Blackline, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
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~$49
Cash-flow model
Base case. Range ~$36–$66 across our lower- and higher-growth cases (4.1%–14.1% a year).
Undervalued
The price is below our entire value range; our base value is 43% above it.
Price used: $34.09, November 2, 2026
Blackline, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $732m, up 8.6% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to 24.1% from 25.3% a year earlier. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $40.95 a share, against a share price of $33.33.
Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Blackline, Inc.'s trailing-twelve-month revenue grew 8.6% year on year, with a free-cash-flow margin of 24.1%. Where it lags: days sales outstanding of 95 days ranks 133 of 162 application software companies we cover.
Our discounted-cash-flow model values the business at ~$49 per share in the base case (~$36–$66 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 3.4% while net income fell 60.5%: a 64pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
The company also guided to non-gaap operating margin of 24.50 to 25.50 for the Third Quarter 2026; non-gaap net income attributable to blackline of $45.00m to $47.00m for the Third Quarter 2026.
The share price implies about 6.5% a year of cash-flow growth for five years.That is slower than the 11.5% a year revenue growth Blackline has delivered.
Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($32.95, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies
Our value per share comes from a discounted-cash-flow model of Blackline, Inc.'s free cash flow after stock-based pay ( $97.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
We value Blackline, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$49 ~$36–$66 | Primary model, counts double |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$38 ~$32–$64 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$7.0 ~$4.7–$11 | Left out: far from the other models (more than 3x away from their median) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$7.1 ~$6.1–$8.4 | Left out: far from the other models (more than 3x away from their median) |
| Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$45 ~$38–$49 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Blackline, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| Discount rate ↓ / growth → | −5% growth | 0% growth | 5% growth | 10% growth | 15% growth | 20% growth |
|---|---|---|---|---|---|---|
| 7% | $21 | $30 | $41 | $56 | $76 | $101 |
| 8.5% | $16 | $22 | $30 | $41 | $55 | $73 |
| 10% | $12 | $17 | $23 | $32 | $42 | $56 |
| At fiscal year end | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Now |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $27.63 | $32.80 | $40.95 | $51.56 | $133.38 | $103.54 | $67.27 | $62.44 | $60.76 | $55.29 | $34.09 |
| Market value | $1.2bn | $1.7bn | $2.2bn | $2.9bn | $7.6bn | $6.0bn | $4.0bn | $4.5bn | $4.5bn | $3.6bn | $2.3bn |
| + Net debt (− = net cash) | $44m | −$31m | −$46m | $264m | $40m | $575m | $1.2bn | $1.1bn | $7m | $506m | $424m |
| Enterprise value | $1.2bn | $1.7bn | $2.2bn | $3.1bn | $7.6bn | $6.6bn | $5.2bn | $5.6bn | $4.5bn | $4.2bn | $2.8bn |
| Multiples | |||||||||||
| Price / sales | 9.5x | 9.7x | 9.7x | 9.9x | 21.6x | 14.2x | 7.7x | 7.6x | 6.8x | 5.2x | 3.2x |
| Price / earnings | — | — | — | — | — | — | — | 85.1x | 27.7x | 148.7x | 67.0x |
| Price / free cash flow | — | n/m | n/m | 113.7x | 157.2x | 84.7x | 88.9x | 37.3x | 23.7x | 22.6x | 13.2x |
| EV / EBITDA | — | — | — | — | n/m | — | — | 87.2x | 64.9x | 57.6x | 38.0x |
Weak moat
How hard Blackline's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median 4.0% of total assets over 8 years.
Gross margin has been a median 75.7%, moving by 1.7 percentage points (standard deviation) across 10 years.
Operating margin has been a median -8.5%; its worst year was -16.2%.
Free cash flow was positive in 9 of 10 years, at a median 13.0% of revenue.
The diluted share count rose 18.5% over five years; stock-based pay has been a median 12.8% of revenue.
AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (49 before it).
Next results: November 5, 2026, after the close. Analysts expect revenue of $194m and EPS of $0.63 (range $0.62 to $0.64) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $2.49 | +17% | $767m | +10% |
| Next | $2.76 | +11% | $847m | +10% |
Next year's EPS estimate has moved −1.3% in 90 days, across 12 analysts.
