BL - BlackLine, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$42.00
DETAILS
HIGH:
$50.00
LOW:
$32.00
MEDIAN:
$40.00
CONSENSUS:
$42.00
UPSIDE:
45.33%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 700.4 | 653.3 | 590.0 | 522.9 | 425.7 | 351.7 | 289.0 | 227.8 | 177.0 | 123.1 | 83.6 | 51.7 | 32.0 |
| Cost of Revenue | 173.6 | 162.0 | 146.8 | 129.4 | 97.9 | 69.0 | 59.0 | 50.9 | 41.5 | 30.2 | 22.7 | 16.6 | 10.4 |
| Gross Profit | 526.8 | 491.4 | 443.2 | 393.6 | 327.8 | 282.8 | 230.0 | 176.9 | 135.5 | 92.9 | 60.9 | 35.1 | 21.5 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 112.4 | 101.0 | 103.2 | 108.9 | 77.3 | 56.5 | 43.0 | 30.8 | 23.9 | 21.1 | 18.2 | 9.7 | 7.2 |
| SG&A Expenses | 375.8 | 370.1 | 314.7 | 337.0 | 289.1 | 246.2 | 214.9 | 176.0 | 146.7 | 105.7 | 77.5 | 43.6 | 25.0 |
| Other Expenses | 5.1 | 1.7 | 11.0 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 493.4 | 472.8 | 428.9 | 449.8 | 366.4 | 302.7 | 257.9 | 206.8 | 170.6 | 126.8 | 95.7 | 53.3 | 41.3 |
| Operating Income | |||||||||||||
| Operating Income | 33.4 | 18.5 | 14.3 | (56.2) | (38.6) | (19.9) | (27.9) | (29.8) | (35.1) | (33.9) | (34.8) | (18.2) | (10.4) |
| Interest Expense | 10.1 | 8.8 | 5.9 | 5.8 | 62.9 | 23.3 | 8.7 | 0.0 | 0.0 | 5.9 | 3.2 | 3.0 | 0 |
| Interest Income | 32.8 | 49.8 | 52.1 | 14.6 | 0.7 | 4.5 | 6.1 | 2.1 | 1.1 | 0.0 | 0 | 0 | 0.8 |
| Profitability | |||||||||||||
| EBITDA | 105.6 | 183.8 | 116.5 | 1.3 | (10.8) | 5.5 | (0.5) | (5.4) | (12.9) | (24.2) | (20.5) | (4.7) | (7.9) |
| EBIT | 59.0 | 133.5 | 66.4 | (41.6) | (37.9) | (15.4) | (21.8) | (27.7) | (32.8) | (29.1) | (35.2) | (18.2) | (10.4) |
| Income Before Tax | 48.2 | 124.7 | 60.5 | (47.4) | (100.9) | (38.7) | (30.4) | (27.7) | (37.5) | (45.7) | (38.4) | (24.9) | (20.6) |
| Income Tax Expense | 21.0 | (43.1) | 1.4 | (13.5) | 0.1 | 0.7 | 1.7 | 0.2 | 0.6 | (6.6) | (13.7) | (8.2) | (3.9) |
| Net Income | 24.5 | 161.2 | 52.8 | (29.4) | (115.2) | (46.9) | (32.5) | (27.8) | (38.1) | (39.2) | (24.7) | (16.8) | (16.7) |
| Per Share Data | |||||||||||||
| EPS (Basic) | 0.40 | 2.59 | 0.87 | -0.49 | -1.97 | -0.83 | -0.58 | -0.52 | -0.73 | -0.92 | -0.50 | -0.34 | -0.69 |
| EPS (Diluted) | 0.39 | 1.45 | 0.73 | -0.49 | -1.97 | -0.83 | -0.58 | -0.52 | -0.73 | -0.92 | -0.50 | -0.34 | -0.69 |
| Shares Outstanding | 59.6 | 62.1 | 60.8 | 59.5 | 58.4 | 56.8 | 55.3 | 53.9 | 52.2 | 42.5 | 49.3 | 49.3 | 24.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 390.0 | 885.9 | 271.1 | 201.0 | 539.7 | 367.4 | 120.2 | 46.2 | 31.1 | 22.1 |
| Short-Term Investments | 388.2 | 0 | 933.4 | 874.1 | 659.0 | 175.2 | 487.5 | 86.4 | 81.5 | 83.1 |
| Net Receivables | 218.1 | 178.1 | 171.6 | 150.9 | 125.1 | 111.3 | 102.8 | 74.9 | 61.9 | 42.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0.2 | 28.3 | 31.2 | 23.7 | 0 | 0 | 0 | 14.0 | 0 | 9.7 |
| Total Current Assets | 1,025.2 | 1,092.4 | 1,407.3 | 1,249.6 | 1,347.7 | 674.1 | 723.4 | 221.5 | 194.0 | 163.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 36.0 | 34.6 | 34.0 | 34.5 | 32.6 | 21.9 | 25.6 | 13.5 | 12.8 | 11.3 |
