Blackline Inc (BL)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	161,174	126,826	121,511	75,670	58,110	47,345	16,434	-26,386	-33,086	-81,400	-76,153	-89,628	-115,161	-95,136	-90,010	-72,896	-46,775	-38,976	-39,603	-36,496
Total stockholders’ equity	US$ in thousands	446,669	367,911	325,763	279,834	260,881	215,731	176,362	116,992	111,868	77,931	79,183	66,128	325,036	340,740	337,041	339,628	422,070	417,070	409,778	396,189
ROE		36.08%	34.47%	37.30%	27.04%	22.27%	21.95%	9.32%	-22.55%	-29.58%	-104.45%	-96.17%	-135.54%	-35.43%	-27.92%	-26.71%	-21.46%	-11.08%	-9.35%	-9.66%	-9.21%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $161,174K ÷ $446,669K
= 36.08%

Blackline Inc's Return on Equity (ROE) has displayed significant fluctuations over the past few years.

The trend shows a decline in ROE from negative values in early 2020, reaching a low of -135.54% by March 31, 2022. This indicates that the company's net income was insufficient to cover shareholder's equity during this period.

However, there is a notable improvement in the ROE starting from June 30, 2023, where it turned positive, indicating that Blackline Inc's profitability relative to shareholders' equity has increased. The ROE continued to improve steadily, reaching 36.08% by December 31, 2024, reflecting a more favorable position for shareholders.

Overall, the erratic performance of Blackline Inc's ROE in recent years suggests fluctuations in profitability and efficiency in generating returns for shareholders. It is important for stakeholders to monitor the company's performance closely to ensure sustained positive returns on equity.