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Blackline Inc Stock Research

BL

54.60USD+1.66(+3.14%)Market Closed
Watchlist

Market Summary

USD54.60+1.66
Market Closed
3.14%

BL Alerts

  • Big jump in Earnings (Y/Y)

BL Stock Price

BL RSI Chart

BL Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

328.63

Price/Sales (Trailing)

5.97

EV/EBITDA

46.31

Price/Free Cashflow

36.63

BL Price/Sales (Trailing)

BL Profitability

EBT Margin

-5.03%

Return on Equity

-26.83%

Return on Assets

-1.62%

Free Cashflow Yield

2.73%

BL Fundamentals

BL Revenue

Revenue (TTM)

557.8M

Revenue Y/Y

12.53%

Revenue Q/Q

4.02%

BL Earnings

Earnings (TTM)

10.1M

Earnings Y/Y

389.25%

Earnings Q/Q

356.9%

Price Action

52 Week Range

48.2277.90
(Low)(High)

Last 7 days

-1.8%

Last 30 days

3.7%

Last 90 days

1.3%

Trailing 12 Months

-9.7%

BL Financial Health

Current Ratio

3.42

BL Investor Care

Shares Dilution (1Y)

2.53%

Diluted EPS (TTM)

0.1

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for BL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-01
Unterman Thomas
sold
-45,255
60.34
-750
-
2023-08-31
Unterman Thomas
sold
-45,000
60.00
-750
-
2023-08-21
Woodhams Mark
sold
-29,016
52.00
-558
chief revenue officer
2023-08-18
Woodhams Mark
sold (taxes)
-76,490
52.07
-1,469
chief revenue officer
2023-08-18
Tucker Therese
sold (taxes)
-184,692
52.07
-3,547
co-ceo
2023-08-18
Partin Mark
sold (taxes)
-155,741
52.07
-2,991
chief financial officer
2023-08-18
PRAGER MORGAN KAROLE
sold (taxes)
-70,138
52.07
-1,347
chief legal and administrative
2023-08-18
Villanova Patrick
sold (taxes)
-23,900
52.07
-459
chief accounting officer
2023-05-22
Woodhams Mark
sold
-29,730
53.28
-558
chief revenue officer
2023-05-22
HIRSCH PETER
sold
-74,432
53.28
-1,397
chief technology officer

1–10 of 50

Which funds bought or sold BL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
-893
3,606
-%
2023-09-20
BARCLAYS PLC
reduced
-19.54
-14,390,000
26,138,000
0.02%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-67.00
269
-%
2023-09-01
Portside Wealth Group, LLC
new
-
426,525
426,525
0.08%
2023-08-22
COMERICA BANK
sold off
-
-
-
-%
2023-08-21
BOKF, NA
sold off
-100
-18,735
-
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-7.94
-497,422
1,401,610
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-9.26
-1,290,200
3,439,850
-%
2023-08-17
Orion Portfolio Solutions, LLC
reduced
-10.7
-752,829
1,895,160
0.02%
2023-08-16
Nuveen Asset Management, LLC
reduced
-20.46
-6,596,780
11,601,200
-%

1–10 of 34

Latest Funds Activity

Are funds buying BL calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BL
No. of Funds

Schedule 13G FIlings of Blackline

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jul 10, 2023
vanguard group inc
10.38%
6,277,625
SC 13G/A
Feb 14, 2023
clearlake capital group, l.p.
9.6%
5,712,300
SC 13G
Feb 14, 2023
tucker therese
7.9%
4,750,294
SC 13G/A
Feb 14, 2023
kayne anderson rudnick investment management llc
3.69%
2,203,641
SC 13G/A
Feb 09, 2023
vanguard group inc
8.92%
5,332,091
SC 13G/A
Feb 01, 2023
blackrock inc.
6.6%
3,965,756
SC 13G/A
Feb 11, 2022
kayne anderson rudnick investment management llc
5.36%
3,141,183
SC 13G/A
Feb 11, 2022
tucker therese
7.9%
4,694,625
SC 13G/A
Feb 09, 2022
vanguard group inc
8.64%
5,065,198
SC 13G/A
Feb 03, 2022
blackrock inc.
7.0%
4,122,529
SC 13G/A

