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. 

Type
Public
HQ
Woodland Hills, US
Founded
2001
Size (employees)
726 (est)
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

BlackLine Office Locations

BlackLine has offices in Ede, Sydney, Johannesburg, Singapore 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 Financials

BlackLine's revenue was reported to be $123.12 m in FY, 2016 which is a 47.3% increase from the previous period.
USD

Revenue (Q1, 2018)

51.3 m

Gross profit (Q1, 2018)

39.7 m

Gross profit margin (Q1, 2018), %

77.4%

Net income (Q1, 2018)

(7.2 m)

EBIT (Q1, 2018)

(7.6 m)

Market capitalization (22-Jun-2018)

2.5 b

Closing share price (22-Jun-2018)

46.9

Cash (31-Mar-2018)

30.9 m
BlackLine's current market capitalization is $2.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

51.7 m83.6 m123.1 m

Revenue growth, %

62%47%

Cost of goods sold

16.6 m22.7 m30.2 m

Gross profit

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

Revenue

32.2 m38.6 m42.3 m45.9 m51.3 m

Cost of goods sold

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

Gross profit

24.7 m29.4 m31.9 m35 m39.7 m

Gross profit Margin, %

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

Cash

15.2 m22.1 m

Accounts Receivable

24.2 m42.3 m

Prepaid Expenses

2.8 m6.6 m

Current Assets

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

Cash

19.6 m23.4 m23.5 m24.6 m30.9 m

Accounts Receivable

36.8 m43.9 m43.5 m45.2 m57 m

Prepaid Expenses

4.5 m7.8 m6.9 m6.8 m

Current Assets

68 m162.5 m167.5 m172.7 m186.7 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

13.5 m14.7 m17.4 m

Accounts Payable

810 k1.1 m3.5 m

Cash From Operating Activities

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

Net Income

(6.6 m)(9 m)(19.1 m)(32.2 m)(7.2 m)

Depreciation and Amortization

12.7 m4.8 m9.7 m14.8 m5.4 m

Accounts Payable

8.5 m(3.3 m)(2.5 m)(4.2 m)(929 k)

Cash From Operating Activities

1 m(1.7 m)167 k3.7 m1.8 m
USDY, 2018

Financial Leverage

1.4 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

Embed Graph
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BlackLine News and Updates

Recon Software Market Development in Financial Services, Growth, Demand & Innovation by Key Players | ReconArt, SmartStream, BlackLine, Adra, Fiserv, SAP, Gresham Technologies

HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of Recon Software market. The study covers significant data which makes the research document a handy resource for managers, industry executives and other key people get ready-t…
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