BlackLine (BL) AI Stock Analysis

• Market Cap: $3.25B
• Dividend Yield: N/A
• Average Volume (3M): 1.12M
• Price to Earnings (P/E): 47.9
• Beta (1Y): 1.01
• Revenue Growth: 7.36%
• EPS Growth: -40.62%
• Country: US
• Employees: 1,830
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.51
• Shares Outstanding: 59,486,668
• 10 Day Avg. Volume: 955,571
• 30 Day Avg. Volume: 1,124,739
• PEG Ratio: 0.12
• Price to Book (P/B): 8.45
• Price to Sales (P/S): 5.78
• P/FCF Ratio: 20.00
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 5.11
• Enterprise Value/Gross Profit: 6.78
• Enterprise Value/Ebitda: 32.89
• 1Y Price Target: $60.45
• Price Target Upside: 11.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12
• EPS Forecast (FY): 2.09
• Revenue Forecast (FY): $700.21M

• Rating: 67 Neutral
• Price Target: $58.00 ▲(6.99% Upside)

BlackLine's overall stock score reflects a stable financial position with strong revenue growth but challenges in profitability and leverage. The technical indicators suggest a neutral market sentiment, while the valuation appears high relative to industry norms. The earnings call provided a positive outlook, with expectations of growth and margin expansion, contributing positively to the score.

Positive Factors

Revenue Growth

Consistent revenue growth reflects strong market demand and effective sales strategies, supporting long-term business expansion.

Partnerships

Strategic partnerships enhance market reach and product integration, providing a durable competitive advantage and growth opportunities.

Cash Flow

Strong free cash flow generation supports reinvestment in growth initiatives and provides financial stability, ensuring long-term sustainability.

Negative Factors

High Leverage

High leverage can constrain financial flexibility and increase risk, especially if earnings growth does not keep pace with debt obligations.

User Attrition

User attrition due to automation could impact customer retention and revenue stability, necessitating strategic adjustments to maintain growth.

Declining Cash Flow

Decreasing free cash flow may limit the company's ability to invest in growth and manage financial obligations, impacting long-term prospects.

BlackLine Business Overview & Revenue Model

Company Description

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany workflow that stores permissions by entity and transaction type thereby ensuring both the initiator and the approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

How the Company Makes Money

BlackLine generates revenue primarily through subscription fees for its cloud-based software solutions. The company employs a Software-as-a-Service (SaaS) model, where customers pay recurring fees based on the number of users or the volume of transactions processed. This model allows for predictable revenue streams and high customer retention rates. Additionally, BlackLine offers professional services, including implementation, training, and consulting, which provide supplementary revenue. The company has established strategic partnerships with major enterprise resource planning (ERP) providers, which help facilitate integrations and enhance its market reach. Furthermore, BlackLine benefits from upselling opportunities as existing customers expand their use of its platform, contributing to revenue growth.

BlackLine Financial Statement Overview

Summary

BlackLine shows strong revenue growth and gross profit margins, but declining net profit margins and increased leverage pose potential risks. The company maintains positive cash flow, though recent declines in free cash flow growth warrant attention. Overall, BlackLine is in a stable financial position but should focus on improving profitability and managing leverage.

Income Statement

BlackLine has demonstrated consistent revenue growth, with a TTM revenue growth rate of 1.84%. The gross profit margin remains strong at 75.34%, indicating efficient cost management. However, the net profit margin has decreased to 11.07% from 24.67% in the previous year, suggesting increased expenses or reduced pricing power. The EBIT and EBITDA margins have also declined, indicating potential challenges in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased to 2.80, reflecting higher leverage, which could pose financial risks. Return on equity has decreased to 18.93%, indicating reduced profitability for shareholders. The equity ratio remains low, suggesting a higher reliance on debt financing.

Cash Flow

Operating cash flow remains positive, with a healthy free cash flow to net income ratio of 91.23%. However, free cash flow growth has turned negative at -2.49%, indicating potential challenges in generating cash. The operating cash flow to net income ratio is relatively low, suggesting room for improvement in cash generation efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	686.71M	653.34M	590.00M	522.94M	425.71M	351.74M
Gross Profit	517.36M	491.37M	443.20M	393.55M	327.83M	282.76M
EBITDA	106.73M	183.80M	116.51M	1.25M	-10.79M	5.50M
Net Income	76.05M	161.17M	52.83M	-29.39M	-115.16M	-46.91M
Balance Sheet
Total Assets	1.70B	1.83B	2.10B	1.94B	1.82B	1.11B
Cash, Cash Equivalents and Short-Term Investments	804.18M	885.91M	1.20B	1.08B	1.20B	542.62M
Total Debt	920.21M	916.60M	1.41B	1.40B	1.13B	418.54M
Total Liabilities	1.34B	1.34B	1.81B	1.81B	1.46B	678.91M
Stockholders Equity	328.30M	446.67M	260.88M	111.87M	325.04M	422.07M
Cash Flow
Free Cash Flow	170.31M	188.71M	99.02M	25.83M	56.83M	35.31M
Operating Cash Flow	186.68M	190.84M	126.61M	56.01M	80.09M	54.73M
Investing Cash Flow	-289.46M	924.44M	-62.48M	-395.62M	-506.94M	173.59M
Financing Cash Flow	-202.69M	-500.14M	6.15M	1.44M	599.24M	18.86M

BlackLine Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 54.21
• 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 54.21 is below the 20-day moving average (MA) of 55.16, above the 50-day MA of 53.49, and above the 200-day MA of 52.72, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 49.53 is Neutral, neither overbought nor oversold. The STOCH value of 40.90 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
GTM	73 Outperform	$3.18B	32.20	6.51%	―	1.47%	1077.70%
BL	67 Neutral	$3.25B	47.93	21.85%	―	7.36%	-40.62%
INTA	63 Neutral	$3.53B	―	-6.04%	―	17.11%	-19.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NCNO	61 Neutral	$2.96B	―	-3.15%	―	13.24%	-12.97%
ALIT	42 Neutral	$1.22B	―	-66.86%	5.93%	-12.37%	-754.18%
ASAN	41 Neutral	$3.05B	―	-80.55%	―	9.74%	22.36%

BlackLine Corporate Events

BlackLine Reports Strong Q3 2025 Financial Performance

BlackLine, Inc., a leader in digital finance transformation, provides organizations with intelligent financial operations solutions through its Studio360 platform, focusing on the Office of the CFO. In its third-quarter earnings report for 2025, BlackLine reported a 7.5% increase in total GAAP revenues, reaching $178.3 million, alongside strong free cash flow and a slight decrease in GAAP operating margin compared to the previous year. The company highlighted the positive impact of strategic changes and its AI-powered solutions, including the launch of Verity, on its financial performance.

BlackLine Increases Stock Buyback Program by $200 Million

On September 4, 2025, BlackLine, Inc.’s board of directors approved an increase of $200 million to its stock buyback program, raising the total authorization to $400 million. The board also removed the program’s expiration date, previously set for March 31, 2027. To date, the company has repurchased 3,448,206 shares valued at $179 million. The program allows for repurchases through open market or privately negotiated transactions, subject to market conditions and legal requirements, and can be modified or suspended at the company’s discretion.

The most recent analyst rating on (BL) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on BlackLine stock, see the BL Stock Forecast page.