Recent SEC filings of Blackline

View All Filings
Date Filed Form Type Document
Sep 01, 2023
4
Insider Trading
Sep 01, 2023
4
Insider Trading
Sep 01, 2023
144
Notice of Insider Sale Intent
Aug 31, 2023
144
Notice of Insider Sale Intent
Aug 25, 2023
144
Notice of Insider Sale Intent
Aug 23, 2023
8-K
Current Report
Aug 21, 2023
4
Insider Trading
Aug 21, 2023
4
Insider Trading
Aug 21, 2023
4
Insider Trading
Aug 21, 2023
4
Insider Trading

Peers (Alternatives to Blackline)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
211.9B
-3.06% 31.92%
32.56
11.12
6.88% -0.52%
233.9B
18.4B
-3.36% 78.67%
48.18
12.69
10.40% -0.72%
-
-
2.13% -11.05%
-
-
- -
298.6B
51.0B
-7.48% 65.97%
31.85
5.86
15.41% 61.40%
201.3B
33.1B
-1.29% 37.48%
127.55
6.09
14.81% 194.40%
20.6B
4.5B
1.00% -7.63%
145.3
4.61
3.92% -85.69%
MID-CAP
3.1B
506.6M
-9.24% 0.09%
-19.9
6.19
20.13% -27.36%
12.0B
848.2M
0.06% 48.06%
82.16
14.14
19.21% 23.01%
7.2B
905.3M
8.47% 47.00%
-46.12
7.9
11.41% -3.11%
SMALL-CAP
1.1B
415.3M
-12.81% 12.99%
-6.16
2.77
11.66% -68.02%
776.6M
403.2M
-26.62% 38.75%
-32.42
1.93
0.77% 74.48%
130.9M
309.9M
46.35% -51.45%
-0.71
0.42
-0.26% -219.50%

Blackline News

GuruFocus.com
CLEARLAKE CAPITAL GROUP, L.P. Reduces Stake in Janus ....
GuruFocus.com,
2 days ago

Returns for BL

Cumulative Returns on BL

-0.3%


5-Year Cumulative Returns

-14.4%


3-Year Cumulative Returns

Risks for BL

What is the probability of a big loss on BL?

90.4%


Probability that Blackline stock will be more than 20% underwater in next one year

77.3%


Probability that Blackline stock will be more than 30% underwater in next one year.

19.6%


Probability that Blackline stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Blackline was unfortunately bought at previous high price.

