BL on Nasdaq

BlackLine

American software company

BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.³ From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

2001Founded¹

Compare with Navan, Inc., Netskope Inc or Coupa, or pick any stock.

TickerBL on Nasdaq¹
IndustryServices-Prepackaged Software¹
HeadquartersLos Angeles¹
Websitewww.blackline.com
Legal formDelaware corporation¹
Incorporated inDE⁴
Business address21300 Victory Boulevard, 12Th Floor, Woodland Hills, Ca 91367⁴
Filer categoryLarge accelerated filer⁴

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

75.2%Gross margin⁶

3.6%Operating margin⁶

3.5%Net margin⁶

7.2%Revenue growth, 2025⁶

7.4%Return on equity⁶

$161.5MFree cash flow⁶

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription and Circulation brought in 95% of the revenue BlackLine broke down this way in fiscal 2025.

Subscription and Circulation$662.9M⁶95%up 7% from 2024
Technology Service$37.5M⁶5%up 10% from 2024

Products and services by year

Products and services	2023	2024	2025
Subscription and Circulation	$555.5M	$619.3M	$662.9M
Technology Service	$34.5M	$34.0M	$37.5M

Regions

United States brought in 69% of the revenue BlackLine broke down this way in fiscal 2025.

United States$482.5M⁶69%up 5% from 2024
Outside the United States$217.9M⁶31%up 12% from 2024

Regions by year

Regions	2023	2024	2025
United States	$422.2M	$458.0M	$482.5M
Outside the United States	$167.8M	$195.4M	$217.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueResearch and developmentOther costs

Cost of revenue25¢$173.4M
Research and development16¢$109.2M
Other costs53¢$372.4M
Income tax3¢$21.0M
Profit4¢$24.5M

Out of $700.4M in revenue.⁶

Where each dollar of operating cash went, fiscal 2025

Share buybacks

Capital spending3¢$8.1M
Share buybacks97¢$235.5M

Out of $169.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.⁶

Financial statements

Revenue⁷⁸⁹¹⁰⁶$700.4M in 2025+142% since 2019

Gross profit⁷⁸⁹¹⁰⁶$527.0M in 2025+129% since 2019

Operating income⁷⁸⁹¹⁰⁶$25.6M in 2025

Net income⁷⁸⁹¹⁰⁶$24.5M in 2025

Every line of the income statement in the latest annual report, as filed.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Total revenues	$700.4M	$653.3M	$590.0M
Total cost of revenues	$173.4M	$162.0M	$146.8M
Gross profit	$527.0M	$491.4M	$443.2M
Sales and marketing	$258.9M	$248.3M	$243.2M
Research and development	$109.2M	$101.0M	$103.2M
General and administrative	$118.7M	$121.8M	$71.5M
Restructuring costs	$14.6M	$1.7M	$11.0M
Total operating expenses	$501.5M	$472.8M	$428.9M
Income from operations	$25.6M	$18.5M	$14.3M
Interest income	$32.8M	$49.8M	$52.1M
Interest expense	-$10.1M	-$8.8M	-$5.9M
Gain on extinguishment of convertible senior notes	$0	$65.1M	$0
Other income, net	$22.7M	$106.2M	$46.2M
Income before income taxes	$48.2M	$124.7M	$60.5M
Provision for (benefit from) income taxes	$21.0M	-$43.1M	$1.4M
Net income	$27.3M	$167.8M	$59.1M
Net income attributable to redeemable non-controlling interest (Note 4)	$3.1M	$2.0M	$892.0K
Adjustment attributable to redeemable non-controlling interest (Note 4)	-$347.0K	$4.6M	$5.3M
Net income attributable to BlackLine, Inc.	$24.5M	$161.2M	$52.8M
Basic net income per share attributable to BlackLine, Inc. (in usd per share)	$0.40	$2.59	$0.87
Shares used to calculate basic net income per share (in shares)	61.4M shares	62.1M shares	60.8M shares
Diluted net income per share attributable to BlackLine, Inc. (in usd per share)	$0.39	$1.45	$0.81
Shares used to calculate diluted net income per share (in shares)	65.9M shares	73.5M shares	72.0M shares

