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Jun 30, 2024

BlackLine Q2 2024 Earnings Report

BlackLine delivered solid results, exceeding revenue and profitability expectations while generating robust free cash flow.

Key Takeaways

BlackLine announced its Q2 2024 financial results, exceeding revenue and profitability expectations. The company is focused on operational excellence and delivering value to the Office of the CFO through advanced solutions and AI-powered capabilities.

BlackLine exceeded revenue and profitability expectations.

The company is generating robust free cash flow.

BlackLine is focused on delivering value to the Office of the CFO.

The company is developing increasingly advanced solutions and capabilities, including those powered by AI.

Total Revenue
$161M
Previous year: $145M
+11.0%
EPS
$0.58
Previous year: $0.41
+41.5%
Number of Customers
4.4K
Previous year: 4.2K
+4.8%
Gross Profit
$120M
Previous year: $107M
+11.8%
Cash and Equivalents
$1.05B
Previous year: $205M
+411.0%
Free Cash Flow
$40M
Previous year: $23.4M
+71.0%
Total Assets
$1.89B
Previous year: $1.98B
-4.3%

BlackLine

BlackLine

Forward Guidance

BlackLine has provided GAAP and non-GAAP guidance for the third quarter and full year of 2024. Guidance for non-GAAP operating margin, non-GAAP net income attributable to BlackLine, and non-GAAP net income attributable to BlackLine per share excludes specified items from the corresponding GAAP financial measures.