BlackLine Announces Fourth Quarter and Full Year 2024 Financial Results

About this update from Blackline, Inc.

[{"type":"text","content":"LOS ANGELES, Feb. 11, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced financial results for the fourth quarter and full year ended December 31, 2024. “We believe our recent user conference and accelerating innovation are creating momentum for BlackLine,” said Owen Ryan, Co-CEO of BlackLine. “We're making progress on our key Investor Day initiatives, including the rollout of Studio360, advancement of our public sector opportunity, and expansion of our industry-specific strategy. While we recognize the work ahead to achieve our full vision, our strategic investments are building a solid foundation for future growth.” “By focusing our innovation on the evolving needs of the Office of the CFO, we continue to unlock new market opportunities and enhance our strategic position,” said Therese Tucker, Co-CEO of BlackLine. “Through our Studio360 platform along with AI-powered solutions and capabilities, we're delivering customer-focused innovation that we believe drive both our company's financial performance and our customers' ability to achieve greater operational efficiency across their finance and accounting organizations.” Fourth Quarter 2024 Financial Highlights Total GAAP revenues of $169.5 million, an increase of 9% compared to the fourth quarter of 2023.GAAP operating margin of 3.7%, compared to 8.2% in the fourth quarter of 2023.Non-GAAP operating margin of 18.1%, compared to 24.8% in the fourth quarter of 2023.GAAP net income attributable to BlackLine of $56.4 million, or $0.79 per diluted share compared to GAAP net income attributable to BlackLine of $22.1 million, or $0.32 per diluted share in the fourth quarter of 2023.Non-GAAP net income attributable to BlackLine of $34.6 million, or $0.47 per diluted share compared to non-GAAP net income attributable to BlackLine of $51.5 million, or $0.69 per diluted share in the fourth quarter of 2023.Operating cash flow of $43.8 million, compared to $42.2 million in the fourth quarter of 2023.Free cash flow of $36.5 million, compared to $35.3 million in the fourth quarter of 2023. Full Year 2024 Financial Highlights Total GAAP revenues of $653.3 million, an increase of 11% from 2023.GAAP operating margin of 2.8%, compared to 2.4% in 2023.Non-GAAP operating margin of 19.4%, compared to 16.5% in 2023.GAAP net income attributable to BlackLine of $161.2 million, or $1...

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