BlackLine, Inc. (BL) Stock Price & Analysis
BlackLine, Inc. (BL) closed at USD 34.37 on Thursday, October 22, 2026, up 8.90% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 31.56; the Oct 22, 2026 session ranged USD 31.71–34.62 on volume of 1,534,622 shares. Market capitalization is $2.00B, with a 52-week range of USD 24.7–59.57 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BL.md
Key facts (BL)
- Last four reported quarters (through Jun 30, 2026): revenue $732M, net income $34.8M (4.7% margin), free cash flow $177M (SEC filings).
- Valuation: P/E 57.4x (avg 87.2x at the last 3 fiscal year-ends), EV/EBITDA 29.5x, net debt $140M.
- Earnings quality: non-operating income $15.6M vs operating income $31.7M over the last four quarters; P/E excluding non-operating income ≈81.1x (estimate: non-operating income taxed at the company's 35% effective rate).
- 1 of 80 tracked superinvestors hold BL (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $2.4M; 5 not under a Rule 10b5-1 plan ($2.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -34.9% vs S&P 500 +14.9%; 5Y -72.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.63, revenue estimate $194M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $426M | $523M | $590M | $653M | $700M | $732M |
| Gross profit | $328M | $394M | $443M | $491M | $527M | — |
| Operating income | -$38.6M | -$56.2M | $14.3M | $18.5M | $25.6M | $31.7M |
| Net income | -$115M | -$29.4M | $52.8M | $161M | $24.5M | $34.8M |
| EPS (diluted) | -$1.97 | -$0.49 | $0.81 | $1.45 | $0.39 | — |
| Free cash flow | $71.4M | $45.0M | $121M | $189M | $161M | $177M |
| Gross margin | 77.0% | 75.3% | 75.1% | 75.2% | 75.2% | — |
| Operating margin | -9.1% | -10.7% | 2.4% | 2.8% | 3.6% | 4.3% |
| Net margin | -27.1% | -5.6% | 9.0% | 24.7% | 3.5% | 4.7% |
| Revenue growth | +21.0% | +22.8% | +12.8% | +10.7% | +7.2% | — |
| Cash + short-term investments | $1.20B | $1.08B | $1.20B | $886M | $778M | — |
| Total debt | $1.11B | $1.38B | $1.14B | $893M | $666M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BL)
P/E 57.4x · P/E ex non-operating (est.) ≈81.1x · P/S 2.7x · EV/EBITDA 29.5x · EV/Sales 2.9x · P/FCF 11.3x · P/B 6.3x · FCF yield 8.84% · Earnings yield 1.74% · Buyback yield (TTM) 11.57% · Net debt $140M · EV $2.14B
P/E at fiscal year-ends: Dec 2025 148.7x, Dec 2024 27.7x, Dec 2023 85.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (BL)
1 of 80 tracked investors hold BL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Welling | Engaged Capital | 7.19% | $23.2M | Reduced -39.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BL)
1 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-27 | Stalick Michelle D | Chief Accounting Officer | 780 | $26K | 2.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-24 | Tucker Therese | Director | 70,000 | $2.2M | 1.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Yamamoto Mika | Director | 3,000 | $85K | 15.2% | No | Too little history (no open-market trades in 2025) |
| 2026-06-01 | Stalick Michelle D | Chief Accounting Officer | 780 | $24K | 2.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-21 | Hughes Gregory | Director | 1,637 | $50K | 17.4% | Yes (adopted February 19, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-18 | Stalick Michelle D | Chief Accounting Officer | 459 | $14K | 1.2% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BL)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-28 | DA Davidson | Downgrade | Neutral → Underperform | $30 → $23 |
| 2026-08-05 | Cantor Fitzgerald | Reiterated | Neutral | $36 |
| 2026-08-05 | Piper Sandler | Target lowered | Neutral | $37 → $35 |
| 2026-07-21 | Morgan Stanley | Downgrade | Overweight → Equal-Weight | $50 → $33 |
Total return (dividends reinvested) (BL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -34.9% | -72.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -35.0% | -22.8% |
| Volatility (annualized) | 54.1% | 43.3% |
| Max drawdown | -57.1% (Dec 2025→May 2026) | -79.3% (Nov 2021→Jun 2026) |
