Blackline Safety Corp. reported a record fiscal 2025 revenue of $150.5 million, representing a 28% increase year-over-year, and delivered adjusted EBITDA of $6.1 million, up from $2.4 million in the prior year. The company’s gross margin improved by 320 basis points to 58.7% as a result of higher service revenue mix and ongoing cost discipline. Fourth quarter revenue reached $41.2 million, marking the seventh consecutive quarter of sequential top-line growth, while adjusted EBITDA for the quarter was $1.5 million, driven by tight expense control and strong sales execution.

High-margin recurring service subscriptions continued to be the key growth engine, contributing $65.3 million or 43% of total revenue in fiscal 2025, up from $49.8 million a year earlier. The installed base of connected safety devices expanded by 22,000 units over the year to 138,000 units globally. Annualized recurring revenue (ARR) grew by 31% to $70.8 million, supported by a 96% retention rate and an average contract duration of 36 months. Service-related gross margins stabilized at 75.4%, underscoring the scalability of Blackline’s cloud-based platform.

In November, Blackline introduced the G8 wearable, described as the most connected safety device ever built by the company. G8 integrates four-gas detection, two-way voice communication, GPS tracking and fall-detection sensors in a single ruggedized enclosure. Field trials with industrial customers demonstrated a 40% reduction in emergency response times compared to legacy devices. Early pilot deployments in oil and gas, mining and utilities sectors have already generated $1.2 million in pre-orders for deployment in the first quarter of fiscal 2026.

Management reiterated its target of achieving $200 million in revenue and 10% adjusted EBITDA margin by fiscal 2027, driven by ongoing device rollouts, service upsells and geographic expansion into Europe and Asia Pacific. Sales pipelines in North America grew by 45% year-to-date, with large-enterprise accounts representing 30% of new bookings. The company plans to invest $12 million in R&D next year to further enhance its AI-driven analytics capabilities and support future product generations, positioning Blackline to capture a larger share of the $3.8 billion global connected safety market.