BlackLine, Inc. (BL)

BlackLine's stock price has been influenced by several events over the past six months. Activist investor Engaged Capital announced its intention to nominate four director candidates to BlackLine's board, leading to a drop in BlackLine's stock price. Between January 6, 2025, and January 5, 2026, BlackLine's share price declined. The stock experienced a decline on the first trading day of 2026. BlackLine's Q3 2025 earnings met revenue expectations but indicated a slowdown in customer growth. BlackLine declined an acquisition offer from SAP. The company exceeded Q2 2025 revenue expectations, although customer growth slowed. BlackLine reported total GAAP revenues for Q1 2025, marking an increase compared to Q1 2024. BlackLine acquired WiseLayer to integrate AI-driven capabilities into its financial operations software.

While specific detailed patterns of demand seasonality for BlackLine's products and services are not explicitly provided, some seasonality in stock performance might exist. BlackLine's recent performance indicates a slowdown in demand, and analysts anticipate some demand headwinds. The company's Q3 2025 non-GAAP operating margin was expected to be lower due to higher seasonal expenses. Overall, while there isn't explicit information on seasonal fluctuations in product demand, the company has experienced moderating revenue growth and anticipates some demand challenges.

BlackLine, Inc. (BL) is an American enterprise software company specializing in cloud-based solutions for automating financial and accounting operations. It operates in the technology sector, specifically the software industry, offering financial accounting close solutions as SaaS. The company's main activities include financial close and consolidation, intercompany accounting, and invoice-to-cash services. BlackLine's products include Financial Close & Consolidation, Intercompany Accounting, and Invoice-to-Cash. BlackLine's offerings complement existing ERP and financial systems like SAP, Oracle, and NetSuite. In December 2025, BlackLine acquired WiseLayer, integrating AI-driven capabilities into its software.

BlackLine is headquartered in Los Angeles, California, USA, and has a global presence with 17 office locations worldwide. In the United States, it has offices in New York, Pleasanton, and Westport. Internationally, BlackLine has offices in Bengaluru, Birmingham, London, Vale of White Horse, Bucharest, Frankfurt, Łódź, Neuilly-sur-Seine, Singapore, Sydney, Tokyo, Vancouver, and Veenendaal. The company expanded its presence to Saudi Arabia in December 2025.

BlackLine has generally maintained a positive brand reputation, marked by industry recognition and innovation. In 2024, the company was recognized as a Leader in the IDC MarketScape and received the Most Innovative FinTech Solution award. Historically, BlackLine was recognized by Software Magazine and as a Leader in Gartner's Magic Quadrant. However, the company's reputation has faced scrutiny due to activist investor criticism and shareholder engagement.

BlackLine, Inc. has a diverse ownership structure, with a significant portion held by institutional investors. The company has 574 institutional owners and shareholders holding a total of 76,713,039 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Clearlake Capital Group, L.p., IJR - iShares Core S&P Small-Cap ETF, UBS Group AG, FSCSX - Software and IT Services Portfolio, First Manhattan Co, ICONIQ Capital, LLC, Conestoga Capital Advisors, LLC, and State Street Corp. Key individual owners include Slta Sumeru GP LLC, Therese Tucker, and Mario Spanicciati.