| Goodwill | 465.8 | 449.0 | 449.0 | 443.9 | 289.7 | 289.7 | 185.1 | 185.1 | 185.1 | 185.1 |
| Intangible Assets | 98.8 | 105.0 | 116.9 | 122.9 | 59.7 | 64.7 | 28.8 | 36.8 | 47.6 | 58.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0.4 |
| Other Non-Current Assets | 133.6 | 90.9 | 93.4 | 92.8 | 87.9 | 63.0 | 51.6 | 36.9 | 1.4 | 1.4 |
| Total Non-Current Assets | 734.3 | 732.6 | 693.4 | 694.1 | 469.9 | 439.4 | 291.1 | 272.3 | 246.9 | 256.6 |
| Total Assets | 1,759.5 | 1,825.0 | 2,100.8 | 1,943.7 | 1,817.6 | 1,113.5 | 1,014.6 | 493.9 | 440.9 | 420.4 |
| Current Liabilities | ||||||||||
| Account Payables | 15.5 | 8.5 | 8.6 | 15.0 | 7.5 | 3.1 | 7.4 | 3.4 | 7.3 | 7.2 |
| Short-Term Debt | 234.5 | 0 | 249.2 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 |
| Deferred Revenue | 368.6 | 338.6 | 320.1 | 279.3 | 242.4 | 191.1 | 162.6 | 129.1 | 106.9 | 80.4 |
| Other Current Liabilities | 76.8 | 0 | 0 | 8 | 16.4 | 16.7 | 7.1 | 5.1 | 108.5 | 8.4 |
| Total Current Liabilities | 695.4 | 422.2 | 642.6 | 367.8 | 322.6 | 242.3 | 207.0 | 159.2 | 137.0 | 108.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 685.9 | 892.7 | 1,140.6 | 1,384.3 | 1,114.2 | 407.0 | 384.3 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 5.2 | 4.5 | 6.4 | 5.6 | 8.2 | 6.6 | 4.6 | 1.1 | 1.3 | 1.3 |
| Other Non-Current Liabilities | (19.3) | 0.7 | 3.6 | 39.8 | 4.4 | 15.6 | 4.4 | 7.3 | 7.0 | 16.9 |
| Total Non-Current Liabilities | 692.7 | 919.6 | 1,167.3 | 1,440.1 | 1,141.3 | 436.6 | 404.0 | 8.7 | 9.2 | 20.6 |
| Total Liabilities | 1,388.1 | 1,341.9 | 1,809.8 | 1,807.9 | 1,463.8 | 678.9 | 611.0 | 167.9 | 146.3 | 129.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 |
| Retained Earnings | (24.8) | (49.0) | (214.8) | (273.0) | (301.7) | (201.7) | (163.6) | (130.6) | (125.5) | (87.3) |
| Accumulated Other Comprehensive Income | (0.3) | (0.4) | 0.2 | (1.5) | 0.3 | 0.4 | 0.4 | 0.0 | (0.1) | (0.0) |
| Total Stockholders' Equity | 332.3 | 446.7 | 260.9 | 111.9 | 325.0 | 422.1 | 398.6 | 321.6 | 294.6 | 291.4 |
| Total Liabilities & Equity | 1,759.5 | 1,825.0 | 2,100.8 | 1,943.7 | 1,817.6 | 1,113.5 | 1,014.6 | 493.9 | 440.9 | 420.4 |
| Debt Metrics | ||||||||||
| Total Debt | 940.3 | 916.6 | 1,410.5 | 1,401.3 | 1,133.6 | 418.5 | 399.9 | 0 | 0.4 | 1.0 |
| Net Debt | 550.2 | 30.7 | 1,139.4 | 1,200.3 | 593.9 | 51.1 | 279.7 | (46.2) | (30.7) | (21.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 24.5 | 161.2 | 52.8 | (33.9) | (101.0) | (39.4) | (32.1) | (27.9) | (38.1) | (39.2) |
| Depreciation & Amortization | 46.5 | 50.3 | 50.1 | 42.8 | 27.1 | 20.9 | 21.3 | 22.3 | 20.0 | 17.4 |
| Stock-Based Compensation | 92.6 | 83.3 | 78.0 | 75.9 | 65.9 | 49.7 | 34.1 | 20.9 | 16.0 | 6.5 |
| Change in Working Capital | (10.2) | 16.8 | (4.4) | 13.7 | 24.6 | (3.4) | (6.3) | 1.5 | 3.7 | 13.4 |
| Other Non-Cash Items | 1.1 | (65.9) | (48.4) | (28.1) | 64.3 | 27.3 | 11.5 | (0.1) | 4.7 | 4.4 |
| Operating Cash Flow | 169.6 | 190.8 | 126.6 | 56.0 | 80.1 | 54.7 | 29.7 | 16.1 | 6.4 | (4.8) |
