BL Stock — Blackline, Inc.

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Feb 9, 2027 Est · unconfirmed · in 12 wks

Q3 2026 earnings call transcript

call held Nov 5, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 6

Quarterly report 10-Q FY2026 Q3, ended Sep 30

Revenue and net income increase for nine months

For the nine months ended September 30, 2026, revenues were $564.4 million and net income attributable to BlackLine, Inc. was $35.2 million. The company acquired NetNow Financial Inc. on September 18, 2026 and had 4,316 customers at September 30, 2026.

Revenue $193.4M ▲ 8.5% Net income $10.62M ▲ 101.0% Diluted EPS $0.18 ▲ 100.0%

Read from the MD&A section

4 source passages

For the nine months ended September 30, 2026 and 2025, we had revenues totaling $564.4 million and $517.2 million, respectively. We generated net income attributable to BlackLine, Inc. of $35.2 million and $19.6 million for the nine months ended September 30, 2026 and 2025, respectively. On September 18, 2026, we acquired NetNow Financial Inc. (“NetNow” and such acquisition, the “NetNow Acquisition”), a provider of AI-enabled business-to-business customer onboarding and credit risk management solutions, to expand our Invoice-to-Cash capabilities. At September 30, 2026, we had 4,316 customers, exclusive of on-premise software. Open the document at this passage

Nov 5

Earnings call

Revenue outlook cut as deal delays weigh

Blackline reported Q3 2026 revenue of $193.4 million, up 8.5%, but cut its 2026 revenue guidance to $759.5 million to $761.5 million as deal delays and lower professional services growth offset strong profitability.

4 source passages

Welcome to the Q3 2026 Blackline Earnings Conference Call. Going a bit deeper on the financials this quarter, total revenue was $193.4 million, up 8.5%, with subscription revenue growth of 9% and professional services revenue growth of 2%. Our revised full-year revenue guide reflects these deal delays and lower services growth. And for the full year, 2026, we now expect total GAAP revenue to be in the range of $759.5 to $761.5 million, representing 8.4% to 8.7% growth. Open the document at this passage

Nov 5

Current report 8-K

Revenue rose 8.5% as third-quarter margin expanded

BlackLine reported third-quarter revenue of $193.4 million, up 8.5%, and GAAP operating margin of 8.6% for the quarter ended September 30, 2026. Full-year GAAP revenue is expected to be $759.5 million to $761.5 million, and the buyback program increased by $100 million.

Financial results

5 source passages

BlackLine, Inc. (Nasdaq: BL), today announced financial results for the third quarter ended September 30, 2026. Total GAAP revenues of $193.4 million, an increase of 8.5% compared to the third quarter of 2025. GAAP operating margin of 8.6%, compared to 4.3% in the third quarter of 2025. Total GAAP revenue is expected to be in the range of $759.5 million to $761.5 million. Announced a $100 million increase to the Company’s stock buyback program. Open the document at this passage

Sep 9

Investor event

Citi 2026 Global TMT Conference AI summary on its way

Aug 5

Quarterly report 10-Q FY2026 Q2, ended Jun 30

Quarterly report for FY2026 Q2 AI summary on its way

Revenue $187.82M ▲ 9.2% Net income $16.48M ▲ 98.8% Diluted EPS $0.27 ▲ 107.7%

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$747.55M

Trailing 12 months

Net income (TTM)

$40.12M

Trailing 12 months

Revenue growth YoY

+8.5%

Year over year

Operating margin

5.5%

Trailing 12 months

P / E (TTM)

45.4

Trailing earnings · reciprocal yield 2.2%

FCF yield

10.5%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

$211.47M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+7.3%

Year over year · more shares

Price change (1Y)

-46.7%

Trailing year

Short interest

7.2%

Latest settlement · 4.0 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲8.8% $169.46M $56.42M '24 Q4* ▲6% $166.93M $6.05M '25 Q1 ▲7.2% $172.03M $8.29M '25 Q2 ▲7.5% $178.29M $5.29M '25 Q3 ▲8.1% $183.18M $4.89M '25 Q4* ▲9.7% $183.16M $8.13M '26 Q1 ▲9.2% $187.82M $16.48M '26 Q2 LATEST ▲8.5% $193.40M $10.62M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 5, 2026

Q3 FY26

TL;DR. BlackLine delivered revenue and subscription growth, expanding non-GAAP operating margin, strong cash generation, rising platform adoption, and major enterprise wins. However, full-year revenue guidance was reduced amid delayed deals, weak agentic-AI consumption, slower professional-services growth, regional delays, and SolEx buyer hesitation.