BL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription and support | $177.9M | 94.7% | +9.1% |
| Professional services | $10.0M | 5.3% | +10.8% |
| Total revenue | $187.8M | 100% | — |
BL revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $126.4M | 67.3% | +6.0% |
| International | $61.4M | 32.7% | +16.4% |
| Total revenue | $187.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Microsoft (MSFT) | “We rely on Google Cloud Platform ("GCP"), Microsoft Azure ("Azure"), Amazon Web Services ("AWS"), Snowflake, and third-party data centers (collectively, "public cloud providers") to deliver our cloud-based software solutions, and any disruption of our use of public cloud providers could negatively impact our operations and harm our business.” |
| Supplier | Amazon (AMZN) | “We rely on Google Cloud Platform ("GCP"), Microsoft Azure ("Azure"), Amazon Web Services ("AWS"), Snowflake, and third-party data centers (collectively, "public cloud providers") to deliver our cloud-based software solutions, and any disruption of our use of public cloud providers could negatively impact our operations and harm our business.” |
| Supplier | Alphabet (Google) (GOOGL) | “We rely on Google Cloud Platform ("GCP"), Microsoft Azure ("Azure"), Amazon Web Services ("AWS"), Snowflake, and third-party data centers (collectively, "public cloud providers") to deliver our cloud-based software solutions, and any disruption of our use of public cloud providers could negatively impact our operations and harm our business.” |
| Supplier | Snowflake (SNOW) | “We rely on Google Cloud Platform ("GCP"), Microsoft Azure ("Azure"), Amazon Web Services ("AWS"), Snowflake, and third-party data centers (collectively, "public cloud providers") to deliver our cloud-based software solutions, and any disruption of our use of public cloud providers could negatively impact our operations and harm our business.” |
| Customer | SAP (SAP) | “Our direct sales force leverages relationships with technology vendors, such as Workday, SAP, and Microsoft, professional services firms, such as Accenture, Deloitte, and Ernst & Young, and business process outsourcers, such as CapGemini, GenPact, and RSM to influence and drive customer growth.” |
| Customer | Deloitte Touche Tohmatsu | “Our direct sales force leverages relationships with technology vendors, such as Workday, SAP, and Microsoft, professional services firms, such as Accenture, Deloitte, and Ernst & Young, and business process outsourcers, such as CapGemini, GenPact, and RSM to influence and drive customer growth.” |
| Customer | Workday, Inc. (WDAY) | “Our direct sales force leverages relationships with technology vendors, such as Workday, SAP, and Microsoft, professional services firms, such as Accenture, Deloitte, and Ernst & Young, and business process outsourcers, such as CapGemini, GenPact, and RSM to influence and drive customer growth.” |
| Customer | Accenture (ACN) | “Our direct sales force leverages relationships with technology vendors, such as Workday, SAP, and Microsoft, professional services firms, such as Accenture, Deloitte, and Ernst & Young, and business process outsourcers, such as CapGemini, GenPact, and RSM to influence and drive customer growth.” |
Quoted from the company's 10-K filed Feb 26, 2026.
BL company outlook (results filed Aug 4, 2026)
- “Third Quarter 2026 Total GAAP revenue is expected to be in the range of $193 million to $195 million.”
- “Non-GAAP operating margin is expected to be in the range of 24.5% to 25.5%.”
- “Non-GAAP net income attributable to BlackLine is expected to be in the range of $45 million to $47 million, or $0.62 to $0.65 per share on 74.5 million diluted weighted average shares outstanding.”
- “Full Year 2026 Total GAAP revenue is expected to be in the range of $765 million to $769 million.”
Analysts expect $194.2M for the current quarter, in line with the midpoint of the company's guidance ($194.0M).
Quoted word-for-word from the SEC 8-K results press release.
