BlackLine (BL) AI Stock Analysis

• Market Cap: $3.43B
• Dividend Yield: N/A
• Average Volume (3M): 691.07K
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.08
• Revenue Growth: 8.93%
• EPS Growth: 102.77%
• Country: US
• Employees: 1,830
• Sector: Technology
• Sector Strength: 82
• Industry: Software - Application
• EPS (TTM): 0.49
• Shares Outstanding: 62,320,133
• 10 Day Avg. Volume: 793,422
• 30 Day Avg. Volume: 691,074
• PEG Ratio: 1.76
• Price to Book (P/B): 35.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 155.05
• Enterprise Value/Market Cap: 1.52
• Enterprise Value/Revenue: 2.02
• Enterprise Value/Gross Profit: 10.43
• Enterprise Value/Ebitda: 14.98
• 1Y Price Target: $56.83
• Price Target Upside: 3.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 74 Outperform
• Price Target: $62.00 ▲(12.81%Upside)

BlackLine's overall score reflects strong financial performance and a positive earnings outlook. The strategic focus on AI and partnerships is promising, but high debt reliance and macroeconomic challenges present risks.

Positive Factors

Platform reception

The redesigned Studio360 platform has been well-received by customers and demand for the new platform has trended slightly above its initial expectations.

Pricing model success

Recent pricing changes to move away from a seat-based model to a more solution/platform-based approach have been well-received by customers.

Negative Factors

Free cash flow margin

The free cash flow margin estimate for BlackLine has been revised down from 24.5% to 23.7%.

Revenue guidance

The company reduced the low end of its revenue guidance range for 2025, expecting 6.9% growth at the midpoint compared to prior expectations for 7.4% growth.

BlackLine Business Overview & Revenue Model

Company Description

BlackLine, Inc. is a leading provider of cloud-based solutions designed to automate and streamline complex accounting and finance operations for businesses of all sizes. The company operates primarily in the technology and financial sectors, offering a suite of products that enhance the efficiency and accuracy of financial close, reconciliation, and other critical accounting processes. BlackLine's solutions enable organizations to transform their traditional manual accounting practices into modern, automated workflows, ensuring compliance, transparency, and real-time visibility into financial data.

How the Company Makes Money

BlackLine makes money primarily through a subscription-based revenue model. The company offers cloud-based software solutions on a subscription basis, which provides it with a recurring revenue stream. Customers typically pay annual or multi-year subscription fees to access BlackLine's accounting automation platform. Key revenue streams include subscriptions to its core products, such as the Financial Close Management solution, Account Reconciliations, Intercompany Hub, and other modules that address various accounting needs. Additionally, BlackLine may generate revenue from professional services, including consulting, implementation, and support services, which are often provided to help clients effectively deploy and use their software. Strategic partnerships with enterprise resource planning (ERP) providers and financial service firms also play a significant role in expanding BlackLine's market reach and customer base, indirectly contributing to its earnings.

BlackLine Financial Statement Overview

Summary

BlackLine demonstrates strong revenue growth and improved profitability, with a robust gross profit margin. However, operational margins remain low, and high debt reliance poses financial risks.

Income Statement

BlackLine has demonstrated consistent revenue growth from 2020 to 2025, with a noticeable increase in net income and gross profit margin. The gross profit margin for the TTM is robust at approximately 75.3%. The net profit margin has improved significantly, reaching 23.6% in TTM, indicating enhanced efficiency and profitability. However, the EBIT margin remains relatively low at 3.2%, suggesting room for improvement in operational efficiency.

Balance Sheet

The company's financial leverage has decreased with a debt-to-equity ratio of 2.21 in TTM, down from previous years, indicating better equity positioning. The return on equity has improved to 37.4% in TTM, reflecting effective use of equity. However, the equity ratio at 23.5% suggests a high reliance on debt for asset financing, posing potential financial risk.

