Blackline Safety Hits Record 2025 Revenue and Unveils Next-Generation G8 Wearable

Blackline Safety ( (TSE:BLN) ) has provided an update.

Blackline Safety reported record fiscal 2025 revenue of $150.5 million, up 18% year over year, driven by a 30% increase in service revenue and annual recurring revenue of $84.5 million, a 27% rise from the prior year. Net dollar retention of 128% in the fourth quarter highlighted strong customer expansion, while the company delivered its sixth consecutive quarter of positive adjusted EBITDA and its first full year of positive adjusted EBITDA at $6.1 million, despite still posting a net loss of $8.7 million. The company also introduced its next-generation G8 connected safety wearable, which integrates advanced gas detection, lone worker protection and real-time communications in a single intrinsically safe device, positioning Blackline to strengthen its leadership in the connected safety market as initial commercial shipments are expected to start in February 2026.

The most recent analyst rating on (TSE:BLN) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Blackline Safety stock, see the TSE:BLN Stock Forecast page.

Spark’s Take on TSE:BLN Stock

According to Spark, TipRanks’ AI Analyst, TSE:BLN is a Neutral.

Blackline Safety’s strong revenue growth and improved margins are significant positives, supported by a robust balance sheet and strategic international expansion. However, ongoing net losses, negative cash flows, and valuation concerns due to a negative P/E ratio weigh on the overall score. Technical indicators suggest potential short-term weakness, but the company’s strategic initiatives and recurring revenue growth provide a solid foundation for future performance.

To see Spark’s full report on TSE:BLN stock, click here.

More about Blackline Safety

Blackline Safety Corp., based in Calgary and listed on the TSX, operates in the connected safety technology industry, providing hardware-enabled SaaS solutions such as gas detection devices, lone worker protection wearables and a cloud-based monitoring platform for industrial workforces worldwide. The company focuses on recurring, high-margin service revenues generated by its connected safety platform, which streams real-time data to enhance situational awareness and worker protection in industrial environments.

Average Trading Volume: 41,088

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$602.1M

For a thorough assessment of BLN stock, go to TipRanks’ Stock Analysis page.