Bullish

+ Third-quarter revenue increased 8.5%, with subscription revenue growth of 9%.
+ Non-GAAP operating margin expanded to 25.9%, and free cash flow was $58 million.
+ Platform ARR increased to 23% of eligible ARR from 17% last quarter, tracking the full-year target.
+ RPO grew 14% to approximately $1.1 billion, while current RPO grew 10%.
+ BlackLine signed its largest invoice-to-cash deal and added a leading U.S. academic health system.
+ Approximately 3,400 customers had embedded generative AI enabled, and about 2,500 used it in the third quarter.

Bearish

− Full-year 2026 revenue guidance was reduced to $759.5 million to $761.5 million.
− Several seven-figure opportunities that had cleared customer approvals did not close as expected in September.
− Agentic AI consumption revenue was below expectations, and user ads declined.
− Professional-services growth slowed to 2%, with fourth-quarter growth expected at only 3% to 4%.
− Regional expansion slipped because of conflict in the Middle East and delayed public-sector awards.
− SolEx expansion faced buyer hesitation while customers awaited clarity on SAP and Verity AI capabilities.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Sell Momentum Neutral Sentiment Neutral Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −7%

below

Price vs 50-day avg −1%

below

RSI (14) 46

neutral

MACD trend Negative

52-week position 13%

near low

Momentum

relative strength

Neutral

1-month return −1%

trailing

6-month return +2%

trailing

YTD return −47%

this year

Relative strength +2%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $30 › 200d $32 — 200d above 50d

Institutional flow Distributing

222 of 249 funds reported for Sep 30 · net -1.4M sh shares · +34 new

Insider flow Distributing

Net -$2.3M over 90 days · 100% sells

Short interest Falling

7.20% of shares out · ▼ -17.0% MoM · 4.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

249 holders — near 3-yr low, contrarian setup

Squeeze score 52

elevated · 0–100

Fundamentals

Strong

Revenue growth +44%

Y/Y

Gross margin 298%

contracting

EPS growth −73%

Y/Y

Free cash flow $161.5M

Valuation P/E 45.4

in line

Buyback $240.6M

remaining

Quant / Vol

risk profile

Very High

Volatility 59%

annualized · 1-yr

Max drawdown −57%

past year

ATR 5.6%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 8 of last 8

Latest guidance · from the 8-K filed Aug 4, 2026

Total GAAP revenue · Full Year 2026 Maintained $765M – $769M

May 5, 2026 $765M – $769M Aug 4, 2026 $765M – $769M

prior FY $700.43M midpoint +9.5% Y/Y

Non-GAAP operating margin · Full Year 2026 Raised 24.1% – 24.6%

May 5, 2026 24% – 24.5% Aug 4, 2026 24.1% – 24.6%

Non-GAAP net income attributable to BlackLine · Full Year 2026 Raised $177M – $182M

May 5, 2026 $174M – $182M Aug 4, 2026 $177M – $182M

Non-GAAP net income per share attributable to BlackLine · Full Year 2026 Raised $2.47 – $2.54

May 5, 2026 $2.42 – $2.53 Aug 4, 2026 $2.47 – $2.54

Previous outlook earlier release · from the Earnings Call filed May 5, 2026

Still-open targets the latest release did not restate under the same label.

