Companies /Technology

BlackLine Inc

NASDAQ: BL Software - Application
$32.98
▼ $0.74 (−2.19%) today
Markets closed · 7:11pm ET

Q2 2025 Earnings

Reported Aug 5, 2025, 4:06pm ET · SEC source
$0.51
Beat +0.06%
EPS · est. $0.51
$172.0M
Beat +0.68%
Revenue · est. $170.9M
+2.1%
Beating market
BL vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%+4%Aug 5Aug 6report 4:06pm ETearnings+0.7%+0.1%
0+2%+4%Aug 5Aug 6earnings+0.7%+0.1%
BL +0.1%S&P 500 +0.7%
0+2%+4%Aug 5Aug 6report 4:06pm ETearnings+1.2%+0.1%
0+2%+4%Aug 5Aug 6earnings+1.2%+0.1%
BL +0.1%NASDAQ +1.2%
−8%−4%0+4%Aug 4Aug 13report 4:06pm ETearnings+2.7%−1.5%
−8%−4%0+4%Aug 4Aug 13earnings+2.7%−1.5%
BL −1.5%S&P 500 +2.7%
−8%−4%0+4%Aug 4Aug 13report 4:06pm ETearnings+3.8%−1.5%
−8%−4%0+4%Aug 4Aug 13earnings+3.8%−1.5%
BL −1.5%NASDAQ +3.8%
−4.46%
Day of report
−2.88%
Next session
−1.43%
One week
+4.67%
30 days

S&P 500 over the same 30 days: +2.54%.

Did BL Beat Earnings? Q2 2025 Results

BlackLine posted a narrow but clean beat in Q2 2025, with revenue of $172.03 million rising 7.2% year-over-year and non-GAAP EPS of $0.51 edging past the $0.51 consensus, as disciplined cost management helped lift non-GAAP operating margin to 22.1% from 19.8% a year ago. The margin expansion was the clearest signal of operational progress, with subscription and support revenue accounting for $163.03 million of the top line and billings surging 11% to $182.30 million, reinforcing forward revenue confidence alongside $944.30 million in remaining performance obligations. Dollar-based net revenue retention held at 105%, and the company's strategic pivot, including a new platform pricing model and its first federal agency customer, added texture to the growth story. A planned leadership transition, with co-CEO Therese Tucker moving to a Founder role effective October 1, adds a layer of organizational change heading into the back half. Management guided Q3 revenue of $177 million to $179 million and full-year 2025 revenue of $696 million to $705 million, with full-year non-GAAP EPS expected between $2.13 and $2.24.

Key Takeaways
  • Disciplined go-to-market execution
  • Delivery of Studio360 platform
  • Adoption of new pricing strategy
  • Sharpened industry focus
  • Enhanced partner network
  • 11% year-over-year billings growth to $182.3 million
  • Dollar-based net revenue retention rate of 105%

“Our strong second quarter results demonstrate BlackLine's growing success, which is a direct outcome of our disciplined go-to-market execution and significant progress on the strategic initiatives we outlined last fall. Specifically, the delivery of our Studio360 platform, adoption of our new pricing strategy, sharpened industry focus, and enhanced partner network all played a key role in driving this quarter's performance.”

BlackLine CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, BlackLine expects total GAAP revenue of $177 million to $179 million, non-GAAP operating margin of 20% to 21%, and non-GAAP net income of $36 million to $38 million ($0.48 to $0.51 per diluted share on 77.3 million shares). For full year 2025, total GAAP revenue is expected at $696 million to $705 million, non-GAAP operating margin of 21.5% to 22.5%, and non-GAAP net income of $159 million to $167 million ($2.13 to $2.24 per diluted share on 77.3 million shares).

BL YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$50.0M$100.0M$150.0M$160.5M$172.0MRevenue$120.2M$129.4MGross Profit$2.2M$7.5MOperating Income$76.7M$8.3MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income

BL Revenue by Segment

Subscription and Support$163.0M
Professional Services$9.0M

Figures from SEC filings and company reports. Not investment advice.