The consensus EPS forecast for the current fiscal year is +0.6% on 90 days ago. In the last 30 days, 1 analyst raised Blackline, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $2.48 | $2.80 |
| 60 days ago | $2.48 | $2.78 |
| 30 days ago | $2.48 | $2.78 |
| 7 days ago | $2.49 | $2.76 |
| Now | $2.49 | $2.76 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.57 | $0.73 | +27.3% |
| Mar 2026 | $0.45 | $0.56 | +24.1% |
| Dec 2025 | $0.59 | $0.63 | +7.2% |
| Sept 2025 | $0.51 | $0.51 | +0.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
Our cash-flow model grows Blackline, Inc.'s revenue by +9.9% next year and +9.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.2%, weight 55%) , management guidance (+10.2%, weight 19%) and the company's own record (+9.1%, weight 26%) . How the weights are set.
Last 12 months −40.5%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $674m | $732m | +8.6% |
| Net margin | 13.1% | 4.7% | −63.6% |
| P/E multiple | 45.1x | 67.0x | +48.4% |
| Share count | 69m | 68m | +1.5% |
Biggest factor: net margin.
Last 3 years −38.2%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $558m | $732m | +31.3% |
| Net margin | 1.8% | 4.7% | +161.6% |
| P/E multiple | n/m | 67.0x | −80.5% |
| Share count | 63m | 68m | −7.9% |
Biggest factor: p/e multiple.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| BL | −22% | −35% | −7% | −3% | −9% | −38% |
| Industry peers (median) | −7% | −50% | +19% | +2% | −21% | −14% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| BL | 42% | 25% | 50% | 50% | 50% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| BL | −34% | −53% | −38% | −36% | −36% | −56% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since October 28, 2016: 83% from February 11, 2021 to May 13, 2026. Getting back needed a 496% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 4, 2026 | −7.0% | +1.6% | −14.2% | −1.8% |
| May 5, 2026 | −11.6% | +2.2% | −21.6% | −14.1% |
| February 10, 2026 | −2.6% | −0.3% | −13.7% | −17.4% |
| November 6, 2025 | −5.9% | −1.0% | −2.6% | +1.3% |
| August 5, 2025 | −2.8% | +0.3% | −7.8% | −0.8% |
| May 6, 2025 | +7.5% | −0.4% | +17.0% | +23.5% |
| February 11, 2025 | −19.4% | −0.2% | −22.4% | −26.3% |
| January 13, 2025 | +4.6% | +0.3% | +10.0% | −6.7% |
| November 7, 2024 | +3.0% | +1.2% | +3.3% | +8.2% |
| August 6, 2024 | +12.8% | +0.2% | +19.3% | +10.5% |
| May 7, 2024 | −2.0% | +0.1% | −4.7% | −22.4% |
| February 13, 2024 | −3.7% | −0.5% | −7.5% | +9.3% |
How Blackline, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.
Not offered: fundamentals grade C+ (needs B+ or better).
We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.
Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.
For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.
Not offered: the shares trade below our fair value: a collar caps upside the model expects.
For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.
General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $574.2M |
| FY23 Q4 | $590M |
| FY24 Q1 | $608.5M |
| FY24 Q2 | $624.4M |
| FY24 Q3 | $639.6M |
| FY24 Q4 | $653.3M |
| FY25 Q1 | $662.8M |
| FY25 Q2 | $674.3M |
| FY25 Q3 | $686.7M |
| FY25 Q4 | $700.4M |
| FY26 Q1 | $716.7M |
| FY26 Q2 | $732.4M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 15.2% |
| FY23 Q4 | 12.8% |
| FY24 Q1 | 12.3% |
| FY24 Q2 | 11.9% |
| FY24 Q3 | 11.4% |
| FY24 Q4 | 10.7% |
| FY25 Q1 | 8.9% |
| FY25 Q2 | 8.0% |
| FY25 Q3 | 7.4% |
| FY25 Q4 | 7.2% |
| FY26 Q1 | 8.1% |
| FY26 Q2 | 8.6% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 0.8% |
| FY23 Q4 | 2.4% |
| FY24 Q1 | 5.2% |
| FY24 Q2 | 2.5% |
| FY24 Q3 | 3.9% |
| FY24 Q4 | 2.8% |
| FY25 Q1 | 3.1% |
| FY25 Q2 | 3.8% |
| FY25 Q3 | 3.6% |
| FY25 Q4 | 3.6% |
| FY26 Q1 | 3.9% |
| FY26 Q2 | 4.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 18.3% |
| FY23 Q4 | 20.5% |
| FY24 Q1 | 24.6% |
| FY24 Q2 | 26.6% |
| FY24 Q3 | 29.1% |
| FY24 Q4 | 28.9% |
| FY25 Q1 | 27.1% |
| FY25 Q2 | 25.3% |
| FY25 Q3 | 26.0% |
| FY25 Q4 | 23.1% |
| FY26 Q1 | 23.0% |
| FY26 Q2 | 24.1% |
Each dollar Blackline took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.
