BlackLine
Automates financial close, intercompany accounting, and invoice-to-cash work for finance teams.
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Profile
Provides cloud software for Office-of-the-CFO workflows, centered on Studio360, record-to-report, intercompany accounting, and invoice-to-cash. Revenue is mainly subscription-based, with implementation services around the platform and a U.S.-majority customer base served through direct sales and partners including SAP.
Provides cloud software for finance and accounting teams through Studio360, with applications for record-to-report, account reconciliations, transaction matching, journal entries, intercompany accounting, invoice-to-cash, and embedded Verity AI workflows.
Most revenue comes from subscriptions, with implementation and consulting services supporting deployments. The business reports one segment and sells through direct teams plus technology, services, outsourcing, and reseller partners, with SAP a material channel.
Revenue is weighted toward the United States but supported by customers outside the country. Execution depends on enterprise finance-software budgets, renewals and account expansion, platform-pricing adoption, AI delivery, partner execution, and protection of confidential finance data.
Company facts
Key statistics
Year to date −38.7% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Robert W. Baird | Target | $40 | $35 | ||
| Jul 21, 2026 | Morgan Stanley | Downgrade | Overweight | Equal Weight | $50 | $33 |
| Jul 21, 2026 | Scotiabank | Downgrade | Outperform | |||
| Jul 9, 2026 | D.A. Davidson | Target | $35 | $30 | ||
| May 7, 2026 | Truist Financial | Target | $32 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.57 | $0.61 | +6.5% | $187.0M | $187.8M | +0.4% | −8.00% |
| May 5, 2026Q1 FY26 | $0.45 | $0.56 | +24.4% | $181.0M | $183.2M | +1.2% | −8.63% |
| Feb 10, 2026Q4 FY25 | $0.58 | $0.63 | +8.6% | $183.0M | $183.2M | +0.1% | −5.48% |
| Nov 6, 2025Q3 FY25 | $0.51 | $0.51 | 0.0% | $183.0M | $178.3M | −2.6% | −5.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $166.9M | $172.0M | $178.3M | $183.2M | $183.2M | $187.8M | |
| Gross profit | $126.0M | $129.4M | $133.9M | $137.5M | $139.2M | $142.7M | |
| Operating income | $3.6M | $7.5M | $7.6M | $14.7M | $7.9M | $11.0M | |
| Net income | $6.1M | $8.3M | $5.3M | $4.9M | $8.1M | $16.5M | |
| Diluted EPS | $0.09 | $0.13 | $0.09 | $0.08 | $0.13 | $0.27 | |
| Gross margin | 75.5% | 75.2% | 75.1% | 75.0% | 76.0% | 76.0% | |
| Operating margin | 2.1% | 4.4% | 4.3% | 8.0% | 4.3% | 5.9% |
Fiscal years (4-quarter sums)FY21 $425.7M · FY22 $522.9M · FY23 $590.0M · FY24 $653.3M · FY25 $700.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $527.8M · Total debt $690.7M · Total assets $1.47B · Shareholders' equity $316.2M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 58.66M · Float 46.92M · 80.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.24M | 14.05% | 13F | Aug 7, 2026 |
| Clearlake Capital Group, L.P. | 5.71M | 9.74% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 3.80M | 6.48% | 13F | Aug 13, 2026 |
| Fivespan Partners, LP | 3.36M | 5.73% | 13F | Aug 13, 2026 |
| First Manhattan Co. LLC. | 2.40M | 4.10% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Michelle D. Stalick | officer: Chief Accounting Officer | −780 | $33.65 |
| Aug 24, 2026 | Therese Tucker | director | −70,000 | $31.96 |
| Jun 5, 2026 | Mika Yamamoto | director | −3,000 | $28.48 |
| Jun 1, 2026 | Michelle D. Stalick | officer: Chief Accounting Officer | −780 | $30.93 |
| May 21, 2026 | Gregory Hughes | director | −1,637 | $30.25 |
Peers
- Oracle
Cloud ERP and EPM suite for close, reconciliation, and controls
- SAP (ADR)
ERP-native record-to-report and close automation for SAP customers
- Workday
Cloud financial management with embedded close and reconciliation
- Microsoft
Dynamics 365 finance automation and Copilot-led accounting workflows
- Workiva
Audit-ready reporting, controls, and disclosure workflows for CFO teams
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BlackLine | $32.85 | −0.39% | $1.93B | 58.5 | 12.6 | 2.6 | +9.2% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Workday | $204.25 | −0.23% | $53.62B | 41.8 | 17.7 | 5.3 | +13.2% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Workiva | $79.45 | +0.39% | $4.31B | 96.5 | 21.5 | 4.5 | +18.6% |
| Median | 28.6 | 21.5 | 5.8 | +17.8% |