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Blackline Inc Stock Research

BL

66.15USD+2.19(+3.42%)Market Closed

Market Summary

USD66.15+2.19
Market Closed
3.42%

BL Alerts

BL Stock Price

BL RSI Chart

BL Valuation

Market Cap

4.0B

Price/Earnings (Trailing)

-135.08

Price/Sales (Trailing)

7.59

EV/EBITDA

3.0K

Price/Free Cashflow

88.15

BL Price/Sales (Trailing)

BL Profitability

EBT Margin

-9.07%

Return on Equity

-26.27%

Return on Assets

-1.51%

Free Cashflow Yield

1.13%

BL Fundamentals

BL Revenue

Revenue (TTM)

522.9M

Revenue Y/Y

21.36%

Revenue Q/Q

4.24%

BL Earnings

Earnings (TTM)

-29.4M

Earnings Y/Y

130.54%

Earnings Q/Q

156.47%

Price Action

52 Week Range

48.7379.23
(Low)(High)

Last 7 days

-4.8%

Last 30 days

-12.4%

Last 90 days

-6.3%

Trailing 12 Months

-4.6%

BL Financial Health

Current Ratio

3.4

BL Investor Care

Shares Dilution (1Y)

1.75%

Diluted EPS (TTM)

-0.49

Peers (Alternatives to Blackline)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
-1.92% -6.89%
30.5
10.08
10.38% -5.25%
228.6B
46.1B
-7.20% 4.35%
25.98
4.96
11.29% -14.28%
186.7B
31.4B
6.91% -6.75%
897.78
5.96
19.41% -85.60%
163.2B
17.6B
-11.04% -20.88%
34.32
9.27
11.54% -1.37%
20.9B
4.4B
-7.13% -28.23%
201.15
4.75
7.15% -92.46%
12.1B
-
-3.12% 49.09%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
8.9B
767.1M
-2.98% 9.04%
69.2
11.63
15.59% 16.73%
6.5B
869.9M
3.14% -9.62%
-33
7.53
13.87% -103.37%
3.1B
468.0M
2.00% -15.48%
-20.53
6.62
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
4.07% -32.35%
-9.91
3.24
14.43% -50.89%
1.2B
399.9M
30.95% 57.36%
-14.32
2.91
4.73% 8.15%
152.1M
317.3M
-43.48% -70.17%
-2.22
0.48
5.06% -17.52%

Financials for Blackline

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.9%522,938,000498,307,000473,441,000447,086,000425,706,000
Gross Profit5.1%393,553,000374,313,000357,436,000340,432,000327,835,000
  S&GA Expenses4.1%256,862,000246,777,000231,036,000214,218,000202,620,000
  R&D Expenses7.2%108,893,000101,582,00092,704,00083,597,00077,322,000
EBITDA104.1%1,255,000-30,817,000-12,040,000-14,416,000-
EBITDA Margin103.9%0.00-0.06-0.03-0.03-
Earnings Before Taxes47.0%-47,411,000-89,505,000-80,919,000-93,737,000-100,859,000
EBT Margin49.5%-0.09-0.18-0.17-0.21-
Interest Expenses-71.8%5,850,00020,749,00035,377,00049,588,00062,945,000
Net Income62.2%-29,391,000-77,705,000-71,427,000-86,208,000-115,161,000
Net Income Margin64.0%-0.06-0.16-0.15-0.19-
Free Cahsflow15.2%45,039,00039,111,00030,973,00042,603,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.5%1,9441,8781,8741,8701,818
  Current Assets6.2%1,2501,1771,1721,1711,348
    Cash Equivalents5.5%201191208366540
  Net PPE4.2%21.0020.0016.0016.00-
  Goodwill0%444444444444290
Liabilities1.8%1,8081,7751,7711,7791,464
  Current Liabilities16.9%368315328339323
Shareholder's Equity43.5%11278.0079.0066.00325
  Retained Earnings3.7%-272-283-264-252-301
  Additional Paid-In Capital6.0%386364344318626
Shares Outstanding0.5%60.0060.0059.0059.0059.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations6.9%56.0052.0045.0052.0080.00
  Share Based Compensation1.9%76.0074.0071.0067.0066.00
Cashflow From Investing-61.3%-395-245-485-539-506
Cashflow From Financing-72.1%1.005.006.005.00599

Risks for BL

What is the probability of a big loss on BL?

86.2%


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

69.6%


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

Returns for BL

Cumulative Returns on BL

9.6%


5-Year Cumulative Returns

6.4%


3-Year Cumulative Returns

What are the long-term rolling returns for BL?

FIve years rolling returns for Blackline.

Annualized Returns

Which funds bought or sold BL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-73.46
-879,719
373,281
-%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-1.00
7,142,540
71,061,500
0.07%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-3.48
38,000
493,000
-%
2023-02-28
Voya Investment Management LLC
added
17.19
3,650,730
15,200,700
0.02%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-1.3
17,983
183,983
0.03%
2023-02-22
CVA Family Office, LLC
unchanged
-
4,371
41,371
0.01%
2023-02-21
MACQUARIE GROUP LTD
added
2.1
5,682,000
44,809,000
0.05%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
4,507
4,507
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
unchanged
-
1,196
12,196
-%
2023-02-17
EQUITABLE TRUST CO
sold off
-100
-873,000
-
-%

1–10 of 40

Latest Funds Activity

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

Blackline News

Best Stocks

Unusual Options Activity Detected in Alteryx (NYSE: AYX).

Best Stocks,
93 minutes ago

Yahoo Finance

Nasdaq

Yahoo Finance

Investor's Business Daily

Stocks To Watch: BlackLine Sees RS Rating Jump To 81.

