OverviewSuggest Edit
BlackLine is a company providing a cloud-based software platform designed to transform and modernize accounting and finance operations for organizations of all types and sizes. Its secure, scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The platform consists of the following core cloud-based products: transaction matching, account reconciliations, consolidation integrity manager, daily reconciliations, journal entry, variance analysis, task management, and compliance.
| Type | Public | |
| Founded | 2001 | |
| HQ | Los Angeles, CA, US | Map |
| Website | blackline.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Key People/Management at BlackLine
Marc Huffman
Chief Executive Officer
Therese Tucker
Founder and Executive Chair
Mark Partin
Chief Financial Officer
Mark Woodhams
Chief Revenue Officer
Max Solonski
Chief Security Officer
Pete Hirsch
Chief Technology Officer
BlackLine Office Locations
BlackLine has offices in Los Angeles, New York, Melbourne, Sydney and in 9 other locations
Los Angeles, CA, US (HQ)
21300 Victory Blvd 12th Floor, Woodland Hills
New York, NY, US
205 E 42nd St
Melbourne, AU
Level 2
287 Collins Street
Sydney, AU
201 Kent Street Level 6
Vancouver, CA
Guinness Tower, 1055 W Hastings St 18th floor
Neuilly-sur-Seine, FR
127 Avenue Charles de Gaulle
BlackLine Financials and Metrics
BlackLine Revenue
BlackLine's revenue was reported to be $351.74 m in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 351.7m |
Gross profit (FY, 2020) | 282.8m |
Gross profit margin (FY, 2020), % | 80.4% |
Net income (FY, 2020) | (39.4m) |
EBIT (FY, 2020) | (19.9m) |
Market capitalization (22-Sept-2021) | 7.1b |
Closing stock price (22-Sept-2021) | 122.8 |
Cash (31-Dec-2020) | 367.4m |
EV | 7.2b |
BlackLine's current market capitalization is $7.1 b.
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 30.9m | 28.7m | 38.4m | 49.7m | 63.3m | 528.2m | 311.0m | 471.6m | 408.1m |
Accounts Receivable | 57.0m | 61.1m | 63.4m | 72.3m | 79.1m | 81.9m | 90.1m | 98.1m | 91.1m |
Prepaid Expenses | 15.6m | 16.6m | 16.0m | 12.2m | 11.5m | 10.9m | 16.6m | 15.3m | 137.4m |
Current Assets | 186.7m | 192.5m | 204.5m | 219.3m | 235.8m | 689.3m | 720.6m | 739.9m | 754.0m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (7.2m) | (15.6m) | (20.1m) | (8.8m) | (14.2m) | (23.1m) | (11.0m) | (21.2m) | (26.8m) |
Depreciation and Amortization | 5.4m | 10.9m | 16.8m | 5.7m | 11.5m | 16.8m | 4.6m | 9.4m | 14.6m |
Accounts Payable | (929.0k) | (4.9m) | (4.4m) | 826.0k | (1.1m) | (1.6m) | 1.3m | (678.0k) | (4.6m) |
Cash From Operating Activities | 1.8m | 6.5m | 11.3m | 3.0m | 11.6m | 21.5m | 8.5m | 18.1m | 39.9m |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 239.2k |
Financial Leverage | 1.5 x |
BlackLine Operating Metrics
BlackLine's Customers was reported to be 3.2 k in Q3, 2020. BlackLine's Users was reported to be 282.6 k in Q3, 2020.
| FY, 2014 | FY, 2015 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Users | 93.67 k | 128.73 k | 166 k | 170 k | 178 k | 186 k | 196.61 k | 202.1 k | 209.55 k | 214.75 k | 222.62 k | 226.98 k | 236.8 k | 244.52 k | 267.62 k | 271.96 k | 277.43 k | 282.58 k |
Customers | 987 | 1.34 k | 1.7 k | 1.8 k | 1.9 k | 2 k | 2.21 k | 2.3 k | 2.4 k | 2.49 k | 2.63 k | 2.71 k | 2.81 k | 2.87 k | 3.02 k | 3.06 k | 3.14 k | 3.23 k |
Countries | 130 | 130 | 130 | 130 | 130 | 150 | 150 | |||||||||||
Retention Rate | 118% | 120% | 116% | 112% | 110% | 111% | 109% | 108% | 108% | 108% | 109% | 110% | 110% | 108% | 107% |
BlackLine Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Rimilia Holdings Ltd | October 02, 2020 | $150 m |
| Runbook Company B.V. | August 31, 2016 | $34.1 m |
| BlackLine Systems Inc | September 03, 2013 | |
| BlackLine Coöperatief UA | ||
| BlackLine Coop LLC | ||
| BlackLine CV | ||
| BlackLine CV LLC | ||
| BlackLine Intermediate Inc | ||
| BlackLine International BV | ||
| BlackLine KK |
BlackLine Revenue Breakdown
BlackLine revenue breakdown by business segment: 94.3% from Subscription and support and 5.7% from Professional services
BlackLine revenue breakdown by geographic segment: 22.7% from International and 77.3% from United States
BlackLine Cybersecurity Score
BlackLine Online and Social Media Presence
45 Twitter followers
BlackLine has 45 Twitter Followers. The number of followers has decreased 0.5% quarter over quarter
BlackLine's Trends
BlackLine Company Culture
Overall Culture
A-
75/100
CEO Rating
B
70/100
Compensation
A+
100/100
Diversity
B
75/100
BlackLine News and Updates
September 07, 2021
BlackLine Announces Participation in Upcoming Virtual Investor Conference
LOS ANGELES, Sept. 07, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) today announced that BlackLine’s management team will participate in the following virtual investor conference:
July 27, 2021
Nominations Open for 2021 Modern Accounting Awards from Blackline
Annual global awards program to recognize organizations that have embraced modern accounting to drive transformational outcomes LOS ANGELES, July 27, 2021 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) is accepting nominations for its 2021 Modern...
