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
Overall CultureB

Latest Updates

Employees (est.) (Sept 2020)1,207(+3%)
Revenue (FY, 2019)$289 M(+27%)
Share Price (Jan 2021)$125.7 (-2%)
Cybersecurity ratingBMore

Key People/Management at BlackLine

Marc Huffman

Marc Huffman

President and Chief Operating Officer, Director
Therese Tucker

Therese Tucker

Founder and Chief Executive Officer, Director
Mark Partin

Mark Partin

Chief Financial Officer
Max Solonski

Max Solonski

Chief Security Officer
Pete Hirsch

Pete Hirsch

Chief Technology Officer
Karole Morgan-Prager

Karole Morgan-Prager

Chief Legal and Administrative 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 $288.98 m in FY, 2019 which is a 26.9% increase from the previous period.
USD

Revenue (Q3, 2020)

90.2m

Gross profit (Q3, 2020)

73.2m

Gross profit margin (Q3, 2020), %

81.2%

Net income (Q3, 2020)

(7.9m)

EBIT (Q3, 2020)

(2.0m)

Market capitalization (15-Jan-2021)

7.2b

Closing stock price (15-Jan-2021)

125.7

Cash (30-Sept-2020)

408.1m

EV

7.2b
BlackLine's current market capitalization is $7.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

177.0m227.8m289.0m

Revenue growth, %

29%27%

Cost of goods sold

41.5m50.9m59.0m

Gross profit

135.5m176.9m230.0m
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, 2019

Cash

31.1m46.2m120.2m

Accounts Receivable

61.6m74.9m102.8m

Prepaid Expenses

6.1m14.0m12.8m

Current Assets

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

Net Income

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

Depreciation and Amortization

20.0m22.3m21.3m

Accounts Payable

(25.0k)(4.0m)3.2m

Cash From Operating Activities

6.4m16.1m29.7m
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

P/E Ratio

(44.9)
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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$34.10 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

81/100

SecurityScorecard logo

BlackLine Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

BlackLine Online and Social Media Presence

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BlackLine Company Culture

  • Overall Culture

    B

    75/100

  • CEO Rating

    A+

    88/100

  • Compensation

    C

    68/100

  • Diversity

    D

    58/100

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BlackLine News and Updates

BlackLine Announces Date for Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

LOS ANGELES, Jan. 12, 2021 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2020 after market close on Thursday, February 11, 2021 followed by a conference call hosted by management at 2:…

BlackLine acquires European AR software provider Rimilia

This buy adds a significant new offering area to BlackLine’s portfolio, which till now has focused on financial close automation.

BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform

Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

BlackLine Announces Participation in Upcoming Virtual Investor Conferences

LOS ANGELES, Sept. 02, 2020 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) today announced that BlackLine’s management team will participate in the following virtual investor conferences:

BlackLine to install new CEO, founder Therese Tucker to step down

She will hand the reins over to Marc Huffman after 20 years at the helm.

BlackLine CEO Therese Tucker, Rare Woman Founder Atop A Public Tech Company, Plans To Step Down

BlackLine CEO Therese Tucker, who plans to move to an executive chair role on January 1, 2021, says: “We need more women CEOs of tech companies... it's disturbing we've made such little progress."
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BlackLine Blogs

UK Finance & Accounting Professionals Have a Crisis of Confidence

Reliance on manual processes is a potential driver for insecurity within UK F&A teams, with 63% reporting extensive use of spreadsheets in their month-end close. The post UK Finance & Accounting Professionals Have a Crisis of Confidence appeared first on BlackLine Magazine.

How to Optimize the Month-End Close Process (with Flowchart)

Integrated cloud-based solutions that address more than one aspect of the close process are helping companies make the move to modern accounting. The post How to Optimize the Month-End Close Process (with Flowchart) appeared first on BlackLine Magazine.

How to Achieve Intercompany Accounting Excellence in a Virtual World

Here are ten ways your F&A teams can begin utilizing technology to streamline and strengthen intercompany accounting at your organization. The post How to Achieve Intercompany Accounting Excellence in a Virtual World appeared first on BlackLine Magazine.

Why Automating Accounts Receivable Is a No Brainer & Time Is the New Currency

The management of cash, the need for working capital, and the realization of profits are now at the forefront for all business leaders. The post Why Automating Accounts Receivable Is a No Brainer & Time Is the New Currency appeared first on BlackLine Magazine.

How Innovative Companies Bridge the Perception Gap

If executives are so removed from the day-to-day experiences of their teams, how can they lead effectively? These strategies can help get everyone on the same page. The post How Innovative Companies Bridge the Perception Gap appeared first on BlackLine Magazine.

Making the Most of Process Automation

In an ideal world, accounting teams have the time to challenge the work they’re doing, rather than having to work as fast as they can to get it done. The post Making the Most of Process Automation 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 $289 m.

  • What is BlackLine revenue per employee?

    Latest BlackLine revenue per employee is $239.4 k.

  • Who are BlackLine competitors?

    Competitors of BlackLine include Trintech, Workday Adaptive Planning and Winshuttle.

  • 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.