LOS ANGELES, Feb. 26, 2026 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), the future-ready platform for the Office of the CFO, has announced the winners of its 2025 Global and Regional Partner Awards, celebrating firms that have shown exceptional dedication to customer success, innovation, and transformative growth. This year’s honorees are recognized for their deep expertise, strong collaboration, and commitment to setting new standards of excellence in finance transformation. “Our partners play a vital ...

Core Viewpoint - BlackLine, Inc. is identified as one of the top beaten down software stocks with significant upside potential, despite a recent price target reduction by Morgan Stanley from $73 to $68 while maintaining an Overweight rating [1]. Financial Performance - BlackLine reported Q4 earnings on February 11, with total revenue reaching $183 million and annual recurring revenue at $702 million. The total remaining performance obligations (RPO) amounted to $1.1 billion [2]. - Billings increased by over 9% during the quarter, with a non-GAAP net income of $45 million, reflecting a non-GAAP net income margin of 25% [2]. - The company generated $27 million in operating cash flow and $20 million in free cash flow for the quarter [2]. Share Buybacks and Customer Base - During the quarter, BlackLine repurchased $34 million in shares, bringing the total share buybacks for the year to $235 million [3]. - The company served 4,394 customers during the quarter [3]. Future Outlook - For Q1 FY 2026, BlackLine expects total GAAP revenue to be between $180 million and $182 million, indicating approximately 8% to 9% growth. For the full year 2026, total GAAP revenue is projected to be between $764 million and $768 million, representing approximately 9.1% to 9.6% growth [3]. - The expected non-GAAP operating margin for the same period is projected to be between 23.7% and 24.3% [3]. Company Overview - BlackLine operates as a provider of cloud-based solutions aimed at streamlining and automating accounting and finance operations, offering services such as financial close and consolidation solutions, transaction matching, task management, and financial reporting analytics [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K ______________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37924 ______________________________________ BlackLine ...

Company Overview - BlackLine provides cloud-based software that automates accounting and finance workflows for enterprise and mid-market clients [1][6] - The company operates a SaaS business model, generating recurring revenue primarily through direct sales of subscription-based solutions [9] - As of February 17, 2026, BlackLine's market capitalization is $2.31 billion, with a revenue of $700.43 million and a net income of $24.52 million [4] Recent Developments - On February 17, 2026, Potrero Capital Research disclosed a new position in BlackLine, acquiring 370,557 shares valued at approximately $20.49 million [2][8] - This new stake accounts for 6.9% of Potrero's reportable assets under management (AUM) as of December 31, 2025 [8] - BlackLine shares were priced at $37.34, reflecting a decline of 27.6% over the past year, underperforming the S&P 500 by 39.2 percentage points [8] Financial Performance - In the fourth quarter, BlackLine's revenue rose 8% to $183.2 million, while full-year revenue increased by 7% to $700.4 million [10] - Non-GAAP operating margin expanded to 24.7% in the fourth quarter from 18.1% a year earlier [10] - Remaining performance obligation climbed 23.5% to $1.1 billion, with a dollar-based net revenue retention rate of 105% [10] Future Outlook - Management is guiding for revenue of up to $768 million in 2026 and non-GAAP net income of up to $180 million [11] - The concentrated investment by Potrero Capital Research suggests confidence in BlackLine's potential for margin expansion and growth in bookings [7][11]

Core Viewpoint - BlackLine Inc reported strong earnings for the fourth quarter but provided a weak earnings forecast for the first quarter [1][2]. Group 1: Earnings Performance - The company posted quarterly earnings of 63 cents per share, exceeding the analyst consensus estimate of 59 cents per share [1]. - Quarterly sales reached $183.181 million, surpassing the analyst consensus estimate of $182.976 million [1]. Group 2: First Quarter Forecast - BlackLine expects first-quarter adjusted EPS to be between 44 cents and 46 cents, lower than market estimates of 55 cents [2]. - The company anticipates sales in the range of $180 million to $182 million, compared to the analyst estimate of $181.418 million [2]. Group 3: Stock Performance and Analyst Reactions - Following the earnings announcement, BlackLine shares fell by 5.4%, trading at $41.95 [2]. - Analysts adjusted their price targets for BlackLine, with Cantor Fitzgerald lowering it from $58 to $50, Citigroup from $70 to $60, and DA Davidson from $56 to $45 [3].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - BlackLine (BL) reported revenue of $183.18 million for the quarter ended December 2025, marking an 8.1% year-over-year increase and a slight surprise of +0.13% over the Zacks Consensus Estimate of $182.95 million [1] - The earnings per share (EPS) for the same period was $0.63, compared to $0.47 a year ago, resulting in an EPS surprise of +7.82% against the consensus estimate of $0.58 [1] Financial Performance Metrics - Total customers reached 4,394, slightly below the average estimate of 4,424 based on two analysts [4] - The retention rate was reported at 105%, exceeding the average estimate of 104% from two analysts [4] - Revenue from professional services was $9.95 million, surpassing the four-analyst average estimate of $8.92 million, reflecting a year-over-year increase of 17.5% [4] - Subscription and support revenues totaled $173.23 million, slightly below the average estimate of $174.1 million, with a year-over-year change of 7.6% [4] - Gross profit from professional services was $2.09 million, in line with the two-analyst average estimate of $2.1 million [4] - Gross profit from subscription and support was $135.64 million, compared to the average estimate of $137.45 million from two analysts [4] Stock Performance - Over the past month, BlackLine's shares have returned -25.2%, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Earnings Performance - BlackLine reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.47 per share a year ago, representing an earnings surprise of +7.82% [1] - The company posted revenues of $183.18 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.13%, and an increase from year-ago revenues of $169.46 million [2] Stock Performance - BlackLine shares have declined approximately 22.2% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current Zacks Rank for BlackLine is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $180.98 million, and for the current fiscal year, it is $2.35 on revenues of $760.96 million [7] - The outlook for the Internet - Software industry, where BlackLine operates, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for performance [8]

