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Sep 30, 2021

BlackLine Q3 2021 Earnings Report

Reported solid financial performance driven by broad-based demand and strong execution.

Key Takeaways

BlackLine announced its Q3 2021 financial results, highlighting continued momentum driven by broad-based demand for its solutions and strong execution.

Momentum continued in Q3 driven by broad-based demand.

Companies are emerging from the pandemic with a greater sense of urgency to upgrade outdated back-office systems.

Companies are looking to improve their financial processes.

Believes this is the beginning of the next large and enduring investment cycle in financial and accounting systems.

Total Revenue
$109M
Previous year: $90.5M
+20.8%
EPS
$0.24
Previous year: $0.25
-4.0%
Gross Profit
$85M
Previous year: $73.5M
+15.5%
Cash and Equivalents
$379M
Previous year: $408M
-7.1%
Free Cash Flow
$13.6M
Previous year: $21.5M
-36.7%
Total Assets
$1.75B
Previous year: $1.05B
+67.2%

BlackLine

BlackLine

Forward Guidance

BlackLine provided guidance for Q4 2021 and full year 2021, but the specific details were not included in the provided text.