BlackLine, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $172.0 million, a 7% increase from $160.5 million in the same quarter of 2024. For the six months ending June 30, 2025, the company generated revenues of $339.0 million, up from $318.0 million year-over-year. The growth in revenue was primarily driven by an increase in subscription and support services, which accounted for approximately 95% of total revenue. The company reported a net income attributable to BlackLine of $8.3 million for the quarter, a significant decrease from $76.7 million in the prior year, and $14.3 million for the six months, down from $87.5 million.
The financial performance reflects several operational changes, including a restructuring program initiated in March 2025, which resulted in a workforce reduction of approximately 7%, or 130 positions. This restructuring led to one-time termination benefits of $1.0 million in the second quarter and $6.3 million for the first half of the year. Additionally, the company experienced a decline in interest income, which fell to $8.6 million in the second quarter from $14.1 million a year earlier, attributed to lower average balances and interest rates on investments.
BlackLine's customer base remained stable, with 4,451 customers reported as of June 30, 2025, compared to 4,435 a year prior. However, the total number of users decreased by 2% to 389,559, reflecting customer migrations to a new pricing model. The company’s dollar-based net revenue retention rate improved to 105%, indicating strong customer loyalty and expansion within existing accounts. The company continues to expand its geographic footprint, with operations in multiple countries, including Australia, Canada, and several European nations.
Looking ahead, BlackLine anticipates that macroeconomic factors, such as inflation and rising interest rates, may impact customer purchasing decisions and overall demand for its products. The company has expressed confidence in its ability to navigate these challenges, supported by a strong liquidity position of $857.4 million in cash and marketable securities as of June 30, 2025. BlackLine plans to continue investing in product development and strategic partnerships to enhance its offerings and drive future growth.
About BLACKLINE, INC.
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