BlackLine is a provider of cloud software that automates and controls the entire financial close process. The Company's mission is to modernize the finance and accounting function to enable operational effectiveness and agility. Also it is committed to delivering innovative solutions and services to empower accounting and finance leaders around the world to achieve Modern Finance. 

Employee Rating

3.4More
TypePublic
HQWoodland Hills, US
Founded2001
Size (employees)806 (est)+12%
Websiteblackline.com
BlackLine was founded in 2001 and is headquartered in Woodland Hills, US
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Key People/Management at BlackLine

Therese Tucker

Therese Tucker

Founder and CEO
Mark Partin

Mark Partin

CFO
Tammy Coley

Tammy Coley

Chief Strategy Officer
Mario Spanicciati

Mario Spanicciati

Chief Marketing Officer
Chris Murphy

Chris Murphy

Chief Revenue Officer
Karole Morgan-Prager

Karole Morgan-Prager

Chief Legal and Administrative Officer
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BlackLine Office Locations

BlackLine has offices in Woodland Hills, New York, Alpharetta, Sydney and in 9 other locations
Woodland Hills, US (HQ)
21300 Victory Blvd
Alpharetta, US
100 12600 Deerfield Pkwy
New York, US
E West 205 E 42nd St
Melbourne, AU
40 140 William St
Sydney, AU
26 44 Market St
Vancouver, CA
Guinness Tower 1055 W Hastings St
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BlackLine Financials and Metrics

BlackLine Revenue

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BlackLine's revenue was reported to be $177.03 m in FY, 2017
USD

Revenue (Q3, 2018)

58.7m

Gross profit (Q3, 2018)

45.2m

Gross profit margin (Q3, 2018), %

77%

Net income (Q3, 2018)

(4.5m)

EBIT (Q3, 2018)

(5.0m)

Market capitalization (30-Nov-2018)

2.3b

Closing stock price (30-Nov-2018)

42.9

Cash (30-Sep-2018)

38.4m
BlackLine's current market capitalization is $2.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

51.7m83.6m123.1m177.0m

Revenue growth, %

62%47%

Cost of goods sold

16.6m22.7m30.2m41.5m

Gross profit

35.1m60.9m92.9m135.5m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

32.2m38.6m42.3m45.9m51.3m55.5m58.7m

Cost of goods sold

7.5m9.2m10.4m10.9m11.6m11.9m13.5m

Gross profit

24.7m29.4m31.9m35.0m39.7m43.6m45.2m

Gross profit Margin, %

77%76%75%76%77%79%77%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

15.2m22.1m31.1m

Accounts Receivable

24.2m42.3m

Prepaid Expenses

2.8m6.6m

Current Assets

48.5m163.8m194.0m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

19.6m23.4m23.5m24.6m30.9m28.7m38.4m

Accounts Receivable

36.8m43.9m43.5m45.2m57.0m61.1m63.4m

Prepaid Expenses

4.5m7.8m6.9m6.8m

Current Assets

68.0m162.5m167.5m172.7m186.7m192.5m204.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(16.8m)(24.7m)(39.2m)(38.1m)

Depreciation and Amortization

13.5m14.7m17.4m20.0m

Accounts Payable

810.0k1.1m3.5m(25.0k)

Cash From Operating Activities

8.9m1.0m(4.8m)6.4m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(23.5m)(9.0m)(19.1m)(32.2m)(7.2m)(15.6m)(20.1m)

Depreciation and Amortization

12.7m4.8m9.7m14.8m5.4m10.9m16.8m

Accounts Payable

3.3m(3.3m)(2.5m)(4.2m)(929.0k)(4.9m)(4.4m)

Cash From Operating Activities

1.0m(1.7m)167.0k3.7m1.8m6.5m11.3m
USDY, 2018

Financial Leverage

1.5 x
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BlackLine Operating Metrics

BlackLine's Users was reported to be 186 k in Q3, 2017. BlackLine's Customers was reported to be 2 k in Q3, 2017.
FY, 2014FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017

Users

93.67 k128.73 k166 k170 k178 k186 k

Customers

987 1.34 k1.70 k1.80 k1.90 k2 k

Countries

130 130 130 130 130

Retention Rate

118%120%116%
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BlackLine Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
BlackLine Coop
BlackLine Coöperatief U.A.
BlackLine CV
BlackLine Systems Gmb H
BlackLine Systems Limited
BlackLine Systems Pty Ltd
BlackLine Systems S.a r.l.
Runbook Company BV
Runbook Company B.V.
Runbook International BV
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BlackLine Revenue Breakdown

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BlackLine revenue breakdown by geographic segment: 16.4% from International and 83.6% from United States

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BlackLine Online and Social Media Presence

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BlackLine News and Updates

Blackline Safety to deliver $1.4M in connected gas detection to a major U.S. utility company

Leading West Coast utility company deploys the latest in connected safety, gas detection and data analytics with 24/7 live Blackline monitoring CALGARY, Nov. 30, 2018 /PRNewswire/ - A major utility company in the United States purchased $1.4M of Blackline Safety Corp. (TSXV: BLN)...

