BlackLine (BL)
Market Price (5/27/2026): $28.84 | Market Cap: $1.7 BilSector: Information Technology | Industry: Application Software
BlackLine (BL)
Market Price (5/27/2026): $28.84Market Cap: $1.7 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49% Attractive yieldFCF Yield is 8.0% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Cloud Computing, and Automation & Robotics. Themes include Software as a Service (SaaS), and Financial Process Automation. | Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -126% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% Key risksBL key risks include [1] significant friction and deal delays stemming from its strategic transition to a platform-based pricing model, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49% |
| Attractive yieldFCF Yield is 8.0% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Automation & Robotics. Themes include Software as a Service (SaaS), and Financial Process Automation. |
| Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -126% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksBL key risks include [1] significant friction and deal delays stemming from its strategic transition to a platform-based pricing model, Show more. |
Qualitative Assessment
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1. Disappointing Q4 2025 Earnings Performance and Profitability Decline.
BlackLine's stock experienced a significant drop following its Q4 2025 earnings report on February 10, 2026. The company reported diluted EPS of $0.08, a substantial miss compared to analyst estimates of $0.61, and revenue of $183.2 million, which fell short of the $188.5 million consensus. Net income attributable to common shareholders also plummeted by 91.3% year-over-year to $4.9 million, and cash from operating activities contracted 39.1% year-over-year, signaling a significant decline in profitability and cash generation.
2. Deceleration in Key Growth Metrics and Cautious Forward Guidance.
Despite beating Q1 2026 revenue and adjusted EPS estimates reported on May 5, 2026, BlackLine's shares fell 11.6% due to investor concerns over decelerating growth metrics and cautious forward guidance. The company's customer count decreased to 4,301 in Q1 2026 from 4,394 in the prior quarter. Annualized revenue growth over the last two years was 8.5%, below its five-year compounded annual growth rate of 14.3%. Additionally, Annual Recurring Revenue (ARR) grew by only 8.5% year-over-year, failing to meet expectations for mid-teens growth.
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Stock Movement Drivers
Fundamental Drivers
The -37.9% change in BL stock from 1/31/2026 to 5/26/2026 was primarily driven by a -66.5% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5262026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.47 | 28.87 | -37.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 687 | 717 | 4.4% |
| Net Income Margin (%) | 11.1% | 3.7% | -66.5% |
| P/E Multiple | 37.4 | 64.5 | 72.7% |
| Shares Outstanding (Mil) | 61 | 59 | 2.9% |
| Cumulative Contribution | -37.9% |
Market Drivers
1/31/2026 to 5/26/2026| Return | Correlation | |
|---|---|---|
| BL | -37.9% | |
| Market (SPY) | 8.8% | 8.4% |
| Sector (XLK) | 28.8% | 9.8% |
Fundamental Drivers
The -49.6% change in BL stock from 10/31/2025 to 5/26/2026 was primarily driven by a -71.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5262026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.25 | 28.87 | -49.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 674 | 717 | 6.3% |
| Net Income Margin (%) | 13.1% | 3.7% | -71.6% |
| P/E Multiple | 40.4 | 64.5 | 59.6% |
| Shares Outstanding (Mil) | 62 | 59 | 4.5% |
| Cumulative Contribution | -49.6% |
Market Drivers
10/31/2025 to 5/26/2026| Return | Correlation | |
|---|---|---|
| BL | -49.6% | |
| Market (SPY) | 10.7% | 15.5% |
| Sector (XLK) | 23.5% | 16.2% |
Fundamental Drivers
The -38.9% change in BL stock from 4/30/2025 to 5/26/2026 was primarily driven by a -85.0% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5262026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.23 | 28.87 | -38.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 653 | 717 | 9.7% |
| Net Income Margin (%) | 24.7% | 3.7% | -85.0% |
| P/E Multiple | 18.4 | 64.5 | 251.6% |
| Shares Outstanding (Mil) | 63 | 59 | 5.4% |
| Cumulative Contribution | -38.9% |
Market Drivers
4/30/2025 to 5/26/2026| Return | Correlation | |
|---|---|---|
| BL | -38.9% | |
| Market (SPY) | 36.9% | 21.8% |
| Sector (XLK) | 77.4% | 20.5% |
Fundamental Drivers
The -48.2% change in BL stock from 4/30/2023 to 5/26/2026 was primarily driven by a -62.5% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5262026 | Change |
|---|---|---|---|
| Stock Price ($) | 55.71 | 28.87 | -48.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 523 | 717 | 37.0% |
| P/S Multiple | 6.4 | 2.4 | -62.5% |
| Shares Outstanding (Mil) | 60 | 59 | 0.8% |
| Cumulative Contribution | -48.2% |
Market Drivers
4/30/2023 to 5/26/2026| Return | Correlation | |
|---|---|---|
| BL | -48.2% | |
| Market (SPY) | 87.5% | 39.8% |