Total gap revenue · full year, 2026 $765M – $769M

Non-GAAP net income per share · full year, 2026 $2.42 – $2.53

Prior guidance period ended · from the 8-K filed Aug 4, 2026

Total GAAP revenue · Third Quarter 2026 $193M – $195M

Non-GAAP operating margin · Third Quarter 2026 24.5% – 25.5%

Non-GAAP net income attributable to BlackLine · Third Quarter 2026 $45M – $47M

Non-GAAP net income per share attributable to BlackLine · Third Quarter 2026 $0.62 – $0.65

Guided vs delivered · last 8 settled

Total GAAP revenue Third Quarter 2026

guided $193M – $195M

guided $193M – $195M $193.4M In line

Total GAAP revenue the second quarter

guided $186M – $188M

guided $186M – $188M $187.82M In line

Total GAAP revenue First Quarter 2026

guided $180M – $182M

guided $180M – $182M $183.16M Beat +1.2%

Total GAAP revenue Fourth Quarter 2025

guided $182M – $184M

guided $182M – $184M $183.18M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 3 · 0

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−7% Bearish

Price vs 50-day avg

−1% Neutral

RSI (14)

46 Neutral

MACD trend

Negative Bearish

52-week position

13% Bearish

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $30 › 200d $32 — 200d above 50d

Institutional flow Distributing

222 of 249 funds reported for Sep 30 · net -1.4M sh shares · +34 new

Insider flow Distributing

Net -$2.3M over 90 days · 100% sells

Short interest Falling

7.20% of shares out · ▼ -17.0% MoM · 4.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

249 holders — near 3-yr low, contrarian setup

Price context

position in its 52-week range

Range low $25 Now $30 · 13% Range high $59

vs 200-day avg -7% vs 50-day avg -1%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Dollar-based net revenue retention rate	102%	the three months ended June 30, 2026 filing	—
Number of customers	4,260	the three months ended June 30, 2026 filing	—
Billings	193M	the second quarter of 2026	—
Diluted non-GAAP net income per share attributable to BlackLine, Inc. non-GAAP	$0.61	Quarter Ended June 30, 2026	—
Free cash flow non-GAAP	36.5M	the second quarter of 2026	—
GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities 44.99M -6.61M Capitalized software development costs -1.92M Purchases of property and equipment = Free cash flow 36.47M
Non-GAAP gross margin non-GAAP	80.4%	Quarter Ended June 30, 2026	—
Non-GAAP net income attributable to BlackLine non-GAAP	42.9M	the second quarter of 2026	—
Non-GAAP operating margin non-GAAP	23.3%	the second quarter of 2026	—
Platform pricing Annual Recurring Revenue (ARR) as a percentage of eligible ARR	17%	June 30, 2026	—
Remaining performance obligation	1.1B	the second quarter of 2026	—
Shares repurchased	1.2M	the second quarter of 2026	—
Total non-GAAP operating income non-GAAP	43.81M	Quarter Ended June 30, 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Application — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
BL Blackline, Inc. this stock	$1.69B	-46.6%	+43.8%	45.4	7.2%
SAP Sap SE	$271.12B	-3.3%	—	—	0.2%
QH QUHUO Ltd	$268.05B	+181.9%	+59.7%	—	0.0%
SHOP Shopify Inc.	$189.23B	-8.6%	+30.1%	89.2	1.5%
CRM Salesforce, Inc.	$179.28B	-17.8%	+25.9%	19.9	3.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

260

% held: 103.8%
Reported: 222 of 249
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

253

View

Short & Settlement

Short Interest Falling

Shares short

4.1M

Days to cover: 4.0d
Change: -842.0K sh

View

Short Volume

Short vol %

49%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

45

Value: $1.3K
As of: Oct 9, 2026

View

Off-Exchange

Off-exchange %

41.5%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$2.3M

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Lisa McClain

Amount: $1.0K–$15.0K
Traded: Oct 31, 2025

View

Financials

Revenue (FY)

$700.4M

Net income (FY): $24.5M
EPS diluted: $0.39

View

Buybacks

Authorized

$600.0M

Remaining: $240.6M

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 6, 2026
This year: 23

For the nine months ended September 30, 2026, revenues were $564.4 million and net income attributable to BlackLine, Inc. was $35.2 million. The company acquired NetNow Financial Inc. on September 18, 2026 and had 4,316 customers at September 30, 2026.

View

Proposed Sales

Value

$2.2M

Shares: 70.0K
Filed: Aug 24, 2026

View

Earnings & Events

Webcasts

Last webcast

Nov 5, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
BL	+14.1%	-0.9%	+2.3%	-12.7%	-46.6%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	+11.5%	+0.3%	+1.8%	-12.5%	-57.2%

BL · Blackline, Inc.

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns