NASDAQ$BL

BlackLine Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

BlackLine delivered strong first quarter performance, beating revenue and income expectations.

BlackLine announced financial results for the first quarter ended March 31, 2022. The company reported strong performance that beat revenue and income expectations due to growing demand for back-office digital transformation.

  • BlackLine delivered an outstanding first quarter with strong performance.
  • The company beat revenue and income expectations.
  • There is a growing demand environment as companies invest in back-office digital transformation.
  • BlackLine will continue to innovate and invest across its business to drive further uptake and adoption.

Headline financials

Total Revenue

$120M

Previous: $98.9M+21.6%
EPS (adj)

$0.01

Previous: $0.11-90.9%
Number of customers

3.8K

No prior period
Dollar-based net revenue retention rate

0.0%

No prior period
Capital Expenditures

-$1.53M

Previous: -$1.1M-39.4%
Free Cash Flow

-$11.5M

Previous: -$40.1M+71.2%
Net Income

-$10M

Previous: -$39M+74.3%
Operating Income

-$25.4M

Previous: -$18.7M-35.6%
Gross Profit

$89.6M

Previous: $77M+16.4%
Cash & Equivalents

$366M

Previous: $848M-56.9%
Total Assets

$1.87B

Previous: $1.71B+9.4%
Stock-Based Comp

$15.9M

Previous: $14.8M+7.5%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$120M

Q1 2022+21.6%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Guidance for non-GAAP net income attributable to BlackLine and non-GAAP net income attributable to BlackLine per share does not include the impact of the provision for (benefit from) income taxes related to acquisitions, amortization of acquired intangible assets, stock-based compensation, the amortization of debt discount and issuance costs, the change in fair value of contingent consideration, transaction-related costs, the adjustment to the value of the redeemable non-controlling interest to the redemption amount, and the loss on extinguishment of convertible senior notes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+1.7%

Avg return

30 days after

49%

20 / 41 earnings

Positive

+25.6%

Q2 2019

Best reaction

-18.4%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-11.7%-15.0%-11.4%
Q4 2025-5.5%-12.9%-16.8%
Q3 2025-5.7%-1.3%+2.1%
Q1 2025+8.5%+17.7%+22.9%
Q4 2024-18.1%-19.0%-21.3%
Q3 2024+3.0%+4.3%+9.6%
Q2 2024+12.8%+18.1%+10.5%
Q1 2024-2.0%-4.1%-22.4%
Q4 2023-3.7%-5.3%+9.3%
Q3 2023+14.8%+12.7%+24.8%
Q2 2023-10.0%-4.2%+3.9%
Q1 2023+4.0%+3.4%+6.8%
Q4 2022+1.3%-1.8%-9.4%
Q3 2022+12.3%+7.3%+30.7%
Q2 2022+0.5%-2.3%-1.9%
Q1 2022-10.2%-20.8%+11.7%
Q4 2021-16.7%-14.1%-26.9%
Q3 2021+1.8%+3.4%-18.6%
Q2 2021-0.5%-2.7%+2.3%
Q1 2021+0.0%-1.2%-5.5%
Q4 2020-9.8%-13.0%-23.7%
Q3 2020+6.0%+9.7%+30.6%
Q2 2020-14.6%-21.8%-12.2%
Q1 2020+0.3%+2.6%+24.9%
Q4 2019+4.9%+7.2%-16.3%
Q3 2019+5.3%+5.1%+9.9%
Q2 2019+25.6%+19.4%+14.2%
Q1 2019-3.6%-7.3%-0.4%
Q4 2018+6.3%+5.9%-1.9%
Q3 2018-8.3%-11.3%-7.6%
Q2 2018+8.8%+13.3%+21.9%
Q1 2018-2.8%-3.6%+1.5%
Q4 2017+16.5%+21.6%+20.6%
Q3 2017-2.7%-1.8%+2.5%
Q2 2016-2.1%-2.3%+6.9%
Q2 2017-18.4%-18.6%-17.7%
Q1 2016-1.4%-1.0%+4.2%
Q1 2017+2.6%-2.6%+9.0%
Q4 2016+3.2%-1.6%-0.5%
Q4 2015-2.8%-2.8%+3.6%
Q3 2016-5.3%-5.0%-2.4%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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