EXHIBIT 99.1 BlackLine Announces Second Quarter Financial Results LOS ANGELES, Aug. 06, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced financial results for the second quarter ended June 30, 2024. "BlackLine delivered solid results this quarter, exceeding our revenue and profitability expectations, while continuing to generate robust free cash flow," said Owen Ryan, co-CEO of BlackLine. "Our teams are relentlessly pursuing higher levels of operational excellence, aligned to our strat ...

LOS ANGELES, Aug. 06, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced financial results for the second quarter ended June 30, 2024. "BlackLine delivered solid results this quarter, exceeding our revenue and profitability expectations, while continuing to generate robust free cash flow," said Owen Ryan, co-CEO of BlackLine. "Our teams are relentlessly pursuing higher levels of operational excellence, aligned to our strategy and driven by our customer-focused operating model." "Our comm ...

About BlackLine Nearly 4,400 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and is recognized as the leader by customers at leading end-user review sites including G2 and TrustRadius. BlackLine is a global company with operations in major business centers including Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Sydney, Bangalore, and Singapore. For more information, vi ...

About BlackLine Investor Relations Contact: Matt Humphries, CFA matt.humphries@blackline.com LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2024 after market close on Tuesday, August 6, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blacklin ...

BlackLine may redeem the notes, at its option, on or after June 5, 2027 if (i) the notes are "freely tradable" (as defined in the indenture governing the notes) and any accrued and unpaid additional interest has been paid as of the date BlackLine sends the related redemption notice and (ii) the last reported sale price of BlackLine's common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading-day perio ...

The notes will be senior unsecured obligations of BlackLine and will accrue interest payable semiannually in arrears. The notes will mature on June 1, 2029, unless earlier converted, repurchased or redeemed. The notes will be convertible into cash, shares of BlackLine's common stock ("common stock") or a combination of cash and shares of BlackLine's common stock, at BlackLine's election. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the ...

LOS ANGELES, May 21, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced that it intends to offer, subject to market conditions and other factors, $500,000,000 aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). BlackLine also intends to grant the initial purchaser of the notes a 13-day option to purchase up to an add ...

Digital finance transformation leader is the only company recognized for both Invoice to Cash and Record to Report in 2024 ISG Provider Lens™ study LOS ANGELES, May 13, 2024 /PRNewswire/ -- Global technology research and advisory firm Information Services Group (ISG) has named BlackLine, Inc. (Nasdaq: BL) a leader in two categories – Invoice to Cash (I2C) and Record to Report (R2R) – in its latest Provider Lens™ study that assesses platform providers for their ability to help businesses transform and manage ...

