Blackline Inc (BL)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	443,203	431,679	419,607	407,703	393,553	374,313	357,436	340,432	327,835	317,009	305,219	293,198	282,765	271,374	257,832	246,023	230,001	213,295	198,879	187,747
Revenue (ttm)	US$ in thousands	583,654	567,879	551,446	535,362	517,277	494,103	454,609	414,043	371,779	352,163	343,114	334,191	333,571	318,119	305,795	297,928	285,842	267,900	254,715	240,505
Gross profit margin		75.94%	76.02%	76.09%	76.15%	76.08%	75.76%	78.62%	82.22%	88.18%	90.02%	88.96%	87.73%	84.77%	85.31%	84.32%	82.58%	80.46%	79.62%	78.08%	78.06%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $443,203K ÷ $583,654K
= 75.94%

Blackline Inc's gross profit margin has shown a relatively stable trend over the past several quarters, ranging between 75.76% and 76.15%. There was a slight increase in gross profit margin from December 2021 to March 2022, followed by a significant decrease in the succeeding quarter. However, from June 2022 to March 2023, the gross profit margin steadily increased, reaching 76.15% by the end of December 2023.

Overall, Blackline Inc has maintained a high gross profit margin throughout the periods under consideration, with the lowest margin recorded at 75.76% in September 2022 and the highest at 90.02% in September 2021. This suggests that the company effectively manages its production costs and pricing strategies to generate strong profits from its goods or services.