BlackLine beat earnings estimates but saw slowing customer growth and weakening momentum despite raised guidance.

BlackLine (NASDAQ:BL) reported Q3 2025 revenue of $178.3 million, up 7.5% year-over-year, and non-GAAP EPS of $0.51, in line with estimates. The company raised its full-year 2025 adjusted EPS guidance to $2.08–$2.13, above consensus, and projected Q4 revenue of $183 million. Despite strong operating margins and improved free cash flow, customer growth slowed slightly, with total customers declining to 4,424, and net revenue retention fell to 103%. Billings rose 4.4% year-over-year, but recent growth momentum has weakened compared to prior years. The stock closed down $0.10 at $56.82 on higher-than-average volume.