BlackLine Announces Fourth Quarter and Full Year 2024 Financial Results

Core Insights - BlackLine, Inc. reported financial results for Q4 and full year 2024, showing growth in revenues and net income compared to the previous year [1][6][30]. Financial Performance - Q4 2024 GAAP revenues reached $169.5 million, a 9% increase from Q4 2023 [6]. - Full year 2024 GAAP revenues totaled $653.3 million, an 11% increase from 2023 [6]. - Q4 2024 GAAP net income attributable to BlackLine was $56.4 million, or $0.79 per diluted share, compared to $22.1 million, or $0.32 per diluted share in Q4 2023 [6]. - Full year 2024 GAAP net income attributable to BlackLine was $161.2 million, or $1.45 per diluted share, compared to $52.8 million, or $0.81 per diluted share in 2023 [6]. Operational Highlights - BlackLine had a total of 4,443 customers and expanded its user base to 397,477 users by December 31, 2024 [6]. - The company achieved a dollar-based net revenue retention rate of 102% at the end of 2024 [6]. - BlackLine launched the Studio360 platform aimed at enhancing financial operations for the Office of the CFO [6]. Strategic Initiatives - The company is focusing on innovation to meet the evolving needs of the Office of the CFO, which is expected to unlock new market opportunities [2]. - BlackLine's strategic investments are aimed at building a solid foundation for future growth, including advancements in public sector opportunities and industry-specific strategies [2]. Financial Outlook - For Q1 2025, BlackLine expects GAAP revenues to be in the range of $166 million to $168 million, with a non-GAAP operating margin expected between 16.5% to 17.5% [12]. - For the full year 2025, total GAAP revenue is projected to be between $699 million to $705 million, with a non-GAAP operating margin expected between 21.0% to 22.0% [12].