Technology · Software - Application
Price
$28.34
Market Cap
$1.7B
Employees
1,843
Beta
0.65
Avg Volume
1,291,990
CEO
Owen Ryan
Business Description
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization’s intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. The company was incorporated in 2001 and is headquartered in Woodland Hills, California.
Business History
Price Overview
Last updated: Jun 27, 2026 10:04am (just now)$28.34
+1.84 (+6.94%)
Day Range
$26.84 – $28.40
52-Week Range
$24.70 – $59.57
50-Day MA
$29.24
200-Day MA
$43.79
Volume
2,063,234.00
Analyst Price Targets
Low
$32.00
Consensus
$42.00
High
$50.00
(26 analysts)
Share Structure
Outstanding
58,660,917.00
Float
46,918,219.00
Free Float
80.0%
Normal free float
— 80.0% of shares trade freely, ~20% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
63.35
Stock Price: $28.34
EPS (Diluted): 0.40
EPS (Diluted): 0.40
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
9.92
Stock Price: $28.34
Total Equity: $332.33M
Shares: 71,599,000
Total Equity: $332.33M
Shares: 71,599,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
20.00
Market Cap: $1.66B
Total Debt: $920.37M
Cash: $390.03M
EBITDA: $105.57M
Total Debt: $920.37M
Cash: $390.03M
EBITDA: $105.57M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$3.8B
Market Cap: $1.66B
Total Debt: $920.37M
Cash: $390.03M
Total Debt: $920.37M
Cash: $390.03M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
75.2%
Gross Profit: $526.78M
Revenue: $700.43M
Revenue: $700.43M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
4.8%
Operating Income: $33.39M
Revenue: $700.43M
Revenue: $700.43M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.5%
Net Income: $24.52M
Revenue: $700.43M
Revenue: $700.43M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
7.7%
Net Income: $24.52M
Total Equity: $332.33M
Total Equity: $332.33M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
2.0%
Operating Income: $33.39M
Tax Rate: 43.5%
Equity: $332.33M
Total Debt: $920.37M
Cash: $390.03M
Tax Rate: 43.5%
Equity: $332.33M
Total Debt: $920.37M
Cash: $390.03M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.47
Current Assets: $1.03B
Current Liabilities: $695.38M
Current Liabilities: $695.38M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.77
Short-Term Debt: $234.47M
Long-Term Debt: $685.90M
Total Debt: $920.37M
Total Equity: $332.33M
Long-Term Debt: $685.90M
Total Debt: $920.37M
Total Equity: $332.33M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$9.78
Revenue: $700.43M
Shares: 71,599,000
Shares: 71,599,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$4.64
Total Equity: $332.33M
Shares: 71,599,000
Shares: 71,599,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.26
Operating CF: $169.57M
CapEx: -$8.07M
Shares: 71,599,000
CapEx: -$8.07M
Shares: 71,599,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $28.34
Stock Price: $28.34
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $24.52M
Net Income: $24.52M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $425.7M | $522.9M | $590.0M | $653.3M | $700.4M |
| Cost of Revenue | $97.9M | $129.4M | $146.8M | $162.0M | $173.6M |
| Gross Profit | $327.8M | $393.6M | $443.2M | $491.4M | $526.8M |
| Operating Expenses | $366.4M | $449.8M | $428.9M | $472.8M | $493.4M |
| Operating Income | -$38.6M | -$56.2M | $14.3M | $18.5M | $33.4M |
| Net Income | -$115.2M | -$29.4M | $52.8M | $161.2M | $24.5M |
| EBITDA | -$10.8M | $1.3M | $116.5M | $183.8M | $105.6M |
