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The latest update is out from Blackline Safety ( (TSE:BLN) ).
Blackline Safety reported fiscal first-quarter 2026 revenue of $38.8 million, its 36th consecutive quarter of year-over-year growth, driven by a 25% rise in service revenue that offset weaker product sales. The company posted record first-quarter gross margin of 65% and record Adjusted EBITDA of $1.7 million, marking a seventh straight quarter of positive Adjusted EBITDA despite a higher net loss.
Annual Recurring Revenue climbed 28% year over year to a record $90.5 million, underpinned by strong customer retention and a Net Dollar Retention rate of 126% for the eleventh consecutive quarter. Management highlighted growing operating leverage as high-margin software services expand in the revenue mix and pointed to rising customer interest in its new G8 wearable and EXO 8 area monitor, reinforcing Blackline’s positioning as a leading provider of direct-to-cloud connected safety solutions.
The most recent analyst rating on (TSE:BLN) stock is a Hold with a C$7.00 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.
The score is supported most by improving operating trajectory and a constructive earnings-call outlook (record ARR growth, strong retention, and positive adjusted EBITDA) plus a manageable balance sheet. Offsetting this are weak cash generation (negative operating and free cash flow in 2025) and a bearish technical setup with the stock below major moving averages; valuation is also constrained by ongoing net losses (negative P/E).
To see Spark’s full report on TSE:BLN stock, click here.
More about Blackline Safety
Blackline Safety Corp., listed on the TSX under the symbol BLN, is a global provider of connected safety technology for industrial and worker-focused applications. The company offers cloud-connected wearables such as its G7 and next-generation G8 devices, as well as EXO 8 area monitors, delivering gas detection, lone worker protection and real-time communication for sectors including fire, hazmat, emergency response and broader industrial safety markets.
Average Trading Volume: 59,448
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$593.6M
For an in-depth examination of BLN stock, go to TipRanks’ Overview page.