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]

Core Insights - BlackLine, Inc. reported strong financial results for the third quarter of 2025, highlighting increased revenue growth, solid margins, and robust free cash flow, indicating effective execution of strategic changes [2][6]. Financial Performance - Total GAAP revenues reached $178.3 million, marking a 7.5% increase compared to the third quarter of 2024 [6]. - GAAP operating margin was 4.3%, down from 5.0% in the same quarter last year [6]. - Non-GAAP operating margin was 21.4%, compared to 22.7% in the third quarter of 2024, primarily affected by the timing of the BeyondTheBlack customer event [6]. - GAAP net income attributable to BlackLine was $5.3 million, or $0.09 per diluted share, a decrease from $17.2 million, or $0.27 per diluted share, in the third quarter of 2024 [6]. - Non-GAAP net income attributable to BlackLine was $37.6 million, or $0.51 per diluted share, down from $44.4 million, or $0.60 per diluted share, in the same quarter last year [6]. - Billings totaled $161.6 million, a 4.4% increase year-over-year, influenced by a higher mix of customers on quarterly billings [6]. - Remaining performance obligation increased by 12.4% to $964.1 million compared to the third quarter of 2024 [6]. - Operating cash flow was $63.8 million, up from $55.9 million in the third quarter of 2024 [6]. - Free cash flow reached $57.0 million, compared to $49.4 million in the same period last year [6]. Customer Metrics - BlackLine had a total of 4,424 customers as of September 30, 2025 [6]. - The number of users reached 385,336, reflecting ongoing customer migrations to the platform pricing model [6]. - The dollar-based net revenue retention rate was 103%, including a one-point headwind from foreign exchange [6]. Product and Innovation - The company launched Verity, an AI-powered solution tailored for the Office of the CFO [6]. - BlackLine achieved ISO 42001 certification for its AI management system [6]. - The company received an Exemplary rating in the ISG Buyer's Guides for Record to Report, Financial Close & Financial Consolidation [6]. - BlackLine was awarded the SAP Global Finance and Spend Management Partner Excellence Award for 2025 [6]. Financial Outlook - For the fourth quarter of 2025, total GAAP revenue is expected to be between $182 million and $184 million [7]. - Non-GAAP operating margin is projected to be in the range of 24.0% to 25.0% [7]. - Non-GAAP net income attributable to BlackLine is anticipated to be between $42 million and $44 million, or $0.58 to $0.61 per share [7]. Summary of Financial Position - As of September 30, 2025, total assets were $1.703 billion, down from $1.825 billion at the end of 2024 [28]. - Total liabilities were $1.337 billion, slightly decreased from $1.342 billion at the end of 2024 [29]. - Stockholders' equity was $328.3 million, down from $446.7 million at the end of 2024 [29].

Core Insights - BlackLine, Inc. has been awarded the SAP Global Finance and Spend Management Award for Partner Excellence 2025 for Partner Solution Success, recognizing its contributions to finance and spend management solutions [1][2] - The award highlights BlackLine's role in empowering finance leaders to drive strategic value and transform processes with real-time data [2][3] Company Overview - BlackLine is a leading partner for the Office of the CFO, focusing on digital finance transformation through accurate, efficient, and intelligent financial operations [7] - The company offers a comprehensive platform, Studio360, which addresses critical processes such as record-to-report and invoice-to-cash, ensuring unified data and optimized processes [7] Partnership with SAP - BlackLine is an SAP platinum partner, providing solution extensions that complement SAP's software, enhancing record-to-report and intercompany governance capabilities [4] - The collaboration between SAP and BlackLine aims to deliver a fully integrated solution that maximizes accuracy, efficiency, automation, and intelligence [4][5] Customer Impact - Over 1,200 leading companies globally utilize BlackLine alongside SAP to achieve future-ready finance [6] - The integration of BlackLine's solutions with SAP allows finance and accounting teams to focus on strategic insights rather than manual tasks [5]

Core Insights - BlackLine is expanding its flagship finance transformation event, BeyondTheBlack, with two key events in Europe in June 2025, one in London and the other in Paris, marking its debut in France [1][2] Event Details - BeyondTheBlack London will take place on June 17, 2025, at De Vere Grand Connaught Rooms, featuring executive keynotes, live demos, and customer transformation stories [3] - BeyondTheBlack Paris will occur on June 19, 2025, at Cloud Business Center, conducted in French, and will include customer sessions [3] Company Overview - BlackLine (Nasdaq: BL) offers a cloud-based financial operations management platform that helps companies transition from traditional manual accounting processes to modern accounting by unifying data and automating repetitive tasks [4] - The company serves over 4,400 customers globally, including 50% of the Fortune 500, providing solutions for financial close, intercompany accounting, invoice-to-cash, and consolidation processes [4]

Core Insights - BlackLine, Inc. reported solid financial results for the first quarter of 2025, with bookings exceeding expectations and continued margin expansion [2][6]. Financial Performance - Total GAAP revenues reached $166.9 million, marking a 6% increase compared to the first quarter of 2024 [6]. - GAAP operating margin improved to 2.1%, up from 1.1% in the same quarter last year [6]. - Non-GAAP operating margin was reported at 20.9%, compared to 17.0% in the first quarter of 2024 [6]. - GAAP net income attributable to BlackLine was $6.1 million, or $0.10 per diluted share, down from $10.8 million, or $0.17 per diluted share in the first quarter of 2024 [6]. - Non-GAAP net income attributable to BlackLine was $36.3 million, or $0.49 per diluted share, compared to $40.1 million, or $0.54 per diluted share in the first quarter of 2024 [6]. - Billings increased by 9% year-over-year to $159.0 million [6]. - Remaining performance obligation rose to $913.2 million, an 11% increase compared to March 31, 2024 [6]. - Operating cash flow was $46.7 million, down from $50.4 million in the first quarter of 2024 [6]. - Free cash flow decreased to $32.6 million from $43.7 million in the same period last year [6]. Customer Metrics - BlackLine had a total of 4,455 customers as of March 31, 2025 [6]. - The number of users reached 393,892, reflecting customer migrations to the new platform pricing model [6]. - The dollar-based net revenue retention rate was 104% as of March 31, 2025 [6]. Strategic Initiatives - The adoption of the Studio360 platform is growing, and the new pricing strategy is gaining traction [2]. - BlackLine is focusing on industry-specific approaches and advancing its public sector business as planned [2]. - The company is integrating advanced AI capabilities across its product ecosystem to enhance innovation [2]. Future Outlook - For the second quarter of 2025, total GAAP revenue is expected to be in the range of $170 million to $172 million [13]. - Non-GAAP operating margin is anticipated to be between 20.5% and 21.5% [13]. - Non-GAAP net income attributable to BlackLine is projected to be between $38 million and $40 million, or $0.51 to $0.53 per share [13].