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BlackLine
🇺🇸 NASDAQ:BL
•
Dec 31, 2024

BlackLine Q4 2024 Earnings Report

Key Takeaways

BlackLine reported strong revenue growth of 9% year-over-year in Q4 2024, reaching $169.5 million. However, GAAP operating margin declined to 3.7% from 8.2% in the prior year. While GAAP net income surged to $56.4 million due to favorable tax benefits, non-GAAP net income declined to $34.6 million from $51.5 million. Free cash flow remained stable at $36.5 million.

Total Revenue
$170M
Previous year: $156M
+8.8%
EPS
$0.47
Previous year: $0.69
-31.9%
Net Revenue Retention
102%
Total Customers
4.44K
Total Users
397.48K
Gross Profit
$128M
Previous year: $118M
+8.4%
Cash and Equivalents
$886M
Previous year: $1.2B
-26.4%
Free Cash Flow
$36.5M
Previous year: $40.1M
-9.0%
Total Assets
$1.83B
Previous year: $2.1B
-13.1%

BlackLine Revenue

BlackLine EPS

BlackLine Revenue by Segment

Forward Guidance

BlackLine expects Q1 2025 revenue between $166M and $168M, with a non-GAAP operating margin of 16.5% to 17.5%. For FY 2025, revenue is projected between $699M and $705M, with a non-GAAP operating margin of 21.0% to 22.0%.

Positive Outlook

  • Revenue expected to grow sequentially and year-over-year.
  • Continued focus on expanding AI-powered solutions.
  • Strength in subscription and support revenue.
  • Sustained free cash flow generation.
  • Strong market position in financial automation.

Challenges Ahead

  • Non-GAAP operating margin expected to remain below historical highs.
  • Ongoing restructuring and efficiency efforts may impact profitability.
  • Uncertain macroeconomic conditions could weigh on enterprise spending.
  • Professional services revenue remains flat year-over-year.
  • Competitive pressures in the financial automation space.

Revenue & Expenses

Visualization of income flow from segment revenue to net income