Total assets¹³⁷⁸⁹¹⁰⁶$1.8B in 2025+73% since 2019

Total liabilities¹³⁷⁸⁹¹⁰⁶$1.4B in 2025+127% since 2019

Shareholders’ equity⁸⁹¹⁰⁶$332.3M in 2025−17% since 2019

Cash⁷⁸⁹¹⁰⁶$390.0M in 2025+224% since 2019

Every line of the balance sheet in the latest annual report, as filed.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$390.0M	$885.9M	$271.1M
Marketable securities (amortized cost of $387,936 and $0 at December 31, 2025 and 2024, respectively)	$388.2M	$0
Accounts receivable, net of allowances of $2,970 and $2,964 at December 31, 2025 and 2024, respectively	$218.1M	$178.1M
Prepaid expenses and other current assets	$28.9M	$28.3M
Total current assets	$1.0B	$1.1B
Capitalized software development costs, net	$49.5M	$45.4M
Property and equipment, net	$13.3M	$11.8M
Intangible assets, net	$49.4M	$59.5M
Goodwill	$465.8M	$449.0M	$449.0M
Operating lease right-of-use assets	$22.8M	$22.8M
Deferred tax assets, net	$39.3M	$53.2M
Other assets	$94.3M	$90.9M
Total assets	$1.8B	$1.8B
Accounts payable	$15.5M	$8.5M
Accrued expenses and other current liabilities	$76.8M	$71.6M
Deferred revenue, current	$368.6M	$338.6M
Finance lease liabilities, current	$12.0K	$66.0K
Operating lease liabilities, current	$4.4M	$3.5M
Convertible senior notes, net, current	$230.0M	$0
Total current liabilities	$695.4M	$422.2M
Finance lease liabilities, noncurrent	$40.0K	$53.0K
Operating lease liabilities, noncurrent	$19.9M	$20.3M
Convertible senior notes, net, noncurrent	$666.0M	$892.7M
Deferred tax liabilities, net	$5.2M	$4.5M
Deferred revenue, noncurrent	$922.0K	$1.4M
Other long-term liabilities	$593.0K	$708.0K
Total liabilities	$1.4B	$1.3B
Redeemable non-controlling interest (Note 4)	$39.1M	$36.5M	$30.1M
Common stock, $0.01 par value, 500,000,000 shares authorized, 59,880,563 and 62,813,352 issued and outstanding at December 31, 2025 and 2024, respectively	$599.0K	$628.0K
Additional paid-in capital	$356.8M	$495.4M
Accumulated other comprehensive loss	-$296.0K	-$361.0K
Accumulated deficit	-$24.8M	-$49.0M
Total stockholders' equity	$332.3M	$446.7M	$260.9M
Total liabilities, redeemable non-controlling interest, and stockholders' equity	$1.8B	$1.8B
Amortized cost	$387.9M	$0
Allowances for doubtful accounts	$3.0M	$3.0M
Common stock, par value (in usd per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	500.0M shares	500.0M shares
Common stock, shares issued (in shares)	59.9M shares	62.8M shares
Common stock, shares outstanding (in shares)	59.9M shares	62.8M shares

