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Jun 30, 2025
BlackLine Q2 2025 Earnings Report
BlackLine reported strong second quarter results, driven by disciplined go-to-market execution and strategic initiatives.
Key Takeaways
BlackLine announced strong financial results for the second quarter ended June 30, 2025, with total GAAP revenues increasing by 7% year-over-year to $172.0 million. The company achieved a GAAP operating margin of 4.4% and a non-GAAP operating margin of 22.1%. GAAP net income was $8.3 million, or $0.13 per diluted share, while non-GAAP net income was $37.9 million, or $0.51 per diluted share. Billings and remaining performance obligation both increased by 11%.
Total GAAP revenues reached $172.0 million, marking a 7% increase compared to the second quarter of 2024.
GAAP operating margin improved to 4.4% from 1.4% in the prior year, and non-GAAP operating margin increased to 22.1% from 19.8%.
Billings and remaining performance obligation both saw an 11% increase, reaching $182.3 million and $944.3 million respectively.
The company reported a dollar-based net revenue retention rate of 105% and ended the quarter with 4,451 customers and 389,559 users.
Revenue by Segment
Forward Guidance
BlackLine provided optimistic guidance for the third quarter and full year 2025, expecting continued revenue growth and strong non-GAAP operating margins.
Positive Outlook
- Third quarter 2025 GAAP revenue is expected to be between $177 million and $179 million.
- Full year 2025 GAAP revenue is projected to be in the range of $696 million to $705 million.
- Non-GAAP operating margin for Q3 2025 is anticipated to be between 20% and 21%.
- Full year 2025 non-GAAP operating margin is expected to be between 21.5% and 22.5%.
- Non-GAAP net income for Q3 2025 is forecasted to be $36 million to $38 million, or $0.48 to $0.51 per share.
Challenges Ahead
- Reconciliations of non-GAAP guidance to GAAP measures are not available on a forward-looking basis due to unpredictability and complexity of excluded charges.
- Variability of excluded items could significantly impact future GAAP operating margin, net income, and EPS.
- The company did not provide specific negative forward-looking statements beyond the inherent uncertainties of financial forecasting and non-GAAP reconciliation limitations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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