BlackLine Platform Enhancements To Be Unveiled At InTheBlack 2018

LAS VEGAS, Nov. 13, 2018 /PRNewswire/ -- INTHEBLACK -- BlackLine, Inc. (Nasdaq: BL), a leading provider of financial automation solutions that enable Continuous Accounting, today announced updates to its flagship cloud platform designed to further enable Finance & Accounting departments...

BlackLine CEO To Deliver Keynote Address At 2018 ACG LA Business Conference

LOS ANGELES, Sept. 25, 2018 /PRNewswire/ -- Therese Tucker, CEO and founder of accounting automation software provider BlackLine, Inc. (Nasdaq: BL), has been invited to deliver a keynote speech today at the 2018 ACG LA Business Conference—described to be the nation's "premier deal flow...

Former Deloitte Advisory CEO Joins BlackLine Board Of Directors

LOS ANGELES, Aug. 13, 2018 /PRNewswire/ -- Owen Ryan, former CEO of Deloitte Advisory, has joined financial automation software provider BlackLine, Inc.'s (Nasdaq: BL) Board of Directors effective Aug. 10th, 2018. Drawing on his extensive market-facing, board room and leadership...
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BlackLine Blogs

How Intercompany Accounting Is Impacting Today’s Organizations

Ernst & Young (EY) is one of the largest professional services and accounting organizations in the world, with network firms that have more than 700 offices in 150 countries. Specializing in assurance, advisory, tax and transaction advisory services, the EY... The post How Intercompany Accountin…

A Unique Solution for the Challenges of Transactional Reconciliations

Within many organizations, there are hundreds of accountants performing detailed transactional reconciliations. And in scenarios like a point of sale system that’s tracking purchases, hundreds of thousands or even millions of transactions are happening daily or monthly. This process is... The post A…

BlackLine Reporting: Above & Beyond

If you’re using BlackLine Reporting for little more than standard income, balance sheet, and cash flow statements, you’re missing out on a world of added value—value that can streamline auditing, reveal hidden business risks, and optimize process tuning. Here’s how BlackLine Reporting... The post Bl…

Will Your 2019 Close Be Any Different?

Another year-end close is upon us. If this year’s close processes are just as tedious, time-consuming, and manual as they were last year, it’s time for a new approach in 2019. The drive to become a strategic partner to the... The post Will Your 2019 Close Be Any Different? appeared first on BlackLin…

Simplifying Compliance for ASC 606 Revenue Recognition With BlackLine

Still top of mind for accounting teams is compliance with ASC 606, the revenue recognition standard for public companies as of December 15, 2017. While the new rules seek to reduce differences among industry-specific accounting procedures, ongoing compliance with ASC... The post Simplifying Complian…

Why Digital Transformation Begins With Data Integrity & Process Excellence

“You have to prove that the numbers are accurate, that the numbers and therefore the automated processes are based on good data. It’s part of the SOX requirement, and it’s central to every accountant’s skill set,” says BlackLine Controller Patrick Villanova. That’s why,... The post Why Digital Trans…
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BlackLine Company Life and Culture

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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 Therese Tucker, Mark Partin and Tammy Coley.

  • How many employees does BlackLine have?

    BlackLine has 806 employees.

  • What is BlackLine revenue?

    Latest BlackLine annual revenue is $177 m.

  • What is BlackLine revenue per employee?

    Latest BlackLine revenue per employee is $219.6 k.

  • Who are BlackLine competitors?

    Competitors of BlackLine include Workiva, Kenandy and Winshuttle.

  • Where is BlackLine headquarters?

    BlackLine headquarters is located at 21300 Victory Blvd, Woodland Hills.

  • Where are BlackLine offices?

    BlackLine has offices in Woodland Hills, New York, Alpharetta, Sydney and in 9 other locations.

  • How many offices does BlackLine have?

    BlackLine has 13 offices.