Blackline (BL) Q3 FY2026 earnings: revenue $193 million, up 8.5% on the year

Blackline, Inc. (BL) reported revenue of $193 million for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier. Net income was $11 million, up 101.0% on the year, and diluted earnings per share $0.18. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$193 million

+8.5% on the year · +3.0% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

8.6%

4.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

$11 million

+101.0% on the year · -35.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.18

+100.0% on the year · -33.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 lowered, 4 new, 1 kept.

Revenue rose 8.5%: Total GAAP revenue was $193.4 million, up from $178.3 million. Subscription and support revenue was $183.1 million, up from $168.2 million. Professional services revenue was $10.3 million.
Full-year revenue guidance lowered: Full-year GAAP revenue guidance is $759.5 million to $761.5 million, down from $765 million to $769 million set in the prior release.
Full-year profit guidance lowered: Non-GAAP net income guidance is $174 million to $175 million, from $177 million to $182 million. Per-share guidance is $2.48 to $2.49, from $2.47 to $2.54.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	193	188	178	+3.0%	+8.5%
Cost of revenue	46.9	45.1	44.4	+3.9%	+5.7%
Gross profit	146	143	134	+2.7%	+9.4%
Gross margin	75.7%	76.0%	75.1%
Research and development	30.6	31.3	27.3	-2.3%	+11.8%
Operating income	16.7	11.0	7.6	+52.2%	+119.8%
Operating margin	8.6%	5.9%	4.3%
Interest expense	2.4	2.4	2.5	+0.7%	-6.6%
Pre-tax income	18.5	12.8	13.3	+44.9%	+39.5%
Income tax	7.3	3.5	4.7	+108.9%	+57.1%
Effective tax rate	39.5%	27.4%	35.1%
Net income	10.6	16.5	5.3	-35.6%	+101.0%
Net margin	5.5%	8.8%	3.0%
Diluted EPS	$0.18	$0.27	$0.09	-33.3%	+100.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	67.1	45.0	63.8	+49.1%	+5.1%
Capital expenditure	2.6	1.9	0.5	+35.3%	+385.6%
Free cash flow	64.5	43.1	63.3	+49.7%	+1.9%
Free cash flow margin	33.3%	22.9%	35.5%
Cash from investing	-60.5	-8.7	10.5
Cash from financing	-38.2	-35.3	-114
Depreciation and amortisation	12.6	12.4	11.6	+1.6%	+8.6%
Share-based compensation	21.7	27.5	23.4	-20.9%	-7.1%
Buybacks	38.7	38.5	112	+0.6%	-65.4%
Diluted shares, weighted	68m	69m	63m	-1.1%	+7.3%
Shares outstanding at period end	57m	58m	60m	-1.7%	-4.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	311	316	328	-1.7%	-5.3%
Redeemable equity	25.0	24.3	38.3	+2.9%	-34.6%
Debt	668	667	895	+0.1%	-25.4%
Operating lease liabilities	15.5	16.8	19.1	-8.0%	-18.9%
Finance lease liabilities	2.2	2.2	0.0	+0.6%	+5,074.4%
Other liabilities	442	442	423	+0.1%	+4.6%
Total liabilities and equity	1,464	1,469	1,704	-0.3%	-14.1%
Fixed assets	n/a	n/a	13.0
Goodwill	477	466	449	+2.4%	+6.2%
Intangible assets	47.0	41.8	48.9	+12.6%	-3.8%
Investments	320	285	384	+12.5%	-16.6%
Cash and equivalents	211	243	420	-12.9%	-49.6%
Receivables	174	190	156	-8.4%	+12.0%
Other assets	234	244	233	-3.9%	+0.4%
Total assets	1,464	1,469	1,704	-0.3%	-14.1%

Questions

What was Blackline's revenue in Q3 FY2026?

Blackline (BL) reported revenue of $193 million for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier.

How much did Blackline earn in Q3 FY2026?

Net income for Q3 FY2026 was $11 million, up 101.0% on the year, and diluted earnings per share $0.18.

When did Blackline report Q3 FY2026 results?

Blackline filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	115	120	128	134	140	139	145	151	156	157	161	166	169	167	172	178	183	183	188	193
Cost of revenue	28.0	30.7	32.9	32.4	33.4	35.3	37.1	36.8	37.6	39.1	40.3	41.1	41.4	40.9	42.6	44.4	45.5	44.0	45.1	46.9
Gross profit	87.4	89.6	95.6	102	107	104	107	114	118	118	120	125	128	126	129	134	138	139	143	146
Gross margin	76%	74%	74%	76%	76%	75%	74%	76%	76%	75%	75%	75%	76%	75%	75%	75%	75%	76%	76%	76%
R&D	20.7	25.2	27.9	27.7	28.0	27.1	26.8	26.7	22.6	25.0	25.7	25.6	24.6	25.7	28.0	27.3	28.2	30.6	31.3	30.6
Operating income	-16.2	-25.4	-12.7	-21.4	3.3	-15.3	17.9	-1.1	12.8	1.7	2.2	8.4	6.2	3.6	7.5	7.6	6.8	6.2	11.0	16.7
Operating margin	-14%	-21%	-10%	-16%	2%	-11%	12%	-1%	8%	1%	1%	5%	4%	2%	4%	4%	4%	3%	6%	9%
Interest expense	16.4	1.4	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	2.1	2.7	2.5	2.5	2.5	2.5	2.5	2.5	2.4	2.4
Pre-tax income	-32.3	-26.3	-12.4	-18.5	9.8	-6.1	29.0	11.5	26.2	15.6	79.3	16.7	13.1	9.9	13.6	13.3	11.5	9.8	12.8	18.5
Tax rate	n/a	n/a	n/a	n/a	-7%	n/a	3%	-17%	7%	6%	5%	13%	-385%	47%	46%	35%	48%	60%	27%	40%
Net income	-37.0	-10.0	-10.7	-20.0	11.3	-12.0	30.8	11.9	22.1	10.8	76.7	17.2	56.4	6.1	8.3	5.3	4.9	8.1	16.5	10.6
Net margin	-32%	-8%	-8%	-15%	8%	-9%	21%	8%	14%	7%	48%	10%	33%	4%	5%	3%	3%	4%	9%	5%
Diluted EPS	-$0.63	-$0.17	-$0.18	-$0.34	$0.18	-$0.20	$0.45	$0.19	$0.32	$0.17	$0.22	$0.27	$0.79	$0.10	$0.13	$0.09	$0.08	$0.13	$0.27	$0.18
Operating cash flow	22.1	0.2	5.9	24.2	25.8	22.9	24.6	37.0	42.2	50.4	40.7	55.9	43.8	46.7	32.3	63.8	26.7	46.3	45.0	67.1
Capital expenditure	3.5	1.5	5.8	2.4	1.2	1.7	1.2	1.1	2.0	0.3	0.7	0.4	0.8	6.0	1.0	0.5	0.6	2.1	1.9	2.6
Free cash flow	18.6	-1.4	0.1	21.7	24.5	21.2	23.4	35.9	40.1	50.1	40.0	55.5	43.0	40.8	31.4	63.3	26.1	44.2	43.1	64.5
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	45.5	43.3	112	34.8	46.0	38.5	38.7
Shares outstanding	59m	59m	60m	60m	60m	60m	61m	61m	62m	62m	62m	62m	63m	62m	62m	60m	60m	59m	58m	57m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.