BL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.63 | $0.64 | -1.5% | $194.2M | 12 |
| Next quarter (ends Dec 2026) | $0.69 | $0.71 | -1.7% | $201.8M | 12 |
| Current fiscal year (ends Dec 2026) | $2.49 | $2.48 | +0.6% | $766.8M | 12 |
| Next fiscal year (ends Dec 2027) | $2.76 | $2.80 | -1.3% | $846.7M | 12 |
Key Statistics (as of October 23, 2026 at 10:01 UTC)
| Price | USD 34.37 |
|---|---|
| Change | ▲ 8.90% (up) |
| Previous Close | USD 31.56 |
| Open | USD 31.71 |
| Day Range | USD 31.71 – 34.62 |
| 52-Week Range | USD 24.7 – 59.57 |
| Volume | 1,534,622 shares |
| Market Cap | $2.00B |
| Exchange | NMS |
Technical Analysis (BL)
Nexqual's technical model rates BL "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.49 (neutral) |
| vs SMA50 | Above (USD 29.94) |
| MACD | 0.78 (positive) |
Earnings (BL)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.63 |
| Revenue Estimate | $194.16M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.73 vs est 0.57 ▲ beat |
| 2026-03-31 | USD 0.56 vs est 0.45 ▲ beat |
| 2025-12-31 | USD 0.63 vs est 0.59 ▲ beat |
| 2025-09-30 | USD 0.51 vs est 0.51 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Financials & Fundamentals (BL)
| Total Revenue | $732.45M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.20% |
| Gross Margin | +75.56% |
| Operating Margin | +6.45% |
| Profit Margin | +4.75% |
| ROE | +7.03% |
| Debt / Equity | 2.03 |
| Current Ratio | 1.72 |
| Total Cash | $527.76M |
| Total Debt | $690.74M |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Ownership (BL)
| Insider Ownership | +9.46% |
|---|---|
| Institutional Ownership | +106.80% |
| Shares Outstanding | 58.13M |
| Float | 43.92M |
| Short % of Float | +14.25% |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
From BlackLine, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- BlackLine Cash Application drives an automated, end-to-end process using intelligent automation to help customers accurately apply payment receipts in the bank to customers' invoices in an ERP.
- SolEx allows us to provide the highest level integration with SAP ERP solutions.
- Our platform integrates with the leading ERP systems offered by Workday, Inc., SAP SE ("SAP"), Oracle Corporation, Microsoft Dynamics 365 ("Microsoft Dynamics"), an application offered by Microsoft Corporation ("Microsoft"), Sage Intacct, Inc., and NetSuite, Inc.
- By seamlessly integrating with ERP systems and other data sources, our solutions eliminate manual work, prevent errors, and free up teams to focus on strategic activities; •Holistic Financial Operations Management: Our Studio360 platform provides a unified environment for the Office of the CFO by integrating data, orchestrating end-to-end workflows across disparate systems, and AI-powered visibility.
Partnerships
- Since 2018, we have partnered with SAP, incorporating them into the reseller channel that we use in the ordinary course of business.
- We define a customer as an entity with an active subscription agreement as of the measurement date.
Legal & Regulatory Risks (Item 1A, quoted)
- Privacy and cybersecurity concerns, customer expectations, and evolving domestic or foreign laws and regulations, including increased regulation of cloud offerings and restrictions of cross-border data transfers, may limit or reduce the adoption of our services, result in significant costs and compliance challenges, and adversely affect our business.
- We are subject to governmental export and import controls that could impair our ability to compete in international markets due to licensing requirements and subject us to liability if we are not in full compliance with applicable laws.
- Changes in laws and regulations related to the internet and cloud computing or changes to internet infrastructure may diminish the demand for our solutions and could have a negative impact on our business.
- Changes in laws or regulations that adversely affect the growth, popularity, or use of the internet, including laws impacting net neutrality or requiring payment of network access fees, could decrease the demand for our service and increase our cost of doing business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| APPF | AppFolio, Inc. | USD 217.33 | ▲ 0.06% |
| DSGX | The Descartes Systems Group Inc | USD 94 | ▲ 1.74% |
| TTAN | ServiceTitan, Inc. | USD 85.2 | ▲ 3.5% |
| IDCC | InterDigital, Inc. | USD 332.06 | ▼ 0.78% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.35 | ▼ 1.76% |
| PCOR | Procore Technologies, Inc. | USD 62.29 | ▲ 2.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt