Recent News
On August 26, 2025 BlackLine announced an investor session to be held at its BeyondTheBlack customer conference on September 9 in Las Vegas, highlighting platform and strategy updates ahead of the event.
Technical Analysis
ADX / DI+/DI-: ADX registers 28.14, indicating a strong trend strength. DI+ shows a dip-and-reversal, signaling renewed bullish directional pressure; DI- shows a decreasing trend, which aligns with reduced bearish directional pressure and supports a positive near-term price bias.
MACD: MACD sits at -0.54 with a dip-and-reversal trend and the MACD line above the signal line (-0.54 > -0.72), which constitutes a bullish momentum shift and implies increasing upward momentum from recent lows.
MRO (Momentum/Regression Oscillator): MRO reads -22.57 (negative), indicating the price sits below the model target and therefore carries potential to move higher toward that target; the MRO trend shows a dip-and-reversal, reinforcing upside potential.
RSI: RSI at 48.18 with a dip-and-reversal trend signals improving momentum without overbought conditions, supporting the case for continued measured appreciation rather than an immediate exhaustion.
Price Versus Moving Averages and Cloud: The close at $53.90 sits above the 12-day and 26-day EMAs and above the 20-day and 200-day averages, while the 12-day EMA shows a dip-and-reversal. Ichimoku components (Tenkan-sen $51.43, Kijun-sen $52.40, Senkou A $52.70, Senkou B $53.13) place price above the short-term conversion and baseline lines and above the cloud, which supports a bullish bias consistent with the MACD and DI+ reversal.
Bollinger Bands & Volatility: Price trades near the upper Bollinger band levels (upper 1x std dev $52.30; upper 2x std dev $53.83), indicating short-term extension; 42-day and 52-week volatility both at 2% reflect relatively low realized volatility despite the band extension, suggesting moves could continue without extreme dispersion.
Support / Volume Context: Super trend lower support sits at $49.96 while recent volume (1,024,992) exceeds the 10-day average (799,171) and 50/200-day averages, indicating higher-than-normal participation on the latest price action and lending conviction to the technical reversal signals.
Fundamental Analysis
Profitability & Margins: EBIT stands at $16,100,000 with EBITDA of $27,575,000 and an EBIT margin of 9.36%. That EBIT margin compares below the industry peer mean of 34.26% and below the industry peer median of 43.47%, and sits inside the industry peer range spanning approximately -124.56% to 74.31%. QoQ change in EBIT margin registers +25.32%; YoY change reads -81.54%.
Revenue & Growth: Total revenue shows at $172,025,000. Revenue growth year‑over‑year registers 57.81%, while the revenue growth quarter‑over‑quarter figure shows -304.56% as provided; both figures shape the near-term top-line momentum assessment and require monitoring across upcoming reports.
Earnings & Cash Flow: Reported EPS actuals show $0.61 versus an estimate of $0.51, yielding an EPS surprise of +19.61%. Operating cash flow stands at $32,345,000 with free cash flow of $25,385,000 and a free cash flow yield of 0.76%, which sits above the industry peer mean free cash flow yield of 0.53%. Free cash flow growth shows -22.19% while free cash growth quarter-over-quarter reads +107.76% and year-over-year +4.30% according to the provided figures.
Leverage & Liquidity: Total debt totals $921,415,000 with net debt $435,213,000. Debt-to-assets equals 51.40%, and debt-to-equity equals 222.54%; those leverage metrics sit above the industry peer mean debt-to-equity of 29.79% and inside the industry peer range up to 300.82%. Current ratio registers 1.64, slightly below the industry peer mean of 1.69 but within the peer range. Cash and short-term investments total $857,418,000, producing a cash ratio of 133.18% and a cash position that materially offsets maturities in the near term.
Operational Efficiency & Returns: Gross margin measures 75.22%, above the industry peer mean of 72.32% and median of 68.59%. Asset turnover reads 9.63% (industry peer mean 12.98%), and return on equity equals 2.00% versus an industry peer mean of 6.97%. QoQ return-on-equity change shows +38.23% while YoY reads -91.49%.
