10-K · February 26, 2026
BlackLine positions itself as a leader in digital finance transformation for the Office of the CFO, emphasizing its Studio360 platform and recent AI push (launch of Verity in September 2025 and the WiseLayer acquisition…
Earnings analysis · 10-Q
BL earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
BlackLine, Inc. reported Q1 2026 earnings with a revenue of $183.2 million, up 10% from $166.9 million in Q1 2025, and an EPS of $0.56, surpassing estimates of $0.39. The company's strong performance was driven by…
Read full summary
BlackLine, Inc. reported Q1 2026 earnings with a revenue of $183.2 million, up 10% from $166.9 million in Q1 2025, and an EPS of $0.56, surpassing estimates of $0.39. The company's strong performance was driven by growth in subscription revenue, with improvements in margins and cash generation, albeit facing some challenges in customer retention and external market pressures.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.56
What stood out
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Revenue Growth of 10% YoY
Revenue for Q1 2026 was $183.2 million, compared to $166.9 million in Q1 2025, reflecting a 10% year-over-year increase.
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Strong EPS Surprise
Reported EPS of $0.56 exceeded analysts' expectations of $0.39, representing a 43.59% upside surprise.
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Improved Gross Margin
Gross margin improved to 76.0%, up from 75.5% in Q1 2025, highlighting efficiency in operations.
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Positive Cash Flow from Operations
Net cash provided by operating activities was $46.3 million, slightly down from $46.7 million in Q1 2025, indicating strong cash generation.
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Stable Dollar-Based Net Revenue Retention Rate
The dollar-based net revenue retention rate remained robust at 105%, consistent with the previous quarter.
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Significant Share Repurchase Activity
During Q1 2026, BlackLine repurchased 1.18 million shares for $47.1 million, reflecting confidence in its stock and capital management strategy.
What to watch
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Increased Customer Churn
The number of customers decreased from 4,455 in Q1 2025 to 4,301 in Q1 2026, indicating potential retention challenges.
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Economic Uncertainty Impacting Demand
Management noted that macroeconomic conditions, including inflation and geopolitical issues, have caused some customers to defer purchasing decisions.
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Potential Margin Pressure
Operating margin declined to 3.4% from 2.1% in Q1 2025, suggesting that cost pressures could affect profitability moving forward.
Management's outlook
Management expects Q2 2026 revenue to be in the range of $190 million to $210 million, indicating continued growth.
Earlier filings 4
10-Q · August 6, 2025
BlackLine reported Q2 2025 revenue of $172.0M and GAAP diluted EPS of $0.13. Revenue rose 7.2% year-over-year (from $160.506M to $172.025M) and operating income improved to $7.545M (4.4% of revenue) versus $2.208M…
10-K · February 21, 2025
BlackLine positions itself as a cloud-native finance operations platform focused on the Office of the CFO, centering growth on its recently launched Studio360 Platform and a land-and-expand model. Product expansion…
10-Q · November 8, 2024
BlackLine reported quarter revenue of $165,909,000, up $15,201,000 (10.1%) versus the prior-year quarter, driven by subscription growth. Gross margin was essentially stable at 75.2% and operating income turned positive…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.