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Blackline cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$64.5M in Q3 2026 · $178M over twelve months

Operating cash flow$67.1M
Capital spending−$2.6M
Free cash flow+$64.5M
Cash / net income6.0×
Cash conversion cycle73 days

Analysis

In Q3 2026, Blackline generated $67.1M of operating cash flow and spent $2.6M on capital projects, leaving free cash flow of $64.5M. That is $1.2M more than in Q3 2025 ($63.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $185M; the largest uses were net borrowing (+) / repaid (−) ($230M), buybacks ($158M), acquisitions ($33.7M); besides operations, cash came from other investing ($46.8M), other financing ($3.6M); the cash balance fell by $208M.

Operating cash flow was $67.1M against net income of $11.2M — 6.0× profit, cash ran ahead of reported earnings. The largest differences: deferred revenue −$22.7M, stock-based pay +$21.7M, accrued liabilities +$18.3M.

Its cash conversion cycle was 73 days (receivables 87 + inventory 0 − payables 14).

Free cash flow

Blackline: free cash flow by quarterBlackline: free cash flow by quarter$43.0MQ4 2024$40.8MQ1 2025$31.4MQ2 2025$63.3MQ3 2025$26.1MQ4 2025$44.2MQ1 2026$43.1MQ2 2026$64.5MQ3 2026
Operating cash flow less capital spending.
Blackline: operating cash flow against capital spendingBlackline: operating cash flow against capital spendingOperating cash flowCapital spending$43.8M$756KQ4 2024$46.7M$6.0MQ1 2025$32.3M$966KQ2 2025$63.8M$534KQ3 2025$26.7M$623KQ4 2025$46.3M$2.1MQ1 2026$45.0M$1.9MQ2 2026$67.1M$2.6MQ3 2026
Latest (Q3 2026): Operating cash flow $67.1M, Capital spending $2.6M.

Capital allocation, year by year

Blackline: where the cash came from (up) and went (down), by fiscal yearBlackline: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $80.1MFY2021: Net borrowing $697MFY2021: Shares issued $11.4MFY2021: Capital spending −$8.7M$788MFY2021FY2022: Operating cash flow $56.0MFY2022: Net borrowing −$619KFY2022: Shares issued $4.7MFY2022: Capital spending −$11.0MFY2022: Acquisitions −$158M$60.7MFY2022FY2023: Operating cash flow $127MFY2023: Net borrowing −$990KFY2023: Shares issued $19.8MFY2023: Capital spending −$6.0MFY2023: Acquisitions −$11.4M$146MFY2023FY2024: Operating cash flow $191MFY2024: Net borrowing $412MFY2024: Shares issued $7.6MFY2024: Capital spending −$2.1M$610MFY2024FY2025: Operating cash flow $170MFY2025: Shares issued $5.2MFY2025: Capital spending −$8.1MFY2025: Acquisitions −$16.2MFY2025: Buybacks −$236M$175MFY2025
Over these 5 years operating cash flow totalled $623M; the largest uses were buybacks ($236M) and acquisitions ($185M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$532M
Debtnone
Net cash$532M

Blackline funds itself: free cash flow was $178M over the last twelve months, with $532M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Blackline: sources (+) and uses (−) of cash, Q3 2026Blackline: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$67.1MOther investing−$57.9MBuybacks−$38.7MCash drawn (+) / kept (−)$31.4MCapital spending−$2.6MShares issued$1.5MTaxes on employees’ shares−$1.1MExchange rates$271KOther financing−$3K
Blackline: sources (+) and uses (−) of cash, TTM to Q3 2026Blackline: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)−$230MCash drawn (+) / kept (−)$208MOperating cash flow$185MBuybacks−$158MOther investing$46.8MAcquisitions−$33.7MTaxes on employees’ shares−$16.2MCapital spending−$7.2MOther financing$3.6MShares issued$2.0MExchange rates−$360K

From profit to cash

Blackline: net income to operating cash flow, Q3 2026Blackline: net income to operating cash flow, Q3 2026Net income$11.2MDepreciation & amortization$12.7MStock-based pay$21.7MGains on disposals$164KReceivables$16.3MPayables$1.3MAccrued liabilities$18.3MDeferred revenue−$22.7MPrepaid and other assets$4.5MOperating cash flow$67.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202687—1473
Q2 202688—1276
Q1 202697—2275
Q4 202594—2668
Q3 202585—2363
Q2 202585—1769
Q1 202588—1474
Q4 202485—1472

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$67.1M−$2.6M—−$38.7M—$1.5M$31.4M$64.5M
Q2 2026$45.0M−$1.9M—−$38.5M—$349K−$852K$43.1M
Q1 2026$46.3M−$2.1M—−$46.0M−$230M$59K$148M$44.2M
Q4 2025$26.7M−$623K−$16.2M−$34.8M—$64K$29.7M$26.1M
Q3 2025$63.8M−$534K—−$112M—$133K$39.5M$63.3M
Q2 2025$32.3M−$966K—−$43.3M—$2.9M$20.4M$31.4M
Q1 2025$46.7M−$6.0M—−$45.5M—$2.1M$406M$40.8M
Q4 2024$43.8M−$756K———$4.6M−$161M$43.0M

Blackline: income statement and cash flow

Blackline, Q3 2026: revenue $193M (+8% year over year), operating margin 8.6%. The chart follows the revenue to costs, profit and cash.

Blackline: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.