BlackLine (BL) Stock Overview
Provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
BL Community Fair Values
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Analyst Price Targets
BlackLine, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$30.53 |
| 52 Week High | US$59.57 |
| 52 Week Low | US$24.70 |
| Beta | 0.65 |
| 1 Month Change | 0.79% |
| 3 Month Change | 1.67% |
| 1 Year Change | -40.70% |
| 3 Year Change | -41.27% |
| 5 Year Change | -72.02% |
| Change since IPO | 28.82% |
Recent News & Updates
Narrative Update • Aug 06
BL: AI Automation And Control Layer Will Drive Future Upside
For BlackLine, the analyst price target has shifted from about $41.77 to $38.80. Analysts point to updated assumptions on discount rates, revenue growth, profit margins, and future P/E as the main drivers of this revision.Seeking Alpha • Aug 05
BlackLine: 'Buy' As Platform Pricing Takes Root
Summary BlackLine offers a compelling value opportunity after a ~40% YTD decline and industry-low valuation multiples. I advocate rotating into small- and mid-cap value names like BL, especially as investors move away from AI infrastructure trades. BL's Q2 results were healthy, but shares dropped ~5% due to unchanged full-year growth guidance despite improved margin and EPS targets. I reiterate my 'Buy' rating, seeing BL as resilient to AI disruption and poised for a valuation re-rating. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 06
BL: AI Automation And Control Layer Will Drive Future Upside
For BlackLine, the analyst price target has shifted from about $41.77 to $38.80. Analysts point to updated assumptions on discount rates, revenue growth, profit margins, and future P/E as the main drivers of this revision.Seeking Alpha • Aug 05
BlackLine: 'Buy' As Platform Pricing Takes Root
Summary BlackLine offers a compelling value opportunity after a ~40% YTD decline and industry-low valuation multiples. I advocate rotating into small- and mid-cap value names like BL, especially as investors move away from AI infrastructure trades. BL's Q2 results were healthy, but shares dropped ~5% due to unchanged full-year growth guidance despite improved margin and EPS targets. I reiterate my 'Buy' rating, seeing BL as resilient to AI disruption and poised for a valuation re-rating. Read the full article on Seeking Alpha
Narrative Update • Jul 22
BL: New AI Governance Capabilities Will Support Future Shareholder Upside
Analysts have adjusted their price target on BlackLine to approximately $65.25 from $70.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for BlackLine BlackLine opened a new office in Birmingham at 10 Brindleyplace, providing a modern, collaborative workspace to support its growing UK team and reinforcing its commitment to the city as a hub for innovation and growth.
Narrative Update • Jul 01
BL: AI Governance Expansion And Profitability Pressures Will Shape Balanced Outlook
Analysts have reduced their price target for BlackLine to $26. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations.Narrative Update • Jun 17
BL: AI Platform Pricing And Verity Control Layer Will Drive Future Upside
Analysts have reiterated their BlackLine price target at $41.77, with the slight adjustment in the underlying discount rate and future P/E assumptions reflecting refreshed views on the stock's risk profile and valuation framework rather than a change in the headline target. What’s in the News for BlackLine BlackLine executives highlighted that finance and accounting teams are adopting AI cautiously, with a clear focus on accuracy, controls, and predictable economics over experimental use of new tools.Analysis Article • Jun 17
BlackLine (BL) Stock Could Be 32.7% Undervalued After Mixed Earnings Signals
BlackLine (BL) is back in focus after its latest earnings report, where management highlighted better-than-expected revenue and operating leverage, but investors are weighing those positives against slowing customer additions and pressure on billings and margins. See our latest analysis for BlackLine. BlackLine’s latest earnings beat did little to offset a sharp reset in expectations, with the stock down about 47.8% year to date on a share price basis and the 1 year total shareholder return...Narrative Update • Jun 03
BL: AI Initiatives And Larger Buybacks Will Support Stronger Future Returns
Analysts have reset their price target on BlackLine from about $55.23 to roughly $41.77, reflecting updated views on its projected revenue growth, profit margins, and a lower assumed future P/E multiple. What's in the News Issued earnings guidance for Q2 2026, with total GAAP revenue expected between US$186 million and US$188 million.Narrative Update • May 10
BL: AI Operations, Governance Changes And Buybacks Will Shape Balanced Outlook
