BlackLine Q2 revenue rises 9%, slightly beats estimates

BlackLine expects third-quarter 2026 GAAP revenue of $193 million to $195 million. For full-year 2026, the company sees GAAP revenue between $765 million and $769 million.

The company said demand remains strong despite variable deal timing due to AI-driven customer evaluations.

BlackLine increased its stock buyback program by $100 million and repurchased 1.2 million shares in the second quarter.

BlackLine said preliminary second-quarter revenue rose 9%, slightly beating analyst expectations. Adjusted earnings per share for the quarter was $0.27.

The company reported second-quarter net income of $9.27 million, gross profit of $142.68 million and operating expenses of $131.69 million.

BlackLine said accelerating adoption and monetization of its Verity AI agents drove platform conversion and direct revenue. It also said deal timing was "noisy" as customers conducted more rigorous, AI-driven evaluations, though demand remained strong.