Blackline Safety Future Growth

Future criteria checks 4/6

Blackline Safety is forecast to grow earnings and revenue by 104.8% and 18.5% per annum respectively while EPS is expected to grow by 107.6% per annum.

Key information

104.8%

Earnings growth rate

107.65%

EPS growth rate

Electronic earnings growth	32.3%
Revenue growth rate	18.5%
Future return on equity	n/a
Analyst coverage	Good
Last updated	13 Apr 2026

Recent future growth updates

Recent updates

Analysis Article • May 15

When Should You Buy Blackline Safety Corp. (TSE:BLN)?

While Blackline Safety Corp. ( TSE:BLN ) might not have the largest market cap around , it saw a double-digit share...

Analysis Article • Mar 12

Here's Why We Think Blackline Safety Corp.'s (TSE:BLN) CEO Compensation Looks Fair

Key Insights Blackline Safety will host its Annual General Meeting on 18th of March Salary of CA$414.2k is part of CEO...

Analysis Article • Oct 08

Is Blackline Safety (TSE:BLN) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analysis Article • Sep 13

Blackline Safety Corp. (TSE:BLN) Could Be Riskier Than It Looks

With a median price-to-sales (or "P/S") ratio of close to 3.5x in the Electronic industry in Canada, you could be...

Analysis Article • Mar 18

Blackline Safety Corp. (TSE:BLN) Analysts Are Pretty Bullish On The Stock After Recent Results

The analysts might have been a bit too bullish on Blackline Safety Corp. ( TSE:BLN ), given that the company fell short...

Analysis Article • Jan 04

Is Blackline Safety Corp. (TSE:BLN) Trading At A 46% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Blackline Safety fair value estimate is CA$7.12 Current share...

Analysis Article • Oct 19

Is Blackline Safety (TSE:BLN) Using Debt In A Risky Way?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Analysis Article • Jul 29

Is There An Opportunity With Blackline Safety Corp.'s (TSE:BLN) 48% Undervaluation?

Key Insights Blackline Safety's estimated fair value is CA$7.31 based on 2 Stage Free Cash Flow to Equity Blackline...

Earnings and Revenue Growth Forecasts

TSX:BLN - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2028	272	18	17	37	2
10/31/2027	216	9	11	25	6
10/31/2026	174	-2	-1	9	6
1/31/2026	152	-10	-11	-4	N/A
10/31/2025	150	-9	-15	-9	N/A
7/31/2025	147	-8	-12	-5	N/A
4/30/2025	143	-7	-10	-1	N/A
1/31/2025	139	-8	-10	-1	N/A
10/31/2024	127	-13	-6	2	N/A
7/31/2024	122	-17	-13	-5	N/A
4/30/2024	113	-21	-16	-9	N/A
1/31/2024	105	-24	-23	-15	N/A
10/31/2023	100	-26	-29	-22	N/A
7/31/2023	92	-31	-42	-34	N/A
4/30/2023	86	-40	-56	-48	N/A
1/31/2023	78	-48	-57	-49	N/A
10/31/2022	73	-54	-59	-51	N/A
7/31/2022	70	-53	-58	-50	N/A
4/30/2022	64	-47	-45	-37	N/A
1/31/2022	59	-41	-40	-33	N/A
10/31/2021	54	-33	-34	-29	N/A
7/31/2021	47	-26	-24	-20	N/A
4/30/2021	43	-17	-17	-13	N/A
1/31/2021	40	-11	-14	-10	N/A
10/31/2020	38	-8	-13	-9	N/A
7/31/2020	38	-9	-10	-6	N/A
4/30/2020	36	-10	-12	-7	N/A
1/31/2020	36	-11	-11	-4	N/A
10/31/2019	33	-10	N/A	-5	N/A
7/31/2019	28	-9	N/A	-5	N/A
4/30/2019	25	-9	N/A	-6	N/A
1/31/2019	20	-9	N/A	-8	N/A
10/31/2018	18	-9	N/A	-8	N/A
7/31/2018	17	-9	N/A	-7	N/A
4/30/2018	14	-9	N/A	-9	N/A
1/31/2018	13	-8	N/A	-10	N/A
10/31/2017	12	-9	N/A	-7	N/A
7/31/2017	9	-8	N/A	-8	N/A
4/30/2017	9	-7	N/A	-6	N/A
1/31/2017	8	-7	N/A	-6	N/A
10/31/2016	8	-7	N/A	-7	N/A
7/31/2016	8	-6	N/A	-4	N/A
4/30/2016	8	-6	N/A	-4	N/A
1/31/2016	8	-5	N/A	-3	N/A
10/31/2015	7	-4	N/A	-1	N/A
7/31/2015	7	-4	N/A	-2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3%).

Earnings vs Market: BLN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BLN is expected to become profitable in the next 3 years.

Revenue vs Market: BLN's revenue (18.5% per year) is forecast to grow faster than the Canadian market (4.9% per year).

