BlackLine, Inc. (BL) Income Statement
BL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBL revenue and net income
Where BL's revenue goes
2025Each bar shows an amount and its share of revenue. BL kept 3.5% of revenue as net income.
BL profit margins
BL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.2% | +10.2% | +14.8% | +23.7% |
| Gross profit | +7.2% | +10.2% | +13.3% | +24.1% |
| Operating income | +80.1% | — | — | — |
| Net income | −84.8% | — | — | — |
| EPS (diluted) | +2.3% | +51.8% | +24.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BL quarterly EPS vs estimates
BlackLine beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.25).
BL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700.4M | $653.3M | $590.0M | $522.9M | $425.7M | $351.7M | $289.0M | $227.8M | $177.0M | $123.1M |
| Cost of revenue | $173.6M | $162.0M | $146.8M | $129.4M | $97.9M | $69.0M | $59.0M | $50.9M | $41.5M | $30.2M |
| Gross profit | $526.8M | $491.4M | $443.2M | $393.6M | $327.8M | $282.8M | $230.0M | $176.9M | $135.5M | $92.9M |
| Research & development | $112.4M | $101.0M | $103.2M | $108.9M | $77.3M | $56.5M | $43.0M | $30.8M | $23.9M | $21.1M |
| Sales, general & admin | $375.8M | $370.1M | $314.7M | $337.0M | $289.1M | $246.2M | $214.9M | $176.0M | $146.7M | $105.7M |
| Total operating expenses | $493.4M | $472.8M | $428.9M | $449.8M | $366.4M | $302.7M | $257.9M | $206.8M | $170.6M | $126.8M |
| Operating income | $33.4M | $18.5M | $14.3M | −$56.2M | −$38.6M | −$19.9M | −$27.9M | −$29.8M | −$35.1M | −$33.9M |
| Interest income | $32.8M | $49.8M | $45.3M | $14.6M | $700,000 | $4.5M | $6.1M | $2.1M | $1.1M | $11.8M |
| Interest expense | $10.1M | $8.8M | $5.9M | $5.8M | $62.9M | $23.3M | $8.7M | $4,000 | $13,000 | $5.9M |
| Income before taxes | $48.2M | $124.7M | $60.5M | −$47.4M | −$100.9M | −$38.7M | −$30.4M | −$27.7M | −$37.5M | −$45.7M |
| Income taxes | $21.0M | −$43.1M | $1.4M | −$13.5M | $135,000 | $702,000 | $1.7M | $162,000 | $567,000 | −$6.6M |
| Net income | $24.5M | $161.2M | $52.8M | −$29.4M | −$115.2M | −$46.9M | −$32.5M | −$27.8M | −$38.1M | −$39.2M |
| EBITDA | $105.6M | $183.8M | $116.5M | $1.3M | −$10.8M | $5.5M | −$497,000 | −$5.4M | −$12.9M | −$11.6M |
| EPS (diluted) | $2.24 | $2.19 | $1.95 | $0.64 | $0.58 | $0.76 | $0.38 | $0.12 | −$0.07 | −$0.13 |
| Gross margin | 75.2% | 75.2% | 75.1% | 75.3% | 77.0% | 80.4% | 79.6% | 77.7% | 76.6% | 75.5% |
| Operating margin | 4.8% | 2.8% | 2.4% | −10.7% | −9.1% | −5.7% | −9.7% | −13.1% | −19.8% | −27.6% |
| Net margin | 3.5% | 24.7% | 9.0% | −5.6% | −27.1% | −13.3% | −11.3% | −12.2% | −21.5% | −31.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $187.8M | $183.2M | $183.2M | $178.3M | $172.0M | $166.9M | $169.5M | $165.9M | $160.5M | $157.5M | $155.7M | $150.7M |
| Cost of revenue | $45.1M | $44.0M | $45.7M | $44.4M | $42.6M | $40.9M | $41.4M | $41.1M | $40.3M | $39.1M | $37.6M | $36.8M |
| Gross profit | $142.7M | $139.2M | $137.5M | $133.9M | $129.4M | $126.0M | $128.0M | $124.8M | $120.2M | $118.4M | $118.1M | $113.9M |
| Research & development | $31.3M | $30.6M | $28.2M | $30.6M | $28.0M | $25.7M | $24.6M | $25.6M | $25.7M | $25.0M | $22.6M | $26.7M |
