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Mar 31, 2021

BlackLine Q1 2021 Earnings Report

Announced strong first quarter financial results, driven by increasing prioritization of digital finance transformation and streamlined processes by customers using their platform to automate workflows.

Key Takeaways

BlackLine announced a strong start to the year, with companies increasingly prioritizing digital finance transformation and turning to BlackLine to guide their journeys. The company saw broad-based demand returning with increasing momentum across all areas of the business.

Companies increasingly prioritized digital finance transformation.

BlackLine customers streamlined their processes by using their platform to automate workflows.

Saw broad-based demand returning with increasing momentum across all areas of the business.

Value is resonating now more than ever and their commitment to customer success will continue to serve as a differentiator.

Total Revenue
$98.9M
Previous year: $82.6M
+19.7%
EPS
$0.11
Previous year: $0.1
+10.0%
Gross Profit
$77M
Previous year: $66.5M
+15.7%
Cash and Equivalents
$848M
Previous year: $311M
+172.8%
Free Cash Flow
$27.4M
Previous year: $7.37M
+272.2%
Total Assets
$1.71B
Previous year: $1.01B
+69.0%

BlackLine

BlackLine

Forward Guidance

BlackLine provided guidance for the second quarter and full year of 2021.