BlackLine (BL)
Automates financial close, intercompany accounting, and invoice-to-cash work for finance teams.
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Provides cloud software for Office-of-the-CFO workflows, centered on Studio360, record-to-report, intercompany accounting, and invoice-to-cash. Revenue is mainly subscription-based, with implementation services around the platform and a U.S.-majority customer base served through direct sales and partners including SAP.
Provides cloud software for finance and accounting teams through Studio360, with applications for record-to-report, account reconciliations, transaction matching, journal entries, intercompany accounting, invoice-to-cash, and embedded Verity AI workflows.
Most revenue comes from subscriptions, with implementation and consulting services supporting deployments. The business reports one segment and sells through direct teams plus technology, services, outsourcing, and reseller partners, with SAP a material channel.
Revenue is weighted toward the United States but supported by customers outside the country. Execution depends on enterprise finance-software budgets, renewals and account expansion, platform-pricing adoption, AI delivery, partner execution, and protection of confidential finance data.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Robert W. Baird | Target | Target: $40 | Target: $35 |
| Jul 21, 2026 | Morgan Stanley | Downgrade | Target: $50 | Target: $33 |
| Jul 21, 2026 | Scotiabank | Downgrade | Rating: — | |
| Jul 9, 2026 | D.A. Davidson | Target | Target: $35 | Target: $30 |
| May 7, 2026 | Truist Financial | Target | Target: — | Target: $32 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $527.8M · Total debt $690.7M · Total assets $1.47B · Shareholders' equity $316.2M
- Revenue
- $187.8M
- Operating income
- $11.0M
- Net income
- $16.5M
No dividends on record.
| Institutions | 105.40% | 61.27M shares | |
|---|---|---|---|
| 262 holders · as of Jun 30, 2026 | |||
| Insiders | 10.53% | 6.12M shares | |
| 22 holders · as of Sep 4, 2026 | |||
| Adds to | 115.93% | ||
58.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 115.93%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.18% | 8.24M | as of Jun 30, 2026 |
Clearlake Capital Group, L.P.Institution | 9.83% | 5.71M | as of Jun 30, 2026 |
Therese Tucker1Insiderdirector | 7.76% | 4.90M | filed Aug 26, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.54% | 3.80M | as of Jun 30, 2026 |
Fivespan Partners, LPInstitution | 5.79% | 3.36M | as of Jun 30, 2026 |
- Therese Tucker's transaction reports restate only vehicles that traded; the 2021 ownership statement (4.90M) less the 393.1K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Michelle D. Stalick | officer: Chief Accounting Officer | −780 | $33.65 |
| Aug 24, 2026 | Therese Tucker | director | −70,000 | $31.96 |
| Jun 5, 2026 | Mika Yamamoto | director | −3,000 | $28.48 |
| Jun 1, 2026 | Michelle D. Stalick | officer: Chief Accounting Officer | −780 | $30.93 |
| May 21, 2026 | Gregory Hughes | director | −1,637 | $30.25 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BlackLine | $27.63 | −3.31% | $1.68B | 50.7 | 10.5 | 2.3 | +9.2% |
| Oracle | $149.44 | +0.59% | $427.95B | 23.3 | 17.6 | 6.0 | +29.6% |
| SAP (ADR) | $208.76 | −0.22% | $243.79B | 26.8 | 22.9 | 5.6 | +5.8% |
| Workday | $188.69 | −1.68% | $50.27B | 38.9 | 15.7 | 4.9 | +12.8% |
| Microsoft | $495.11 | −1.29% | $3.72T | 27.9 | 25.3 | 11.2 | +17.8% |
| Workiva | $69.40 | −4.72% | $3.96B | 88.8 | 18.9 | 4.1 | +18.6% |
| Median | 27.9 | 18.9 | 5.6 | +17.8% |