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 | B | More |
Recent NewsAll News
- BlackLine Announces Date for Fourth Quarter and Full Year 2020 Earnings Release and Conference Call
- BlackLine acquires European AR software provider Rimilia
- BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform
- BlackLine Announces Participation in Upcoming Virtual Investor Conferences
Key People/Management at BlackLine
Marc Huffman
President and Chief Operating Officer, Director
Therese Tucker
Founder and Chief Executive Officer, Director
Mark Partin
Chief Financial Officer
Max Solonski
Chief Security Officer
Pete Hirsch
Chief Technology Officer
Karole Morgan-Prager
Chief Legal and Administrative 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 $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
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 |
P/E Ratio | (44.9) |
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 | 202.10 k | 209.55 k | 214.75 k | 222.62 k | 226.98 k | 236.80 k | 244.52 k | 267.62 k | 271.96 k | 277.43 k | 282.58 k |
Customers | 987 | 1.34 k | 1.70 k | 1.80 k | 1.90 k | 2 k | 2.21 k | 2.30 k | 2.40 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 | $34.10 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 Environment, Social & Governance (ESG) Ratings
BlackLine Online and Social Media Presence
BlackLine's Trends
BlackLine Company Culture
Overall Culture
B
75/100
CEO Rating
A+
88/100
Compensation
C
68/100
Diversity
D
58/100
BlackLine News and Updates
January 12, 2021
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:…
October 05, 2020
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.
October 05, 2020
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.
September 02, 2020
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:
August 06, 2020
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.
August 06, 2020
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."
BlackLine Blogs
January 26, 2021
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.
January 25, 2021
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.
January 21, 2021
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.
January 19, 2021
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.
January 19, 2021
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.
January 14, 2021
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.
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.
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