What is the 13F Pro Quality Score for BL?

13F Pro ranks BLACKLINE, INC. (BL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BL's current score at https://13fpro.ai/research/BL (free sign-up required for the full ranking).

Where does 13F Pro source BL data?

All BLACKLINE, INC. fundamentals and ownership data come directly from SEC EDGAR. BLACKLINE, INC. files with the SEC under CIK 1666134. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BL in?

BLACKLINE, INC. (BL) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is BL research updated on 13F Pro?

BL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

BLACKLINE, INC.(BL)Stock Analysis

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13F Pro Quality Score

49.9/100

Rank #1,488 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

62.3/100

Profitability

34.7/100

Balance Sheet

48.6/100

Earnings Quality

19.6/100

Free Cash Flow

82.9/100

Institutional Flow

54.0/100

Revenue Scale

42.5/100

Dilution Risk

13.9/100

BL Stock Analysis & AI Quality Score

AI stock analysis and institutional research for BLACKLINE, INC. (BL), a Technology sector company. 13F Pro's AI-powered ranking engine scores BL at 49.9/100 on a 32-signal composite quality model, placing it at rank #1,488 of 2,879 stocks — the bottom half of the AI-ranked universe. BL scores in the top quartile across free cash flow (82.9). Areas of concern include earnings quality (19.6) and profitability (34.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 13.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), BLACKLINE, INC. reports quarterly revenue of $183.2M, net income of $8.1M, an operating margin of 3.4%. Top institutional holders of BL by reported 13-F value include BlackRock,, CLEARLAKE CAPITAL GROUP, L.P., VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. BL trades on the Nasdaq exchange and files with the SEC under CIK 1666134. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BLACKLINE, INC. directly from SEC EDGAR. BLACKLINE, INC.'s 13F Pro composite quality score has ranged between 8 and 71 since 2021, currently 49.9 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about BLACKLINE, INC.

Quirks, history, and lore behind BL — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software-as-a-service company · mid-cap · listed on Nasdaq · headquartered in California.
2
The Numbers
Annual revenue in the neighborhood of $600 million, with a customer base concentrated among large enterprises that need to keep their books squeaky clean.
3
The History
Founded in the early 2000s, it was built on the insight that spreadsheets and email were a dangerous way to manage the financial close — and that accountants deserved better.
4
The Secret
Its core mission is continuous accounting — automating the tedious, error-prone process of reconciling accounts and closing the books at month-end.
5
The Lore
The company was founded by an accountant who lived the pain firsthand, and its platform is now used by thousands of companies to replace millions of manual spreadsheet rows every quarter.
6
The Giveaway
Its ticker is simply BL, its name evokes a bold line drawn through financial chaos, and its tagline is basically: close the books faster, sleep better.

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Revenue

Q1 2026

$183.2M

Net Income

Q1 2026

$8.1M

Free Cash Flow

Q1 2026

$44.2M

Operating Margin

Q1 2026

3.4%

ROIC

Q1 2026

2.0%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+7.2% YoY

$700.4MFY 2025

FY22 $522.9MFY23 $590.0MFY24 $653.3MFY25 $700.4M

Net Income

-84.8% YoY

$24.5MFY 2025

FY22 $-29.4MFY23 $52.8MFY24 $161.2MFY25 $24.5M

Operating Income

+37.9% YoY

$25.6MFY 2025

FY22 $-56.2MFY23 $14.3MFY24 $18.5MFY25 $25.6M

EPS (Diluted)

-73.1% YoY

$0.39FY 2025

FY22 $-0.49FY23 $0.81FY24 $1.45FY25 $0.39

Total Assets

-3.6% YoY

$1.76BFY 2025

FY22 $1.94BFY23 $2.10BFY24 $1.83BFY25 $1.76B

Op. Cash Flow

-11.1% YoY

$169.6MFY 2025

FY22 $56.0MFY23 $126.6MFY24 $190.8MFY25 $169.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2018
Revenue	$700.4M +7.2%	$653.3M +10.7%	$590.0M +12.8%	$522.9M +22.8%	$425.7M +86.9%	$227.8M
Net Income	$24.5M -84.8%	$161.2M +205.1%	$52.8M +279.8%	$-29.4M +74.5%	$-115.2M -301.1%	$-28.7M
Operating Income	$25.6M +37.9%	$18.5M +29.2%	$14.3M +125.5%	$-56.2M -45.5%	$-38.6M -29.4%	$-29.8M
EPS (Diluted)	$0.39 -73.1%	$1.45 +79.0%	$0.81 +265.3%	$-0.49 +75.1%	$-1.97 -271.7%	$-0.53
Total Assets	$1.76B -3.6%	$1.83B -13.1%	$2.10B +8.1%	$1.94B +6.9%	$1.82B +268.0%	$493.9M
Operating Cash Flow	$169.6M -11.1%	$190.8M +50.7%	$126.6M +126.0%	$56.0M -30.1%	$80.1M +396.2%	$16.1M

