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.

TypePublic
Founded2001
HQLos Angeles, CA, US
Websiteblackline.com
Employee Ratings4.3
Overall CultureA-

Latest Updates

Employees (est.) (Sept 2020)1,207(+3%)
Job Openings121
Revenue (FY, 2020)$351.7 M(+22%)
Share Price (Sept 2021)$122.8(+2%)
Cybersecurity ratingBMore

Key People/Management at BlackLine

Marc Huffman

Marc Huffman

Chief Executive Officer
Therese Tucker

Therese Tucker

Founder and Executive Chair
Mark Partin

Mark Partin

Chief Financial Officer
Mark Woodhams

Mark Woodhams

Chief Revenue Officer
Max Solonski

Max Solonski

Chief Security Officer
Pete Hirsch

Pete Hirsch

Chief Technology Officer
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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
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BlackLine Financials and Metrics

BlackLine Revenue

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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
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

177.0m227.8m289.0m351.7m

Revenue growth, %

29%27%

Cost of goods sold

41.5m50.9m59.0m69.0m

Gross profit

135.5m176.9m230.0m282.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

51.3m55.5m58.7m64.1m69.7m74.9m82.6m83.3m90.2m

Cost of goods sold

11.6m11.9m13.5m13.6m14.9m15.3m16.1m16.7m17.0m

Gross profit

39.7m43.6m45.2m50.5m54.7m59.6m66.5m66.5m73.2m

Gross profit Margin, %

77%79%77%79%79%80%81%80%81%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

31.1m46.2m120.2m367.4m

Accounts Receivable

61.6m74.9m102.8m111.3m

Prepaid Expenses

6.1m14.0m12.8m20.2m

Current Assets

194.0m221.5m723.4m674.1m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(38.1m)(27.9m)(32.1m)(46.9m)

Depreciation and Amortization

20.0m22.3m21.3m20.9m

Accounts Payable

(25.0k)(4.0m)3.2m(4.4m)

Cash From Operating Activities

6.4m16.1m29.7m54.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(7.2m)(15.6m)(20.1m)(8.8m)(14.2m)(23.1m)(11.0m)(21.2m)(26.8m)

Depreciation and Amortization

5.4m10.9m16.8m5.7m11.5m16.8m4.6m9.4m14.6m

Accounts Payable

(929.0k)(4.9m)(4.4m)826.0k(1.1m)(1.6m)1.3m(678.0k)(4.6m)

Cash From Operating Activities

1.8m6.5m11.3m3.0m11.6m21.5m8.5m18.1m39.9m
USDFY, 2017

Revenue/Employee

239.2k

Financial Leverage

1.5 x
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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.
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BlackLine Acquisitions / Subsidiaries

Company NameDateDeal Size
Rimilia Holdings LtdOctober 02, 2020$150 m
Runbook Company B.V.August 31, 2016$34.1 m
BlackLine Systems IncSeptember 03, 2013
BlackLine Coöperatief UA
BlackLine Coop LLC
BlackLine CV
BlackLine CV LLC
BlackLine Intermediate Inc
BlackLine International BV
BlackLine KK
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BlackLine Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

BlackLine Online and Social Media Presence

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BlackLine Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    B

    70/100

  • Compensation

    A+

    100/100

  • Diversity

    B

    75/100

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BlackLine News and Updates

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:

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...

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…

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. …

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…
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BlackLine Blogs

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…

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.

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…

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.

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…

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.
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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.