BlackLine, Inc. reported its financial results for the third quarter of 2025, revealing total revenues of $178.3 million, a 7% increase from $165.9 million in the same quarter of 2024. For the nine months ending September 30, 2025, revenues reached $517.2 million, up from $483.9 million year-over-year. The company's subscription and support revenue, which constitutes approximately 95% of total revenue, increased by 7% to $168.2 million for the quarter and $489.7 million for the nine months. However, net income attributable to BlackLine decreased significantly to $5.3 million for the quarter, down from $17.2 million in the prior year, and $19.6 million for the nine months, compared to $104.8 million in 2024.
The company experienced notable changes in its financial metrics compared to the previous fiscal period. Operating expenses rose to $126.3 million for the quarter, up from $116.4 million, driven by increased sales and marketing costs, which accounted for $67.5 million, an 8% increase. Research and development expenses also increased by 7% to $27.3 million. The rise in operating expenses, coupled with a decrease in net income, reflects the impact of restructuring costs related to workforce reductions and other strategic initiatives aimed at enhancing operational efficiency.
In terms of operational developments, BlackLine reported a total of 4,424 customers and 385,336 individual users as of September 30, 2025. The company launched its new AI capabilities suite, Verity, in September 2025, aimed at enhancing the efficiency of finance and accounting teams. The dollar-based net revenue retention rate was reported at 103%, a slight decline from 105% in the previous quarter, indicating challenges in customer retention and expansion amid economic uncertainties.
The company’s cash and cash equivalents, along with marketable securities, totaled $804.2 million at the end of the quarter, down from $1.1 billion at the end of 2024. This decline was primarily due to significant investments in marketable securities and stock repurchases, with BlackLine repurchasing approximately 2.1 million shares for $113 million during the quarter. The company has a stock buyback program authorized for up to $400 million, reflecting its commitment to returning value to shareholders.
Looking ahead, BlackLine anticipates continued challenges due to macroeconomic factors, including inflation and potential recessions, which may affect customer purchasing decisions. The company is focused on optimizing its operations and enhancing its product offerings to drive growth. Management remains cautious about the future, emphasizing the need for strategic alignment and efficiency improvements to navigate the evolving market landscape.
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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