| Sector (XLK) | 150.6% | 33.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BL Return | -22% | -35% | -7% | -3% | -9% | -48% | -78% |
| Peers Return | 31% | -26% | 39% | 20% | -7% | -28% | 9% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| BL Win Rate | 42% | 25% | 50% | 50% | 50% | 20% | |
| Peers Win Rate | 58% | 42% | 69% | 56% | 44% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| BL Max Drawdown | -34% | -53% | -38% | -36% | -36% | -56% | |
| Peers Max Drawdown | -22% | -46% | -21% | -26% | -39% | -44% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WK, ORCL, WDAY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/26/2026 (YTD)
How Low Can It Go
| Event | BL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.4% | -18.8% |
| % Gain to Breakeven | 18.2% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.4% | -9.5% |
| % Gain to Breakeven | 18.3% | 10.5% |
| Time to Breakeven | 19 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.3% | -33.7% |
| % Gain to Breakeven | 62.2% | 50.9% |
| Time to Breakeven | 66 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.7% | -19.2% |
| % Gain to Breakeven | 50.8% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
BlackLine's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.
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| Event | BL | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -38.3% | -33.7% |
| % Gain to Breakeven | 62.2% | 50.9% |
| Time to Breakeven | 66 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.7% | -19.2% |
| % Gain to Breakeven | 50.8% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
BlackLine's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About BlackLine (BL)
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```htmlHere are 1-2 brief analogies to describe BlackLine:
- ServiceNow for finance operations. (BlackLine provides cloud-based solutions to automate and streamline a company's finance and accounting workflows, much like ServiceNow does for IT and other enterprise processes.)
- Salesforce for a company's accounting department. (Just as Salesforce provides a cloud platform to manage customer relationships, BlackLine offers a cloud platform to manage and automate critical financial processes for businesses.)
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- Financial Close Management Solutions: A suite of cloud-based tools designed to automate and streamline the financial close process, encompassing account reconciliations, transaction matching, task management, journal entry, variance analysis, consolidation integrity, and compliance.
- Accounts Receivable Automation Solutions: Cloud-based solutions that automate various aspects of accounts receivable, including cash application, credit and risk management, collections management, disputes and deductions, and AR intelligence.
- Intercompany Workflow Solutions: Tools that manage the entire lifecycle of intercompany transactions, including establishing workflows, processing transactions, and generating netting and settlement matrices.
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Based on the provided information, BlackLine (BL) sells its cloud-based solutions primarily to other companies rather than individuals. The description does not list specific customer company names or their symbols. Instead, it categorizes its major customers as:
- Multinational corporations
- Large domestic enterprises
- Mid-market companies across various industries
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- Amazon.com, Inc. (AMZN)
- Microsoft Corporation (MSFT)
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Owen Ryan, Chief Executive Officer and Chairman of the Board
Owen Ryan was appointed Chief Executive Officer of BlackLine in October 2025, having previously served as Co-Chief Executive Officer and Chairman of the Board since March 2023, and a director since 2018. He is a CPA with extensive leadership experience in risk advisory and operating roles. Prior to BlackLine, he served as the CEO and Managing Partner of Deloitte Advisory from 2008 to 2016. From 2016 to 2017, he was the President and Chief Executive Officer of AEGIS Insurance. He also held roles as CEO of Geller Advisors and Chief Strategy Officer and Managing Principal at Geller & Company from 2018 to 2022. Mr. Ryan holds an MBA from Columbia University and a B.S. from New Jersey City University.
Patrick Villanova, Chief Financial Officer
Patrick Villanova officially took on the role of Chief Financial Officer for BlackLine on March 1, 2025, succeeding Mark Partin.
Therese Tucker, Founder and Executive Chairman of the Board
Therese Tucker founded BlackLine in 2001 and served as CEO until Marc Huffman's appointment in 2021, and later as Co-CEO until October 1, 2025, when she transitioned to focus on her role as Founder. She designed the company's initial product offerings, spearheaded its transition to a cloud-based model in 2007, and led the company through its IPO in 2016. Before founding BlackLine, Ms. Tucker was the Chief Technology Officer for SunGard Treasury Systems.
