BlackLine, Inc. (BL) Earnings
BlackLine, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.57. BL has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +16.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.45 | $0.56 | +24.4% | $183M | +1.2% |
| Nov 6, 2025 | $0.51 | $0.51 | +0.0% | $178M | -2.6% |
| Nov 7, 2024 | $0.52 | $0.60 | +15.4% | $166M | +1.7% |
| Feb 13, 2024 | $0.55 | $0.69 | +25.5% | $156M | +0.9% |
| Nov 2, 2023 | $0.36 | $0.51 | +41.7% | $151M | +0.6% |
| May 4, 2023 | $0.16 | $0.34 | +112.5% | $139M | +0.6% |
| Feb 14, 2023 | $0.17 | $0.35 | +105.9% | $140M | +0.3% |
| Nov 3, 2022 | $0.09 | $0.21 | +133.3% | $134M | +0.1% |
| Aug 4, 2022 | $0.01 | $0.07 | +900.0% | $128M | +1.5% |
| May 5, 2022 | $-0.08 | $0.01 | +112.5% | $120M | +0.6% |
| Feb 10, 2022 | $0.10 | $0.08 | -20.0% | $115M | +1.5% |
| Nov 4, 2021 | $0.11 | $0.24 | +118.2% | $109M | +2.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Owen Ryan discussed the momentum from the technology vision, with Q1 results showing solid top-line growth and profitability. Platform adoption continued with Studio 360 reaching 13% of eligible ARR. Verity portfolio progress, including various agents like Verity Prepare, Verity Match, Verity Collect, and Verity Accruals, with adoption and usage growing. Engineering teams using AI augmented coding practices reduced time from idea to production by 22%. Customer base health with increase in customers over $1 million in ARR, solid net revenue retention, and revenue renewal rate. Partner ecosystem and SAP relationship contributions, including integration with SAP's Advanced Financial Close and Joule Verity progress.
Guidance
For Q2 2026, total revenue expected in range of $186 to $188 million, non-GAAP operating margin 21.5 to 22.5%, non-GAAP net income attributable in range of $40 to $42 million. For full year 2026, total GAAP revenue expected in range of $765 to $769 million, non-GAAP operating margin 24 to 24.5%, non-GAAP net income attributable $174 to $182 million. First quarter top-line performance had ~$1 million non-recurring benefit, with modest revenue headwind from FX over balance of year.
Segment performance
Total revenue was $183 million, up 10%, with subscription revenue growing 10% and service revenue growing 11%. ARR reached $712 million, up 9%. RPO grew 18% to $1.1 billion. Non-GAAP subscription gross margin improved to 83%, non-GAAP gross margin to 80.2%, non-GAAP operating margin 21.6%. Non-GAAP net income attributable to Blackline was $40 million, operating cash flow $46 million, free cash flow $36 million. Strategic products represented 37% of sales in Q1. 94% of eligible new bookings landed on platform pricing.
Risks & headwinds
Actual results could differ materially from forward-looking statements due to risks and uncertainties including those in periodic reports. Lower mid-market churn headwind, geopolitical tensions potentially impacting investments, macroeconomic uncertainties.
Analyst Q&A
Q: About Verity adoption and strategic product bookings mix.
A: Alex Sklar's questions were addressed, with discussion on Verity adoption, usage, strategic product sales into platform, and platform pricing impact.
Q: On RPO, Verity transaction volume.
A: Chris Quintero's questions answered, talking about customer commitments, RPO growth, and Verity transaction volume.
Q: On SAP, public sector opportunity.
A: Patrick Walraven's question answered, discussing SAP relationship, public sector opportunity, and deal size dynamics.
Q: On Verity transition from POCs to scaled enterprise production, platform pricing cadence.
A: George Kurosawa's questions answered, with Jeremy Young and Patrick discussing transition process and platform pricing.
Q: On Solex partnership, go-to-market, margin structure.
A: Matt VanVleet's questions answered, with discussion on Solex partnership, go-to-market execution, and margin structure.
Q: On customers allocating resources between AI products and digital transformation, Middle East impact.
A: Daniel Jester's questions answered, with discussion on resource allocation and Middle East impact.
Q: On Verity usage ramp, customers' AI component usage.
A: Rob Oliver's questions answered, talking about Verity usage ramp and customers' AI component usage.
Q: On mid-market churn, demand environment outside NA.
A: Patrick O'Neil and Billy Fitzsimmons' questions answered, discussing mid-market churn and demand environment outside North America.
Q: On $1 million non-recurring benefit, win rates.
A: Adam Hotchkiss' questions answered, with Patrick and Owen discussing the non-recurring benefit and win rates.