Market Summary
USD54.60+1.66
Market Closed3.14%
BL Alerts
BL Stock Price
BL RSI Chart
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BL Price/Sales (Trailing)
BL Profitability
BL Fundamentals
BL Revenue
BL Earnings
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
BL Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for BL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
Which funds bought or sold BL recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
BL Alerts
Schedule 13G FIlings of Blackline
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.4T | 211.9B | -3.06% | 31.92% | 32.56 | 11.12 | 6.88% | -0.52% |
ADBE | 233.9B | 18.4B | -3.36% | 78.67% | 48.18 | 12.69 | 10.40% | -0.72% |
AZPN | - | - | 2.13% | -11.05% | - | - | - | - |
ORCL | 298.6B | 51.0B | -7.48% | 65.97% | 31.85 | 5.86 | 15.41% | 61.40% |
CRM | 201.3B | 33.1B | -1.29% | 37.48% | 127.55 | 6.09 | 14.81% | 194.40% |
ZM | 20.6B | 4.5B | 1.00% | -7.63% | 145.3 | 4.61 | 3.92% | -85.69% |
| MID-CAP | ||||||||
APPN | 3.1B | 506.6M | -9.24% | 0.09% | -19.9 | 6.19 | 20.13% | -27.36% |
MANH | 12.0B | 848.2M | 0.06% | 48.06% | 82.16 | 14.14 | 19.21% | 23.01% |
GWRE | 7.2B | 905.3M | 8.47% | 47.00% | -46.12 | 7.9 | 11.41% | -3.11% |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 415.3M | -12.81% | 12.99% | -6.16 | 2.77 | 11.66% | -68.02% |
YEXT | 776.6M | 403.2M | -26.62% | 38.75% | -32.42 | 1.93 | 0.77% | 74.48% |
UPLD | 130.9M | 309.9M | 46.35% | -51.45% | -0.71 | 0.42 | -0.26% | -219.50% |
Blackline News
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/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.0% | 557,783,000 | 541,686,000 | 522,938,000 | 498,307,000 | 473,441,000 | 447,086,000 | 425,706,000 | 406,090,000 | 386,845,000 | 367,995,000 | 351,737,000 | 336,285,000 | 321,053,000 | 307,445,000 | 288,976,000 | 271,034,000 | 254,843,000 | 240,633,000 | 227,788,000 | 215,489,000 | 202,179,000 |
| Gross Profit | 2.9% | 419,607,000 | 407,703,000 | 393,553,000 | 374,313,000 | 357,436,000 | 340,432,000 | 327,835,000 | 317,009,000 | 305,219,000 | 293,198,000 | 282,765,000 | 271,374,000 | 257,832,000 | 246,023,000 | 230,001,000 | 213,295,000 | 198,879,000 | 187,747,000 | 176,914,000 | 167,553,000 | 156,889,000 |
| S&GA Expenses | -1.3% | 255,515,000 | 258,766,000 | 256,862,000 | 246,777,000 | 231,036,000 | 214,218,000 | 202,620,000 | 191,792,000 | 185,581,000 | 178,225,000 | 174,581,000 | 173,148,000 | 172,408,000 | 167,774,000 | 158,837,000 | 150,610,000 | 140,471,000 | 135,429,000 | 128,808,000 | 119,193,000 | 119,532,000 |
| R&D Expenses | -1.0% | 109,650,000 | 110,750,000 | 108,893,000 | 101,582,000 | 92,704,000 | 83,597,000 | 77,322,000 | 74,652,000 | 70,638,000 | 63,690,000 | 56,464,000 | 48,735,000 | 45,464,000 | 44,446,000 | 43,006,000 | 41,447,000 | 37,150,000 | 34,132,000 | 30,754,000 | 28,035,000 | 26,657,000 |
| EBITDA | -100.0% | - | 24,310,000 | 1,255,000 | -30,817,000 | -12,040,000 | -14,416,000 | -10,786,000 | -2,394,000 | -11,529,000 | -6,208,000 | 5,503,000 | 8,330,000 | 4,167,000 | 6,862,333 | -497,000 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.04 | 0.00 | -0.06 | -0.03 | -0.03 | -0.03 | -0.01 | -0.03 | -0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.00 | - | - | - | - | - | - |
| Interest Expenses | 0.2% | 5,871,000 | 5,858,000 | 5,850,000 | 20,749,000 | 35,377,000 | 49,588,000 | 62,945,000 | 52,553,000 | 42,357,000 | 32,430,000 | 23,311,000 | 22,984,000 | 20,076,000 | 19,113,333 | 8,650,000 | 6,012,000 | - | - | 4,000 | 4,000 | 10,000 |
| Earnings Before Taxes | 152.2% | 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 Margin | 100.0% | - | -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 Income | 132.3% | 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 Margin | 100.0% | - | -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% | - | 67,582,000 | 45,039,000 | 39,111,000 | 30,973,000 | 42,603,000 | 71,364,000 | 63,584,000 | 71,483,000 | 68,266,000 | 48,222,000 | 44,461,000 | 31,345,000 | 30,534,000 | 25,092,000 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.2% | 1,975 | 1,933 | 1,944 | 1,878 | 1,874 | 1,870 | 1,818 | 1,750 | 1,732 | 1,709 | 1,114 | 1,047 | 1,033 | 1,011 | 1,015 | 976 | 524 | 505 | 493 | 475 | 464 |
| Current Assets | 3.3% | 1,284 | 1,243 | 1,250 | 1,177 | 1,172 | 1,171 | 1,348 | 1,301 | 1,287 | 1,267 | 674 | 754 | 740 | 721 | 723 | 689 | 236 | 219 | 222 | 204 | 193 |
| Cash Equivalents | -8.1% | 205 | 223 | 201 | 191 | 208 | 366 | 540 | 379 | 643 | 848 | 367 | 408 | 472 | 311 | 121 | 528 | 63.00 | 50.00 | 46.00 | 38.00 | 29.00 |
| Net PPE | -10.3% | 17.00 | 19.00 | 20.00 | 21.00 | 20.00 | 16.00 | 16.00 | 13.00 | 12.00 | 13.00 | 13.00 | 11.00 | 12.00 | 13.00 | 13.00 | 13.00 | 14.00 | 14.00 | 14.00 | 13.00 | 14.00 |
| Goodwill | 0% | 444 | 444 | 444 | 444 | 444 | 444 | 290 | 290 | 290 | 290 | 290 | 105 | 185 | 185 | 185 | 185 | 185 | 185 | 185 | 185 | 185 |
| Liabilities | -0.8% | 1,773 | 1,787 | 1,808 | 1,775 | 1,771 | 1,779 | 1,464 | 1,388 | 1,377 | 1,351 | 679 | 622 | 616 | 608 | 611 | 575 | 192 | 180 | 170 | 152 | 150 |
| Current Liabilities | -2.3% | 355 | 364 | 368 | 315 | 328 | 339 | 323 | 256 | 260 | 248 | 242 | 204 | 203 | 200 | 207 | 178 | 175 | 163 | 159 | 143 | 141 |
| Shareholder's Equity | 50.7% | 176 | 117 | 112 | 78.00 | 79.00 | 66.00 | 325 | 341 | 337 | 340 | 422 | 417 | 410 | 396 | 399 | 394 | 325 | 318 | 319 | 322 | 314 |
| Retained Earnings | 9.9% | -252 | -279 | -272 | -283 | -264 | -252 | -301 | -269 | -259 | -234 | -201 | -189 | -181 | -174 | -163 | -152 | -144 | -139 | -132 | -122 | -118 |
| Additional Paid-In Capital | 8.3% | 429 | 396 | 386 | 364 | 344 | 318 | 626 | 609 | 596 | 573 | 623 | 605 | 590 | 570 | 561 | 548 | 471 | 459 | 452 | 445 | 432 |
| Shares Outstanding | 0.8% | 61.00 | 60.00 | 60.00 | 60.00 | 59.00 | 59.00 | 59.00 | 59.00 | 58.00 | 58.00 | 58.00 | 57.00 | 57.00 | 56.00 | 56.00 | 55.00 | 55.00 | 55.00 | 55.00 | 54.00 | 54.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 23.7% | 97.00 | 79.00 | 56.00 | 52.00 | 45.00 | 52.00 | 80.00 | 73.00 | 77.00 | 75.00 | 55.00 | 48.00 | 36.00 | 35.00 | 30.00 | 26.00 | 21.00 | 17.00 | 16.00 | 14.00 | 13.00 |
| Share Based Compensation | -0.8% | 80.00 | 80.00 | 76.00 | 74.00 | 71.00 | 67.00 | 66.00 | 63.00 | 59.00 | 55.00 | 50.00 | 45.00 | 42.00 | 37.00 | 34.00 | 31.00 | 26.00 | 23.00 | 21.00 | 18.00 | 18.00 |
| Cashflow From Investing | 51.1% | -105 | -215 | -395 | -245 | -485 | -539 | -506 | -702 | -509 | -146 | 174 | -183 | -85.06 | -226 | -408 | 10.00 | -3.82 | -11.51 | -15.98 | -11.76 | -14.42 |
| Cashflow From Financing | 170.2% | 4.00 | -5.89 | 1.00 | 5.00 | 6.00 | 5.00 | 599 | 601 | 604 | 609 | 19.00 | 16.00 | 457 | 452 | 453 | 453 | 16.00 | 13.00 | 15.00 | 11.00 | 7.00 |
BL Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 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 revenues | 37,116 | 32,923 | 72,387 | 63,596 |
| Gross profit | 107,458 | 95,554 | 211,171 | 185,117 |
| Operating expenses | ||||
| Sales and marketing | 62,749 | 66,000 | 124,680 | 126,027 |