Analysts have trimmed their price target on BlackLine from $35.00 to $32.00 as updated assumptions incorporate slightly different revenue growth, profit margin, and future P/E expectations. What's in the News BlackLine issued earnings guidance for the first quarter of 2026, with expected total GAAP revenue between $180 million and $182 million, and full year 2026 GAAP revenue guidance between $764 million and $768 million.Narrative Update • Apr 24
BL: AI Agentic Operations Will Unlock Undervalued Upside Over Time
Analysts have reduced their price target on BlackLine from $44.00 to $35.00. They cited updated assumptions around a slightly higher discount rate, a modestly different revenue growth outlook, a small shift in expected profit margins and a lower future P/E multiple.Narrative Update • Apr 10
BL: Share Repurchases And Board Changes Will Support Stronger Future Returns
Analysts have trimmed their BlackLine price target from about $61.83 to $55.23. The revised target reflects updated views on higher discount rates, slightly different revenue growth expectations, a higher projected profit margin, and a lower assumed future P/E multiple.Narrative Update • Mar 26
BL: Expanded Buybacks And Activist Cooperation Will Support Future Shareholder Upside
Analysts have kept BlackLine's price target steady at $70.00, citing small adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E that offset each other in their updated models. What's in the News BlackLine increased its equity buyback authorization by US$100 million to a total of US$500 million as of March 13, 2026, expanding its capacity to repurchase shares (Key Developments).Narrative Update • Mar 11
BL: Activist Board Challenge And Buybacks Will Unlock Undervalued Upside
Analysts have lowered their price target on BlackLine from $48.00 to $44.00, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples in their models. What's in the News BlackLine updated its share repurchase activity, buying 600,000 shares, about 1% of shares, for US$33.8 million between October 1, 2025 and December 31, 2025, bringing total buybacks under the November 19, 2024 authorization to 4,464,000 shares, about 7.22% of shares, for US$235.61 million (company filing).Narrative Update • Feb 25
BL: Activist Board Challenge And Repurchases Will Support Future Shareholder Upside
Analysts have lowered their price target on BlackLine from $73 to $70, citing updated assumptions for revenue growth, profitability and future P/E levels. They still see room for meaningful margins over time.Analysis Article • Feb 17
BlackLine's (NASDAQ:BL) Soft Earnings Are Actually Better Than They Appear
BlackLine, Inc.'s ( NASDAQ:BL ) earnings announcement last week didn't impress shareholders. Despite the soft profit...Narrative Update • Feb 11
BL: Activist Campaign And Board Changes Will Unlock Future Shareholder Upside
Analysts have trimmed their fair value estimate for BlackLine from US$80.00 to US$73.00, citing updated assumptions that include a slightly higher discount rate, a higher revenue growth outlook, a lower profit margin profile, and a higher future P/E multiple. What's in the News Engaged Capital LLC formally submitted a nomination notice on February 2, 2026 to put three director candidates, including Storm Duncan, Christopher Hallenbeck and Christopher L.Narrative Update • Jan 26
BL: Activist Sale Push And Modest Margins Will Constrain Future Returns
Analysts have kept their price target for BlackLine steady at US$48.00. They point to only small updates in assumptions for discount rate, revenue growth, profit margin and future P/E as justification for maintaining their view.Narrative Update • Jan 12
BL: Activist Push For Sale And Modest Margins Will Pressure Shares
Analysts have kept their fair value target for BlackLine steady at US$48.00. This reflects slightly different assumptions around discount rate, revenue growth, profit margin and future P/E that broadly offset one another in their models.Analysis Article • Jan 05
BlackLine (NASDAQ:BL) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Dec 26
BL: Activist Pressure And Modest Profitability Will Weigh On Shares
Analysts have maintained their BlackLine price target at $48.00. This reflects modestly improved assumptions for long-term revenue growth and profitability, which are largely offset by a slightly lower future earnings multiple.Narrative Update • Dec 12
BL: Softer Margins And Higher Risk Will Pressure Share Price
Analysts have modestly lowered their price target on BlackLine to $48.00. This reflects slightly softer expectations for revenue growth and profit margins, along with a small uptick in the assumed discount rate.Analysis Article • Sep 01
Is Now An Opportune Moment To Examine BlackLine, Inc. (NASDAQ:BL)?
