BlackLine, Inc. (BL) SEC Filings & Earnings Calls
EquiReason read 18 BlackLine, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-08-05 — Accumulated deficit $13M; Goodwill and intangible assets $508M.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.0B
- P/E TTM
- 61.1
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 8 Feb, in 107 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
5 Aug 202610-QAccumulated deficit $13M; Goodwill and intangible assets $508Mopen
Figures in the filing · each found in the filing text
| Accumulated deficit · Q2-2026 | $13M | |
| Goodwill and intangible assets · Q2-2026 | $508M |
Risks flagged
Customer churn and revenue growth deceleration
“Although our revenue has continued to grow, the rate of growth has slowed in recent periods, and we have experienced a decline in the number of our customers and users.” · word for word
Pricing pressure from market maturation and competition
“as the markets for our existing solutions mature, or as current and future competitors introduce new products or services that compete with ours, we may experience pricing pressure and be unable to renew our agreements with existing customers or attract new customers at prices that are profitable to us.” · word for word
Macroeconomic and tariff uncertainty impacting IT spending
“Such general macroeconomic conditions have contributed to a more restrained and selective IT spending environment that could adversely affect demand for our products and make it difficult to accurately forecast and plan our future business activities.” · word for word
Leadership transition risk due to founder retirement
“our founder, Therese Tucker, recently retired from full-time executive employment at the Company in June 2026.” · word for word
Goodwill impairment risk
“At June 30, 2026, we had goodwill and intangible assets with a net book value of $507.5 million primarily related to acquisitions.” · word for word
4 Aug 20268-K · 8.01Shares repurchased 7,200,000; Buyback amount $328Mopen
Figures in the filing · each found in the filing text
| Shares repurchased · point_in_time | 7,200,000 | |
| Buyback amount · point_in_time | $328M |
4 Aug 20268-K · 2.02Q2 2026 earnings: revenue $187.8M (+9.2% Y/Y), non-GAAP net income $42.9M (+13.2% Y/Y), billings $193M (+5.9% Y/Y), RPO $1.1B (+16.8% Y/Y). Non-GAAP operating margin 23.3% vs 22.1% prior year. Guidance raised for FY26: revenue $765-769M, noearningsopen
Figures in the filing · each found in the filing text
| Total GAAP Revenues · Q2-2026 | $188M | +9% y/y |
| GAAP Operating Margin · Q2-2026 | 5.9% | |
| Non-GAAP Operating Margin · Q2-2026 | 23.3% | |
| GAAP Net Income Attributable to BlackLine · Q2-2026 | $17M | +99% y/y |
| Non-GAAP Net Income Attributable to BlackLine · Q2-2026 | $43M | +13% y/y |
| GAAP Diluted EPS · Q2-2026 | $0.27 | +108% y/y |
| Non-GAAP Diluted EPS · Q2-2026 | $0.61 | +20% y/y |
| Billings · Q2-2026 | $193M | +6% y/y |
| Remaining Performance Obligation · Q2-2026 | $1.10B | +17% y/y |
| Operating Cash Flow · Q2-2026 | $45M | +39% y/y |
Guidance
Q3 2026: Total GAAP revenue $193M-$195M; Non-GAAP operating margin 24.5%-25.5%; Non-GAAP net income $45M-$47M ($0.62-$0.65 per share). FY 2026: Total GAAP revenue $765M-$769M; Non-GAAP operating margin 24.1%-24.6%; Non-GAAP net income $177M-$182M ($2.47-$2.54 per share).
Guidance raised for FY26: revenue $765-769M, non-GAAP operating margin 24.1-24.6%, non-GAAP net income $177-182M. Q3 guidance implies continued momentum with margin expansion.
