Companies /Technology

BlackLine Inc

NASDAQ: BL Software - Application
$33.72
â–² $2.40 (+7.66%) today
Markets closed · 1:51am ET

Q4 2025 Earnings

Reported Feb 10, 2026, 4:05pm ET · SEC source
$0.63
Beat +7.20%
EPS · est. $0.59
$183.2M
Beat +0.11%
Revenue · est. $183.0M
−11.8%
Trailing market
BL vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Feb 10Feb 11report 4:05pm ETearnings−0.1%−6.7%
−8%−4%0+4%Feb 10Feb 11earnings−0.1%−6.7%
BL −6.7%S&P 500 −0.1%
−8%−4%0+4%Feb 10Feb 11report 4:05pm ETearnings+0.2%−6.7%
−8%−4%0+4%Feb 10Feb 11earnings+0.2%−6.7%
BL −6.7%NASDAQ +0.2%
−18%−12%−6%0Feb 9Feb 18report 4:05pm ETearnings−1.0%−18.5%
−18%−12%−6%0Feb 9Feb 18earnings−1.0%−18.5%
BL −18.5%S&P 500 −1.0%
−18%−12%−6%0Feb 9Feb 18report 4:05pm ETearnings−1.1%−18.5%
−18%−12%−6%0Feb 9Feb 18earnings−1.1%−18.5%
BL −18.5%NASDAQ −1.1%
−5.48%
Day of report
−8.04%
Next session
−11.67%
One week
−15.08%
30 days

S&P 500 over the same 30 days: −3.31%.

Did BL Beat Earnings? Q4 2025 Results

BlackLine closed out fiscal 2025 on a steady note, posting Q4 revenue of $183.18 million, up 8.1% year-over-year and just ahead of the $182.98 million consensus, while non-GAAP earnings per diluted share of $0.63 cleared the $0.59 analyst estimate by 7.20%. The clearest driver behind the earnings beat was a sharp expansion in non-GAAP operating margin, which widened to 24.7% from 18.1% a year ago, reflecting disciplined cost management even as stock-based compensation and restructuring charges weighed on GAAP results. Billings grew 9.5% to $226.90 million and remaining performance obligations surged 23.5% to $1.10 billion, pointing to a healthy forward pipeline that management credited to record bookings and the scaling of its Studio360 platform. Despite those operational positives, the stock has come under pressure, falling sharply in recent months amid mixed analyst sentiment on growth durability. Looking ahead, BlackLine guided full-year 2026 revenue of $764 to $768 million, implying 9% to 9.6% growth, alongside a non-GAAP operating margin of 23.7% to 24.3%.

Key Takeaways
  • Record bookings in Q4 2025
  • 8.1% year-over-year revenue growth driven by subscription and support
  • Non-GAAP operating margin expansion to 24.7% from 18.1% in Q4 2024
  • Remaining performance obligation growth of 23.5% year-over-year to $1.1 billion
  • Dollar-based net revenue retention rate of 105%

“Our fourth-quarter performance, highlighted by record bookings, provides encouraging validation of the strategic transformation we initiated over two years ago.”

BlackLine CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, BlackLine expects total GAAP revenue of $180–$182 million, non-GAAP operating margin of 18.5%–19.5%, and non-GAAP net income of $31–$33 million ($0.44–$0.46 per diluted share on 74.5 million shares). For full year 2026, the company expects total GAAP revenue of $764–$768 million, non-GAAP operating margin of 23.7%–24.3%, and non-GAAP net income of $172–$180 million ($2.37–$2.48 per diluted share on 75.0 million shares).

BL YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$60.0M$120.0M$180.0M$169.5M$183.2MRevenue$128.1M$137.7MGross Profit$6.2M$6.8MOperating Income$56.4M$4.9MNet Income
$0$60.0M$120.0M$180.0MRevenueGross ProfitOperating IncomeNet Income

BL Revenue by Segment

Subscription and Support$173.2M
Professional Services$10.0M

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