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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.
BlackLine
BlackLine
BlackLine Revenue by Segment
Revenue by Segment
Subscription and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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