Solid Q1 Performance and Growth
BlackLine delivered a 6% growth in the first quarter with a non-GAAP operating margin of 21%. The number of customers generating over $1 million in ARR increased from 71 to 79 this quarter.
Strong Pipeline and Partnership Performance
The SolEx partnership outperformed in Q1. BlackLine saw solid growth in the pipeline, and partner involvement was high, with partners involved in 81% of large deals.
Launch and Adoption of Studio360 Platform
There was momentum in the adoption of Studio360, with several key deals signed with companies like Tractor Supply and AGL.
Positive Revenue Renewal Rate
Revenue renewal rate was 94% this quarter, with a significant increase in multiyear renewals by 14 percentage points.
AI and Technological Advancements
BlackLine is expanding AI capabilities, with AI-powered features enhancing automation and efficiency for customers. Strategic investments are being made in AI technologies such as Agentic AI and predictive intelligence.