| EPS | $-1.97 | $-0.49 | $0.87 | $2.59 | $0.40 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $539.7M | $201.0M | $271.1M | $885.9M | $390.0M |
| Total Current Assets | $1.3B | $1.2B | $1.4B | $1.1B | $1.0B |
| Total Assets | $1.8B | $1.9B | $2.1B | $1.8B | $1.8B |
| Current Liabilities | $322.6M | $367.8M | $642.6M | $422.2M | $695.4M |
| Long-Term Debt | $1.1B | $1.4B | $1.1B | $892.7M | $685.9M |
| Total Liabilities | $1.5B | $1.8B | $1.8B | $1.3B | $1.4B |
| Total Equity | $325.0M | $111.9M | $260.9M | $446.7M | $332.3M |
| Retained Earnings | -$301.7M | -$273.0M | -$214.8M | -$49.0M | -$24.8M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $80.1M | $56.0M | $126.6M | $190.8M | $169.6M |
| Capital Expenditure | -$23.3M | -$30.2M | -$27.6M | -$2.1M | -$8.1M |
| Free Cash Flow | $56.8M | $25.8M | $99.0M | $188.7M | $161.5M |
| Acquisitions (net) | $0 | -$157.7M | -$11.4M | $0 | -$16.2M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$17.0M | -$9.5M | -$15.0M | -$17.5M | -$235.5M |
| Net Change in Cash | $172.1M | -$338.8M | $70.2M | $614.8M | -$495.9M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:04am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$700.2M $699.9M – $700.3M
|
$766.8M $766.0M – $767.4M
|
$850.4M $841.3M – $861.3M
|
$953.9M $953.9M – $953.9M
|
| EBITDA |
$282.1M $282.0M – $282.2M
|
$309.0M $308.7M – $309.2M
|
$342.6M $339.0M – $347.0M
|
$384.4M $384.4M – $384.4M
|
| Net Income |
$147.5M $143.9M – $151.1M
|
$177.1M $174.9M – $179.2M
|
$200.3M $189.8M – $210.7M
|
$239.3M $237.0M – $242.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +22.8% | +12.8% | +10.7% | +7.2% |
| Gross Profit Growth | +20.0% | +12.6% | +10.9% | +7.2% |
| Operating Income Growth | -45.5% | +125.5% | +29.2% | +80.1% |
| Net Income Growth | +74.5% | +279.8% | +205.1% | -84.8% |
| EBITDA Growth | +111.6% | +9,183.3% | +57.8% | -42.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-05 | Yamamoto Mika | S-Sale | 3,000.00 | $28.48 | $85,426 |
| 2026-06-01 | Stalick Michelle D | S-Sale | 780.00 | $30.93 | $24,125 |
| 2026-05-21 | HUGHES GREGORY | S-Sale | 1,637.00 | $30.25 | $49,519 |
| 2026-05-20 | Duan Jimmy C | F-InKind | 1,190.00 | $30.84 | $36,700 |
| 2026-05-20 | Duan Jimmy C | F-InKind | 751.00 | $30.84 | $23,161 |
| 2026-05-20 | Ryan Owen | F-InKind | 2,234.00 | $30.84 | $68,897 |
| 2026-05-20 | Ryan Owen | F-InKind | 2,027.00 | $30.84 | $62,513 |
| 2026-05-20 | Ryan Owen | F-InKind | 2,438.00 | $30.84 | $75,188 |
| 2026-05-20 | Stalick Michelle D | F-InKind | 143.00 | $30.84 | $4,410 |
| 2026-05-20 | Stalick Michelle D | F-InKind | 161.00 | $30.84 | $4,965 |
| 2026-05-20 | Stalick Michelle D | F-InKind | 266.00 | $30.84 | $8,203 |
| 2026-05-20 | Stalick Michelle D | F-InKind | 301.00 | $30.84 | $9,283 |
| 2026-05-20 | Villanova Patrick | F-InKind | 259.00 | $30.84 | $7,988 |
| 2026-05-20 | Villanova Patrick | F-InKind | 300.00 | $30.84 | $9,252 |
| 2026-05-20 | Villanova Patrick | F-InKind | 1,200.00 | $30.84 | $37,008 |
| 2026-05-20 | Van Houten Stuart | F-InKind | 1,720.00 | $30.84 | $53,045 |
| 2026-05-20 | Ung Jeremy | F-InKind | 1,388.00 | $30.84 | $42,806 |
| 2026-05-20 | Ung Jeremy | F-InKind | 875.00 | $30.84 | $26,985 |
| 2026-05-20 | Tucker Therese | F-InKind | 2,222.00 | $30.84 | $68,526 |
| 2026-05-20 | Tucker Therese | F-InKind | 2,016.00 | $30.84 | $62,173 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BL — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30