BlackLine, Inc.

BLUS

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. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization’s intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. The company was incorporated in 2001 and is headquartered in Woodland Hills, California.

Founded2001IPO year2016As of2026-08-04
Market Cap
$1.92B
Enterprise Value
$2.08B
EV / LTM Revenue
3.0x
EV / NTM Revenue
2.6x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
2.6x
Gross Profit
3.4x
EBITDA
6.3x
Classification
Sector
Application Software
Sub-sector
Finance, ERP & Procurement Applications
Listing
BL
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY23%13%11%7%9%11%
Revenue$426M$523M$590M$653M$700M$766M$850M
Gross Profit$328M$394M$443M$491M$527M
Gross Profit Margin77.0%75.3%75.1%75.2%75.2%
EBITDA($7M)$1M$117M$184M$105M$309M$342M
EBITDA Margin-1.7%0.2%19.7%28.1%15.0%40.3%40.3%
EBIT($39M)($56M)$14M$19M$33M$260M$288M
Net Income($115M)($29M)$53M$161M$25M$177M$207M
Free Cash Flow$57M$26M$108M$176M$141M
FCF Margin13.3%4.9%18.4%27.0%20.1%
Short-Term Debt$0M$0M$249M$0M$234M
Long-Term Debt$1.11B$1.38B$1.14B$893M$686M
Cash & Cash Equivalents$540M$201M$271M$886M$390M
Net Debt$575M$1.18B$1.12B$7M$530M
Net Debt / EBITDA942.9x9.6x0.0x5.1x
Rule of 4027.8%31.2%37.7%27.3%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.