NASDAQ$BL

BlackLine Inc. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

BlackLine delivered solid results, exceeding revenue and profitability expectations while generating robust free cash flow.

BlackLine announced its Q2 2024 financial results, exceeding revenue and profitability expectations. The company is focused on operational excellence and delivering value to the Office of the CFO through advanced solutions and AI-powered capabilities.

  • BlackLine exceeded revenue and profitability expectations.
  • The company is generating robust free cash flow.
  • BlackLine is focused on delivering value to the Office of the CFO.
  • The company is developing increasingly advanced solutions and capabilities, including those powered by AI.

Headline financials

Total Revenue

$161M

Previous: $145M+11.0%
EPS

$0.22

Previous: $0.41-46.3%
Capital Expenditures

-$976K

Previous: -$2.83M+65.5%
Free Cash Flow

$75.7M

Previous: $28M+170.2%
Net Income

$76.7M

Previous: $30.8M+148.6%
Operating Income

$2.21M

Previous: $17.9M-87.7%
Gross Profit

$120M

Previous: $107M+11.8%
Cash & Equivalents

$617M

Previous: $205M+201.5%
Total Assets

$1.89B

Previous: $1.98B-4.3%
R&D Expense

$25.8M

No prior period
Stock-Based Comp

$22.7M

Previous: $19.9M+13.9%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$161M

Q2 2024+11%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

BlackLine has provided GAAP and non-GAAP guidance for the third quarter and full year of 2024. Guidance for non-GAAP operating margin, non-GAAP net income attributable to BlackLine, and non-GAAP net income attributable to BlackLine per share excludes specified items from the corresponding GAAP financial measures.

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 Q2 2024

Historical avgQ2 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

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