NASDAQ$BL

BlackLine Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

BlackLine closed the year with solid results, surpassing expectations for both revenue and profitability.

BlackLine's Q4 2023 financial results demonstrated solid performance, exceeding expectations for both revenue and profitability. The company has aligned to a new operating model focused on leading with solutions and leveraging its partner ecosystem.

  • BlackLine closed the year with solid results, surpassing expectations for both revenue and profitability.
  • The company aligned to a new operating model that directly supports their strategy of leading with solutions.
  • Customer-centric innovation has consistently been at the core of the company's culture and strategy.
  • Teams are committed to executing and showcasing why BlackLine stands as a market leader and the ideal partner for the Office of the CFO.

Headline financials

Total Revenue

$156M

Previous: $140M+11.3%
EPS (adj)

$0.69

Previous: $0.35+97.1%
Number of customers

4.3K

Previous: 4.1K+4.9%
Dollar-based net revenue retention rate

104.0%

No prior period
Capital Expenditures

-$6.83M

Previous: $1.23M-654.6%
Net Income

-$10.4M

Previous: $11.3M-192.0%
Operating Income

-$4.5M

Previous: $15.1M-129.7%
Gross Profit

$118M

Previous: $107M+10.9%
R&D Expense

$21.7M

No prior period
Stock-Based Comp

$17.5M

Previous: $18.5M-5.2%

Revenue & EPS history

BlackLine · Revenue · Quarterly

$156M

Q4 2023+11.3%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

BlackLine provided financial outlook for the first quarter and full year of 2024.

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 Q4 2023

Historical avgQ4 2023

-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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