Blackline Inc (BL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	54,255	40,921	11,458	-31,446	-42,949	-90,382	-84,788	-98,782	-115,035	-95,392	-89,637	-72,887	-46,209	-37,372	-38,212	-34,918	-30,810	-29,694	-25,407	-28,781
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
Pretax margin		9.30%	7.21%	2.08%	-5.87%	-8.30%	-18.29%	-18.65%	-23.86%	-30.94%	-27.09%	-26.12%	-21.81%	-13.85%	-11.75%	-12.50%	-11.72%	-10.78%	-11.08%	-9.97%	-11.97%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $54,255K ÷ $583,654K
= 9.30%

The pretax margin of Blackline Inc has displayed fluctuations over the past few quarters, reflecting the company's profitability before taxes relative to its revenue. The trend indicates improvements in profitability starting from -30.94% at the end of 2021 to 9.30% by the end of 2023. The company managed to turn around negative pretax margins into positive ones, showing a positive trajectory in its financial performance. This indicates that Blackline Inc has been able to effectively control its operating expenses and generate higher earnings relative to its revenue in recent quarters. However, the company should continue to monitor and sustain this positive trend to ensure long-term profitability and financial stability.