| Revenue | $700M | |
|---|---|---|
| Other income | $19.9M | 2.8% of revenue |
| Cost of revenue | $173M | 24.8% of revenue |
| Gross profit | $527M | 75.2% of revenue |
| Research and development | $109M | 15.6% of revenue |
| Selling, general and admin | $378M | 53.9% of revenue |
| Other operating costs | $14.6M | 2.1% of revenue |
| Operating income | $25.6M | 3.6% of revenue |
| Income tax | $21M | 3.0% of revenue |
| Net income | $24.5M | 3.5% of revenue |
| Fiscal year | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||
| Revenue | 52 | 84 | 123 | 177 | 228 | 289 | 352 | 426 | 523 | 590 | 653 | 700 | 732 |
| Gross profit | 35 | 61 | 98 | 134 | 177 | 230 | 283 | 328 | 394 | 443 | 491 | 527 | 553 |
| EBITDA | −5 | −20 | −6 | −10 | −8 | −7 | 1 | −11 | −13 | 64 | 69 | 72 | 72 |
| Operating income | −18 | −35 | −23 | −30 | −30 | −28 | −20 | −39 | −56 | 14 | 19 | 26 | 32 |
| Net income | −17 | −25 | −26 | −33 | −29 | −33 | −47 | −115 | −29 | 53 | 161 | 25 | 35 |
| Diluted EPS | −$0.42 | −$0.61 | −$0.62 | −$0.64 | −$0.53 | −$0.59 | −$0.83 | −$1.97 | −$0.49 | $0.81 | $1.45 | $0.39 | $0.51 |
| Growth (year on year) | |||||||||||||
| Revenue | — | +61.8% | +47.3% | +43.8% | +28.7% | +26.9% | +21.7% | +21.0% | +22.8% | +12.8% | +10.7% | +7.2% | +8.6% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | +6.9% | +4.7% | +11.4% |
| Operating income | — | — | — | — | — | — | — | — | — | — | +29.2% | +37.9% | +23.2% |
| Net income | — | — | — | — | — | — | — | — | — | — | +205.1% | −84.8% | −60.5% |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | +79.0% | −73.1% | −59.9% |
| Margins | |||||||||||||
| Gross margin | 67.9% | 72.8% | 79.5% | 75.8% | 77.7% | 79.6% | 80.4% | 77.0% | 75.3% | 75.1% | 75.2% | 75.2% | 75.6% |
| EBITDA margin | −9.1% | −24.0% | −4.7% | −5.9% | −3.3% | −2.3% | 0.3% | −2.7% | −2.6% | 10.9% | 10.5% | 10.3% | 9.9% |
| Operating margin | −35.2% | −41.6% | −18.8% | −17.2% | −13.1% | −9.7% | −5.7% | −9.1% | −10.7% | 2.4% | 2.8% | 3.6% | 4.3% |
| Net margin | −32.4% | −29.6% | −21.4% | −18.9% | −12.6% | −11.3% | −13.3% | −27.1% | −5.6% | 9.0% | 24.7% | 3.5% | 4.7% |
| Free-cash-flow margin | 14.5% | −10.9% | −5.3% | 1.4% | 4.3% | 8.7% | 13.7% | 16.8% | 8.6% | 20.5% | 28.9% | 23.1% | 24.1% |
| Cash flow | |||||||||||||
| Cash from operations | 9 | 1 | −5 | 6 | 16 | 30 | 55 | 80 | 56 | 127 | 191 | 170 | 182 |
| Capital spending | 1 | 10 | 2 | 4 | 6 | 5 | 7 | 9 | 11 | 6 | 2 | 8 | 5 |
| Free cash flow | 8 | −9 | −7 | 2 | 10 | 25 | 48 | 71 | 45 | 121 | 189 | 161 | 177 |
| Stock-based pay | 2 | 5 | 7 | 16 | 21 | 34 | 50 | 66 | 76 | 78 | 83 | 93 | 101 |
| Free cash flow after stock pay | 5 | −15 | −13 | −14 | −11 | −9 | −1 | 5 | −31 | 43 | 105 | 69 | 76 |
| Balance sheet | |||||||||||||
| Cash | 26 | 15 | 22 | 31 | 46 | 120 | 367 | 540 | 201 | 271 | 886 | 390 | 243 |
