BlackLine (BL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BlackLine

NasdaqGS•Technology•Software - Application

$28.16-0.98(-0.03%)Pre-market

Market Cap

$1.65B

P/E

47.4x

P/S

2.2x

P/B

5.2x

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.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability11/25

Growth13/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality21/25

Strengths

Cash-backed earningsConsistent free cash flowConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 47.4x5y range 19.4x – 324.3x

Currently near its 13-quarter median.

P/S · 2.2x5y range 2.2x – 17.0x

Currently below its 20-quarter median.

P/B · 5.2x5y range 5.2x – 66.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

D/E ratio of 2.1 is elevated and rising. Watch for further debt accumulation.

Price & Volume

Market Cap $1.65B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $732.45M
Q. Revenue: $187.82M
TTM EBITDA: $102.90M
TTM Op. Income: $31.66M
Q. Op. Income: $10.99M
TTM Net Income: $34.78M
Q. Net Income: $16.48M
EPS: $0.28
Shares Out.: $58.53M

$732.45M in TTM revenue grew 8.6% YoY, reaching $187.82M last quarter. TTM EBITDA of $102.90M and TTM operating income of $31.66M show growth is flowing through to the bottom line. TTM net income of $34.78M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 76.0%
EBITDA Margin: 12.4%
Op. Margin: 5.9%
Net Margin: 8.8%

Op. margin of 5.9% is up 1.5% YoY — cost efficiency is improving. Net margin at 8.8% and gross margin of 76.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 33% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 47.4x
P/S Ratio: 2.2x
P/B Ratio: 5.2x

At 47.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.2x and P/B of 5.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.47B
Cash: $242.90M
Long-Term Debt: $667.32M
Book Value: $316.17M
D/E Ratio: 2.1
Debt/EBITDA: 28.5

With $1.47B in assets and $667.32M in long-term debt, D/E is 2.1and book value is $316.17M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 31% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $44.99M
TTM Free Cash Flow: $176.58M
FCF Margin: 24.1%
FCF / Net Income: 5.1

TTM FCF of $176.58M on $44.99M in operating cash flow. The FCF / Net Income ratio of 5.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.