LOS ANGELES, Dec. 22, 2025 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL) (“BlackLine” or the “Company”) today announced that Tom Unterman has informed the Company that he intends to retire and will not stand for re-election to the BlackLine Board of Directors at the Company’s next Annual Meeting of Stockholders in May 2026. Mr. Unterman has served on the Board since 2010, providing invaluable guidance and strategic oversight during his tenure. “On behalf of the entire Board, I want to thank Tom for his many ye ...

Core Insights - BlackLine, Inc. has expanded its global cloud footprint to Saudi Arabia, partnering with Google Cloud Platform to offer a locally hosted cloud region [1][2] - The new deployment provides a secure environment that meets local data residency and cybersecurity requirements, aligning with Saudi Arabia's regulatory standards [2][3] - This expansion positions BlackLine to support Saudi enterprises in their economic diversification and modernization initiatives, enhancing their financial operations [3][6] Company Overview - BlackLine is a platform designed for the Office of the CFO, focusing on digital finance transformation through accurate and efficient financial operations [7][8] - The company’s solutions are ERP-agnostic and include partnerships with key players like SAP, EY, and Deloitte, which enhance local implementation and support [4][5] - BlackLine's technology, including the Studio360 platform and Verity AI suite, enables organizations to unify data, automate processes, and gain real-time visibility [5][7] Market Positioning - The expansion into Saudi Arabia reflects BlackLine's commitment to meeting customer needs in regions with stringent data residency requirements [5][6] - The company aims to inspire and guide digital finance transformation for organizations globally, leveraging its strong partner ecosystem to enhance service delivery [6][8]

Core Insights - BlackLine, Inc. actively engages with its stockholders, having met with Engaged Capital seven times in the past 12 months, demonstrating a commitment to constructive dialogue with all shareholders [1] Company Overview - BlackLine (Nasdaq: BL) is a platform designed for the Office of the CFO, focusing on digital finance transformation by providing accurate, efficient, and intelligent financial operations [2] - The company utilizes the Studio360 platform to unify data, streamline processes, and deliver real-time insights through automation and AI capabilities powered by Verity [2] Customer Base and Innovation - BlackLine has over 4,400 customers across various industries, indicating a broad market presence and a collaborative approach to innovation [3]

Financial Data and Key Metrics Changes - Total revenue grew to over $178 million, up 7.5% year-over-year [38] - Subscription revenue increased by 7%, while services revenue grew by 13% due to accelerated project delivery [38] - Annual recurring revenue (ARR) reached $685 million, up 7.3% [39] - Non-GAAP operating margin was 21.4%, reflecting improved productivity [43] - Non-GAAP net income attributable to BlackLine was $38 million, representing a 21% margin [44] Business Line Data and Key Metrics Changes - New customer bookings increased by 45%, with the average new deal size more than doubling by 111% [7] - Strategic products accounted for 36% of sales, up from 32% last year [42] - SOLEX revenue accounted for 26% of total revenue, remaining steady [42] Market Data and Key Metrics Changes - Customer count reached 4,424, reflecting a strategic resegmentation away from lower-end customers [41] - Revenue renewal rate was 93%, up from the previous year, driven by strong enterprise performance [41] - Net retention rate for the quarter was 103%, despite a headwind from foreign exchange [41] Company Strategy and Development Direction - The company is focused on accelerating revenue growth and margin expansion as it transitions to a platform-based pricing model [6][12] - Emphasis on winning larger, more strategic platform deals against major competitors [7] - Continued progress in the public sector, with expectations for FedRAMP approval in early 2026 [11] - The company is modernizing its technology stack to support scalable, efficient, and AI-powered innovation [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering sustained profitable growth, supported by a strong pipeline and operational improvements [36][48] - The macro environment is currently stable, with potential tailwinds from corporate job layoffs creating opportunities for efficiency discussions with customers [100] - The strategic transition to platform pricing is expected to take time but is viewed positively for long-term customer commitment [13][72] Other Important Information - The company returned approximately $113 million to shareholders through share repurchases, reflecting confidence in long-term value [44] - The planned churn from the strategic de-emphasis of lower-end market customers is nearing completion [14] Q&A Session Summary Question: Impact of large customers pausing user ads - Management acknowledged that some deals slipped into Q4, costing a couple of million dollars, but noted an increase in larger enterprise deals [53][54] Question: Automation and customer attrition - Management explained that success-based attrition is occurring as customers achieve higher efficiency with fewer licenses, which is a positive long-term trade-off [72] Question: Factors driving expected bookings growth - Management highlighted the importance of changing conversations to focus on digital finance transformation and deepening relationships with partners [85][86] Question: Competitive takeaways - Management noted an uptick in competitive wins, attributing it to the company's proven track record and improved implementation quality [88][89] Question: SAP relationship and pipeline building - Management confirmed a solid relationship with SAP, focusing on joint customer success and reducing attrition [96][97] Question: Macro environment characterization - Management indicated that the current macro environment is stable, with no significant impacts from tariffs, and noted potential tailwinds from job layoffs [100]