July 08, 2021
BlackLine Announces Date for Second Quarter 2021 Earnings Release and Conference Call
LOS ANGELES, July 08, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2021 after market close on Thursday, August 5, 2021 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m…
May 18, 2021
BlackLine releases intelligent AR product
April 06, 2021
BlackLine Announces Date for First Quarter 2021 Earnings Release and Conference Call
LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2021 after market close on Thursday, May 6, 2021 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. …
April 01, 2021
Rackspace Technology Collaborates with Blackline Safety to Expand Core Infrastructure to Support Rapid Growth and Industrial Contact Tracing Solution
SAN ANTONIO, April 01, 2021 (GLOBE NEWSWIRE) -- Rackspace TechnologyTM (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today its collaboration with Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and connected safety solutions, to help…
BlackLine Blogs
February 24, 2021
How to Unlock Working Capital & Cash Flow From Accounts Receivable Management Processes During the Pandemic
A more strategic and value-driven approach to accounts receivables can keep cash flowing through a business and free up funds for future growth investment.
The post How to Unlock Working Capital & Cash Flow From Accounts Receivable Management Processes During the Pandemic appeared first on Black…
February 22, 2021
Building Resilience in Operational Credit
Most business continuity plans were thrown away in 2020, but the decisions made prior to January of last year have impacted how many organisations have coped since then.
The post Building Resilience in Operational Credit appeared first on BlackLine Magazine.
February 17, 2021
How to Choose Between Robotic Process Automation & Financial Close Automation
Driven by a desire to deliver powerful results, it’s never been more critical for Finance and Accounting to choose the right solution for the right purpose to maximize ROI.
The post How to Choose Between Robotic Process Automation & Financial Close Automation appeared first on BlackLine Magazine…
February 17, 2021
How to Automate Accounting Processes for Manufacturers
For manufacturers, closing the books is a unique and complex process and manual accounting introduces unnecessary risk. Here are four F&A processes ripe for automation.
The post How to Automate Accounting Processes for Manufacturers appeared first on BlackLine Magazine.
February 11, 2021
Why Finance & Accounting Organizations Aren’t as Future-Ready as They Think
There’s a stark disconnect between the promise of a cloud-connected, AI-driven future of Finance and the day-to-day reality of most accounting professionals. Are F&A leaders ready for the future? Do organizations really have the right tech, the right people, and...
The post Why Finance & Acc…
February 10, 2021
How to Do Balance Sheet Account Reconciliation
Balance sheet reconciliation verifies the accuracy of the balance sheet by comparing the numbers on the general ledger to other forms of documentation, to explain any discrepancies.
The post How to Do Balance Sheet Account Reconciliation appeared first on BlackLine Magazine.
BlackLine Frequently Asked Questions
When was BlackLine founded?
BlackLine was founded in 2001.
Who are BlackLine key executives?
BlackLine's key executives are Marc Huffman, Therese Tucker and Mark Partin.
How many employees does BlackLine have?
BlackLine has 1,207 employees.
What is BlackLine revenue?
Latest BlackLine annual revenue is $351.7 m.
What is BlackLine revenue per employee?
Latest BlackLine revenue per employee is $291.4 k.
Who are BlackLine competitors?
Competitors of BlackLine include Trintech, Winshuttle and Kenandy.
Where is BlackLine headquarters?
BlackLine headquarters is located at 21300 Victory Blvd 12th Floor, Woodland Hills, Los Angeles.
Where are BlackLine offices?
BlackLine has offices in Los Angeles, New York, Melbourne, Sydney and in 9 other locations.
How many offices does BlackLine have?
BlackLine has 13 offices.
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