Cash from operations⁷⁸⁹¹⁰⁶$169.6M in 2025+470% since 2019

Capital spending⁷⁸⁹¹⁰⁶$8.1M in 2025+74% since 2019

Free cash flow⁷⁸⁹¹⁰⁶$161.5M in 2025+544% since 2019

Share buybacks⁶$235.5M in 2025

Every line of the cash flow in the latest annual report, as filed.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income attributable to BlackLine, Inc.	$24.5M	$161.2M	$52.8M
Net income and adjustment attributable to redeemable non-controlling interest (Note 4)	$2.7M	$6.6M	$6.2M
Net income	$27.3M	$167.8M	$59.1M
Depreciation and amortization	$46.5M	$50.3M	$50.1M
Change in fair value of contingent consideration	$0	$0	-$33.5M
Amortization of debt issuance costs	$3.4M	$4.5M	$5.5M
Stock-based compensation	$92.6M	$83.3M	$78.0M
Gain on extinguishment of convertible senior notes	$0	-$65.1M	$0
Noncash lease expense	$5.9M	$6.2M	$6.5M
Accretion of purchase discounts on marketable securities, net	-$11.7M	-$18.4M	-$33.9M
Net foreign currency losses	$605.0K	$279.0K	$853.0K
Deferred income taxes	$15.0M	-$54.8M	-$1.5M
Provision for (benefit from) credit losses	$107.0K	$84.0K	-$18.0K
Accounts receivable	-$38.2M	-$7.6M	-$20.9M
Prepaid expenses and other current assets	-$251.0K	$2.7M	-$6.6M
Other assets	-$3.7M	$2.5M	-$595.0K
Accounts payable	$5.3M	-$1.1M	-$5.1M
Accrued expenses and other current liabilities	$3.2M	$7.1M	-$924.0K
Deferred revenue	$29.2M	$19.0M	$41.3M
Contingent consideration paid in excess of original estimates	$0	$0	-$2.4M
Operating lease liabilities	-$5.9M	-$6.0M	-$7.2M
Lease incentive receipts	$30.0K	$0	$240.0K
Other long-term liabilities	-$77.0K	$96.0K	-$2.2M
Net cash provided by operating activities	$169.6M	$190.8M	$126.6M
Purchases of marketable securities	-$747.6M	-$396.1M	-$1.3B
Proceeds from maturities of marketable securities	$373.0M	$1.0B	$1.3B
Proceeds from sales of marketable securities	$200.0K	$324.1M	$0
Capitalized software development costs	-$26.6M	-$24.7M	-$21.6M
Purchases of property and equipment	-$8.1M	-$2.1M	-$6.0M
Acquisition, net of cash acquired	-$16.2M	$0	-$11.4M
Net cash provided by (used in) investing activities	-$425.3M	$924.4M	-$62.5M
Proceeds from issuance of convertible senior notes, net of issuance costs	$0	$662.0M	$0
Partial repurchase of convertible senior notes	$0	-$848.5M	$0
Repayment of convertible senior notes	$0	-$250.0M	$0
Purchase of capped calls related to convertible senior notes	$0	-$59.7M	$0
Principal payments under finance lease obligations	-$66.0K	-$999.0K	-$990.0K
Repurchases of common stock	-$235.5M	$0
Proceeds from exercises of stock options	$5.2M	$7.6M	$19.8M
Proceeds from employee stock purchase plan	$7.2M	$7.0M	$8.0M
Acquisition of common stock for tax withholding obligations	-$16.9M	-$17.5M	-$15.0M
Payment of contingent consideration for the 2013 Acquisition	$0	$0	-$5.6M
Net cash provided by (used in) financing activities	-$240.1M	-$500.1M	$6.1M
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	-$92.0K	-$347.0K	-$120.0K
Net increase (decrease) in cash, cash equivalents, and restricted cash	-$495.9M	$614.8M	$70.2M
Cash paid for interest	$6.8M	$3.8M	$313.0K
Stock-based compensation capitalized for software development	$4.7M	$4.5M	$3.5M
Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period	$2.0M	$2.8M	$1.5M
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period	$1.7M	$2.4M	$60.0K
Accrued liabilities for business acquisition purchase consideration holdback	$1.7M	$0	$0
Issuance of common stock for acquisition	$5.4M	$0	$0
Leased assets obtained in exchange for new financing lease liabilities	$0	$385.0K	$0
Leased assets obtained in exchange for new operating lease liabilities	$5.8M	$10.1M	$10.4M
Leasehold improvements paid directly by landlord	$0	$0	$271.0K

Compare BlackLine with another company

The story

BlackLine was founded in 2001 by Therese Tucker, a former CTO at SunGard Treasury Systems. The initial goal was to help customers replace their use of Excel with a suite of accounting software.

The company functioned with no outside funding until 2013 when the private equity firm, Silver Lake Partners invested more than $200 million in the company.

BlackLine reached an agreement to form a strategic alliance with the financial consulting firm McGladrey, in 2015. As part of the alliance, the companies began offering a business process as a service (BPaaS) platform.

The company's IPO was October 28, 2016; they're listed on the Nasdaq under the symbol BL.

Runbook acquisition

In September 2016, the company acquired its European competitor, Runbook for $34 million.

Runbook marketed a dashboard software application program for SAP; before it was acquired by BlackLine.

The software's "automation of recurring financial processes" adds "visibility and transparency" and strengthens "internal controls and compliance documentation" of data maintained by SAP.

SAP agreement

In 2018 BlackLine reached an agreement with SAP for the latter "to resell BlackLine's.. cloud-based finance and accounting solutions" as part of "SAP Solution Extensions."

Read the full text

Rimilia acquisition

In October 2020, the company acquired UK-based accounts receivable automation company Rimilia for $150 million.

Rimilia's cloud-based SaaS platform "uses AI to accurately apply payments to customer's invoices with any ERP system".

WiseLayer

In December 2025, it was announced that BlackLine had acquired WiseLayer, a New York–based artificial intelligence company specialising in AI agents for automating accounting processes. The transaction, for which financial terms were not disclosed, was intended to support the integration of AI-driven capabilities into BlackLine’s financial operations software.

From Wikipedia’s article on BlackLine Systems, shared under CC BY-SA 4.0.⁵

Products and brands

BlackLine provides software for more than 4,400 companies including Costco, Netflix, Coca-Cola, JetBlue Airways, Google, Kraft Heinz, Under Armour, Sirius XM Holdings. The company creates enhanced financial controls, in contrast to basic general ledger applications. BlackLine's software manages financial data, reconciles balances from sub-systems, ensures accurate and complete closings, and monitors regulatory controls through a system known as continuous auditing. The company's software is cloud-based, primarily running on the Google Cloud Platform, and meets ISO 27001 standards.