Cash Flow

BlackLine's cash flow performance is strong with substantial growth in free cash flow over the years. The operating cash flow to net income ratio of 1.20 in TTM shows healthy cash generation relative to net income, and a free cash flow to net income ratio of 1.14 depicts efficient cash utilization. However, fluctuations in investing and financing cash flows suggest variability in strategic investments and capital structure.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
662.81M	653.34M	590.00M	522.94M	425.71M	351.74M
	Gross Profit
499.01M	491.37M	443.20M	393.55M	327.83M	282.76M
	EBIT
21.29M	18.54M	14.35M	-37.72M	-38.61M	-15.39M
	EBITDA
99.80M	183.80M	116.51M	1.25M	-13.29M	5.50M
	Net Income Common Stockholders
156.40M	161.17M	52.83M	-33.89M	-100.99M	-39.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
866.48M	885.91M	1.20B	1.08B	1.20B	542.62M
	Total Assets
1.78B	1.83B	2.10B	1.94B	1.82B	1.11B
	Total Debt
921.59M	916.60M	1.41B	1.40B	1.13B	418.54M
	Net Debt
442.06M	30.69M	1.14B	1.20B	593.88M	51.12M
	Total Liabilities
1.33B	1.34B	1.81B	1.81B	1.46B	678.91M
	Stockholders Equity
417.90M	446.67M	260.88M	111.87M	325.04M	422.07M
Cash Flow		Free Cash Flow
177.66M	188.71M	99.02M	25.83M	56.83M	35.31M
	Operating Cash Flow
187.15M	190.84M	126.61M	56.01M	80.09M	54.73M
	Investing Cash Flow
504.41M	924.44M	-62.48M	-395.62M	-506.94M	173.59M
	Financing Cash Flow
-543.53M	-500.14M	6.15M	1.44M	599.24M	18.86M

BlackLine Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 54.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BL, the sentiment is Neutral. The current price of 54.96 is below the 20-day moving average (MA) of 55.80, above the 50-day MA of 51.54, and above the 200-day MA of 54.84, indicating a neutral trend. The MACD of 0.80 indicates Positive momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 21.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BL.

BlackLine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CXM	74 Outperform	$2.08B	19.62	17.50%	―	6.75%	97.06%
BL	74 Outperform	$3.43B	25.32	44.83%	―	8.93%	102.77%
GTM	74 Outperform	$3.20B	79.38	2.23%	―	-3.12%	-37.59%
PAY	73 Outperform	$4.10B	82.58	10.80%	―	47.78%	74.61%
NCNO	65 Neutral	$3.14B	―	-2.75%	―	13.39%	16.12%
Sector *	62 Neutral	$11.95B	9.93	-7.21%	4.85%	7.32%	-8.25%

BlackLine Corporate Events

BlackLine Appoints Sam Balaji to Board of Directors

On June 13, 2025, BlackLine, Inc. appointed Saranga ‘Sam’ Balaji to its Board of Directors, bringing his extensive experience in enterprise software, AI, and cybersecurity from his 28-year tenure at Deloitte, where he served as Global CEO of Deloitte Consulting. Balaji’s appointment is expected to bolster BlackLine’s strategic growth, deepen partnerships, and enhance its platform’s capabilities, particularly in AI-driven digital finance transformation.

The most recent analyst rating on (BL) stock is a Sell with a $50.00 price target. To see the full list of analyst forecasts on BlackLine stock, see the BL Stock Forecast page.

BlackLine Appoints Scott Davidson to Key Committees

On May 8, 2025, BlackLine, Inc. held its annual meeting of stockholders virtually, where Scott Davidson was appointed to the Audit and Technology and Cybersecurity Committees. The meeting also saw the election of Class III directors, ratification of PricewaterhouseCoopers LLP as the independent auditor, and approval of executive compensation policies, including an annual advisory vote on executive compensation.

The most recent analyst rating on (BL) stock is a Sell with a $50.00 price target. To see the full list of analyst forecasts on BlackLine stock, see the BL Stock Forecast page.