Drawdowns

Financials for Blackline

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue3.0%557,783,000541,686,000522,938,000498,307,000473,441,000447,086,000425,706,000406,090,000386,845,000367,995,000351,737,000336,285,000321,053,000307,445,000288,976,000271,034,000254,843,000240,633,000227,788,000215,489,000202,179,000
Gross Profit2.9%419,607,000407,703,000393,553,000374,313,000357,436,000340,432,000327,835,000317,009,000305,219,000293,198,000282,765,000271,374,000257,832,000246,023,000230,001,000213,295,000198,879,000187,747,000176,914,000167,553,000156,889,000
  S&GA Expenses-1.3%255,515,000258,766,000256,862,000246,777,000231,036,000214,218,000202,620,000191,792,000185,581,000178,225,000174,581,000173,148,000172,408,000167,774,000158,837,000150,610,000140,471,000135,429,000128,808,000119,193,000119,532,000
  R&D Expenses-1.0%109,650,000110,750,000108,893,000101,582,00092,704,00083,597,00077,322,00074,652,00070,638,00063,690,00056,464,00048,735,00045,464,00044,446,00043,006,00041,447,00037,150,00034,132,00030,754,00028,035,00026,657,000
EBITDA-100.0%-24,310,0001,255,000-30,817,000-12,040,000-14,416,000-10,786,000-2,394,000-11,529,000-6,208,0005,503,0008,330,0004,167,0006,862,333-497,000------
EBITDA Margin-100.0%-0.040.00-0.06-0.03-0.03-0.03-0.01-0.03-0.020.020.020.010.020.00------
Interest Expenses0.2%5,871,0005,858,0005,850,00020,749,00035,377,00049,588,00062,945,00052,553,00042,357,00032,430,00023,311,00022,984,00020,076,00019,113,3338,650,0006,012,000--4,0004,00010,000
Earnings Before Taxes152.2%14,206,000-27,221,000-47,411,000-89,505,000-80,919,000-93,737,000-100,859,000-81,399,000-78,773,000-61,502,000-38,700,000-33,740,000-35,144,000-32,406,000-30,421,000-30,340,000-26,077,000-29,157,000-27,704,000-23,840,000-31,420,000
EBT Margin100.0%--0.05-0.09-0.18-0.17-0.21-0.24-0.20-0.20-0.17-0.11-0.10-0.11-0.11-0.11------
Net Income132.3%10,126,000-31,388,000-29,391,000-77,705,000-71,427,000-86,208,000-115,161,000-95,136,000-90,146,000-73,032,000-46,911,000-39,112,000-39,567,000-36,597,000-32,535,000-31,492,000-27,052,000-30,243,000-28,714,000-24,737,000-32,045,000
Net Income Margin100.0%--0.06-0.06-0.16-0.15-0.19-0.27-0.23-0.23-0.20-0.13-0.12-0.12-0.12-0.11------
Free Cashflow-100.0%-67,582,00045,039,00039,111,00030,973,00042,603,00071,364,00063,584,00071,483,00068,266,00048,222,00044,461,00031,345,00030,534,00025,092,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.2%1,9751,9331,9441,8781,8741,8701,8181,7501,7321,7091,1141,0471,0331,0111,015976524505493475464
  Current Assets3.3%1,2841,2431,2501,1771,1721,1711,3481,3011,2871,267674754740721723689236219222204193
    Cash Equivalents-8.1%20522320119120836654037964384836740847231112152863.0050.0046.0038.0029.00
  Net PPE-10.3%17.0019.0020.0021.0020.0016.0016.0013.0012.0013.0013.0011.0012.0013.0013.0013.0014.0014.0014.0013.0014.00
  Goodwill0%444444444444444444290290290290290105185185185185185185185185185
Liabilities-0.8%1,7731,7871,8081,7751,7711,7791,4641,3881,3771,351679622616608611575192180170152150
  Current Liabilities-2.3%355364368315328339323256260248242204203200207178175163159143141
Shareholder's Equity50.7%17611711278.0079.0066.00325341337340422417410396399394325318319322314
  Retained Earnings9.9%-252-279-272-283-264-252-301-269-259-234-201-189-181-174-163-152-144-139-132-122-118
  Additional Paid-In Capital8.3%429396386364344318626609596573623605590570561548471459452445432
Shares Outstanding0.8%61.0060.0060.0060.0059.0059.0059.0059.0058.0058.0058.0057.0057.0056.0056.0055.0055.0055.0055.0054.0054.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations23.7%97.0079.0056.0052.0045.0052.0080.0073.0077.0075.0055.0048.0036.0035.0030.0026.0021.0017.0016.0014.0013.00
  Share Based Compensation-0.8%80.0080.0076.0074.0071.0067.0066.0063.0059.0055.0050.0045.0042.0037.0034.0031.0026.0023.0021.0018.0018.00
Cashflow From Investing51.1%-105-215-395-245-485-539-506-702-509-146174-183-85.06-226-40810.00-3.82-11.51-15.98-11.76-14.42
Cashflow From Financing170.2%4.00-5.891.005.006.005.0059960160460919.0016.0045745245345316.0013.0015.0011.007.00

BL Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Total revenues$ 144,574$ 128,477$ 283,558$ 248,713
Cost of revenues    
Total cost of revenues37,11632,92372,38763,596
Gross profit107,45895,554211,171185,117
Operating expenses    
Sales and marketing62,74966,000124,680126,027
Research and development26,80227,90253,90753,150
General and administrative(148)14,34528,82843,997
Restructuring costs13501,1490
Total operating expenses89,538108,247208,564223,174
Income (loss) from operations17,920(12,693)2,607(38,057)
Other income (expense)    
Interest income12,5421,71523,2072,233
Interest expense(1,470)(1,457)(2,925)(2,904)
Other income (expense), net11,07225820,282(671)
Income (loss) before income taxes28,992(12,435)22,889(38,728)
Provision for (benefit from) income taxes926(464)1,554(13,326)
Net income (loss)28,066(11,971)21,335(25,402)
Net income (loss) attributable to redeemable non-controlling interest320(121)405(124)
Adjustment attributable to redeemable non-controlling interest(3,103)(1,185)2,089(4,602)
Net income (loss) attributable to BlackLine, Inc.$ 30,849$ (10,665)$ 18,841$ (20,676)
Basic net income (loss) per share attributable to BlackLine, Inc. (in usd per share)$ 0.51$ (0.18)$ 0.31$ (0.35)
Shares used to calculate basic net income (loss) per share (in shares)60,70059,44160,44559,283
Diluted net income (loss) per share attributable to BlackLine, Inc. (in usd per share)$ 0.45$ (0.18)$ 0.30$ (0.35)
Shares used to calculate diluted net income (loss) per share (in shares)71,80159,44171,80159,283
Subscription and support    
Revenues    
Total revenues$ 135,881$ 120,683$ 266,307$ 234,208
Cost of revenues    
Total cost of revenues30,63025,79559,14249,951
Professional services    
Revenues    
Total revenues8,6937,79417,25114,505
Cost of revenues    
Total cost of revenues$ 6,486$ 7,128$ 13,245$ 13,645

BL Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 204,514$ 200,968
Marketable securities (amortized cost of $923,044 and $875,456 at June 30, 2023 and December 31, 2022, respectively)921,737874,083
Accounts receivable, net of allowances of $2,934 and $2,282 at June 30, 2023 and December 31, 2022, respectively129,798150,858
Prepaid expenses and other current assets27,69723,658
Total current assets1,283,7461,249,567
Capitalized software development costs, net36,34932,070
Property and equipment, net17,00919,811
Intangible assets, net80,64590,864
Goodwill443,861443,861
Operating lease right-of-use assets21,27214,708
Other assets92,48492,775
Total assets1,975,3661,943,656
Current liabilities:  
Accounts payable7,89914,964
Accrued expenses and other current liabilities45,15258,600
Deferred revenue, current280,050279,325
Finance lease liabilities, current1,031989
Operating lease liabilities, current4,3945,943
Contingent consideration, current16,5108,000
Total current liabilities355,036367,821
Finance lease liabilities, noncurrent266785
Operating lease liabilities, noncurrent17,8559,292
Convertible senior notes, net1,387,0471,384,306
Contingent consideration, noncurrent2,61033,549
Deferred tax liabilities, net5,6185,568
Deferred revenue, noncurrent643343
Other long-term liabilities3,6416,229
Total liabilities1,772,7161,807,893
Commitments and contingencies (Note 12)
Redeemable non-controlling interest (Note 3)26,28823,895
Stockholders' equity:  
Common stock, $0.01 par value, 500,000,000 shares authorized, 60,947,365 and 60,016,824 issued and outstanding at June 30, 2023 and December 31, 2022, respectively610600
Additional paid-in capital429,320385,709
Accumulated other comprehensive loss(1,529)(1,472)
Accumulated deficit(252,039)(272,969)
Total stockholders' equity176,362111,868
Total liabilities, redeemable non-controlling interest, and stockholders' equity$ 1,975,366$ 1,943,656
Marc E. Huffman
1560
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.