High Growth Revenue: BLN's revenue (18.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if BLN's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/07 01:01
End of Day Share Price	2026/05/07 00:00
Earnings	2026/01/31
Annual Earnings	2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Blackline Safety Corp. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Martin Toner	ATB Cormark
Donangelo Volpe	Beacon Securities Limited
Gabriel Leung	Beacon Securities Limited

Blackline Safety Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Forecast breakeven date pushed back to 2027

Price target increased by 14% to CA$8.50

Price target increased by 7.2% to CA$6.17

Price target increased by 7.2% to CA$5.78

Price target increased by 7.2% to CA$5.78

Recent updates

Francisco Partners Management, L.P. entered into a definitive arrangement agreement to acquire Blackline Safety Corp. (TSX:BLN) from DAK Capital Inc, Slater, Lowy Family Group, Cody Slater, Brad Gilewich for approximately CAD 780 million.

Blackline Safety Corp Announces Shipping of G8 Connected Safety Wearable

Forecast breakeven date pushed back to 2027

First quarter 2026 earnings released

Blackline Safety Corp. to Report Q1, 2026 Results on Mar 12, 2026

Blackline Safety Corp., Annual General Meeting, Mar 30, 2026

Now 20% undervalued after recent price drop

Blackline Safety Corp. Announces Chief Financial Officer Changes, Effective February 2, 2026

Blackline Safety Corp. Introduces G8

Blackline Safety Corp. to Report Q4, 2025 Results on Jan 15, 2026

Now 22% undervalued after recent price drop

Insufficient new directors

Third quarter 2025 earnings: EPS and revenues miss analyst expectations

Blackline Safety Corp. Unveils New Software Upgrades At National Safety Congress & Expo 2025

Blackline Safety Corp. Appoints Vasi Philomin to Its Board of Directors

Blackline Safety Corp. to Report Q3, 2025 Results on Sep 11, 2025

Now 21% undervalued

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Blackline Safety Corp. to Report Q2, 2025 Results on Jun 11, 2025

When Should You Buy Blackline Safety Corp. (TSE:BLN)?

Chief Operating Officer recently sold CA$65k worth of stock

Chief Operating Officer recently sold CA$65k worth of stock

Board Member exercised options and sold CA$551m worth of stock

Blackline Safety Corp. Announces Changes to Its Board

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Here's Why We Think Blackline Safety Corp.'s (TSE:BLN) CEO Compensation Looks Fair

Blackline Safety Corp. to Report Q1, 2025 Results on Mar 12, 2025

Independent Director recently sold CA$181k worth of stock

Blackline Safety Corp. announced that it has received CAD 19.999999 million in funding from DAK Investments Corp.

Price target increased by 14% to CA$8.50

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Blackline Safety Corp., Annual General Meeting, Mar 18, 2025

New major risk - Revenue and earnings growth

Blackline Safety Corp. to Report Q4, 2024 Results on Jan 16, 2025

Blackline Safety Corp. Unveils Whitepaper on Navigating Radiation Risks for Fire-Hazmat, Safety Workers

Is Blackline Safety (TSE:BLN) Using Debt Sensibly?

Blackline Safety Corp. (TSE:BLN) Could Be Riskier Than It Looks

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Blackline Safety Corp. Announces Next Generation Connected Area Monitor That Advances Gas Detection and Early Threat Identification for Companies and First- Responders

Price target increased by 7.2% to CA$6.17

Blackline Safety Corp. to Report Q3, 2024 Results on Sep 11, 2024

Blackline Safety Corp. Announces Chief Financial Officer Changes

Blackline Safety Corp. Releases New AlertLink Feature to Improve Safety, Enhance Emergency Response

Blackline Safety Appoints Elisa Khuong as Interim CFO

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Price target increased by 7.2% to CA$5.78

New minor risk - Shareholder dilution

Blackline Safety Corp. has completed a Follow-on Equity Offering in the amount of CAD 20.0475 million.

Blackline Safety Corp. to Report Q2, 2024 Results on Jun 13, 2024

Blackline Safety Corp. has filed a Follow-on Equity Offering in the amount of CAD 20.0475 million.

Blackline Safety Corp. announced that it expects to receive CAD 9.999997 million in funding from DAK Investments Corp.

Chief Financial Officer exercised options to buy CA$418k worth of stock.

Price target increased by 7.2% to CA$5.78

Blackline Safety Corp. Announces the Resignation of Shane Grennan as Chief Financial Officer, Effective June 30, 2024

Insufficient new directors

Blackline Safety Corp. (TSE:BLN) Analysts Are Pretty Bullish On The Stock After Recent Results

First quarter 2024 earnings released: CA$0.08 loss per share (vs CA$0.11 loss in 1Q 2023)

Blackline Safety Corp. to Report Q1, 2024 Results on Mar 14, 2024

Price target increased by 8.6% to CA$5.39

Full year 2023 earnings: EPS misses analyst expectations

Blackline Safety Corp., Annual General Meeting, Mar 19, 2024

Blackline Safety Corp. to Report Q4, 2023 Results on Jan 18, 2024

Is Blackline Safety Corp. (TSE:BLN) Trading At A 46% Discount?

Blackline Safety to Introduce New Features for G7 Exo Area Gas Monitor

Is Blackline Safety (TSE:BLN) Using Debt In A Risky Way?

Blackline Safety Corp. Unveils New and Improved Features for G6 Single-Gas Detector

Third quarter 2023 earnings released: CA$0.09 loss per share (vs CA$0.27 loss in 3Q 2022)

Blackline Safety Corp. to Report Q3, 2023 Results on Sep 14, 2023

Is There An Opportunity With Blackline Safety Corp.'s (TSE:BLN) 48% Undervaluation?