Blackline Inc (BL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	124,698	137,758	132,555	82,251	60,509	44,187	14,206	-27,221	-47,411	-89,505	-80,919	-93,737	-100,859	-81,399	-78,754	-61,483	-38,681	-33,721	-35,144	-32,406
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
Pretax margin		19.09%	21.54%	21.23%	13.52%	10.26%	7.70%	2.55%	-5.03%	-9.07%	-17.96%	-17.09%	-20.97%	-23.69%	-20.04%	-20.34%	-16.69%	-10.99%	-10.02%	-10.95%	-10.54%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $124,698K ÷ $653,336K
= 19.09%

The pretax margin of Blackline Inc has shown a fluctuating trend over the provided periods.

From March 31, 2020, to December 31, 2022, the company consistently reported negative pretax margins, indicating that the company's expenses exceeded its revenues before accounting for taxes. During this period, the pretax margin ranged from -9.07% to -23.69%, with no indication of profitability.

However, starting from March 31, 2023, there was a significant improvement in the pretax margin, turning positive for the first time at 5.03%. This positive trend continued over the subsequent periods, with the pretax margin steadily increasing to 19.09% by December 31, 2024.

This shift towards positive pretax margins suggests that the company managed to control its expenses and enhance its revenue generation capacity during these later periods. It indicates an improvement in the company's operational efficiency and financial performance, potentially leading to enhanced profitability and overall financial health.