| Total debt | 0 | 30 | 66 | 0 | 0 | 384 | 407 | 1,114 | 1,384 | 1,390 | 893 | 896 | 667 |
| Net debt (negative = net cash) | −26 | 14 | 44 | −31 | −46 | 264 | 40 | 575 | 1,183 | 1,119 | 7 | 506 | 424 |
| Diluted shares | 40m | 41m | 42m | 52m | 54m | 55m | 57m | 58m | 60m | 72m | 74m | 66m | 68m |
| Returned to shareholders | |||||||||||||
| Buybacks | 0 | 0 | — | — | — | — | — | — | — | — | 0 | 236 | 231 |
| Total returned | 0 | 0 | — | — | — | — | — | — | — | — | 0 | 236 | 231 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 166 | 169 | 167 | 172 | 178 | 183 | 183 | 188 |
| Gross profit | 125 | 128 | 126 | 129 | 134 | 138 | 139 | 143 |
| EBITDA | 16 | 18 | 15 | 16 | 16 | 19 | 18 | 20 |
| Operating income | 8 | 6 | 4 | 8 | 8 | 7 | 6 | 11 |
| Net income | 17 | 56 | 6 | 8 | 5 | 5 | 8 | 16 |
| Diluted EPS | $0.27 | $0.79 | $0.10 | $0.13 | $0.09 | $0.08 | $0.13 | $0.27 |
| Growth (year on year) | ||||||||
| Revenue | +10.1% | +8.8% | +6.0% | +7.2% | +7.5% | +8.1% | +9.7% | +9.2% |
| EBITDA | +35.6% | −28.5% | +4.7% | +60.1% | −2.2% | +2.2% | +22.1% | +26.0% |
| Operating income | — | −51.5% | — | — | −9.0% | +9.7% | +74.4% | +45.7% |
| Net income | +44.6% | +155.6% | −44.1% | −89.2% | −69.3% | −91.3% | +34.2% | +98.8% |
| Diluted EPS | +42.1% | +146.9% | −41.2% | −40.9% | −66.7% | −89.9% | +30.0% | +107.7% |
| Margins | ||||||||
| Gross margin | 75.2% | 75.6% | 75.5% | 75.2% | 75.1% | 75.2% | 76.0% | 76.0% |
| EBITDA margin | 9.7% | 10.8% | 9.0% | 9.0% | 8.8% | 10.2% | 10.0% | 10.4% |
| Operating margin | 5.0% | 3.7% | 2.1% | 4.4% | 4.3% | 3.7% | 3.4% | 5.9% |
| Net margin | 10.4% | 33.3% | 3.6% | 4.8% | 3.0% | 2.7% | 4.4% | 8.8% |
| Free-cash-flow margin | 33.5% | 25.4% | 24.4% | 18.2% | 35.5% | 14.2% | 24.1% | 22.9% |
| Cash flow | ||||||||
| Cash from operations | 56 | 44 | 47 | 32 | 64 | 27 | 46 | 45 |
| Capital spending | 0 | 1 | 6 | 1 | 1 | 1 | 2 | 2 |
| Free cash flow | 56 | 43 | 41 | 31 | 63 | 26 | 44 | 43 |
| Stock-based pay | 23 | 19 | 19 | 25 | 23 | 26 | 24 | 27 |
| Free cash flow after stock pay | 33 | 24 | 22 | 7 | 40 | 0 | 20 | 16 |
| Last 12 months unless stated | BL | DSGX | EGHT | QLYS | VRNS | SPSC | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $732m | $729m | $745m | $703m | $688m | $780m | $482m |
| Revenue growth, last 12 months | 8.6% | 12.0% | 3.7% | 10.4% | 15.6% | 6.9% | 12.0% |
| Revenue growth, 3-year average | 9.5% | 79.1% | 0.2% | 10.3% | 12.1% | 14.9% | 11.1% |
| Revenue growth, latest quarter | 9.2% | — | 4.9% | 11.0% | 18.3% | 4.1% | 11.9% |
| Gross margin | 75.6% | 77.1% | 63.3% | 83.3% | 77.1% | 70.2% | 69.2% |
| Operating margin | 4.3% | 28.8% | 3.1% | 34.4% | −22.0% | 13.8% | 1.1% |
| Operating margin, 3-year average | 3.5% | 21.4% | 0.5% | 32.0% | −21.2% | 14.3% | −0.8% |
| Net margin | 4.7% | 22.5% | 0.6% | 29.4% | −20.5% | 10.7% | 2.1% |
| Cash from operations / revenue | 24.8% | 36.5% | 8.2% | 45.7% | 20.1% | 29.7% | 18.2% |