Valuation Metrics: Price-to-earnings stands at 89.77x with a forward PE of 94.59x and an EV/Revenue (enterprise multiple) near 123.44x. Price-to-sales registers 19.41x. WMDST values the stock as under-valued, which reflects WMDST’s internal valuation framework applied to the company’s cash generation, margins, and growth profile.
Earnings Note: The company released second-quarter 2025 results on August 5, 2025 showing total GAAP revenues of $172.0 million, GAAP operating margin of 4.4%, and GAAP net income of $8.3 million for the quarter; billings and remaining performance obligation showed year-over-year increases.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 479.8 M |
| Operating Cash Flow | $ 32.3 M | |
| Capital Expenditures | $ -6.96 M | |
| Change In Working Capital | $ -9.81 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -20.38 M | |
| End Period Cash Flow | $ 459.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 172.0 M | |
| Forward Revenue | $ 182.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 42.6 M | |
| Depreciation | $ 11.5 M | |
| Depreciation and Amortization | $ 11.5 M | |
| Research and Development | $ 28.0 M | |
| Total Operating Expenses | $ 163.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 129.4 M | |
| EBITDA | $ 27.6 M | |
| EBIT | $ 16.1 M | |
| Operating Income | $ 8.6 M | |
| Interest Income | $ 8.6 M | |
| Interest Expense | $ 2.5 M | |
| Net Interest Income | $ 6.0 M | |
| Income Before Tax | $ 13.6 M | |
| Tax Provision | $ 6.2 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 8.3 M | |
| Net Income From Continuing Operations | $ 7.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.51 | |
| EPS Actual | $ 0.61 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 19.608 % | |
| Forward EPS | $ 0.57 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 548.9 M | |
| Net Tangible Assets | $ -134.87 M | |
| Total Current Assets | $ 1.1 B | |
| Cash and Short-Term Investments | $ 857.4 M | |
| Cash | $ 459.1 M | |
| Net Receivables | $ 175.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 92.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 11.5 M | |
| Short-Term Debt | $ 229.6 M | |
| Total Current Liabilities | $ 643.8 M | |
| Net Debt | $ 435.2 M | |
| Total Debt | $ 921.4 M | |
| Total Liabilities | $ 1.3 B | |
| EQUITY | ||
| Total Equity | $ 414.0 M | |
| Retained Earnings | $ -37.38 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.64 | |
| Shares Outstanding | 61.881 M | |
| Revenue Per-Share | $ 2.76 | |
| VALUATION | Market Capitalization | $ 3.3 B |
| Enterprise Value | $ 3.4 B | |
| Enterprise Multiple | 123.439 | |
| Enterprise Multiple QoQ | -6.91 % | |
| Enterprise Multiple YoY | 405.306 % | |
| Enterprise Multiple IPRWA | high: 634.148 BL: 123.439 mean: 91.204 median: 82.154 low: -577.222 |
|
| EV/R | 19.787 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.33 | |
| Asset To Liability | 1.334 | |
| Debt To Capital | 0.69 | |
| Debt To Assets | 0.514 | |
| Debt To Assets QoQ | -0.665 % | |
| Debt To Assets YoY | 288.878 % | |
| Debt To Assets IPRWA | high: 1.095 BL: 0.514 mean: 0.161 median: 0.098 low: 0.002 |
|
| Debt To Equity | 2.225 | |
| Debt To Equity QoQ | 0.912 % | |
| Debt To Equity YoY | 190.108 % | |
| Debt To Equity IPRWA | high: 3.008 BL: 2.225 mean: 0.298 median: 0.176 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.066 | |
| Price To Book QoQ | 7.95 % | |
| Price To Book YoY | -15.027 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.07 median: 10.727 BL: 8.066 low: -16.218 |
|
| Price To Earnings (P/E) | 89.775 | |
| Price To Earnings QoQ | -11.144 % | |
| Price To Earnings YoY | 4.683 % | |
| Price To Earnings IPRWA | high: 564.562 mean: 139.094 median: 130.187 BL: 89.775 low: -357.639 |
|
| PE/G Ratio | 3.666 | |
| Price To Sales (P/S) | 19.415 | |
| Price To Sales QoQ | 3.786 % | |
| Price To Sales YoY | 0.77 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.693 BL: 19.415 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 94.589 | |