Risks flagged
Deal timing noise as customers work through rigorous AI-driven evaluations
“Deal timing was noisy this quarter as customers work through more rigorous, AI-driven evaluations, but the demand behind those opportunities is strong and durable” · word for word
Long and increasingly variable sales cycles
“fluctuations in our financial results due to long and increasingly variable sales cycles” · word for word
3 Aug 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Founder departure from full-time role may signal leadership transition risk, but consulting agreement mitigates knowledge loss.
“Ms. Tucker announced her retirement from full-time employment ... entered into consulting agreement.” · word for word
7 May 202610-QAccumulated deficit $21M; Goodwill and intangible assets $511Mopen
Figures in the filing · each found in the filing text
| Accumulated deficit · Q1-2026 | $21M | |
| Goodwill and intangible assets · Q1-2026 | $511M |
Risks flagged
Customer churn and revenue growth deceleration
“Although our revenue has continued to grow, the rate of growth has slowed in recent periods, and we have experienced a decline in the number of our customers and users.” · word for word
Pricing pressure from market maturation and competition
“as the markets for our existing solutions mature, or as current and future competitors introduce new products or services that compete with ours, we may experience pricing pressure and be unable to renew our agreements with existing customers or attract new customers at prices that are profitable to us.” · word for word
Macroeconomic and tariff uncertainty impacting IT spending
“Such general macroeconomic conditions have contributed to a more restrained and selective IT spending environment that could adversely affect demand for our products and make it difficult to accurately forecast and plan our future business activities.” · word for word
Leadership transition risk due to founder retirement
“we recently announced that our founder, Therese Tucker will retire from full-time executive employment at the Company in June 2026.” · word for word
Goodwill impairment risk
“At March 31, 2026, we had goodwill and intangible assets with a net book value of $511.3 million primarily related to acquisitions.” · word for word
5 May 20268-K · 2.02Total GAAP revenues $183M (+10% y/y); GAAP operating margin 3.4; Non-GAAP operating margin 21.6; Guidance: FY2026 revenue $765M-$769M; non-GAAP operating margin 24.0%-24.5%earningsopen
Figures in the filing · each found in the filing text
| Total GAAP revenues · Q1-2026 | $183M | +10% y/y |
| GAAP operating margin · Q1-2026 | 3.4% | |
| Non-GAAP operating margin · Q1-2026 | 21.6% | |
| GAAP net income attributable to BlackLine · Q1-2026 | $8M | |
| Non-GAAP net income attributable to BlackLine · Q1-2026 | $40M | |
| Diluted EPS (GAAP) · Q1-2026 | $0.13 | |
| Non-GAAP diluted EPS · Q1-2026 | $0.56 | |
| Billings · Q1-2026 | $174M | +9% y/y |
| Remaining performance obligation · Q1-2026 | $1.10B | +18% y/y |
| Operating cash flow · Q1-2026 | $46M |
Guidance
FY2026 revenue $765M-$769M; non-GAAP operating margin 24.0%-24.5%
Full-year guidance raised driven by accelerating revenue growth, operating leverage, and strong RPO. Management confident in AI strategy.
Risks flagged
Competition risk: ERP vendors and other fintech companies may compete in the financial close space.
“Company operates in competitive market for financial software.”
AI adoption risk: Agentic AI strategy may not achieve expected commercial traction.
“Unveiled Agentic Financial Operations; AI Innovation Hub created.”
