BlackLine (BL) AI Stock Analysis

• Market Cap: $3.45B
• Dividend Yield: N/A
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): 52.6
• Beta (1Y): 0.97
• 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: 471,425
• 30 Day Avg. Volume: 1,029,671
• 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: 1.02
• Enterprise Value/Revenue: 5.11
• Enterprise Value/Gross Profit: 6.78
• Enterprise Value/Ebitda: 32.89
• 1Y Price Target: $60.64
• Price Target Upside: 5.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 2.08
• Revenue Forecast (FY): $700.19M

• Rating: 71 Outperform
• Price Target: $64.00 ▲(11.00% Upside)

BlackLine's overall stock score reflects strong technical momentum and a positive earnings call sentiment, tempered by high valuation concerns and financial leverage risks. The company's strategic focus on larger deals and partnerships, along with operational improvements, supports a cautiously optimistic outlook.

Positive Factors

Revenue Growth

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

Strong Partnerships

Strategic partnerships enhance market reach and credibility, potentially leading to increased customer acquisition and revenue.

Cash Flow Generation

Strong cash flow generation supports financial stability and provides resources for reinvestment and growth initiatives.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting long-term sustainability and growth.

User Attrition

User attrition may indicate challenges in customer retention, potentially impacting future revenue growth and market position.

Delayed Deals

Delayed deals can affect short-term revenue and indicate potential challenges in closing sales, impacting growth projections.

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 software-as-a-service (SaaS) offerings. The company operates on a recurring revenue model, wherein clients pay for access to its platform on an annual or multi-year basis. Key revenue streams include subscription revenues from its various products, such as BlackLine Financial Close, BlackLine Account Reconciliations, and BlackLine Intercompany Hub. Additionally, BlackLine may earn revenue from professional services related to implementation, training, and support. Strategic partnerships with other technology and consulting firms further enhance its market reach and contribute to its earnings.

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: Positive
• Last Price: 57.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BL, the sentiment is Positive. The current price of 57.66 is above the 20-day moving average (MA) of 55.96, above the 50-day MA of 54.15, and above the 200-day MA of 52.69, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 72.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BL.

BlackLine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BL	71 Outperform	$3.45B	52.65	21.85%	―	7.36%	-40.62%
GTM	71 Outperform	$3.10B	31.38	6.51%	―	1.47%	1077.70%
INTA	63 Neutral	$3.54B	―	-6.04%	―	17.11%	-19.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NCNO	60 Neutral	$2.68B	―	-2.04%	―	12.14%	-19.29%
ASAN	54 Neutral	$3.02B	―	-102.48%	―	9.47%	16.97%
ALIT	45 Neutral	$1.09B	―	-66.86%	7.62%	-12.37%	-754.18%

BlackLine Corporate Events

BlackLine Forms Strategic Committee for Future Guidance

On November 10, 2025, BlackLine, Inc. revealed that it has had an independent strategic committee of its board of directors in place for over a year. This committee, which includes David Henshall as Chairperson, Greg Hughes, and Tom Unterman, is likely to play a significant role in guiding the company’s strategic direction and decision-making processes.

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.