AI Insight: BL Financial Trends

BlackLine's revenue grew steadily from $161M to $183M over eight quarters, but operating income remains thin and equity has eroded 26% since Q4 2024.

• Revenue rose consistently from $161M in Q2 2024 to $183M in Q1 2026, a 14% cumulative gain over eight quarters.

• Operating income has been range-bound at $2M–$8M throughout, reflecting no meaningful operating leverage despite revenue growth.

• Operating cash flow fluctuated widely — peaking at $64M in Q3 2025 before dropping sharply to $27M in Q4 2025 and rebounding to $46M in Q1 2026.

• Equity declined from a peak of $447M in Q4 2024 to $306M in Q1 2026, a $141M contraction in just three quarters.

⚠ Equity has fallen four consecutive quarters from $447M to $306M — monitor whether buybacks, losses, or write-downs are driving the deterioration.

⚠ Operating margin has never exceeded 5% in any quarter shown; watch for signs of scalability as revenue approaches $200M.

⚠ Total debt data is absent across all periods — debt structure remains opaque and is a key unknown for leverage assessment.

AI Insight: BL Ratio Trends

BlackLine's operating profitability is thin and trending slightly lower, with OpMargin slipping from 4.4% in Q2 2025 to 3.4% in Q1 2026.

• OpMargin peaked at 5.0% in Q3 2024, then oscillated narrowly, settling at 3.4% in Q1 2026 — a modest deterioration.

• ROIC recovered strongly from 3.4% in Q1 2025 to 9.3% in Q3 2025, but eased back to 8.2% in Q1 2026.

• NPM in Q2 and Q4 2024 (47.8% and 33.3%) appear driven by one-off items; underlying NPM has since stabilized in the 3–5% range.

• ROA improved modestly from 1.1% in Q4 2025 to 2.2% in Q1 2026, suggesting slight asset-efficiency recovery.

⚠ OpMargin has not exceeded 5.0% in any quarter observed; sustained expansion above that level remains unproven.

⚠ ROIC dipped from 9.3% in Q3 2025 to 8.2% in Q4 2025 and held flat in Q1 2026 — stalling after a strong rebound.

⚠ D/E data is absent across all periods, leaving leverage and balance-sheet risk unquantifiable.

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Available Research

13F Pro tracks comprehensive data for BLACKLINE, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BL

BlackRock, Inc.
$284.2M7,680,962 sh
CLEARLAKE CAPITAL GROUP, L.P.
$211.4M5,712,300 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$150.3M4,062,856 sh
UBS Group AG
$118.5M3,203,298 sh
Fivespan Partners, LP
$111.5M3,013,943 sh
FIRST MANHATTAN CO. LLC.
$99.0M2,676,987 sh
SOROS FUND MANAGEMENT LLC
$94.9M101,000,000 sh
VANGUARD CAPITAL MANAGEMENT LLC
$86.9M2,349,160 sh
Opti Capital Management, LP
$85.2M90,500,000 sh
ICONIQ Capital, LLC
$77.2M2,087,081 sh

Fund	Value	Shares
BlackRock, Inc.	$284.2M	7,680,962
CLEARLAKE CAPITAL GROUP, L.P.	$211.4M	5,712,300
VANGUARD PORTFOLIO MANAGEMENT LLC	$150.3M	4,062,856
UBS Group AG	$118.5M	3,203,298
Fivespan Partners, LP	$111.5M	3,013,943
FIRST MANHATTAN CO. LLC.	$99.0M	2,676,987
SOROS FUND MANAGEMENT LLC	$94.9M	101,000,000
VANGUARD CAPITAL MANAGEMENT LLC	$86.9M	2,349,160
Opti Capital Management, LP	$85.2M	90,500,000
ICONIQ Capital, LLC	$77.2M	2,087,081

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Is BL a good stock to buy?

13F Pro's AI-powered analysis of BLACKLINE, INC. (BL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BL are available on the BL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BLACKLINE, INC.'s investment landscape.