| Forward PE/G | 3.862 | |
| Forward P/S | 18.208 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 9.55 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.096 | |
| Asset Turnover Ratio QoQ | 3.986 % | |
| Asset Turnover Ratio YoY | 19.338 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 mean: 0.13 median: 0.129 BL: 0.096 low: 0.0 |
|
| Receivables Turnover | 1.07 | |
| Receivables Turnover Ratio QoQ | 4.051 % | |
| Receivables Turnover Ratio YoY | -12.343 % | |
| Receivables Turnover Ratio IPRWA | high: 4.687 mean: 1.421 median: 1.257 BL: 1.07 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 85.304 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.417 | |
| CapEx To Revenue | -0.04 | |
| CapEx To Depreciation | -0.607 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.3 B | |
| Invested Capital | $ 1.3 B | |
| Net Tangible Assets | $ -134.87 M | |
| Net Working Capital | $ 412.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.332 | |
| Current Ratio | 1.64 | |
| Current Ratio QoQ | -0.899 % | |
| Current Ratio YoY | -16.004 % | |
| Current Ratio IPRWA | high: 9.787 mean: 1.695 BL: 1.64 median: 1.353 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 33.415 | |
| Cost Of Debt | 0.217 % | |
| Interest Coverage Ratio | 6.356 | |
| Interest Coverage Ratio QoQ | 28.58 % | |
| Interest Coverage Ratio YoY | -83.685 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 median: 54.034 mean: 37.813 BL: 6.356 low: -203.84 |
|
| Operating Cash Flow Ratio | -0.002 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 17.257 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.648 % | |
| Revenue Growth | 3.052 % | |
| Revenue Growth QoQ | -304.558 % | |
| Revenue Growth YoY | 57.808 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 9.099 % mean: 6.946 % BL: 3.052 % low: -28.474 % |
|
| Earnings Growth | 24.49 % | |
| Earnings Growth QoQ | 475.558 % | |
| Earnings Growth YoY | 230.633 % | |
| Earnings Growth IPRWA | high: 157.143 % BL: 24.49 % median: 5.491 % mean: 4.766 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 75.223 % | |
| Gross Margin QoQ | -0.346 % | |
| Gross Margin YoY | 0.482 % | |
| Gross Margin IPRWA | high: 91.297 % BL: 75.223 % mean: 72.321 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | 9.359 % | |
| EBIT Margin QoQ | 25.321 % | |
| EBIT Margin YoY | -81.542 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.264 % BL: 9.359 % low: -124.558 % |
|
| Return On Sales (ROS) | 4.993 % | |
| Return On Sales QoQ | -33.141 % | |
| Return On Sales YoY | -90.153 % | |
| Return On Sales IPRWA | high: 76.082 % median: 44.901 % mean: 34.026 % BL: 4.993 % low: -117.376 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 25.4 M | |
| Free Cash Flow Yield | 0.76 % | |
| Free Cash Flow Yield QoQ | -27.273 % | |
| Free Cash Flow Yield YoY | -31.655 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % BL: 0.76 % median: 0.694 % mean: 0.528 % low: -8.108 % |
|
| Free Cash Growth | -22.189 % | |
| Free Cash Growth QoQ | 107.762 % | |
| Free Cash Growth YoY | 4.296 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.191 % BL: -22.189 % low: -316.997 % |
|
| Free Cash To Net Income | 3.061 | |
| Cash Flow Margin | -0.63 % | |
| Cash Flow To Earnings | -0.131 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.464 % | |
| Return On Assets QoQ | 38.095 % | |
| Return On Assets YoY | -87.961 % | |
| Return On Assets IPRWA | high: 18.439 % median: 4.609 % mean: 3.906 % BL: 0.464 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | 1.401 % | |
| Return On Equity (ROE) | 0.02 | |
| Return On Equity QoQ | 38.233 % | |
| Return On Equity YoY | -91.492 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 BL: 0.02 low: -0.337 |
|
| DuPont ROE | 1.993 % | |
| Return On Invested Capital (ROIC) | 0.972 % | |
| Return On Invested Capital QoQ | 70.526 % | |
| Return On Invested Capital YoY | -110.047 % | |
| Return On Invested Capital IPRWA | high: 14.979 % median: 7.176 % mean: 5.596 % BL: 0.972 % low: -13.978 % |
|