Karole Morgan-Prager, Chief Legal and Administrative Officer
Karole Morgan-Prager serves as BlackLine's Chief Legal and Administrative Officer.
Jimmy Duan, Chief Customer Officer
Jimmy Duan holds the position of Chief Customer Officer at BlackLine.
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The key risks to BlackLine, Inc.'s business include intensifying competition and market disruption, slowing revenue growth coupled with financial headwinds, and ongoing cybersecurity threats alongside the need for robust internal financial controls.
The most significant risk for BlackLine is the intensifying competition and potential market disruption. The company faces accelerating competition from both established Enterprise Resource Planning (ERP) vendors who are embedding similar financial close functionalities into their platforms, and from emerging AI-native startups offering advanced or lower-cost solutions. There is also a risk that the rapid advancement of AI and automation could lead large enterprises to develop custom or deeply integrated accounting workflows, potentially bypassing third-party platforms like BlackLine, which could impact customer acquisition and lead to bookings stagnation over the long term. BlackLine's reliance on a limited number of software solutions and third-party SaaS applications further heightens this competitive landscape.
Another key risk is slowing revenue growth and significant financial headwinds. BlackLine has been experiencing a slowing top-line revenue growth rate and increasing selling, general, and administrative (SG&A) costs. The company is also navigating a strategic shift to a platform-based pricing model, which, while intended for long-term value, is causing short-term friction and financial challenges. This, combined with partner changes, initiatives that are slow to materialize, and foreign exchange headwinds, is impacting revenue and operational efficiency. The company has also historically faced financial losses, challenging its path to sustained profitability.
Finally, cybersecurity risks and maintaining effective internal control over financial reporting present ongoing challenges. As a company that handles sensitive financial data, BlackLine is exposed to persistent cybersecurity threats. Any breaches could undermine customer trust and disrupt business operations. Furthermore, as a public company, BlackLine must continuously maintain effective internal controls over financial reporting, a process that is both time-consuming and costly. The identification of any material weaknesses in these controls could negatively impact investor confidence and the company's stock price.
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BlackLine, Inc. estimates its total addressable market (TAM) to be $45 billion globally. This global market opportunity is segmented into:- Record-to-Report: $34 billion
- Invoice-to-Cash: $11 billion
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BlackLine (BL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Adoption of Platform Pricing Model: BlackLine is transitioning to a platform pricing model, moving away from per-seat subscriptions towards value-based partnerships. This shift is anticipated to be accretive to revenue over the next three to four years, with early adoption exceeding initial targets. The company aims for 25% to 35% of its customers to adopt this model by the end of 2026.
- AI-Powered Innovation and Verity AI Agents: The expansion of BlackLine's AI capabilities, particularly through its Verity AI agents, is a significant growth driver. The company is focused on delivering autonomous finance capabilities, with BlackLine Verity experiencing a 50% increase in customer adoption between Q3 and Q4 2025. This AI-driven strategy is expected to boost bookings growth.
- Customer Growth and Expansion: BlackLine is concentrating on acquiring new, larger enterprise customers and expanding its footprint within its existing customer base. This involves winning strategic platform deals, with new customer deal sizes increasing by 35% due to enterprise wins. The company serves a substantial number of global customers, including over 60% of the Fortune 100, and is focused on deepening relationships and increasing average contract value through cross-selling.
- Deepening SAP Partnership: BlackLine's strategic partnership with SAP, as an SAP Solution Extension partner, is crucial for driving enterprise deals through embedded integrations. This collaboration is also a key factor in BlackLine's regional expansion efforts and aligns with SAP's own commitment to various regions, leveraging S/4HANA migration to capture ongoing ERP modernization spending through 2027–2030.
- Product Category Expansion: BlackLine is broadening its solution portfolio beyond core financial close processes to include end-to-end intercompany financial management and accounts receivable automation. This expansion, which includes capabilities from its 2023 acquisition of Data Interconnect, aims to raise the average contract value by offering a more comprehensive platform for the Office of the CFO.
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Share Repurchases
- In November 2024, BlackLine's board authorized a new stock repurchase program of up to $200 million, set to begin in the first quarter of fiscal year 2025 and conclude by the end of the first quarter of fiscal year 2027.
- On September 4, 2025, the board increased the stock buyback program by $200 million, raising the total authorization to $400 million, and removed the expiration date.
- For the full year 2025, BlackLine repurchased approximately 4.5 million shares of common stock for $235.5 million. As of December 31, 2025, approximately $164.5 million of buyback capacity remained under the program.
