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Sep 30, 2024

BlackLine Q3 2024 Earnings Report

BlackLine reported solid financial results, exceeding financial guidance and achieving record free cash flow generation.

Key Takeaways

BlackLine announced its Q3 2024 financial results, demonstrating solid financial performance and exceeding expectations. The company emphasized its focus on operational excellence and innovation, with new solutions enhancing its market position.

BlackLine delivered solid financial results, surpassing financial guidance.

The company achieved record free cash flow generation.

Operational excellence continues to drive execution across the organization.

Innovation is accelerating, with compelling new solutions and functionality enhancing differentiation.

Total Revenue
$166M
Previous year: $151M
+10.1%
EPS
$0.6
Previous year: $0.51
+17.6%
Number of Customers
4.4K
Previous year: 4.3K
+2.3%
Gross Profit
$125M
Previous year: $114M
+9.6%
Cash and Equivalents
$846M
Previous year: $1.16B
-27.2%
Free Cash Flow
$55.5M
Previous year: $40.9M
+35.7%
Total Assets
$1.7B
Previous year: $2.02B
-15.9%

BlackLine

BlackLine

Forward Guidance

BlackLine provided guidance for Q4 2024 and full year 2024, excluding specified items from the corresponding GAAP financial measures.