BlackLine, Inc. reported its financial results for the first quarter of 2026, revealing a total revenue of $183.2 million, a 10% increase from $166.9 million in the same period last year. The growth was primarily driven by a rise in subscription and support revenue, which reached $173.7 million, up from $158.5 million, alongside professional services revenue that increased to $9.4 million from $8.5 million. The company achieved a net income attributable to BlackLine of $8.1 million, compared to $6.1 million in the prior year, reflecting a 34% increase. Basic net income per share rose to $0.14 from $0.10, while diluted net income per share increased to $0.13 from $0.10.
In terms of operational metrics, BlackLine's customer count decreased slightly to 4,301 from 4,455 year-over-year, as the company shifted its focus towards enterprise and mega-enterprise customers, aiming for higher-quality revenue. The dollar-based net revenue retention rate remained stable at 105%, indicating strong customer engagement and retention. The company also reported a gross margin of 76.0%, up from 75.5% in the previous year, attributed to effective cost management despite rising expenses in sales and marketing, research and development, and general administrative costs.
Strategically, BlackLine completed the acquisition of WiseLayer in December 2025 for $23.6 million, enhancing its capabilities in automating complex finance and accounting processes through AI-powered solutions. The company also launched Verity, a suite of AI capabilities integrated into its platform, aimed at improving operational efficiency for finance teams. Additionally, BlackLine has expanded its stock repurchase program, increasing the total authorization to $500 million, with $47.1 million spent on repurchasing approximately 1.2 million shares during the quarter.
The company’s cash and cash equivalents, along with marketable securities, totaled $525.1 million as of March 31, 2026, providing a solid liquidity position to support ongoing operations and strategic initiatives. Cash provided by operating activities was $46.3 million, slightly down from $46.7 million in the prior year, while cash used in investing activities showed a significant turnaround, with $96.9 million generated compared to a cash outflow of $399.0 million in the same quarter last year. This improvement was largely due to proceeds from the maturities and sales of marketable securities.
Looking ahead, BlackLine anticipates continued growth driven by its strategic focus on enterprise customers and the expansion of its product offerings. However, the company remains cautious about potential macroeconomic challenges, including inflation and geopolitical tensions, which could impact customer purchasing decisions and overall demand for its solutions. The management emphasized the importance of maintaining high customer satisfaction and leveraging its sales and customer success teams to maximize the lifetime value of customer relationships.
About BLACKLINE, INC.
BlackLine, Inc. provides cloud-based financial automation software designed for the Office of the CFO, streamlining complex accounting processes such as financial close, intercompany accounting, and invoice-to-cash. Its scalable platform integrates with major ERP systems to unify data, enhance accuracy, and improve compliance for mid-size to enterprise organizations globally. BlackLine’s solutions automate workflows, deliver real-time insights, and strengthen controls, supporting efficient, future-ready financial operations.
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