Blackline Inc (BL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	52,833	-29,391	-115,161	-46,911	-32,535
Revenue	US$ in thousands	583,245	518,558	355,637	328,649	280,261
Net profit margin		9.06%	-5.67%	-32.38%	-14.27%	-11.61%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $52,833K ÷ $583,245K
= 9.06%

Blackline Inc's net profit margin has shown variability over the past five years. In 2019 and 2020, the company reported negative net profit margins of -11.61% and -14.27% respectively, indicating that the company was experiencing losses during those years. However, the trend improved in 2021, with the net profit margin improving to -32.38%, although still negative.

In 2022, there was a significant turnaround, with the net profit margin turning positive at -5.67%, signaling a move towards profitability. This positive trend continued in 2023, where the net profit margin further improved to 9.06%. This significant improvement from negative margins to positive margins over the past two years suggests that Blackline Inc has made successful efforts to enhance its operational efficiency and increase profitability.

Overall, the positive trajectory in net profit margin indicates that Blackline Inc has been able to manage its costs effectively and generate higher net income relative to its revenues in the recent years.