Business
Blackline Safety Reports Record First Quarter 2026 Revenue of $38.8 million and Record First Quarter Adjusted EBITDA of $1.7 million
Highest Ever Annual Recurring Revenue (1) ("ARR") of $90.5 million, up 28% year-over-year...
About this update from Blackline Safety Corp.
[{"type":"text","content":"Blackline Safety Reports Record First Quarter 2026 Revenue of $38.8 million and Record First Quarter Adjusted EBITDA of $1.7 million\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth16 { width: 16% }\n.bwwidth52 { width: 52% }\n \n\n\n\n\n Highest Ever Annual Recurring Revenue\n \n\n (1)\n \n\n (\"ARR\") of $90.5 million, up 28% year-over-year\n \n\n\n\n 7th consecutive quarter of positive Adjusted EBITDA\n \n (1)\n \n\n\n Record first quarter gross margin of 65% compared to 60% last year\n \n\n Net Dollar Retention\n \n (1)\n \n (\"NDR\") of 126%, eleventh consecutive quarter above 125%\n \n\n 36th consecutive quarter of year-over-year top-line growth\n \n\n\n\n\n\n Blackline Safety Corp.\n \n (\"Blackline\", the \"Company\", \"we\" or \"our\") (TSX: BLN), a global leader in connected safety technology, today reported its fiscal first quarter financial results for the period ended January 31, 2026.\n \n\n\n Management Commentary\n \n\n\n \"Blackline has delivered another strong quarter, achieving $38.8 million in first quarter revenue, surpassing our exceptionally strong first quarter last year. This marks our 36th consecutive quarter of year-over-year revenue growth, demonstrating the durability of our industrial, worker-focused business model and the sustained global demand for connected safety solutions,\" said Cody Slater, CEO and Chair, Blackline Safety Corp.\n \n\n Annual Recurring Revenue reached a record $90.5 million, a 28% year-over-year increase, reflecting continued expansion of our recurring software services base and strong customer retention. \"The growth in ARR underpins the value our global customer base gains from our connected safety platform,\" Slater continued....