Filing Flows › Blackline (BL) › Q1 2026
Blackline (BL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Blackline (BL) reported revenue of $183M for the first quarter 2026 (Q1 2026), +10% from a year earlier and 0% from the quarter before. Operating margin was 3.4%, net earnings $8.1M (4.4% of revenue).
Blackline, Q1 2026: revenue $183M (+10% year over year), operating margin 3.4%, net earnings $8.1M, operating cash flow $46.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | 0% | +10% |
| Gross profit | $139M | +1% | +10% |
| Operating profit | $6.2M | -9% | +74% |
| Net earnings | $8.1M | +66% | +34% |
| Operating cash flow | $46.3M | +74% | -1% |
| Free cash flow | $35.8M | — | +10% |
What changed
Revenue was $183.2M in Q1 2026, up 10% year over year and roughly flat from the previous quarter. Subscription and support was the largest line at 95% of revenue. Subscription and support added $15.3M year over year (up 10%), 94% of the total change.
Gross margin was 76.0%, up 0.5 points from Q1 2025. Operating profit was $6.2M, a 3.4% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 16% reached operating profit, above the 2% margin then. Operating expenses grew 9% against revenue growth of 10%. The fastest-growing cost line was Research & development (+19%). Net earnings were $8.1M, up 34% year over year ($3.9M including minority interests, which bore $4.2M of losses). The effective tax rate was 60.3%. Non-operating items added $3.6M, 36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $46.3M (down 1% year over year), 1190% of net income including minority interests. Non-cash charges added back $12.2M of depreciation and amortization and $23.7M of share-based compensation. Working capital and other items added $6.5M. After capitalized software development costs ($8.4M) and purchases of property and equipment ($2.1M), free cash flow as the company reports it was $35.8M.
Questions
What was Blackline's revenue in the first quarter 2026?
Blackline (BL) reported revenue of $183M for the first quarter 2026 (Q1 2026), +10% from a year earlier and 0% from the quarter before.
Was Blackline profitable in the first quarter 2026?
Operating profit was $6.2M (3.4% of revenue) and net earnings $8.1M.
Source: Blackline 10-Q on SEC EDGAR.