Blackline (BL) Cost of Revenue (2015 - 2026)
Blackline's (BL) quarterly Cost of Revenue came in at $45.1 million in Q2 2026, up 5.92% on a YoY basis from $42.6 million in Q2 2025, and up 2.59% quarter-over-quarter from $44.0 million in Q1 2026.
Analysis
Blackline (BL) Cost of Revenue (2015 - 2026) Analysis & Trends
Blackline (BL) has reported Cost of Revenue for 12 consecutive years, with $45.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 5.92% year-over-year to $45.1 million; the trailing twelve-month figure through Jun 2026 stood at $179.0 million (up 7.78% YoY), and the FY2025 full-year result was $173.4 million, up 7.05% from the prior year.
- Cost of Revenue grew to $45.1 million in Q2 2026 per BL's latest filing, from $44.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $45.4 million in Q4 2025 and bottomed at $30.7 million in Q1 2022.
- Historically, Cost of Revenue has averaged $38.9 million across 5 years, with a median of $39.7 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 40.12% in 2022, then grew 4.67% in 2025.
- Over 5 years, Cost of Revenue stood at $33.4 million in 2022, then grew by 12.74% to $37.6 million in 2023, then advanced by 10.11% to $41.4 million in 2024, then advanced by 9.75% to $45.4 million in 2025, then retreated by 0.67% to $45.1 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $45.1 million, $44.0 million, and $45.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 1.32 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 75.68 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 57.18 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 80.00 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 45.14 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 17.54 Mn |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | 31,479.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.14 Mn |
| Mar 31, 2026 | 44.01 Mn |
| Dec 31, 2025 | 45.45 Mn |
| Sep 30, 2025 | 44.39 Mn |
| Jun 30, 2025 | 42.62 Mn |
| Mar 31, 2025 | 40.92 Mn |
| Dec 31, 2024 | 41.41 Mn |
| Sep 30, 2024 | 41.11 Mn |
| Jun 30, 2024 | 40.35 Mn |
| Mar 31, 2024 | 39.10 Mn |
| Dec 31, 2023 | 37.61 Mn |
| Sep 30, 2023 | 36.79 Mn |
| Jun 30, 2023 | 37.12 Mn |
| Mar 31, 2023 | 35.27 Mn |
| Dec 31, 2022 | 33.36 Mn |
| Sep 30, 2022 | 32.43 Mn |
| Jun 30, 2022 | 32.92 Mn |
| Mar 31, 2022 | 30.67 Mn |
| Dec 31, 2021 | 27.97 Mn |
| Sep 30, 2021 | 24.44 Mn |