Welcome to our dedicated page for Blackline news (Ticker: BL), a resource for investors and traders seeking the latest updates and insights on Blackline stock.
BlackLine, Inc. (Nasdaq: BL) is a software company focused on financial operations for the Office of the CFO, and its news flow reflects both its product evolution and corporate developments. The company describes its offering as a future-ready platform built on Studio360 and powered by Verity, a suite of embedded, auditable AI capabilities that support accurate, efficient, and intelligent financial operations.
News about BlackLine often highlights product and platform updates, including advances in AI and automation. For example, the company has announced the launch of Verity as its trusted AI offering for the Office of the CFO and the acquisition of WiseLayer, a provider of AI-powered agents designed to automate complex, judgment-based finance and accounting processes. These developments illustrate how BlackLine is integrating AI into its platform to support tasks such as accruals and payroll accounting.
Investors and finance professionals can also expect earnings and financial performance updates, such as quarterly results that detail revenue, margins, cash flow, customer counts, and key metrics like remaining performance obligation and net revenue retention. These releases typically include management commentary on execution, platform adoption, and the role of Studio360 and Verity in the company’s growth strategy.
BlackLine’s news includes corporate governance and shareholder-related items, such as changes in board composition, leadership transitions, stock buyback program updates, and statements regarding engagement with shareholders. In 2025, for example, the company reported the existence of an independent strategic committee of the board and responded publicly to letters from Engaged Capital concerning strategic alternatives and acquisition interest.
Additional coverage features geographic expansion and partnerships, including the launch of a locally hosted cloud region in Saudi Arabia in partnership with Google Cloud Platform and references to its role as an SAP Solution Extension provider. Recognition from third parties, such as industry awards for its CIO and partner accolades from SAP, also appears in BlackLine’s news stream.
For users following BL news, this page aggregates these updates in one place, making it easier to review product announcements, financial results, governance developments, and strategic communications as they are released.
Fusion Risk Management, a leading provider of operational resilience and business continuity software, has appointed Lisa Schreiber as Chief Customer Officer. Schreiber, a veteran technology and professional services executive, joins Fusion's Executive Leadership Team to lead customer success, professional services, and support organizations.
With over 25 years of experience in technology, professional services, and risk management, Schreiber previously served as Chief Customer Officer at BlackLine (Nasdaq: BL) and held executive roles at Forcepoint, Oracle Corp. (NYSE: ORCL), GoldenGate Software, and Charles Schwab Inc.
CEO Michael Campbell emphasized Fusion's commitment to customer service and expressed enthusiasm for Schreiber's addition to the team. Schreiber aims to focus on anticipating customer needs, ensuring they maximize their investment in Fusion's software, and delivering value to their organizations.
BlackLine, a platform for the Office of the CFO, has been named a Leader in IDC MarketScape: Worldwide Office of the CFO Record to Report 2024 Vendor Assessment. The report evaluated nine vendors based on their capabilities to support the record-to-report (R2R) process, which is important for accurate financial reporting and compliance.
The IDC MarketScape highlighted BlackLine's robust technical capabilities, including real-time data integration, automated workflow management, and advanced analytics. The platform supports key accounting functions such as account reconciliations, journal entry management, and intercompany transactions.
BlackLine's customer-centric innovation and comprehensive offering for managing intercompany transactions were also noted. The report suggests considering BlackLine for complex businesses seeking a robust, comprehensive, and compliant R2R solution.
BlackLine (NASDAQ: BL) has announced the appointment of David Henshall to its Board of Directors. Henshall brings extensive experience in enterprise software and financial expertise, having spent nearly 20 years in executive roles at Citrix, including as President and CEO. His appointment is expected to support BlackLine's strategic initiatives and long-term growth.
Owen Ryan, Co-CEO and Chairman of BlackLine, highlighted Henshall's unique executive experience in the enterprise software space, while Co-CEO and Founder Therese Tucker expressed enthusiasm for collaborating with Henshall to execute the company's strategic initiatives. Henshall himself stated he is honored to join BlackLine's board, recognizing the company's unique market position and comprehensive platform for the office of the CFO.
BlackLine (NASDAQ: BL), a platform for the Office of the CFO, has been named an Exemplary Vendor and Overall Leader in Financial Close in Ventana Research's 2024 Financial Close Buyer's Guide. The recognition highlights BlackLine's commitment to delivering future-ready financial operations that are accurate, efficient, and intelligent.
Ventana's evaluation, based on extensive market and product research, ranked BlackLine as a leader in seven out of ten categories. The company's strengths were noted in Product Experience, particularly for manageability, administration, privacy, and security, and in Customer Experience, notably for total cost of ownership (TCO) and return on investment (ROI).
BlackLine (Nasdaq: BL) has announced its participation in the upcoming Piper Sandler Growth Frontiers Conference. The event is scheduled for Wednesday, September 11, 2024, in Nashville, TN. BlackLine's management team will deliver a presentation at 1:00 PM CT.
Investors and interested parties can access the webcast of the presentation through BlackLine's investor relations website at https://investors.blackline.com. This conference provides an opportunity for BlackLine to showcase its growth strategies and connect with potential investors.
BlackLine (Nasdaq: BL) reported its Q2 2024 financial results, highlighting a total GAAP revenue of $160.5 million, an 11% increase from Q2 2023. The GAAP net income was $76.7 million, or $0.22 per diluted share, while non-GAAP net income was $42.9 million, or $0.58 per share. The company achieved a non-GAAP operating margin of 19.8%, up from 13.4% in Q2 2023.
Key metrics included adding 24 net new customers, expanding the user base to 396,366, and a dollar-based net revenue retention rate of 104%. Additionally, BlackLine repaid $250 million in convertible senior notes and announced a private offering of $675 million in 2029 convertible senior notes.
The financial outlook for Q3 2024 projects GAAP revenue of $162-$164 million and for full-year 2024, a GAAP revenue of $647-$651 million with a non-GAAP operating margin of 18%-19%.
BlackLine (Nasdaq: BL) has announced the date for its second quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended June 30, 2024, after market close on Tuesday, August 6, 2024. This will be followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET on the same day.
Investors and interested parties can access a live webcast and replay of the call on BlackLine's investor relations website. For those wishing to join via phone, registration is required, and dial-in details will be provided upon registration. To ensure a smooth experience, participants are encouraged to dial in fifteen minutes before the scheduled start time.
BlackLine (Nasdaq: BL) announced its new solution, SAP Account Substantiation and Automation by BlackLine, financial review option, which will be sold as an SAP Solution Extension. This product aims to assist CFOs with proactive analysis of financial statement items, offering transparency and traceability. BlackLine, a long-term SAP partner, provides unique record-to-report capabilities. SAP's chief accounting officer highlighted the efficiency, risk reduction, and transparency this solution offers. Key features include advanced reconciliation automation and centralized workspace for financial reviews. Over 1,300 companies use BlackLine with SAP products, benefiting from integration with more than 30 ERP systems.
BlackLine (Nasdaq: BL) has announced its participation in two upcoming investor conferences this June. The management team will present at the Baird 2024 Global Consumer, Technology & Services Conference on June 4, 2024, at 8:30am ET in New York, NY. The following day, June 5, 2024, BlackLine will also present at the William Blair 44th Annual Growth Stock Conference at 11:20am CT in Chicago, IL. Live webcasts of these presentations will be available on BlackLine’s investor relations website.
BlackLine announced an upsized and priced offering of $600 million in 1.00% convertible senior notes due 2029, up from $500 million. The notes are convertible into cash or BlackLine common stock and will be privately placed to qualified buyers. The proceeds, expected to be $588.3 million, will be used to repurchase $919.8 million of 2026 notes and for capped call transactions to reduce stock dilution. The notes bear a 1.00% interest rate, payable semi-annually, and mature in 2029. The conversion price is set at $68.47 per share, a 30% premium over the last share price. The sale closes on May 24, 2024.
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