While BlackLine, Inc. ( NASDAQ:BL ) might not have the largest market cap around , it saw a decent share price growth...Analysis Article • Jul 24
BlackLine (NASDAQ:BL) Could Easily Take On More Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jun 29
Returns At BlackLine (NASDAQ:BL) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Analysis Article • Jun 17
We Ran A Stock Scan For Earnings Growth And BlackLine (NASDAQ:BL) Passed With Ease
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Feb 18
BlackLine's (NASDAQ:BL) Shareholders Should Assess Earnings With Caution
Strong earnings weren't enough to please BlackLine, Inc.'s ( NASDAQ:BL ) shareholders over the last week. We did some...Seeking Alpha • Feb 13
BlackLine: Worrying Growth Trends (Rating Downgrade)
Summary BlackLine shares slid nearly 20% after the company reported disastrous Q4 results, showing continued deceleration in revenue growth while also suffering large slips in operating margin. The company's FY25 implies growth slowing further to a mere 7-8% range, well below the company's target goal of recovering growth to the mid-teens. BlackLine may be subject to vendor consolidation as its niche finance software faces sharp competition from broader platforms like SAP and Workday. Despite its cheap valuation at <5x forward revenue, BlackLine's consistent deceleration and market challenges lead me to downgrade my rating to a sell. Read the full article on Seeking AlphaAnalysis Article • Feb 02
Returns Are Gaining Momentum At BlackLine (NASDAQ:BL)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Jan 24
BlackLine: On Stronger Footing With Richer Margins (Upgrade)
Summary I'm upgrading BlackLine to a neutral rating, driven by evidence that the company's growth rates are stabilizing. The company recently issued a press release to note that it expects to meet or exceed the high end of its guidance for Q4. BlackLine's strategic shift to the mid-market segment has helped the company focus on spending, leading to large jumps in operating margins and FCF. The stock trades at a reasonable ~20x forward FCF multiple, which balances out its competitive risks. Read the full article on Seeking AlphaAnalysis Article • Jan 20
Is BlackLine (NASDAQ:BL) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 06
Is There Now An Opportunity In BlackLine, Inc. (NASDAQ:BL)?
While BlackLine, Inc. ( NASDAQ:BL ) might not have the largest market cap around , it saw a decent share price growth...Seeking Alpha • Dec 19
BlackLine: Acceleration To Mid-Teens Revenue Growth Is Possible
Summary I reiterate my buy rating for BlackLine due to its potential to accelerate growth to mid-teens, triggering an upward valuation rerating. BL's strategic shift towards larger enterprise customers and the launch of the Studio360 platform are key drivers for achieving mid-teens revenue growth. The new pricing model, allowing unlimited users and consumption-based components, should significantly boost blended pricing as the mix of larger customers grows. Read the full article on Seeking AlphaShareholder Returns
| BL | US Software | US Market | |
|---|---|---|---|
| 7D | 4.2% | 0.8% | 0.6% |
| 1Y | -40.7% | -7.4% | 20.1% |
Return vs Industry: BL underperformed the US Software industry which returned -7.4% over the past year.
Return vs Market: BL underperformed the US Market which returned 20.1% over the past year.
Price Volatility
| BL volatility | |
|---|---|
| BL Average Weekly Movement | 8.6% |
| Software Industry Average Movement | 9.9% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: BL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: BL's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 1,850 | Owen Ryan | www.blackline.com |
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution.
BlackLine, Inc. Fundamentals Summary
| BL fundamental statistics | |
|---|---|
| Market cap | US$1.77b |
| Earnings (TTM) | US$34.78m |
| Revenue (TTM) | US$732.45m |
51.0x
P/E Ratio2.4x
P/S RatioIs BL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BL income statement (TTM) | |
|---|---|
| Revenue | US$732.45m |
| Cost of Revenue | US$178.99m |
| Gross Profit | US$553.46m |
| Other Expenses | US$518.68m |
| Earnings | US$34.78m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.60 |
| Gross Margin | 75.56% |
| Net Profit Margin | 4.75% |
| Debt/Equity Ratio | 196.0% |
How did BL perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/17 18:45 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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, Inc. is covered by 25 analysts. 12 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 |
|---|---|
| Robert Oliver | Baird |
| Daniel Jester | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |