BlackLine Q3 revenue rises 8.5%, slightly misses estimates
BL•BlackLine’s preliminary third-quarter revenue rose 8.5% year over year to $193.4 million, slightly below the $194.16 million analyst estimate. The company increased its share buyback program by $100 million and expects fourth-quarter revenue of $195 million to $197 million.
1. Quarterly results
BlackLine reported preliminary third-quarter revenue of $193.4 million, up 8.5% year over year and slightly below the $194.16 million analyst consensus. Net income was $11.2 million, and EPS was $0.18. The company said adjusted EPS rose year over year, with no consensus estimate available for comparison.
2. Outlook and buyback
BlackLine expects fourth-quarter revenue of $195 million to $197 million and 2026 revenue of $759.5 million to $761.5 million. It said the timing of customer decisions influenced its updated outlook and increased its share buyback program by $100 million.
3. Business drivers
The company said customers are making larger and longer commitments to its platform. Its acquisition of NetNow expanded its Invoice-to-Cash offerings, including onboarding and credit risk management, and it highlighted continued investment in AI-driven financial operations tools.
