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BlackLine Q1 2025 Earnings Report
BlackLine reported its first quarter 2025 financial results, with total GAAP revenues increasing by 6% and GAAP operating margin improving to 2.1% compared to the first quarter of 2024.
Key Takeaways
BlackLine delivered solid first quarter results, exceeding expectations in bookings and expanding margins. The company saw growth in Studio360 adoption, traction with its new pricing strategy, and progress in its public sector business, while continuing to innovate across its platform with Agentic AI experiences.
Total GAAP revenues increased by 6% to $166.9 million compared to the first quarter of 2024.
GAAP operating margin improved to 2.1% from 1.1% in the first quarter of 2024.
Non-GAAP operating margin increased to 20.9% from 17.0% in the first quarter of 2024.
The company repurchased approximately 0.9 million shares for $45.5 million, with $154.5 million remaining in buyback capacity.
BlackLine
BlackLine
BlackLine Revenue by Segment
Revenue by Segment
Subscription and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, BlackLine expects total GAAP revenue between $170 million and $172 million, non-GAAP operating margin between 20.5% and 21.5%, and non-GAAP net income attributable to BlackLine between $38 million and $40 million. For the full year 2025, total GAAP revenue is expected to be between $692 million and $705 million, non-GAAP operating margin between 21.5% and 22.5%, and non-GAAP net income attributable to BlackLine between $159 million and $167 million.
Positive Outlook
- Second quarter 2025 total GAAP revenue expected to be in the range of $170 million to $172 million.
- Second quarter 2025 non-GAAP operating margin expected to be in the range of 20.5% to 21.5%.
- Second quarter 2025 non-GAAP net income attributable to BlackLine expected to be in the range of $38 million to $40 million.
- Full year 2025 total GAAP revenue expected to be in the range of $692 million to $705 million.
- Full year 2025 non-GAAP operating margin expected to be in the range of 21.5% to 22.5%.
Challenges Ahead
- Guidance for non-GAAP measures excludes specified items, making direct comparison to GAAP measures difficult.
- Reconciliations of non-GAAP guidance to GAAP measures are not available without unreasonable efforts due to unpredictability.
- Variability of excluded items could have a significant and unpredictable impact on future GAAP operating margin.
- Variability of excluded items could have a significant and unpredictable impact on future GAAP net income attributable to BlackLine.
- Variability of excluded items could have a significant and unpredictable impact on future GAAP net income per share attributable to BlackLine.
Revenue & Expenses
Visualization of income flow from segment revenue to net income