| Investing Activities | ||||||||||
| Capital Expenditure | (8.1) | (2.1) | (27.6) | (30.2) | (23.3) | (19.4) | (9.7) | (12.0) | (8.6) | (5.0) |
| Acquisitions | (16.2) | 0 | (11.4) | (157.7) | 0 | (119.3) | 5.1 | 5.7 | 4.6 | (31.5) |
| Purchases of Investments | (759.3) | (414.5) | (1,343.3) | (1,599.9) | (1,180.9) | (266.4) | (565.7) | (122.5) | (76.6) | (83.2) |
| Sales/Maturities of Investments | 373.2 | 1,347.4 | 1,319.8 | 1,392.2 | 697.2 | 578.7 | 166.9 | 118.5 | 78.2 | 3.3 |
| Other Investing Activities | (14.9) | (6.3) | (21.6) | 0 | (14.5) | (12.9) | (5.1) | (5.7) | (4.6) | (3.3) |
| Investing Cash Flow | (425.3) | 924.4 | (62.5) | (395.6) | (506.9) | 173.6 | (408.4) | (16.0) | (7.0) | (119.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (0.1) | (437.5) | (1.0) | (0.6) | 696.5 | 0 | 487.2 | (0.4) | (0.5) | (26.5) |
| Stock Repurchased | (235.5) | (17.5) | (15.0) | (9.5) | (17.0) | (8.2) | (3.9) | (3.4) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (16.9) | (45.1) | 22.2 | 11.6 | (80.3) | 27.0 | (30.7) | 18.3 | 10.1 | (1.5) |
| Financing Cash Flow | (240.1) | (500.1) | 6.1 | 1.4 | 599.2 | 18.9 | 452.5 | 14.5 | 9.6 | 131.4 |
| Cash Position | ||||||||||
| Net Change in Cash | (495.9) | 614.8 | 70.2 | (338.8) | 172.1 | 247.4 | 74.0 | 15.0 | 9.0 | 6.9 |
| Cash at Beginning | 886.1 | 271.4 | 201.2 | 540.0 | 367.9 | 120.5 | 46.5 | 31.5 | 22.1 | 15.2 |
| Cash at End | 390.2 | 886.1 | 271.4 | 201.2 | 540.0 | 367.9 | 120.5 | 46.5 | 31.1 | 22.1 |
| Free Cash Flow | 161.5 | 188.7 | 99.0 | 25.8 | 56.8 | 35.3 | 20.0 | 4.2 | (2.2) | (9.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 700.4 | 653.3 | 590.0 | 522.9 | 425.7 | 351.7 | 289.0 | 227.8 | 177.0 | 123.1 | 83.6 | 51.7 | 32.0 |
| Gross Profit | 526.8 | 491.4 | 443.2 | 393.6 | 327.8 | 282.8 | 230.0 | 176.9 | 135.5 | 92.9 | 60.9 | 35.1 | 21.5 |
| Operating Income | 33.4 | 18.5 | 14.3 | (56.2) | (38.6) | (19.9) | (27.9) | (29.8) | (35.1) | (33.9) | (34.8) | (18.2) | (10.4) |
| Net Income | 24.5 | 161.2 | 52.8 | (29.4) | (115.2) | (46.9) | (32.5) | (27.8) | (38.1) | (39.2) | (24.7) | (16.8) | (16.7) |
| EPS (Diluted) | 0.39 | 1.45 | 0.73 | -0.49 | -1.97 | -0.83 | -0.58 | -0.52 | -0.73 | -0.92 | -0.50 | -0.34 | -0.69 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 390.0 | 885.9 | 271.1 | 201.0 | 539.7 | 367.4 | 120.2 | 46.2 | 31.1 | 22.1 | |||
| Total Assets | 1,759.5 | 1,825.0 | 2,100.8 | 1,943.7 | 1,817.6 | 1,113.5 | 1,014.6 | 493.9 | 440.9 | 420.4 | |||
| Total Debt | 940.3 | 916.6 | 1,410.5 | 1,401.3 | 1,133.6 | 418.5 | 399.9 | 0 | 0.4 | 1.0 | |||
| Stockholders' Equity | 332.3 | 446.7 | 260.9 | 111.9 | 325.0 | 422.1 | 398.6 | 321.6 | 294.6 | 291.4 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 169.6 | 190.8 | 126.6 | 56.0 | 80.1 | 54.7 | 29.7 | 16.1 | 6.4 | (4.8) | |||
| Capital Expenditure | (8.1) | (2.1) | (27.6) | (30.2) | (23.3) | (19.4) | (9.7) | (12.0) | (8.6) | (5.0) | |||
| Free Cash Flow | 161.5 | 188.7 | 99.0 | 25.8 | 56.8 | 35.3 | 20.0 | 4.2 | (2.2) | (9.8) | |||