Part I. Financial Information [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) For the quarter ended March 31, 2024, BlackLine, Inc. reported total revenues of $157.5 million, a 13% increase year-over-year, achieving net income of $10.8 million from a prior year net loss Condensed Consolidated Statements of Operations (Unaudited) | Financial Metric | Q1 2024 (in thousands) | Q1 2023 (in thousands) | | :--- | :--- | :--- | | **Total Revenues** | **$157,461** | **$138,984** | | Gross Profit | $118,364 | $103,713 | | Income (Loss) from Operations | $1,748 | $(15,313) | | **Net Income (Loss) Attributable to BlackLine, Inc.** | **$10,829** | **$(12,008)** | | Diluted Net Income (Loss) per Share | $0.17 | $(0.20) | Condensed Consolidated Balance Sheets Highlights (Unaudited) | Balance Sheet Item | March 31, 2024 (in thousands) | December 31, 2023 (in thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | $331,401 | $271,117 | | Marketable securities | $913,453 | $933,355 | | **Total Assets** | **$2,088,885** | **$2,100,765** | | Convertible senior notes, net | $1,391,226 | $1,389,841 | | **Total Liabilities** | **$1,775,151** | **$1,809,821** | | Total Stockholders' Equity | $279,834 | $260,881 | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Q1 2024 (in thousands) | Q1 2023 (in thousands) | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$50,425** | **$22,867** | | Net cash provided by investing activities | $20,990 | $8,999 | | Net cash used in financing activities | $(10,925) | $(10,233) | | Net increase in cash, cash equivalents, and restricted cash | $60,278 | $21,592 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported a 13% year-over-year revenue increase to $157.5 million for Q1 2024, driven by a 4% rise in customers and a 5% increase in users, achieving GAAP operating income of $1.7 million while maintaining a strong liquidity position despite economic uncertainty - Revenue growth was primarily driven by an increase in the number of customers and users, with totals reaching **4,411** and **387,050**, respectively, at the end of Q1 2024[154](index=154&type=chunk)[181](index=181&type=chunk) Key Business Metrics | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Dollar-based net revenue retention rate | 105% | 106% | | Number of customers | 4,411 | 4,236 | | Number of users | 387,050 | 369,493 | - The company has observed customers delaying and deferring purchasing decisions due to economic uncertainty, which has adversely impacted near-term demand[40](index=40&type=chunk)[146](index=146&type=chunk) - The company's principal sources of liquidity as of March 31, 2024, were an aggregate of **$1.2 billion** in cash, cash equivalents, and marketable securities[190](index=190&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks primarily from interest rates, foreign currency fluctuations, and inflation, affecting its $1.4 billion in convertible senior notes and international operations, without current hedging strategies - The company has **$1.4 billion** in aggregate principal of convertible senior notes with fixed interest rates, but their fair value is exposed to interest rate risk and fluctuations in the company's stock price[190](index=190&type=chunk)[202](index=202&type=chunk) - The company transacts in multiple foreign currencies and is exposed to foreign currency risk. A hypothetical 10% change in foreign currency exchange rates would have impacted cash balances by approximately **$3.4 million** as of March 31, 2024[229](index=229&type=chunk) - The company does not currently use derivative instruments to hedge against interest rate or foreign currency risks[229](index=229&type=chunk)[247](index=247&type=chunk) [Item 4. Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on an evaluation as of March 31, 2024, the company's principal executive and financial officers concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - Management, including the principal executive and financial officers, evaluated the effectiveness of disclosure controls and procedures and concluded they were effective as of March 31, 2024[250](index=250&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended March 31, 2024, that have materially affected, or are reasonably likely to materially affect, internal controls[252](index=252&type=chunk) Part II. Other Information [Item 1. Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) As of the report date, BlackLine is not a party to any litigation that is reasonably expected to have a material adverse effect on its financial condition or results of operations - The company is not currently party to any litigation that would be reasonably expected to have a material adverse effect on its business, financial position, or brand[42](index=42&type=chunk) [Item 1A. Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) The company identifies significant risks to its business, including intense competition, dependence on customer acquisition and renewals, and potential impacts from economic uncertainty, alongside operational, financial, and regulatory challenges - The market for accounting and financial software is highly competitive, with competitors that may have greater name recognition, resources, and ability to respond to market changes[1](index=1&type=chunk) - Business growth is substantially dependent on customers renewing their subscription agreements, which can be negatively affected by economic conditions, competition, and customer satisfaction[49](index=49&type=chunk) - A security breach or unauthorized access to confidential customer data could lead to loss of customers, reputational damage, and significant liabilities. The increased use of AI/ML may introduce additional cybersecurity risks[18](index=18&type=chunk)[20](index=20&type=chunk) - The company relies on third-party public cloud providers (GCP, Azure, AWS) to deliver its solutions, and any disruption from these providers could negatively impact operations and harm the business[257](index=257&type=chunk) - The company has a history of losses, with fiscal year 2023 being its first profitable full year, and may not achieve or maintain profitability in the future due to expected cost increases in R&D, sales, and international expansion[34](index=34&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=74&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities, no use of proceeds from registered securities, and no issuer purchases of equity securities during the period - There were no unregistered sales of equity securities or issuer purchases of equity securities during the quarter[331](index=331&type=chunk) [Item 5. Other Information](index=74&type=section&id=Item%205.%20Other%20Information) During the quarter, Chief Financial Officer Mark Partin and Chief Legal and Administrative Officer Karole Morgan-Prager each adopted a Rule 10b5-1 trading arrangement for the sale of company common stock, while Lead Independent Director Thomas Unterman adopted and subsequently terminated a similar plan - CFO Mark Partin and CLO Karole Morgan-Prager adopted Rule 10b5-1 trading arrangements in March 2024 for the potential sale of up to **140,956** and **117,260** shares, respectively[315](index=315&type=chunk) [Item 6. Exhibits](index=74&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Quarterly Report on Form 10-Q, including CEO and CFO certifications and Inline XBRL documents, as required by SEC regulations - The report includes an index of exhibits filed, such as officer certifications pursuant to the Sarbanes-Oxley Act and interactive data files in Inline XBRL format[316](index=316&type=chunk)[318](index=318&type=chunk)

BlackLine, Inc. (NASDAQ:BL) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Matt Humphries - Vice President of Investor Relations Owen Ryan - Co-Chief Executive Officer Therese Tucker - Co-Chief Executive Officers Mark Partin - Chief Financial Officer Conference Call Participants Rob Oliver - Baird Chris Quintero - Morgan Stanley Jaydeep Patel - JPMorgan Adam Hotchkiss - Goldman Sachs Brent Bracelin - Piper Sandler Koji Ikeda - Bank of America George Kurosawa - Citi Pat Walraven ...