Investor's Business Daily,
18 days ago

Investor's Business Daily

Schedule 13G FIlings of Blackline

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
tucker therese
7.9%
4,694,625
SC 13G/A
Feb 11, 2022
kayne anderson rudnick investment management llc
5.36%
3,141,183
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
Feb 16, 2021
kayne anderson rudnick investment management llc
6.97%
3,988,103
SC 13G/A

BL Fair Value

Blackline fair value in different scenarios

The table shows the Fair Value estimates for Blackline for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.12

-99.82%

1.78

-97.31%

5.33

-91.94%

11.58

-82.49%

17.57

-73.44%
Current Inflation

0.01

-99.98%

1.47

-97.78%

4.54

-93.14%

9.88

-85.06%

14.98

-77.35%
Very High Inflation

-

-

1.10

-98.34%

3.60

-94.56%

7.90

-88.06%

12.00

-81.86%

Historical Blackline Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Blackline

View All Filings
Date Filed Form Type Document
Mar 13, 2023
8-K
Current Report
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 06, 2023
8-K
Current Report
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for BL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
PRAGER MORGAN KAROLE
acquired
-
-
23,060
chief legal and administrative
2023-03-07
Partin Mark
acquired
-
-
34,940
chief financial officer
2023-03-07
HIRSCH PETER
acquired
-
-
17,470
chief technology officer
2023-03-07
Woodhams Mark
acquired
-
-
20,970
chief revenue officer
2023-03-07
Villanova Patrick
acquired
-
-
7,690
chief accounting officer
2023-03-07
Ryan Owen
acquired
-
-
69,880
co-ceo
2023-03-07
Tucker Therese
acquired
-
-
69,880
co-ceo
2023-03-02
Partin Mark
acquired
70,000
14.00
5,000
chief financial officer
2023-03-02
Partin Mark
sold
-350,000
70.00
-5,000
chief financial officer
2023-03-01
Unterman Thomas
sold (taxes)
-18,580
68.31
-272
-

1–10 of 50

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.

BL Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenues$ 522,938$ 425,706$ 351,737
Cost of revenues   
Total cost of revenues129,38597,87168,972
Gross profit393,553327,835282,765
Operating expenses   
Sales and marketing256,862202,620174,581
Research and development108,89377,32256,464
General and administrative80,15586,50771,611
Restructuring costs3,84100
Total operating expenses449,751366,449302,656
Loss from operations(56,198)(38,614)(19,891)
Other income (expense)   
Interest income14,6377004,502
Interest expense(5,850)(62,945)(23,311)
Other income (expense), net8,787(62,245)(18,809)
Loss before income taxes(47,411)(100,859)(38,700)
Provision for (benefit from) income taxes(13,520)135702
Net loss(33,891)(100,994)(39,402)
Net loss attributable to redeemable non-controlling interest (Note 4)(369)(910)(1,349)
Adjustment attributable to redeemable non-controlling interest (Note 4)(4,131)15,0778,858
Net loss attributable to BlackLine, Inc.$ (29,391)$ (115,161)$ (46,911)
Basic net loss per share attributable to BlackLine, Inc. (in usd per share)$ (0.49)$ (1.97)$ (0.83)
Shares used to calculate basic net loss per share (in shares)59,539,00058,351,00056,832,000
Diluted net loss per share attributable to BlackLine, Inc. (in usd per share)$ (0.49)$ (1.97)$ (0.83)
Shares used to calculate diluted net loss per share (in shares)59,539,00058,351,00056,832,000
Subscription and support   
Revenues   
Total revenues$ 491,187$ 398,633$ 328,559
Cost of revenues   
Total cost of revenues102,13271,97947,919
Professional services   
Revenues   
Total revenues31,75127,07323,178
Cost of revenues   
Total cost of revenues$ 27,253$ 25,892$ 21,053

BL Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 200,968$ 539,739
Marketable securities (amortized cost of $875,456 and $658,886 at December 31, 2022 and December 31, 2021, respectively)874,083658,964
Accounts receivable, net of allowances for credit losses of $2,282 and $2,923 at December 31, 2022 and 2021, respectively150,858125,130
Prepaid expenses and other current assets23,65823,855
Total current assets1,249,5671,347,688
Capitalized software development costs, net32,07023,547
Property and equipment, net19,81116,321
Intangible assets, net90,86436,195
Goodwill443,861289,710
Operating lease right-of-use assets14,70816,264
Other assets92,77587,853
Total assets1,943,6561,817,578
Current liabilities:  
Accounts payable14,9647,471
Accrued expenses and other current liabilities58,60050,930
Deferred revenue, current279,325242,429
Finance lease liabilities, current989373
Operating lease liabilities, current5,9434,936
Contingent consideration, current8,00016,438
Total current liabilities367,821322,577
Finance lease liabilities, noncurrent785824
Operating lease liabilities, noncurrent9,29213,248
Convertible senior notes, net1,384,3061,114,239
Contingent consideration, noncurrent33,5494,294
Deferred tax liabilities, net5,5688,175
Deferred revenue, noncurrent343362
Other long-term liabilities6,229124
Total liabilities1,807,8931,463,843
Commitments and contingencies (Note 17)
Redeemable non-controlling interest (Note 4)23,89528,699
Stockholders' equity:  
Common stock, $0.01 par value, 500,000,000 shares authorized, 60,016,824 and 58,984,247 issued and outstanding at December 31, 2022 and 2021, respectively600590
Additional paid-in capital385,709625,883
Accumulated other comprehensive income (loss)(1,472)298
Accumulated deficit(272,969)(301,735)
Total stockholders' equity111,868325,036
Total liabilities, redeemable non-controlling interest, and stockholders' equity$ 1,943,656$ 1,817,578