| Sales, general & admin | $99.3M | $100.7M | $94.9M | $96.7M | $92.8M | $91.4M | $97.2M | $90.4M | $91.3M | $91.2M | $81.6M | $79.6M |
| Total operating expenses | $131.7M | $131.2M | $122.8M | $126.3M | $121.9M | $122.4M | $121.8M | $116.4M | $118.0M | $116.6M | $105.3M | $115.0M |
| Operating income | $11.0M | $7.9M | $14.7M | $7.6M | $7.5M | $3.6M | $6.2M | $8.4M | $2.2M | $1.7M | $12.8M | −$1.1M |
| Interest income | $4.1M | $6.1M | $7.2M | $8.2M | $8.6M | $8.9M | $9.4M | $11.0M | $14.1M | $15.4M | $14.8M | $14.0M |
| Interest expense | $2.4M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.7M | $2.1M | $1.5M | $1.5M | $1.5M |
| Income before taxes | $12.8M | $9.8M | $11.5M | $13.3M | $13.6M | $9.9M | $13.1M | $16.7M | $79.3M | $15.6M | $26.2M | $11.5M |
| Income taxes | $3.5M | $5.9M | $5.5M | $4.7M | $6.2M | $4.7M | −$50.4M | $2.1M | $4.3M | $869,000 | $1.9M | −$2.0M |
| Net income | $16.5M | $8.1M | $4.9M | $5.3M | $8.3M | $6.1M | $56.4M | $17.2M | $76.7M | $10.8M | $22.1M | $11.9M |
| EBITDA | $23.4M | $24.5M | $25.9M | $27.5M | $27.6M | $24.0M | $27.7M | $32.3M | $94.0M | $29.8M | $40.5M | $25.9M |
| EPS (diluted) | $0.19 | $0.56 | $0.63 | $0.51 | $0.61 | $0.49 | $0.47 | $0.60 | $0.58 | $0.54 | $0.69 | $0.51 |
| Gross margin | 76.0% | 76.0% | 75.0% | 75.1% | 75.2% | 75.5% | 75.6% | 75.2% | 74.9% | 75.2% | 75.8% | 75.6% |
| Operating margin | 5.9% | 4.3% | 8.0% | 4.3% | 4.4% | 2.1% | 3.7% | 5.0% | 1.4% | 1.1% | 8.2% | −0.7% |
| Net margin | 8.8% | 4.4% | 2.7% | 3.0% | 4.8% | 3.6% | 33.3% | 10.4% | 47.8% | 6.9% | 14.2% | 7.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BL's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BL financial results
In fiscal year 2025 (ended December 31, 2025), BlackLine reported revenue of $700.4 million, up 7.2% from the year before. It had net income of $24.5 million (down 84.8%), a net profit margin of 3.5%. Diluted earnings per share came to $2.24. Over five years revenue grew at an average rate of 14.8% a year.
See the BL stock overview for the latest quote and news, or the BL chart for price history and technical indicators.
BL income statement FAQ
What is BlackLine's annual revenue?
BlackLine reported total revenue of $700.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 7.2% from $653.3 million the previous year.
Is BlackLine profitable?
Yes. BlackLine reported net income of $24.5 million in fiscal 2025, a net profit margin of 3.5%; its operating margin was 4.8%.
What is BlackLine's gross margin?
BlackLine's gross margin was 75.2% in fiscal 2025: for every $100 of revenue, BlackLine kept $75 after the direct cost of its products and services.
How much does BlackLine spend on research and development?
BlackLine spent $112.4 million on research and development in fiscal 2025, 16.1% of revenue.
How fast is BlackLine growing?
Revenue grew 14.8% a year on average over the last five fiscal years, from $351.7 million to $700.4 million.
What are BlackLine's earnings per share?
BlackLine earned $2.24 per diluted share in fiscal 2025, compared with $2.19 a year earlier.
When will BlackLine report its next earnings?
BlackLine is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does BlackLine's fiscal year end?
BlackLine's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.