| Research and development | 26,802 | 27,902 | 53,907 | 53,150 |
| General and administrative | (148) | 14,345 | 28,828 | 43,997 |
| Restructuring costs | 135 | 0 | 1,149 | 0 |
| Total operating expenses | 89,538 | 108,247 | 208,564 | 223,174 |
| Income (loss) from operations | 17,920 | (12,693) | 2,607 | (38,057) |
| Other income (expense) | ||||
| Interest income | 12,542 | 1,715 | 23,207 | 2,233 |
| Interest expense | (1,470) | (1,457) | (2,925) | (2,904) |
| Other income (expense), net | 11,072 | 258 | 20,282 | (671) |
| Income (loss) before income taxes | 28,992 | (12,435) | 22,889 | (38,728) |
| Provision for (benefit from) income taxes | 926 | (464) | 1,554 | (13,326) |
| Net income (loss) | 28,066 | (11,971) | 21,335 | (25,402) |
| Net income (loss) attributable to redeemable non-controlling interest | 320 | (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) | 60,700 | 59,441 | 60,445 | 59,283 |
| 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) | 71,801 | 59,441 | 71,801 | 59,283 |
| Subscription and support | ||||
| Revenues | ||||
| Total revenues | $ 135,881 | $ 120,683 | $ 266,307 | $ 234,208 |
| Cost of revenues | ||||
| Total cost of revenues | 30,630 | 25,795 | 59,142 | 49,951 |
| Professional services | ||||
| Revenues | ||||
| Total revenues | 8,693 | 7,794 | 17,251 | 14,505 |
| Cost of revenues | ||||
| Total cost of revenues | $ 6,486 | $ 7,128 | $ 13,245 | $ 13,645 |
BL Balance Sheet
2023-06-30CONDENSED 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) | 921,737 | 874,083 |
| Accounts receivable, net of allowances of $2,934 and $2,282 at June 30, 2023 and December 31, 2022, respectively | 129,798 | 150,858 |
| Prepaid expenses and other current assets | 27,697 | 23,658 |
| Total current assets | 1,283,746 | 1,249,567 |
| Capitalized software development costs, net | 36,349 | 32,070 |
| Property and equipment, net | 17,009 | 19,811 |
| Intangible assets, net | 80,645 | 90,864 |
| Goodwill | 443,861 | 443,861 |
| Operating lease right-of-use assets | 21,272 | 14,708 |
| Other assets | 92,484 | 92,775 |
| Total assets | 1,975,366 | 1,943,656 |
| Current liabilities: | ||
| Accounts payable | 7,899 | 14,964 |
| Accrued expenses and other current liabilities | 45,152 | 58,600 |
| Deferred revenue, current | 280,050 | 279,325 |
| Finance lease liabilities, current | 1,031 | 989 |
| Operating lease liabilities, current | 4,394 | 5,943 |
| Contingent consideration, current | 16,510 | 8,000 |
| Total current liabilities | 355,036 | 367,821 |
| Finance lease liabilities, noncurrent | 266 | 785 |
| Operating lease liabilities, noncurrent | 17,855 | 9,292 |
| Convertible senior notes, net | 1,387,047 | 1,384,306 |
| Contingent consideration, noncurrent | 2,610 | 33,549 |
| Deferred tax liabilities, net | 5,618 | 5,568 |
| Deferred revenue, noncurrent | 643 | 343 |
| Other long-term liabilities | 3,641 | 6,229 |
| Total liabilities | 1,772,716 | 1,807,893 |
| Commitments and contingencies (Note 12) | ||
| Redeemable non-controlling interest (Note 3) | 26,288 | 23,895 |
| 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, respectively | 610 | 600 |
| Additional paid-in capital | 429,320 | 385,709 |
| Accumulated other comprehensive loss | (1,529) | (1,472) |
| Accumulated deficit | (252,039) | (272,969) |
| Total stockholders' equity | 176,362 | 111,868 |
| Total liabilities, redeemable non-controlling interest, and stockholders' equity | $ 1,975,366 | $ 1,943,656 |
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.