Blackline Inc (BL)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	491,371	481,496	470,607	457,907	443,256	431,679	419,607	407,703	393,553	374,313	357,436	340,432	327,835	317,009	305,591	293,570	283,137	271,746	257,832	246,023
Revenue (ttm)	US$ in thousands	653,336	639,606	624,405	608,473	589,996	574,223	557,783	541,686	522,938	498,307	473,441	447,086	425,706	406,090	387,217	368,367	352,109	336,657	321,053	307,445
Gross profit margin		75.21%	75.28%	75.37%	75.26%	75.13%	75.18%	75.23%	75.27%	75.26%	75.12%	75.50%	76.14%	77.01%	78.06%	78.92%	79.69%	80.41%	80.72%	80.31%	80.02%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $491,371K ÷ $653,336K
= 75.21%

Blackline Inc's gross profit margin has shown a gradual decline over the past few years based on the provided data. The trend started at a high of 80.02% on March 31, 2020, and has steadily decreased to 75.21% by the end of December 31, 2024. The company experienced a relatively steady decline in gross profit margin, with fluctuations in between but generally moving downwards.

This decline could indicate various factors such as increasing production costs, pricing pressures, or inefficient cost management. A declining gross profit margin may raise concerns about the company's ability to effectively generate profits from its core operations. It is essential for Blackline Inc to analyze and address the underlying reasons for this trend to sustain profitability and competitiveness in the market.