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Dec 31, 2023

BlackLine Q4 2023 Earnings Report

BlackLine closed the year with solid results, surpassing expectations for both revenue and profitability.

Key Takeaways

BlackLine's Q4 2023 financial results demonstrated solid performance, exceeding expectations for both revenue and profitability. The company has aligned to a new operating model focused on leading with solutions and leveraging its partner ecosystem.

BlackLine closed the year with solid results, surpassing expectations for both revenue and profitability.

The company aligned to a new operating model that directly supports their strategy of leading with solutions.

Customer-centric innovation has consistently been at the core of the company's culture and strategy.

Teams are committed to executing and showcasing why BlackLine stands as a market leader and the ideal partner for the Office of the CFO.

Total Revenue
$156M
Previous year: $140M
+11.3%
EPS
$0.69
Previous year: $0.35
+97.1%
Dollar-based Net Revenue Retention Rate
104%
Number of Customers
4.3K
Previous year: 4.1K
+4.9%
Gross Profit
$118M
Previous year: $107M
+10.9%
Cash and Equivalents
$1.2B
Previous year: $201M
+499.3%
Free Cash Flow
$40.1M
Previous year: $24.5M
+63.7%
Total Assets
$2.1B
Previous year: $1.94B
+8.1%

BlackLine

BlackLine

Forward Guidance

BlackLine provided financial outlook for the first quarter and full year of 2024.