Blackline Inc (BL)

Net 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
Net income (ttm)	US$ in thousands	52,833	42,068	10,126	-31,388	-29,391	-77,705	-71,427	-86,208	-115,161	-95,136	-90,146	-73,032	-46,911	-39,112	-39,567	-36,597	-32,535	-31,492	-27,052	-30,243
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
Net profit margin		9.05%	7.41%	1.84%	-5.86%	-5.68%	-15.73%	-15.71%	-20.82%	-30.98%	-27.01%	-26.27%	-21.85%	-14.06%	-12.29%	-12.94%	-12.28%	-11.38%	-11.76%	-10.62%	-12.57%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $52,833K ÷ $583,654K
= 9.05%

The net profit margin of Blackline Inc has shown variability over the past five years, ranging from -30.98% to 9.05%. The company experienced negative net profit margins in several quarters, indicating that expenses exceeded revenues during those periods. However, there has been a recent improvement in profitability as evidenced by the positive net profit margins in the last two quarters. It is important for the company to sustain this positive trend and continue to efficiently manage its expenses relative to its revenues to ensure long-term profitability and sustainability.