SNOW | Snowflake Inc. | $118.96B | — | 29.2% |