BlackLine Inc. (BL) Releases Q1 2026 Earnings: Revenue Up but EPS Misses Estimates

BlackLine Inc. ($BL) reported results for the first quarter of fiscal 2026. Total revenue rose 9.72% year-over-year to $183.2 million, slightly below the consensus revenue estimate of $186.5 million.

Gross profit: $139.2 million (up 10.43% year-over-year)

Operating profit: $6.2 million (up 74.41% year-over-year)

Net income attributable to common shareholders: $8.1 million (up 34.2% year-over-year)

Diluted earnings per share: $0.13 (up 30.0% year-over-year)

Diluted EPS of $0.13 came in well below the consensus EPS estimate of $0.46, despite the strong year-over-year percentage gain.

Cash and cash equivalents: $419.9 million (down 12.44% year-over-year)

Cash from operating activities: $46.3 million (down 0.95% year-over-year)

Purchases of property, plant and equipment: $2.1 million (down 64.43% year-over-year)

Total liabilities: $1.12 billion (down 15.78% year-over-year)

Cost of sales: $44.0 million (up 7.53% year-over-year)

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

BlackLine Inc. Hedge Fund Activity

We have seen 124 institutional investors add shares of BlackLine Inc. stock to their portfolio, and 169 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS GROUP AG added 2,537,876 shares (+381.4%) to their portfolio in Q1 2026, for an estimated $93,901,412
NORGES BANK added 1,110,921 shares (+317.2%) to their portfolio in Q4 2025, for an estimated $61,422,822
ENGAGED CAPITAL LLC added 629,825 shares (+138.8%) to their portfolio in Q4 2025, for an estimated $34,823,024
NEUBERGER BERMAN GROUP LLC added 614,816 shares (+39.9%) to their portfolio in Q4 2025, for an estimated $33,993,176
SCHWARTZ INVESTMENT COUNSEL INC removed 515,000 shares (-74.6%) from their portfolio in Q1 2026, for an estimated $19,055,000
TEACHER RETIREMENT SYSTEM OF TEXAS removed 475,665 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $17,599,605
FMR LLC removed 379,835 shares (-23.1%) from their portfolio in Q4 2025, for an estimated $21,001,077

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

BlackLine Inc. Analyst Ratings

Wall Street analysts have issued reports on $BL in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 01/30/2026
Morgan Stanley issued a "Overweight" rating on 11/10/2025

To track analyst ratings and price targets for BlackLine Inc., check out Quiver Quantitative's $BL forecast page.

BlackLine Inc. Price Targets

Multiple analysts have issued price targets for $BL recently. We have seen 8 analysts offer price targets for $BL in the last 6 months, with a median target of $52.5.

Here are some recent targets:

Chris Quintero from Morgan Stanley set a target price of $50.0 on 04/30/2026
Patrick Walravens from Citizens set a target price of $70.0 on 04/28/2026
Billy Fitzsimmons from Piper Sandler set a target price of $35.0 on 04/14/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $50.0 on 02/11/2026
Robert Simmons from Rosenblatt set a target price of $62.0 on 02/11/2026
Lucky Schreiner from DA Davidson set a target price of $45.0 on 02/11/2026
Steven Enders from Citigroup set a target price of $60.0 on 02/11/2026