Business
BlackLine Announces First Quarter Financial Results
LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced financial results for the first quarter ended March 31, 2025.
About this update from Blackline, Inc.
[{"type":"text","content":"LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced financial results for the first quarter ended March 31, 2025. “BlackLine’s first quarter delivered solid results with bookings exceeding expectations, driven by improved execution along with continued margin expansion,” said Owen Ryan, Co-CEO of BlackLine. “Our key strategic initiatives continue to advance steadily: Studio360 adoption is growing, our new pricing strategy is gaining traction, our industry-specific approach is building momentum, and our public sector business is progressing as planned. While navigating current market uncertainty, we are focused on managing the near-term without compromising our long-term vision and growth trajectory.” “We are accelerating innovation across our platform and product ecosystem,” said Therese Tucker, Co-CEO of BlackLine. “We are expanding the powerful capabilities of our Studio360 platform, integrating cutting-edge Agentic AI experiences across our products, and delivering unique and differentiated industry solutions. As we move forward, we’re not just improving existing processes – we are fundamentally reimagining how accounting and finance professionals work.” First Quarter 2025 Financial Highlights Total GAAP revenues of $166.9 million, an increase of 6% compared to the first quarter of 2024.GAAP operating margin of 2.1%, compared to 1.1% in the first quarter of 2024.Non-GAAP operating margin of 20.9%, compared to 17.0% in the first quarter of 2024.GAAP net income attributable to BlackLine of $6.1 million, or $0.10 per diluted share compared to GAAP net income attributable to BlackLine of $10.8 million, or $0.17 per diluted share in the first quarter of 2024.Non-GAAP net income attributable to BlackLine of $36.3 million, or $0.49 per diluted share compared to non-GAAP net income attributable to BlackLine of $40.1 million, or $0.54 per diluted share in the first quarter of 2024.Billings of $159.0 million, an increase of 9% compared to the first quarter of 2024.Remaining performance obligation of $913.2 million, an increase of 11% compared to March 31, 2024.Operating cash flow of $46.7 million, compared to $50.4 million in the first quarter of 2024.Free cash flow of $32.6 million, compared to $43.7 million in the first quarter of 2024.Repurchased approximately 0.9 million shares of common stoc...