| Free-cash-flow margin | 24.1% | 35.7% | 7.6% | 44.7% | 17.7% | 26.0% | 15.0% |
| Free-cash-flow margin, 3-year average | 25.3% | 35.2% | 8.2% | 42.1% | 18.1% | 22.6% | 16.2% |
| Stock pay / revenue | 13.7% | 2.9% | 2.4% | 11.1% | 19.3% | 8.1% | 9.3% |
| Change in share count | −1.5% | 0.3% | 9.4% | −2.9% | 3.1% | −2.9% | 2.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 8.6% | 12.0% | 110 of 184 |
| Change in growth rate Growth | +0.5pp | +0.2pp | 83 of 184 |
| Gross margin Profitability | 75.6% | 69.8% | 57 of 160 |
| Operating margin Profitability | 4.3% | 1.1% | 75 of 181 |
| Net margin Profitability | 4.7% | 2.1% | 81 of 185 |
| Free-cash-flow margin Cash generation | 24.1% | 15.2% | 58 of 180 |
| Stock pay as % of revenue Cash generation | 13.7% | 9.3% | 123 of 177 |
| Change in share count Balance sheet | -1.5% | 1.7% | 47 of 163 |
| Days sales outstanding Balance sheet | 95 days | 57 days | 133 of 162 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Subscriptions | $663M | 94.6% | ▲ 7.0% |
| Technology services | $37.5M | 5.4% | ▲ 10.1% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $483M | 68.9% | ▲ 5.4% |
| Outside the US | $218M | 31.1% | ▲ 11.5% |
From Blackline, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $231M | 8.2M | 13.6% | ▲ 7.3% |
| Clearlake Capital Group, L.P. | $160M | 5.7M | 9.4% | 0.0% |
| Vanguard Portfolio Management LLC | $107M | 3.8M | 6.3% | ▼ 6.4% |
| Fivespan Partners, LP | $94.4M | 3.4M | 5.5% | ▲ 11.6% |
| First Manhattan Co. Llc. | $67.5M | 2.4M | 4.0% | ▼ 10.2% |
| Vanguard Capital Management LLC | $65.7M | 2.3M | 3.9% | ▼ 0.3% |
| State Street Corp | $60.6M | 2.2M | 3.6% | ▲ 5.8% |
| Iconiq Capital, LLC | $58.6M | 2.1M | 3.4% | 0.0% |
| Neuberger Berman Group LLC | $50.7M | 1.8M | 3.0% | ▼ 10.8% |
| Westwood Holdings Group Inc | $37M | 1.3M | 2.2% | ▼ 9.5% |
| Geode Capital Management, LLC | $36M | 1.3M | 2.1% | ▲ 3.9% |
| Hawk Ridge Capital Management LP | $33.6M | 1.2M | 2.0% | ▼ 36.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Blackline, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Stalick Michelle D Chief Accounting Officer | August 27, 2026 | Sell | 780 | $33.65 | $26,247 |
| Tucker Therese Director | August 24, 2026 | Sell | 70,000 | $31.96 | $2.2M |
| Yamamoto Mika Director | June 5, 2026 | Sell | 3,000 | $28.48 | $85,440 |
| Stalick Michelle D Chief Accounting Officer | June 1, 2026 | Sell | 780 | $30.93 | $24,125 |
| Hughes Gregory Director | May 21, 2026 | Sell pre-set plan | 1,637 | $30.25 | $49,519 |
| Stalick Michelle D Chief Accounting Officer | May 18, 2026 | Sell | 459 | $30.26 | $13,889 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Blackline, Inc. disclosed in the last 12 months; 13 earlier trades on record.
Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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