Financial Data and Key Metrics Changes - Total revenue grew to $183 million, up 8% year-over-year [28] - Subscription revenue increased by 8%, while services revenue grew by 17% due to accelerated customer go-lives and implementations [28] - Annual recurring revenue (ARR) reached $702 million, up nearly 10%, with a 1.5-point benefit from foreign exchange [28] - Remaining performance obligations (RPO) grew 23% to $1.1 billion, with current RPO accelerating to 13% [29] - Non-GAAP operating margin was nearly 25%, and non-GAAP net income margin was 25% [31] Business Line Data and Key Metrics Changes - Strategic products accounted for 33% of sales, with notable demand for intercompany and invoice-to-cash solutions [30] - The attach rate for strategic products remained healthy, reflecting the effectiveness of the go-to-market strategy [30] - The number of customers paying over $1 million in ARR increased by 20% to 85, while those paying over $250,000 rose by 14% [11] Market Data and Key Metrics Changes - SAP customers represented 26% of revenue at the end of the quarter [31] - The company serves approximately 70% of the Fortune 100, up from 50% in 2022, indicating a strong market position [7] Company Strategy and Development Direction - The company is transitioning to a unified, intelligent platform for CFOs, moving away from transactional subscriptions based on seats [6] - A partner-first approach has been adopted, focusing on larger mid-market and mega enterprise customers [6] - The company aims to drive revenue growth back into double digits while expanding operating margins [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's structural strength and the ability to execute the strategy effectively [7] - The company anticipates that lower mid-market headwinds will subside, leading to improved retention profiles in 2026 [10] - Management highlighted the importance of trust, partnership, and innovation in driving customer engagement and deal sizes [10] Other Important Information - The company completed its Google Cloud migration, which is expected to unlock further margin potential [12] - A new category of implementation agents has been released to standardize the engagement process, accelerating time to value for customers [27] Q&A Session Summary Question: Drivers behind RPO and customer adds above $250K - Management attributed the increase in RPO to the multiyear renewal strategy and longer contracts from new customers [37][38] Question: AI strategy and automation potential - Management noted that AI can significantly reduce mundane tasks for accountants, with a focus on demonstrating value and accuracy [39][40][41] Question: Customer adoption of AI - Management indicated that there is strong interest in AI adoption, with customers being cautious about policies and controls [41] Question: Dynamics of platform pricing and spending uplift - Management discussed the positive impact of the platform pricing model on average selling prices and longer-term contracts [38][39]

Financial Data and Key Metrics Changes - Total revenue grew to $183 million, up 8% year-over-year [28] - Subscription revenue increased by 8%, while services revenue grew by 17% due to accelerated customer go-lives and implementations [28] - Annual recurring revenue (ARR) reached $702 million, up nearly 10%, with a 1.5-point benefit from foreign exchange [28] - Remaining performance obligations (RPO) grew 23% to $1.1 billion, with current RPO accelerating to 13% [29] - Non-GAAP operating margin was nearly 25%, with non-GAAP net income margin at 25% [11][31] Business Line Data and Key Metrics Changes - Nearly three-quarters of new bookings leveraged the platform, with strategic products representing 33% of sales [14] - Customers paying over $1 million in ARR increased by 20% to 85, while those paying over $250,000 rose by 14% [11] - The strategic products attach rate remained healthy, contributing to sales growth [30] Market Data and Key Metrics Changes - SAP customers accounted for 26% of revenue at the end of the quarter [30] - The enterprise customer cohort maintained a revenue renewal rate of 95% and a net revenue retention rate of 107% [9] Company Strategy and Development Direction - The company is transitioning to a unified, intelligent platform for CFOs, focusing on larger mid-market and mega enterprise customers [6][7] - A shift to a platform model is changing customer relationships from transactional subscriptions to long-term strategic partnerships [10] - The company aims to drive revenue growth back into double digits while expanding operating margins [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's structural strength and the ability to execute its strategy [7] - The company anticipates that lower mid-market headwinds will subside, improving retention profiles in 2026 [10] - Management highlighted the importance of trust, partnership, and innovation in driving customer investment [10] Other Important Information - The company completed its Google Cloud migration, unlocking further margin potential [12] - A new category of implementation agents has been released to standardize the engagement process, accelerating time to value for customers [26] Q&A Session Summary Question: Drivers behind RPO and customer adds above $250K - Management attributed the increase in RPO to the success of the multiyear renewal strategy and longer contracts from new customers [37][38] Question: AI strategy and automation potential - Management acknowledged the opportunity to automate mundane tasks for accountants and emphasized the importance of demonstrating ROI and reliability in AI solutions [39][40][41] Question: Customer adoption of AI and deal dynamics - Management noted that customers are cautiously adopting AI, focusing on solutions that provide demonstrable value while considering regulatory requirements [44][46] Question: Margin dynamics and expense timing for 2026 - Management explained that Q1 typically has the lowest operating margin due to payroll taxes and sales kickoff costs, with expectations for margin expansion throughout the year [50][51] Question: Shareholder value and governance mechanisms - Management emphasized the board's commitment to fiduciary responsibilities and the importance of delivering performance to benefit shareholders [63][64] Question: Customer feedback and product development - Management highlighted the importance of customer feedback and competitive intelligence in shaping product development and ensuring alignment with market needs [71][73]