Group 1 - BlackLine, Inc. will release its financial results for Q3 2025 on November 6, 2025, after market close, followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET [1] - A live webcast and replay of the conference call will be available on BlackLine's investor relations website [1] - Participants are encouraged to join the conference call fifteen minutes early to avoid delays [1] Group 2 - BlackLine is positioned as a future-ready platform for the Office of the CFO, focusing on digital finance transformation [2] - The company utilizes the Studio360 platform to unify data, streamline processes, and provide real-time insights through automation and AI capabilities [2] - BlackLine has over 4,400 customers across various industries, indicating a strong market presence and collaborative approach [3]

Core Insights - BlackLine, Inc. will host an investor session on September 9, 2025, during its annual customer conference, BeyondTheBlack [1] - The session will be accessible via a webcast on BlackLine's investor relations website [1] Company Overview - BlackLine is a platform designed for the Office of the CFO, focusing on digital finance transformation by enhancing financial operations [2] - The platform addresses critical processes such as record-to-report and invoice-to-cash, providing unified data, optimized processes, and real-time insights through automation and AI [3] - BlackLine has over 4,400 customers across various industries, emphasizing its commitment to innovation and security [3]

Financial Highlights - BlackLine's Q2'25 Annual Recurring Revenue (ARR) reached $677 million, reflecting a 9% year-over-year growth[9] - The company achieved a 22% Non-GAAP Operating Margin in Q2'25[9] - BlackLine's LTM (Last Twelve Months) Free Cash Flow was $144 million, with a 21% margin[10] - Total Revenue for Q2 2025 was $172 million, a 7% year-over-year increase[43] - Total RPO (Remaining Performance Obligations) reached $944 million, an 11% year-over-year increase[43] Market and Customer Base - BlackLine estimates its Total Addressable Market (TAM) at $45 billion[8, 9, 21] - The company serves over 4,400 global customers, with over 389,000 users in 100+ countries[11] - BlackLine is trusted by over 60% of the Fortune 500 companies[11] - BlackLine has 632 customers with an ARR of $250k+[37] Growth Strategy - BlackLine aims for a target model with 13%-16% Total Revenue Growth[55] - The company is expanding into the Public Sector market[29, 35] - BlackLine is focused on deepening relationships with the world's largest and most complex organizations[32]

Core Viewpoint - BlackLine, Inc. announces a leadership transition where Therese Tucker will step down as Co-CEO to focus on her role as Founder, effective October 1, 2025, while Owen Ryan will continue as CEO [1][2][3] Leadership Transition - Therese Tucker will remain involved with BlackLine as a member of the executive team, focusing on supporting major customers and enhancing product development [2][3] - Owen Ryan, who has served as Co-CEO and Chairman, will take on the role of CEO [1][3] - David Henshall has been appointed as Lead Independent Director, succeeding Tom Unterman [3][4] Strategic Enhancements - The Board of Directors has made strategic enhancements, including the addition of former CEOs Sam Balaji and Greg Hughes, to support BlackLine's long-term strategy [4] - The leadership transition is seen as a pivotal moment for BlackLine's evolution, with a focus on innovation and execution [3] Company Overview - BlackLine is positioned as a future-ready platform for the Office of the CFO, driving digital finance transformation through efficient financial operations [5][6] - The platform addresses critical processes such as record-to-report and invoice-to-cash, providing real-time insights and automation [6] - BlackLine serves over 4,400 customers across various industries, emphasizing its commitment to innovation and security [6]

Company Overview - BlackLine, Inc. is a platform designed for the Office of the CFO, focusing on digital finance transformation to enhance financial operations [2] - The company serves over 4,400 customers across various industries, emphasizing its role in driving organizations towards future-ready financial practices [3] Financial Results Announcement - BlackLine will release its financial results for the second quarter ended June 30, 2025, after market close on August 5, 2025 [1] - A conference call will follow the results announcement at 2:00 p.m. PT / 5:00 p.m. ET, with a live webcast available on the investor relations website [1] Product and Service Offerings - The platform addresses critical financial processes such as record-to-report and invoice-to-cash, providing unified data, streamlined processes, and real-time insights through automation and AI [3] - BlackLine's approach focuses on continuous transformation, ensuring immediate impact and sustained value for its clients [3]

Core Insights - BlackLine's customer Creditsafe has been awarded the 2025 Nucleus Research ROI Award for achieving a 234% return on investment and a 12.4-month payback period through the deployment of BlackLine's financial operations platform [1][2]. Group 1: Impact of BlackLine's Solutions - The implementation of BlackLine's Invoice-to-Cash solution allowed Creditsafe to automate collections and cash allocation processes, leading to improved efficiency, increased visibility, and greater scalability in international operations [2][3]. - Creditsafe reported reduced operational costs, accelerated cash lifecycle, and enhanced customer experience, enabling the finance team to support rapid global expansion without increasing headcount [3][5]. Group 2: Innovation and Development - BlackLine continues to invest in innovation, recently launching a modernized Cash Application user interface that enhances the Invoice-to-Cash journey by providing a more intelligent and streamlined user experience [4]. - The company emphasizes its leadership in delivering AI-enabled, outcome-focused solutions that empower finance, accounting, and credit teams to operate more strategically and efficiently [5][8]. Group 3: Company Overview - BlackLine is recognized as a future-ready platform for the Office of the CFO, driving digital finance transformation through accurate, efficient, and intelligent financial operations [7][8]. - The platform addresses critical processes such as record-to-report and invoice-to-cash, ensuring unified and accurate data, streamlined processes, and real-time insights through visibility, automation, and AI [8].