Share Issuance
- In 2025, BlackLine issued $662 million in convertible senior notes due in 2029.
- The number of outstanding shares was 61,157,000 at the end of 2025 and as of March 2026.
- The number of outstanding shares was 62,814,333 as of February 14, 2025, and 61,520,108 as of February 15, 2024.
Outbound Investments
- On December 15, 2025, BlackLine acquired WiseLayer, a company specializing in AI-powered agents for automating complex finance and accounting processes, to accelerate its AI roadmap.
- The company's focus on AI integration also includes the acquisition of Verity Accruals.
Capital Expenditures
- BlackLine's capital expenditures were $23 million in 2021, $30 million in 2022, $28 million in 2023, $27 million in 2024, and $35 million in 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is 18.3% Fall In BlackLine (BL) Stock A Buying Opportunity? | 05/07/2026 | |
| Is 18.4% Fall In BlackLine (BL) Stock A Buying Opportunity? | 03/11/2026 | |
| BlackLine Earnings Notes | 12/27/2025 | |
| Is BlackLine Stock Built to Withstand a Pullback? | 10/17/2025 | |
| BlackLine vs Microsoft: Which Is A Better Investment? | 08/18/2025 | |
| BlackLine vs Cadence Design Systems: Which Is A Better Investment? | 08/18/2025 | |
| How Does BlackLine Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than BL Stock: Pay Less Than BlackLine To Get More From NVDA, AMD | 08/12/2025 | |
| ARTICLES | ||
| Time To Buy The Dip In BlackLine Stock? | 05/07/2026 | |
| Stocks Trading At 52-Week Low | 04/24/2026 | |
| BlackLine Stock To $26? | 03/11/2026 |
Trade Ideas
Select ideas related to BL.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 86.67 |
| Mkt Cap | 17.1 |
| Rev LTM | 5,390 |
| Op Inc LTM | 598 |
| FCF LTM | 155 |
| FCF 3Y Avg | 122 |
| CFO LTM | 1,676 |
| CFO 3Y Avg | 1,413 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.1% |
| Rev Chg 3Y Avg | 12.6% |
| Rev Chg Q | 16.7% |
| QoQ Delta Rev Chg LTM | 3.9% |
| Op Inc Chg LTM | 64.3% |
| Op Inc Chg 3Y Avg | 54.5% |
| Op Mgn LTM | 8.6% |
| Op Mgn 3Y Avg | 6.5% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 27.9% |
| CFO/Rev 3Y Avg | 28.1% |
| FCF/Rev LTM | 18.9% |
| FCF/Rev 3Y Avg | 17.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.1 |
| P/S | 3.1 |
| P/Op Inc | 27.0 |
| P/EBIT | 27.1 |
| P/E | 50.9 |
| P/CFO | 13.1 |
| Total Yield | 2.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.3 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.1% |
| 3M Rtn | -8.0% |
| 6M Rtn | -46.9% |
| 12M Rtn | -36.6% |
| 3Y Rtn | -43.1% |
| 1M Excs Rtn | -6.1% |
| 3M Excs Rtn | -17.1% |
| 6M Excs Rtn | -58.3% |
| 12M Excs Rtn | -65.7% |
| 3Y Excs Rtn | -119.8% |
Price Behavior
| Market Price | $28.87 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 10/28/2016 | |
| Distance from 52W High | -50.9% | |
| 50 Days | 200 Days | |
| DMA Price | $32.64 | $46.47 |
| DMA Trend | down | down |
| Distance from DMA | -11.5% | -37.9% |
| 3M | 1YR | |
| Volatility | 62.3% | 44.7% |
| Downside Capture | -10.74 | 144.71 |
| Upside Capture | -50.69 | 25.23 |
| Correlation (SPY) | -9.4% | 19.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.20 | -0.03 | 0.74 | 0.84 | 0.93 | 1.13 |
| Up Beta | -0.53 | -1.05 | -0.21 | 0.22 | 0.62 | 1.01 |
| Down Beta | -3.14 | -1.10 | 0.32 | 0.23 | 0.83 | 0.85 |
| Up Capture | -29% | 16% | 8% | 40% | 53% | 124% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 20 | 28 | 59 | 130 | 376 |
| Down Capture | 943% | 123% | 223% | 177% | 139% | 110% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 13 | 22 | 35 | 64 | 119 | 372 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BL | |
