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Side-by-side financial comparison of BLACKLINE, INC. (BL) and LendingClub Corp (LC). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $183.2M, roughly 1.4× BLACKLINE, INC.). LendingClub Corp runs the higher net margin — 20.5% vs 2.7%, a 17.8% gap on every dollar of revenue. On growth, LendingClub Corp posted the faster year-over-year revenue change (15.9% vs 8.1%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (16.1% CAGR vs 7.9%).
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
BL vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $252.3M |
| Net Profit | $4.9M | $51.6M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | 20.5% |
| Revenue YoY | 8.1% | 15.9% |
| Net Profit YoY | -91.3% | 341.0% |
| EPS (diluted) | $0.07 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $252.3M | ||
| Q4 25 | $183.2M | $266.5M | ||
| Q3 25 | $178.3M | $266.2M | ||
| Q2 25 | $172.0M | $248.4M | ||
| Q1 25 | $166.9M | $217.7M | ||
| Q4 24 | $169.5M | $217.2M | ||
| Q3 24 | $165.9M | $201.9M | ||
| Q2 24 | $160.5M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $4.9M | — | ||
| Q3 25 | $5.3M | $44.3M | ||
| Q2 25 | $8.3M | $38.2M | ||
| Q1 25 | $6.1M | $11.7M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $17.2M | $14.5M | ||
| Q2 24 | $76.7M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 18.8% | ||
| Q3 25 | 4.3% | 21.5% | ||
| Q2 25 | 4.4% | 21.7% | ||
| Q1 25 | 2.1% | 7.2% | ||
| Q4 24 | 3.7% | 5.1% | ||
| Q3 24 | 5.0% | 8.9% | ||
| Q2 24 | 1.4% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.0% | 16.6% | ||
| Q2 25 | 4.8% | 15.4% | ||
| Q1 25 | 3.6% | 5.4% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 10.4% | 7.2% | ||
| Q2 24 | 47.8% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.07 | $0.36 | ||
| Q3 25 | $0.09 | $0.37 | ||
| Q2 25 | $0.13 | $0.33 | ||
| Q1 25 | $0.10 | $0.10 | ||
| Q4 24 | $0.79 | $0.08 | ||
| Q3 24 | $0.27 | $0.13 | ||
| Q2 24 | $0.22 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $390.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $1.5B |
| Total Assets | $1.8B | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $332.3M | $1.5B | ||
| Q3 25 | $328.3M | $1.5B | ||
| Q2 25 | $414.0M | $1.4B | ||
| Q1 25 | $417.9M | $1.4B | ||
| Q4 24 | $446.7M | $1.3B | ||
| Q3 24 | $367.9M | $1.3B | ||
| Q2 24 | $325.8M | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $1.8B | $11.6B | ||
| Q3 25 | $1.7B | $11.1B | ||
| Q2 25 | $1.8B | $10.8B | ||
| Q1 25 | $1.8B | $10.5B | ||
| Q4 24 | $1.8B | $10.6B | ||
| Q3 24 | $1.7B | $11.0B | ||
| Q2 24 | $1.9B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.7M | — |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $-2.7B | ||
| Q3 25 | $63.8M | $-770.8M | ||
| Q2 25 | $32.3M | $-713.1M | ||
| Q1 25 | $46.7M | $-339.3M | ||
| Q4 24 | $43.8M | $-2.6B | ||
| Q3 24 | $55.9M | $-669.8M | ||
| Q2 24 | $40.7M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $-2.9B | ||
| Q3 25 | $63.3M | $-791.8M | ||
| Q2 25 | $31.4M | $-803.8M | ||
| Q1 25 | $40.8M | $-352.3M | ||
| Q4 24 | $43.0M | $-2.7B | ||
| Q3 24 | $55.5M | $-682.3M | ||
| Q2 24 | $40.0M | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | -1076.0% | ||
| Q3 25 | 35.5% | -297.4% | ||
| Q2 25 | 18.2% | -323.5% | ||
| Q1 25 | 24.4% | -161.8% | ||
| Q4 24 | 25.4% | -1237.8% | ||
| Q3 24 | 33.5% | -338.0% | ||
| Q2 24 | 24.9% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 52.7% | ||
| Q3 25 | 0.3% | 7.9% | ||
| Q2 25 | 0.6% | 36.5% | ||
| Q1 25 | 3.6% | 6.0% | ||
| Q4 24 | 0.4% | 25.0% | ||
| Q3 24 | 0.2% | 6.2% | ||
| Q2 24 | 0.4% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | -17.41× | ||
| Q2 25 | 3.90× | -18.68× | ||
| Q1 25 | 7.72× | -29.07× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | -46.33× | ||
| Q2 24 | 0.53× | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
LC
Segment breakdown not available.