25 Mar 2026DEF 14ABlackLine filed its 2026 proxy statement, disclosing an activist cooperation agreement with Engaged Capital, board declassification proposal, executive changes, and 2025 compensation details.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $700M | +7% y/y |
| GAAP Operating Margin · FY2025 | 3.6% | |
| Non-GAAP Operating Margin · FY2025 | 22.3% | |
| GAAP Net Income · FY2025 | $25M | |
| Non-GAAP Net Income · FY2025 | $157M | |
| Operating Cash Flow · FY2025 | $170M | |
| Free Cash Flow · FY2025 | $135M | |
| Shares Repurchased · FY2025 | 4,500,000 | |
| ARR · FY2025 | $702M |
Risks flagged
Revenue Growth Deceleration
“Revenue growth has slowed from 22.8% in 2022 to an estimated 7.1% in 2025.” · word for word
Stockholder Dissatisfaction
“At the Company’s 2025 annual meeting, despite running unopposed, the four nominees received between 8.8% and 24.6% withhold votes.” · word for word
Key Person Dependency / Founder Transition
“On March 24, 2026, the Company announced Ms. Tucker’s decision to retire as a member of our executive team, effective June 2, 2026.” · word for word
17 Mar 20268-K · 8.01Board approved $100M increase to stock buyback program, total authorization now $500M; $270.1M repurchased to date.open
Figures in the filing · each found in the filing text
| Stock Buyback Program total authorization · 2026-03-13 | $500M | |
| Cumulative repurchases · 2026-03-13 | $270M | |
| Shares repurchased · 2026-03-13 | 5,300,000 |
Risks flagged
Buyback program is discretionary and can be suspended at any time, reducing commitment certainty.
“The repurchase program does not obligate the Company to acquire any particular amount... it may be suspended at any time at the Company’s discretion.” · word for word
10 Mar 20268-K · 1.01, 5.02, 7.01BlackLine entered into a cooperation agreement with Engaged Capital, adding two directors and forming a Strategic Committee, with standstill provisions limiting Engaged Capital's ownership to below 9.9%.open
Risks flagged
Activist involvement may lead to strategic changes, potential disruption or pressure for cost cuts/asset sales.
“Engaged Capital is an activist investor; cooperation agreement includes board seats and strategic committee adjustments.”
Standstill limits activist's ability to increase stake, reducing near-term takeover risk.
“Engaged Capital cannot exceed 9.9% beneficial ownership during restricted period.”
26 Feb 202610-KCustomers 4,394; Employees 1,850open
Figures in the filing · each found in the filing text
| Customers · FY2025 | 4,394 | |
| Employees · FY2025 | 1,850 |
10 Feb 20268-K · 2.02Total GAAP Revenue $183M (+8% y/y); Non-GAAP Operating Margin 24.7; Billings $227M (+10% y/y); Guidance: FY2026 revenue guidance $764M-$768M vs FY2025 $700.4M (+9.1% at midpoint); Non-GAAP op margin 23.7%-24.3% vs FY2025 22.3%earningsopen
Figures in the filing · each found in the filing text
| Total GAAP Revenue · Q4-2025 | $183M | +8% y/y |
| Non-GAAP Operating Margin · Q4-2025 | 24.7% | |
| Billings · Q4-2025 | $227M | +10% y/y |
| Remaining Performance Obligation · 2025-12-31 | $1.10B | +24% y/y |
| Non-GAAP Net Income Attributable to BlackLine · Q4-2025 | $45M | |
| Non-GAAP Diluted EPS · Q4-2025 | $0.63 | |
| Free Cash Flow · Q4-2025 | $20M | |
| Operating Cash Flow · Q4-2025 | $27M | |
| Customers · 2025-12-31 | 4,394 | |
| Dollar-Based Net Revenue Retention Rate · 2025-12-31 | 105.0% |
Guidance
FY2026 revenue guidance $764M-$768M vs FY2025 $700.4M (+9.1% at midpoint); Non-GAAP op margin 23.7%-24.3% vs FY2025 22.3%
FY2026 guidance implies revenue acceleration to ~9% growth and further margin expansion, supported by record bookings and RPO growth.
Risks flagged
Free cash flow declined YoY in Q4 and FY2025, potentially indicating working capital or investment headwinds.
“Free cash flow of $19.9 million, compared to $36.5 million in the fourth quarter of 2024.” · word for word
GAAP net income volatile due to non-recurring items; GAAP net income in Q4 2025 was $4.9M vs $56.4M in Q4 2024.
