Financials BlackLine, Inc.

Equities

BL

US09239B1098

Software

Real-time Estimate Cboe BZX Other stock markets 01:27:42 2025-12-10 pm EST			5-day change	1st Jan Change
58.08 ^USD	-0.51%		-1.12%	-4.41%

03:40am	BlackLine Expands Cloud Presence in Saudi Arabia via Google Cloud Partnership	MT
01:36am	Blackline, Inc. Expands in Saudi Arabia to Support Growing Customer Demand	CI

Projected Income Statement: BlackLine, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	351.7	425.7	522.9	590	653.3	700.2	761.3	849.8
Change	-	21.03%	22.84%	12.82%	10.74%	7.18%	8.72%	11.64%
EBITDA ¹	55.46	53.21	55.08	127	157.3	191.2	214.8	254.1
Change	-	-4.04%	3.52%	130.58%	23.82%	21.57%	12.34%	18.33%
EBIT ¹	42.24	36.56	32	97.52	126.8	155.8	182.7	219.8
Change	-	-13.44%	-12.49%	204.76%	30.04%	22.86%	17.25%	20.31%
Interest Paid ¹	-18.81	-62.24	8.787	-	-	-6	-4	-
Earnings before Tax (EBT) ¹	-38.7	-100.9	-47.41	60.51	124.7	59.2	85.76	121.8
Change	-	-160.62%	52.99%	227.63%	106.08%	-52.52%	44.86%	41.99%
Net income ¹	-46.91	-115.2	-29.39	52.83	161.2	37.22	73.49	66.68
Change	-	-145.49%	74.48%	279.76%	205.06%	-76.91%	97.46%	-9.27%
Announcement Date	2/11/21	2/10/22	2/14/23	2/13/24	2/11/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	95.71	98.86	102.1	109.4	115.3	120.2	128.5	134.3	140	139	144.6	150.7	155.7	157.5	160.5	165.9	169.5	166.9	172	178.3	183	181.4	186.6	193.5	199.7	199	206.5	215.1
Change	-	3.29%	3.3%	7.13%	5.41%	4.26%	6.85%	4.51%	4.24%	-0.7%	4.02%	4.24%	3.33%	1.11%	1.93%	3.37%	2.14%	-1.49%	3.05%	3.64%	2.64%	-0.89%	2.87%	3.71%	3.24%	-0.35%	3.73%	4.2%
EBITDA ¹	16.5	10.33	13.5	19.28	10.1	9.754	13.42	21.88	29.77	27.57	31.67	31.85	46.14	39.45	44.38	45.36	38.47	42.8	46.01	46.28	54.06	48.89	51.55	54.87	60.7	-	-	-
Change	-	-37.37%	30.66%	42.79%	-47.61%	-3.43%	37.53%	63.09%	36.06%	-7.38%	14.88%	0.57%	44.86%	-14.5%	12.51%	2.2%	-15.19%	11.27%	7.51%	0.58%	16.8%	-9.55%	5.43%	6.44%	10.63%	-	-	-
EBIT ¹	13.11	6.684	9.518	15.16	5.196	0.607	2.756	10.7	17.94	15.56	19.32	24.07	38.56	26.8	31.73	37.62	30.65	34.95	38.01	38.14	44.7	41.25	43.76	46.18	50.28	50.3	53.61	57.9
Change	-	-49.03%	42.4%	59.33%	-65.74%	-88.32%	354.04%	288.17%	67.67%	-13.22%	24.15%	24.54%	60.23%	-30.5%	18.4%	18.57%	-18.53%	14.03%	8.74%	0.34%	17.2%	-7.7%	6.07%	5.54%	8.89%	0.04%	6.58%	8%
Charge d'intérêts ¹	-5.611	-14.8	-15.67	-16.11	-16.36	-0.929	0.258	2.905	6.553	-	-	-	-	-1.469	-2.089	-	-	-	-2.533	-	-2	-	-2	-	-2	-	-	-
Earnings before Tax (EBT) ¹	-12.8	-33.42	-25.25	-9.928	-32.26	-26.29	-12.44	-18.51	9.831	-6.103	28.99	11.47	26.15	15.64	79.3	16.67	13.09	9.945	13.57	13.26	22.31	15.6	17.72	20.69	24.83	-	-	-
Change	-	-160.99%	24.43%	60.69%	-224.97%	18.5%	52.71%	-48.89%	153.1%	-162.08%	575.05%	-60.45%	128.07%	-40.2%	407.04%	-78.98%	-21.46%	-24.04%	36.42%	-2.23%	68.18%	-30.06%	13.61%	16.74%	20.02%	-	-	-
Net income ¹	-16.98	-38.96	-25.45	-13.74	-37.01	-10.01	-10.66	-20.02	11.3	-12.01	30.85	11.92	22.07	10.83	76.69	17.24	56.42	6.055	8.292	5.285	17.07	15.61	16.89	19.15	21.65	-	-	-
Change	-	-129.4%	34.69%	46%	-169.34%	72.95%	-6.53%	-87.71%	156.47%	-206.23%	356.9%	-61.35%	85.1%	-50.93%	608.19%	-77.52%	227.28%	-89.27%	36.94%	-36.26%	223%	-8.58%	8.25%	13.37%	13.04%	-	-	-
Announcement Date	2/11/21	5/6/21	8/5/21	11/4/21	2/10/22	5/5/22	8/4/22	11/3/22	2/14/23	5/4/23	8/8/23	11/2/23	2/13/24	5/7/24	8/6/24	11/7/24	2/11/25	5/6/25	8/5/25	11/6/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: BlackLine, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-136	-83.3	311	186	6.76	48.9	-138	-362
Change	-	38.75%	473.35%	-40.19%	-96.37%	623.37%	-382.21%	-162.32%
Announcement Date	2/11/21	2/10/22	2/14/23	2/13/24	2/11/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: BlackLine, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	6.513	8.729	10.97	5.953	2.126	8.276	4.092	4.267
Change	-	34.02%	25.72%	-45.75%	-64.29%	289.25%	-50.56%	4.28%
Free Cash Flow (FCF) ¹	37.64	56.28	25.75	120.7	164	164.4	190	230.2
Change	-	49.5%	-54.25%	368.64%	35.92%	0.26%	15.56%	21.18%
Announcement Date	2/11/21	2/10/22	2/14/23	2/13/24	2/11/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: BlackLine, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.77%	12.5%	10.53%	21.53%	24.07%	27.3%	28.21%	29.9%
EBIT Margin (%)	12.01%	8.59%	6.12%	16.53%	19.41%	22.25%	24%	25.86%
EBT Margin (%)	-11%	-23.69%	-9.07%	10.26%	19.09%	8.45%	11.27%	14.33%
Net margin (%)	-13.34%	-27.05%	-5.62%	8.95%	24.67%	5.31%	9.65%	7.85%
FCF margin (%)	10.7%	13.22%	4.92%	20.45%	25.1%	23.48%	24.96%	27.09%
FCF / Net Income (%)	-80.25%	-48.87%	-87.6%	228.38%	101.75%	441.79%	258.54%	345.3%
Profitability
ROA	4.33%	2.49%	2.46%	7.18%	8.26%	-	-	-
ROE	11.23%	9.78%	21.17%	77.9%	45.81%	38.59%	41.75%	38.07%
Financial Health
Leverage (Debt/EBITDA)	-	-	5.65x	1.47x	0.04x	0.26x	-	-
Debt / Free cash flow	-	-	12.08x	1.54x	0.04x	0.3x	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.85%	2.05%	2.1%	1.01%	0.33%	1.18%	0.54%	0.5%
CAPEX / EBITDA (%)	11.74%	16.4%	19.92%	4.69%	1.35%	4.33%	1.91%	1.68%
CAPEX / FCF (%)	17.3%	15.51%	42.62%	4.93%	1.3%	5.03%	2.15%	1.85%
Items per share
Cash flow per share ¹	0.9631	1.282	0.941	1.757	2.596	2.457	2.756	-
Change	-	33.12%	-26.6%	86.76%	47.73%	-5.38%	12.18%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	7.647	6.062	1.864	4.241	7.131	6.03	8.69	12.05
Change	-	-20.72%	-69.25%	127.53%	68.14%	-15.44%	44.11%	38.67%
EPS ¹	-0.83	-1.97	-0.49	0.81	1.45	0.5275	0.92	1.163
Change	-	-137.35%	75.13%	265.31%	79.01%	-63.62%	74.41%	26.45%
Nbr of stocks (in thousands)	57,255	58,655	59,777	61,270	62,486	59,487	59,487	59,487
Announcement Date	2/11/21	2/10/22	2/14/23	2/13/24	2/11/25	-	-	-