Blackline, Inc. income statement
In fiscal 2025, Blackline, Inc. reported revenue of $700m, up 7.2% on the year before, operating income of $25.6m (a 3.6% margin) and net income of $24.5m, or $0.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 84 | 123 | 177 | 228 | 289 | 352 | 426 | 523 | 590 | 653 | 700 | 732 |
| Cost of revenue | 17 | 23 | 30 | 41 | 51 | 59 | 69 | 98 | 129 | 147 | 162 | 173 | 179 |
| Gross profit | 35 | 61 | 98 | 134 | 177 | 230 | 283 | 328 | 394 | 443 | 491 | 527 | 553 |
| Research and development | 10 | 18 | 21 | 24 | 31 | 43 | 56 | 77 | 109 | 103 | 101 | 109 | 117 |
| Selling and marketing | 32 | 57 | 72 | 104 | 129 | 159 | 175 | 203 | 257 | 243 | 248 | 259 | 267 |
| General and administrative | 12 | 21 | 28 | 37 | 47 | 56 | 72 | 87 | 80 | 72 | 122 | 119 | 126 |
| Operating income | −18 | −35 | −23 | −30 | −30 | −28 | −20 | −39 | −56 | 14 | 19 | 26 | 32 |
| Interest expense | 3 | 3 | 6 | 0 | 0 | 9 | 23 | 63 | 6 | 6 | 9 | 10 | 10 |
| Income before tax | −25 | −38 | −35 | −33 | −28 | −30 | −39 | −101 | −47 | 61 | 125 | 48 | 47 |
| Income tax | −8 | −14 | −9 | 1 | 1 | 2 | 1 | 0 | −14 | 1 | −43 | 21 | 20 |
| 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 |
| Diluted shares (average) | 40m | 41m | 42m | 52m | 54m | 55m | 57m | 58m | 60m | 72m | 74m | 66m | 68m |
| EBITDA | −5 | −20 | −6 | −10 | −8 | −7 | 1 | −11 | −13 | 64 | 69 | 72 | 72 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 169 | 167 | 172 | 178 | 183 | 183 | 188 |
| Cost of revenue | 41 | 41 | 41 | 43 | 44 | 45 | 44 | 45 |
| Gross profit | 125 | 128 | 126 | 129 | 134 | 138 | 139 | 143 |
| Research and development | 26 | 25 | 26 | 28 | 27 | 28 | 31 | 31 |
| Selling and marketing | 62 | 65 | 63 | 65 | 67 | 64 | 67 | 68 |
| General and administrative | 28 | 32 | 28 | 28 | 29 | 33 | 33 | 31 |
| Operating income | 8 | 6 | 4 | 8 | 8 | 7 | 6 | 11 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Income before tax | 17 | 13 | 10 | 14 | 13 | 11 | 10 | 13 |
| Income tax | 2 | −50 | 5 | 6 | 5 | 5 | 6 | 4 |
| 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 |
| EBITDA | 16 | 18 | 15 | 16 | 16 | 19 | 18 | 20 |
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