Blackline vs 8x8
Blackline and 8x8 are similar in size: $700m and $736m of revenue in their latest fiscal years. Blackline grew faster (7.2% against 2.9%). Blackline kept more of each dollar of sales as profit: a net margin of 3.5% against 0.2%. 8x8 carries less debt relative to equity (219.3% against 269.6%).
| Latest fiscal year | BlacklineBL, 2025 | 8x8EGHT, 2026 |
|---|---|---|
| Revenue | $700m | $736m |
| Revenue growth | 7.2% | 2.9% |
| Net income | $24.5m | $1.6m |
| Operating margin | 3.6% | 2.6% |
| Net margin | 3.5% | 0.2% |
| Return on equity | 6.3% | 1.2% |
| Free cash flow | $161m | $52.1m |
| Cash | $390m | $93.3m |
| Total debt | $896m | $321m |
| Debt to equity | 269.6% | 219.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $236m | $1.8m |
| Employees | — | 1,819 |
| Market value | $1.99bn | $299m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 34 (Weak) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 7 sales |