NASDAQ$BL

BlackLine Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

BlackLine's financial results exceeded revenue and profitability expectations, demonstrating the ability to deliver profitable growth.

BlackLine announced its Q1 2024 financial results, exceeding revenue and profitability expectations. The company is seeing encouraging signs of progress and is focused on capitalizing on these to support long-term growth objectives. BlackLine is also rapidly moving to offer an AI-powered platform for the Office of the CFO.

  • Financial results exceeded revenue and profitability expectations.
  • Demonstrated ability to deliver profitable growth.
  • Seeing encouraging signs of progress across the company.
  • Moving to offer an AI-powered platform for the Office of the CFO.

Headline financials

Total Revenue

$157M

Previous: $139M+13.3%
EPS

$0.17

Previous: $0.34-50.0%
Billings

$146M

No prior period
Remaining performance obligation

$823M

No prior period
Capital Expenditures

-$299K

Previous: -$1.68M+82.2%
Free Cash Flow

$10.5M

Previous: -$13.7M+177.0%
Net Income

$10.8M

Previous: -$12M+190.2%
Operating Income

$1.75M

Previous: -$15.3M+111.4%
Gross Profit

$118M

Previous: $104M+14.1%
Cash & Equivalents

$331M

Previous: $223M+48.9%
Total Assets

$2.09B

Previous: $1.93B+8.1%
R&D Expense

$24.8M

No prior period
Stock-Based Comp

$18.6M

Previous: $20.4M-9.2%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$157M

Q1 2024+13.3%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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 2024

Historical avgQ1 2024

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro