BLACKLINE, INC.
BL · Services-Prepackaged Software · 58.7M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Reference price $28.48 · est. market cap ~$1.7B — last insider sale, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Accounting-automation SaaS — profitable with strong free cash flow.
Strengths
- Profitable with strong FCF — operating margin 4%, net margin 4%, FCF $161M, FCF margin 23%
Risks
- Modest growth — +7%
- Competition — per 10-K
- Net-income volatility — net income growth -85%
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~95% of revenue from one customer/distributor — We derived approximately 95% of our revenue from subscriptions to our cloud-based software platform and approximately 5% from professional services for the year ended December 31, 2025
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Strong balance sheetStrong balance sheet — $778M cash & investments
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
75.2%
Operating margin
3.6%
Net margin
3.5%
Return on equity
7.4%
Return on assets
1.4%
Revenue growth (QoQ)
-0.0%
Net-income growth
-84.8%
Current ratio
1.5×
Free cash flow
$161M
EBITDA
$72M
Tangible book value
-$183M
Cash & investments
$778M
Stock comp / revenue
13.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Yamamoto Mika | Sell | 3.0K | $28.48 |
| 2026-06-01 | Stalick Michelle D | Sell | 780 | $30.93 |
| 2026-05-21 | HUGHES GREGORY | Sell | 1.6K | $30.25 |
| 2026-05-20 | Ryan Owen | Tax withheld | 2.2K | $30.84 |
| 2026-05-20 | Ryan Owen | Tax withheld | 2.0K | $30.84 |
| 2026-05-20 | Ryan Owen | Tax withheld | 2.4K | $30.84 |
| 2026-05-20 | Stalick Michelle D | Tax withheld | 143 | $30.84 |
| 2026-05-20 | Stalick Michelle D | Tax withheld | 161 | $30.84 |
| 2026-05-20 | Stalick Michelle D | Tax withheld | 266 | $30.84 |
| 2026-05-20 | Tucker Therese | Tax withheld | 2.2K | $30.84 |
| 2026-05-20 | Stalick Michelle D | Tax withheld | 301 | $30.84 |
| 2026-05-20 | Villanova Patrick | Tax withheld | 259 | $30.84 |
| 2026-05-20 | Villanova Patrick | Tax withheld | 300 | $30.84 |
| 2026-05-20 | Villanova Patrick | Tax withheld | 1.2K | $30.84 |
| 2026-05-20 | Van Houten Stuart | Tax withheld | 1.7K | $30.84 |
| 2026-05-20 | Ung Jeremy | Tax withheld | 1.4K | $30.84 |
| 2026-05-20 | Ung Jeremy | Tax withheld | 875 | $30.84 |
| 2026-05-20 | Tucker Therese | Tax withheld | 2.4K | $30.84 |
| 2026-05-20 | Morgan-Prager Karole | Tax withheld | 778 | $30.84 |
| 2026-05-20 | Morgan-Prager Karole | Tax withheld | 884 | $30.84 |
| 2026-05-20 | Morgan-Prager Karole | Tax withheld | 1.1K | $30.84 |
| 2026-05-20 | Tucker Therese | Tax withheld | 2.0K | $30.84 |
| 2026-05-20 | Duan Jimmy C | Tax withheld | 1.2K | $30.84 |
| 2026-05-20 | Duan Jimmy C | Tax withheld | 751 | $30.84 |
| 2026-05-18 | Stalick Michelle D | Sell | 459 | $30.25 |
| 2026-05-14 | Ryan Owen | Gift | 250 | — |
| 2026-05-07 | Prichard Megan | Grant | 6.4K | — |
| 2026-05-07 | Whye Barbara | Grant | 6.4K | — |
| 2026-05-07 | Rios Brunilda | Grant | 6.4K | — |
| 2026-05-07 | Yamamoto Mika | Grant | 6.4K | — |
| 2026-05-07 | Duncan Storm | Grant | 6.4K | — |
| 2026-05-07 | HENSHALL DAVID J | Grant | 6.4K | — |
| 2026-05-07 | Davidson Scott | Grant | 6.4K | — |
| 2026-05-07 | HUGHES GREGORY | Grant | 6.4K | — |
| 2026-05-07 | Balaji Saranga | Grant | 6.4K | — |
| 2026-05-07 | Drummond Camille | Grant | 6.4K | — |
| 2026-05-07 | Velastegui Sophia | Grant | 6.4K | — |
| 2026-05-06 | Drummond Camille | Tax withheld | 178 | $29.55 |
| 2026-04-01 | Ryan Owen | Grant | 150K | — |
| 2026-04-01 | Duan Jimmy C | Grant | 41K | — |
| 2026-04-01 | Morgan-Prager Karole | Grant | 47K | — |
| 2026-04-01 | Stalick Michelle D | Grant | 16K | — |
| 2026-04-01 | Ung Jeremy | Grant | 51K | — |
| 2026-04-01 | Van Houten Stuart | Grant | 48K | — |
| 2026-04-01 | Villanova Patrick | Grant | 63K | — |
| 2026-03-11 | Duncan Storm | Grant | 922 | — |
| 2026-03-11 | Prichard Megan | Grant | 922 | — |
| 2026-02-20 | Ung Jeremy | Option exercise | 5.2K | $36.15 |
| 2026-02-20 | Ung Jeremy | Tax withheld | 10K | $36.15 |
| 2026-02-20 | Villanova Patrick | Option exercise | 2.4K | $36.15 |
| 2026-02-20 | Villanova Patrick | Option exercise | 1.3K | $36.15 |
| 2026-02-20 | Villanova Patrick | Option exercise | 5.2K | $36.15 |
| 2026-02-20 | Villanova Patrick | Tax withheld | 11K | $36.15 |
| 2026-02-20 | Van Houten Stuart | Option exercise | 9.0K | $36.15 |
| 2026-02-20 | Van Houten Stuart | Tax withheld | 7.5K | $36.15 |
| 2026-02-20 | Tucker Therese | Option exercise | 22K | $36.15 |
| 2026-02-20 | Tucker Therese | Option exercise | 9.3K | $36.15 |
| 2026-02-20 | Tucker Therese | Option exercise | 11K | $36.15 |
| 2026-02-20 | Tucker Therese | Tax withheld | 32K | $36.15 |
| 2026-02-20 | Stalick Michelle D | Option exercise | 1.3K | $36.15 |
| 2026-02-20 | Stalick Michelle D | Tax withheld | 2.8K | $36.15 |
| 2026-02-20 | Ryan Owen | Tax withheld | 36K | $36.15 |
| 2026-02-20 | Ryan Owen | Option exercise | 9.3K | $36.15 |
| 2026-02-20 | Ryan Owen | Option exercise | 11K | $36.15 |
| 2026-02-20 | Morgan-Prager Karole | Option exercise | 7.2K | $36.15 |
| 2026-02-20 | Morgan-Prager Karole | Option exercise | 3.9K | $36.15 |
| 2026-02-20 | Morgan-Prager Karole | Option exercise | 4.6K | $36.15 |
| 2026-02-20 | Morgan-Prager Karole | Tax withheld | 15K | $36.15 |
| 2026-02-20 | Duan Jimmy C | Option exercise | 7.1K | $36.15 |
| 2026-02-20 | Duan Jimmy C | Option exercise | 4.5K | $36.15 |
| 2026-02-20 | Duan Jimmy C | Tax withheld | 5.6K | $36.15 |
| 2026-02-20 | Ryan Owen | Option exercise | 22K | $36.15 |
| 2026-02-20 | Ung Jeremy | Option exercise | 8.3K | $36.15 |
| 2026-02-20 | Ryan Owen | Gift | 75 | — |
| 2026-02-19 | Ryan Owen | Gift | 225 | — |
| 2026-02-18 | Tucker Therese | Gift | 27K | — |
| 2026-02-18 | Ryan Owen | Gift | 150 | — |
| 2025-11-25 | Morgan-Prager Karole | Grant | 2.9K | — |
| 2025-11-25 | Ung Jeremy | Grant | 1.9K | — |
| 2025-11-25 | Ryan Owen | Grant | 33K | — |
| 2025-11-20 | Ryan Owen | Tax withheld | 2.2K | $53.49 |
| 2025-11-20 | Villanova Patrick | Tax withheld | 220 | $53.49 |
| 2025-11-20 | Villanova Patrick | Tax withheld | 260 | $53.49 |
| 2025-11-20 | Villanova Patrick | Tax withheld | 299 | $53.49 |
| 2025-11-20 | Villanova Patrick | Tax withheld | 2.1K | $53.49 |
| 2025-11-20 | Ung Jeremy | Tax withheld | 1.4K | $53.49 |
| 2025-11-20 | Tucker Therese | Tax withheld | 2.2K | $53.49 |
| 2025-11-20 | Tucker Therese | Tax withheld | 2.0K | $53.49 |
| 2025-11-20 | Stalick Michelle D | Tax withheld | 172 | $53.49 |
| 2025-11-20 | Stalick Michelle D | Tax withheld | 143 | $53.49 |
| 2025-11-20 | Stalick Michelle D | Tax withheld | 161 | $53.49 |
| 2025-11-20 | Stalick Michelle D | Tax withheld | 265 | $53.49 |
| 2025-11-20 | Ryan Owen | Tax withheld | 2.0K | $53.49 |
| 2025-11-20 | Morgan-Prager Karole | Tax withheld | 571 | $53.49 |
| 2025-11-20 | Morgan-Prager Karole | Tax withheld | 776 | $53.49 |
| 2025-11-20 | Morgan-Prager Karole | Tax withheld | 882 | $53.49 |
| 2025-11-20 | Morgan-Prager Karole | Tax withheld | 7.1K | $53.49 |
| 2025-11-20 | Duan Jimmy C | Tax withheld | 1.2K | $53.49 |
| 2025-10-27 | Unterman Thomas | Sell | 910 | $55.00 |
| 2025-09-22 | Unterman Thomas | Sell | 910 | $55.00 |
| 2025-08-28 | Unterman Thomas | Sell | 910 | $55.00 |
| 2025-08-22 | Stalick Michelle D | Sell | 664 | $54.03 |
| 2025-08-20 | Duan Jimmy C | Tax withheld | 1.2K | $52.23 |
| 2025-08-20 | Ryan Owen | Tax withheld | 2.0K | $52.23 |
| 2025-08-20 | Morgan-Prager Karole | Tax withheld | 571 | $52.23 |
| 2025-08-20 | Morgan-Prager Karole | Tax withheld | 776 | $52.23 |
| 2025-08-20 | Morgan-Prager Karole | Tax withheld | 883 | $52.23 |
| 2025-08-20 | Villanova Patrick | Tax withheld | 220 | $52.23 |
| 2025-08-20 | Villanova Patrick | Tax withheld | 259 | $52.23 |
| 2025-08-20 | Villanova Patrick | Tax withheld | 299 | $52.23 |
| 2025-08-20 | Ung Jeremy | Tax withheld | 1.4K | $52.23 |
| 2025-08-20 | Tucker Therese | Tax withheld | 2.2K | $52.23 |
| 2025-08-20 | Tucker Therese | Tax withheld | 2.0K | $52.23 |
| 2025-08-20 | Stalick Michelle D | Tax withheld | 172 | $52.23 |
| 2025-08-20 | Stalick Michelle D | Tax withheld | 143 | $52.23 |
| 2025-08-20 | Stalick Michelle D | Tax withheld | 161 | $52.23 |
| 2025-08-20 | Stalick Michelle D | Tax withheld | 265 | $52.23 |
| 2025-08-20 | Ryan Owen | Tax withheld | 2.2K | $52.23 |
| 2025-08-08 | HENSHALL DAVID J | Buy | 10K | $48.60 |
| 2025-07-25 | HUGHES GREGORY | Grant | 3.0K | — |
| 2025-07-21 | Unterman Thomas | Sell | 885 | $56.70 |
| 2025-06-20 | Unterman Thomas | Sell | 910 | $55.23 |
| 2025-06-13 | Balaji Saranga | Grant | 3.4K | — |
| 2025-05-28 | Stalick Michelle D | Sell | 795 | $55.14 |
| 2025-05-21 | Woodhams Mark | Sell | 1.9K | $54.65 |
| 2025-05-20 | Villanova Patrick | Tax withheld | 220 | $55.43 |
| 2025-05-20 | Unterman Thomas | Sell | 910 | $55.00 |
| 2025-05-20 | Woodhams Mark | Tax withheld | 659 | $55.43 |
| 2025-05-20 | Woodhams Mark | Tax withheld | 706 | $55.43 |
| 2025-05-20 | Woodhams Mark | Tax withheld | 803 | $55.43 |
| 2025-05-20 | Villanova Patrick | Tax withheld | 260 | $55.43 |
| 2025-05-20 | Villanova Patrick | Tax withheld | 299 | $55.43 |
| 2025-05-20 | Ung Jeremy | Tax withheld | 5.6K | $55.43 |
| 2025-05-20 | Tucker Therese | Tax withheld | 2.2K | $55.43 |
| 2025-05-20 | Tucker Therese | Tax withheld | 2.0K | $55.43 |
| 2025-05-20 | Stalick Michelle D | Tax withheld | 172 | $55.43 |
| 2025-05-20 | Stalick Michelle D | Tax withheld | 143 | $55.43 |
| 2025-05-20 | Stalick Michelle D | Tax withheld | 161 | $55.43 |
| 2025-05-20 | Stalick Michelle D | Tax withheld | 1.1K | $55.43 |
| 2025-05-20 | Ryan Owen | Tax withheld | 2.2K | $55.43 |
| 2025-05-20 | Ryan Owen | Tax withheld | 2.0K | $55.43 |
| 2025-05-20 | Morgan-Prager Karole | Tax withheld | 571 | $55.43 |
| 2025-05-20 | Morgan-Prager Karole | Tax withheld | 776 | $55.43 |
| 2025-05-20 | Morgan-Prager Karole | Tax withheld | 882 | $55.43 |
| 2025-05-20 | Duan Jimmy C | Tax withheld | 3.1K | $55.43 |
| 2025-05-12 | Stalick Michelle D | Sell | 400 | $54.96 |
| 2025-05-12 | Unterman Thomas | Sell | 2.7K | $55.00 |
| 2025-05-08 | Velastegui Sophia | Grant | 3.8K | — |
| 2025-05-08 | Unterman Thomas | Grant | 3.8K | — |
| 2025-05-08 | HENSHALL DAVID J | Grant | 3.8K | — |
| 2025-05-08 | Davidson Scott | Grant | 3.8K | — |
| 2025-05-08 | Rios Brunilda | Grant | 3.8K | — |
| 2025-05-08 | Yamamoto Mika | Grant | 3.8K | — |
| 2025-05-08 | Whye Barbara | Grant | 3.8K | — |
| 2025-05-08 | Drummond Camille | Grant | 3.8K | — |
| 2025-05-07 | Drummond Camille | Tax withheld | 297 | $50.67 |
| 2025-04-02 | Villanova Patrick | Grant | 36K | — |
| 2025-04-02 | Van Houten Stuart | Grant | 61K | — |
| 2025-04-02 | Ung Jeremy | Grant | 36K | — |
| 2025-04-02 | Tucker Therese | Grant | 76K | — |
| 2025-04-02 | Stalick Michelle D | Grant | 9.2K | — |
| 2025-04-02 | Morgan-Prager Karole | Grant | 32K | — |
| 2025-04-02 | Duan Jimmy C | Grant | 30K | — |
| 2025-04-02 | Ryan Owen | Grant | 76K | — |
| 2025-03-14 | Davidson Scott | Grant | 668 | — |
| 2025-03-11 | Tucker Therese | Gift | 20K | — |
| 2025-02-21 | Woodhams Mark | Sell | 9.1K | $49.67 |
| 2025-02-20 | Morgan-Prager Karole | Option exercise | 6.2K | $49.32 |
| 2025-02-20 | Woodhams Mark | Option exercise | 5.3K | $49.32 |
| 2025-02-20 | Woodhams Mark | Option exercise | 5.7K | $49.32 |
| 2025-02-20 | Woodhams Mark | Tax withheld | 11K | $49.32 |
| 2025-02-20 | Villanova Patrick | Option exercise | 1.8K | $49.32 |
| 2025-02-20 | Villanova Patrick | Option exercise | 2.1K | $49.32 |
| 2025-02-20 | Villanova Patrick | Tax withheld | 3.9K | $49.32 |
| 2025-02-20 | Tucker Therese | Option exercise | 19K | $49.32 |
| 2025-02-20 | Tucker Therese | Tax withheld | 17K | $49.32 |
| 2025-02-20 | Ryan Owen | Option exercise | 19K | $49.32 |
| 2025-02-20 | Ryan Owen | Tax withheld | 17K | $49.32 |
| 2025-02-20 | Partin Mark | Option exercise | 8.8K | $49.32 |
| 2025-02-20 | Partin Mark | Option exercise | 9.5K | $49.32 |
| 2025-02-20 | Partin Mark | Tax withheld | 15K | $49.32 |
| 2025-02-20 | Morgan-Prager Karole | Option exercise | 4.6K | $49.32 |
| 2025-02-20 | Morgan-Prager Karole | Tax withheld | 11K | $49.32 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-08 | Shareholder vote | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-17 | Other | filing ↗ |
| 2026-03-10 | Material agreementExec/director changeReg FDExhibits | filing ↗ |
| 2026-02-10 | ResultsExhibits | filing ↗ |
| 2026-02-02 | OtherExhibits | filing ↗ |
| 2025-12-22 | Exec/director changeExhibits | filing ↗ |
| 2025-11-10 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-08 | 2026-05-07 | 0001628280-26-032872 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032255 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001171843-26-003023 ↗ |
| 8-K | 2026-03-17 | 2026-03-13 | 0001628280-26-018395 ↗ |
| 8-K | 2026-03-10 | 2026-03-08 | 0001193125-26-100451 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001628280-26-011915 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001171843-26-000734 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001193125-26-033869 ↗ |
| 8-K | 2025-12-22 | 2025-12-19 | 0001193125-25-328789 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001193125-25-273394 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628280-25-050628 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001171843-25-007093 ↗ |