“GAAP net income attributable to BlackLine of $4.9 million, or $0.08 per diluted share compared to GAAP net income attributable to BlackLine of $56.4 million” · word for word
10 Nov 20258-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement)open
Risks flagged
Potential strategic change risk: existence of strategic committee may indicate M&A or restructuring considerations.
“Disclosed that it has maintained an independent strategic committee of the board of directors for more than a year.” · word for word
7 Nov 202510-QBlackLine reported Q3 2025 revenue of $178.3M (+7% YoY), net income of $5.3M (down 69% YoY), and announced increased buyback authorization to $400M.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $178M | +8% y/y |
| Subscription and support revenue · subscription · Q3-2025 | $168M | +7% y/y |
| Net income attributable to BlackLine, Inc. · Q3-2025 | $5M | -69% y/y |
| Dollar-based net revenue retention rate · 2025-09-30 | 103.0% | |
| Number of customers · 2025-09-30 | 4,424 | -0% y/y |
| Number of users · 2025-09-30 | 385,336 | -3% y/y |
| GAAP gross margin · Q3-2025 | 75.1% | |
| Non-GAAP gross margin · Q3-2025 | 79.4% | |
| Operating cash flow · 9M-2025 | $143M | -3% y/y |
| Remaining performance obligations (RPO) · 2025-09-30 | $964M |
Risks flagged
Customer demand slowdown due to macro uncertainty
“As a result of economic uncertainty, we have seen customers delay and defer purchasing decisions, which has adversely impacted our near-term demand.” · word for word
User decline from platform pricing migration
“The total number of users at September 30, 2025 decreased by 3%, as compared to September 30, 2024, primarily due to our strategic initiative to migrate customers to new, more flexible platform pricing models.” · word for word
Net revenue retention rate decline
“At September 30, 2025, our dollar-based net revenue retention rate decreased from the quarter ended June 30, 2025 due primarily to the impact of unfavorable foreign exchange rates.” · word for word
Restructuring execution risk
“On March 4, 2025, the Company announced a restructuring program that reduced its global workforce by approximately 7%, or 130 total positions, and in September 2025, the Company approved additional workforce reductions of 25 positions.” · word for word
6 Nov 20258-K · 2.02Total GAAP revenues $178M (+8% y/y); Remaining performance obligation $964M (+12% y/y); Billings $162M (+4% y/y); Guidance: Q4 revenue guidance $182M-$184M; FY2025 revenue guidance $699M-$701Mearningsopen
Figures in the filing · each found in the filing text
| Total GAAP revenues · Q3-2025 | $178M | +8% y/y |
| Remaining performance obligation · Q3-2025 | $964M | +12% y/y |
| Billings · Q3-2025 | $162M | +4% y/y |
| GAAP net income attributable to BlackLine · Q3-2025 | $5M | -69% y/y |
| Non-GAAP net income attributable to BlackLine · Q3-2025 | $38M | -15% y/y |
| Operating cash flow · Q3-2025 | $64M | +14% y/y |
| Free cash flow · Q3-2025 | $57M | +15% y/y |
| Customers · Q3-2025 | 4,424 | |
| Users · Q3-2025 | 385,336 | |
| Dollar-based net revenue retention rate · Q3-2025 | 103.0% |
Guidance
Q4 revenue guidance $182M-$184M; FY2025 revenue guidance $699M-$701M
Company provided Q4 and FY2025 guidance with improving non-GAAP operating margins, indicating confidence in execution.
Risks flagged
GAAP net income declined significantly due to higher operating expenses and stock-based compensation.
“GAAP net income attributable to BlackLine of $5.3 million, compared to $17.2 million in the prior year period” · word for word
BlackLine, Inc. — questions
- What did BlackLine, Inc. file recently?
- 18 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-05 — Accumulated deficit $13M; Goodwill and intangible assets $508M
Every figure on this page comes from BlackLine, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.