|---|---|---|---|---|
| BL | -47.3% | 44.6% | -1.31 | - |
| Sector ETF (XLK) | 62.7% | 20.7% | 2.25 | 18.5% |
| Equity (SPY) | 30.3% | 12.0% | 1.91 | 19.9% |
| Gold (GLD) | 36.8% | 26.8% | 1.14 | -7.9% |
| Commodities (DBC) | 41.2% | 18.7% | 1.71 | -3.1% |
| Real Estate (VNQ) | 16.3% | 13.1% | 0.89 | 8.1% |
| Bitcoin (BTCUSD) | -32.5% | 41.9% | -0.83 | 19.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BL | |
|---|---|---|---|---|
| BL | -22.5% | 44.2% | -0.44 | - |
| Sector ETF (XLK) | 23.5% | 24.8% | 0.83 | 47.5% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 50.7% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 4.8% |
| Commodities (DBC) | 10.1% | 19.4% | 0.41 | 10.4% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 44.8% |
| Bitcoin (BTCUSD) | 12.0% | 55.3% | 0.42 | 27.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BL | |
|---|---|---|---|---|
| BL | 2.0% | 44.7% | 0.21 | - |
| Sector ETF (XLK) | 25.5% | 24.4% | 0.94 | 46.9% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 45.4% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 5.4% |
| Commodities (DBC) | 7.5% | 17.9% | 0.34 | 14.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 34.8% |
| Bitcoin (BTCUSD) | 66.8% | 66.9% | 1.06 | 16.5% |
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Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 186.00 Mil | 187.00 Mil | 188.00 Mil | 3.3% | Raised | Guidance: 181.00 Mil for Q1 2026 | |
| Q2 2026 Operating Margin | 21.5% | 22.0% | 22.5% | 15.8% | 3.0% | Raised | Guidance: 19.0% for Q1 2026 |
| Q2 2026 Net Income | 40.00 Mil | 41.00 Mil | 42.00 Mil | 28.1% | Raised | Guidance: 32.00 Mil for Q1 2026 | |
| Q2 2026 EPS | 0.57 | 0.58 | 0.59 | 28.9% | Raised | Guidance: 0.45 for Q1 2026 | |
| 2026 Revenue | 765.00 Mil | 767.00 Mil | 769.00 Mil | 0.1% | Raised | Guidance: 766.00 Mil for 2026 | |
| 2026 Operating Margin | 24.0% | 24.25% | 24.5% | 1.0% | 0.2% | Raised | Guidance: 24.0% for 2026 |
| 2026 Net Income | 174.00 Mil | 178.00 Mil | 182.00 Mil | 1.1% | Raised | Guidance: 176.00 Mil for 2026 | |
| 2026 EPS | 2.42 | 2.48 | 2.53 | 2.1% | Raised | Guidance: 2.42 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 180.00 Mil | 181.00 Mil | 182.00 Mil | ||||
| Q1 2026 Operating Margin | 18.5% | 19.0% | 19.5% | ||||
| Q1 2026 Net Income | 31.00 Mil | 32.00 Mil | 33.00 Mil | ||||
| Q1 2026 EPS | 0.44 | 0.45 | 0.46 | ||||
| 2026 Revenue | 764.00 Mil | 766.00 Mil | 768.00 Mil | 9.4% | Raised | Guidance: 700.00 Mil for 2025 | |
| 2026 Operating Margin | 23.7% | 24.0% | 24.3% | 7.9% | 1.8% | Raised | Guidance: 22.25% for 2025 |
| 2026 Net Income | 172.00 Mil | 176.00 Mil | 180.00 Mil | 13.5% | Raised | Guidance: 155.00 Mil for 2025 | |
| 2026 EPS | 2.37 | 2.42 | 2.48 | 15.2% | Raised | Guidance: 2.1 for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hughes, Gregory | Direct | Sell | 5222026 | 30.25 | 1,637 | 49,519 | 234,589 | Form | |
| 2 | Stalick, Michelle D | Chief Accounting Officer | Direct | Sell | 5202026 | 30.25 | 459 | 13,887 | 1,150,114 | Form |
| 3 | Unterman, Thomas | ETU Rustic Canyon Trust | Sell | 10282025 | 55.00 | 910 | 50,050 | 2,300,925 | Form | |
| 4 | Unterman, Thomas | ETU Rustic Canyon Trust | Sell | 9242025 | 55.00 | 910 | 50,050 | 2,350,975 | Form | |
| 5 | Unterman, Thomas | ETU Rustic Canyon Trust | Sell | 9242025 | 55.00 | 910 | 50,050 | 2,401,025 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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