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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Lovesac Co (LOVE). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $150.2M, roughly 1.2× Lovesac Co). BLACKLINE, INC. runs the higher net margin — 2.7% vs -7.0%, a 9.7% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 0.2%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-10.2M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -22.6%).
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.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
BL vs LOVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $150.2M |
| Net Profit | $4.9M | $-10.6M |
| Gross Margin | 75.2% | 56.1% |
| Operating Margin | 3.7% | -10.5% |
| Net Margin | 2.7% | -7.0% |
| Revenue YoY | 8.1% | 0.2% |
| Net Profit YoY | -91.3% | -114.0% |
| EPS (diluted) | $0.07 | $-0.72 |
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.
| Q4 25 | $183.2M | $150.2M | ||
| Q3 25 | $178.3M | $160.5M | ||
| Q2 25 | $172.0M | $138.4M | ||
| Q1 25 | $166.9M | $241.5M | ||
| Q4 24 | $169.5M | $149.9M | ||
| Q3 24 | $165.9M | $156.6M | ||
| Q2 24 | $160.5M | $132.6M | ||
| Q1 24 | $157.5M | $250.5M |
| Q4 25 | $4.9M | $-10.6M | ||
| Q3 25 | $5.3M | $-6.7M | ||
| Q2 25 | $8.3M | $-10.8M | ||
| Q1 25 | $6.1M | $35.3M | ||
| Q4 24 | $56.4M | $-4.9M | ||
| Q3 24 | $17.2M | $-5.9M | ||
| Q2 24 | $76.7M | $-13.0M | ||
| Q1 24 | $10.8M | $31.0M |
| Q4 25 | 75.2% | 56.1% | ||
| Q3 25 | 75.1% | 56.4% | ||
| Q2 25 | 75.2% | 53.7% | ||
| Q1 25 | 75.5% | 60.4% | ||
| Q4 24 | 75.6% | 58.5% | ||
| Q3 24 | 75.2% | 59.0% | ||
| Q2 24 | 74.9% | 54.3% | ||
| Q1 24 | 75.2% | 59.7% |
| Q4 25 | 3.7% | -10.5% | ||
| Q3 25 | 4.3% | -5.5% | ||
| Q2 25 | 4.4% | -10.8% | ||
| Q1 25 | 2.1% | 19.7% | ||
| Q4 24 | 3.7% | -5.2% | ||
| Q3 24 | 5.0% | -5.3% | ||
| Q2 24 | 1.4% | -13.5% | ||
| Q1 24 | 1.1% | 16.1% |
| Q4 25 | 2.7% | -7.0% | ||
| Q3 25 | 3.0% | -4.1% | ||
| Q2 25 | 4.8% | -7.8% | ||
| Q1 25 | 3.6% | 14.6% | ||
| Q4 24 | 33.3% | -3.3% | ||
| Q3 24 | 10.4% | -3.7% | ||
| Q2 24 | 47.8% | -9.8% | ||
| Q1 24 | 6.9% | 12.4% |
| Q4 25 | $0.07 | $-0.72 | ||
| Q3 25 | $0.09 | $-0.45 | ||
| Q2 25 | $0.13 | $-0.73 | ||
| Q1 25 | $0.10 | $2.22 | ||
| Q4 24 | $0.79 | $-0.32 | ||
| Q3 24 | $0.27 | $-0.38 | ||
| Q2 24 | $0.22 | $-0.83 | ||
| Q1 24 | $0.17 | $1.91 |
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 | $23.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $189.3M |
| Total Assets | $1.8B | $495.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $23.7M | ||
| Q3 25 | $419.9M | $34.2M | ||
| Q2 25 | $459.1M | $26.9M | ||
| Q1 25 | $479.5M | $83.7M | ||
| Q4 24 | $885.9M | $61.7M | ||
| Q3 24 | $725.3M | $72.1M | ||
| Q2 24 | $616.6M | $72.4M | ||
| Q1 24 | $331.4M | $87.0M |
| Q4 25 | $332.3M | $189.3M | ||
| Q3 25 | $328.3M | $197.5M | ||
| Q2 25 | $414.0M | $201.2M | ||
| Q1 25 | $417.9M | $216.4M | ||
| Q4 24 | $446.7M | $196.5M | ||
| Q3 24 | $367.9M | $202.1M | ||
| Q2 24 | $325.8M | $205.3M | ||
| Q1 24 | $279.8M | $217.5M |
| Q4 25 | $1.8B | $495.5M | ||
| Q3 25 | $1.7B | $493.7M | ||
| Q2 25 | $1.8B | $483.7M | ||
| Q1 25 | $1.8B | $532.3M | ||
| Q4 24 | $1.8B | $499.7M | ||
| Q3 24 | $1.7B | $481.1M | ||
| Q2 24 | $1.9B | $477.2M | ||
| Q1 24 | $2.1B | $482.2M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $26.1M | $-10.2M |
| FCF MarginFCF / Revenue | 14.2% | -6.8% |
| Capex IntensityCapex / Revenue | 0.3% | 3.5% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-4.9M | ||
| Q3 25 | $63.8M | $12.2M | ||
| Q2 25 | $32.3M | $-41.4M | ||
| Q1 25 | $46.7M | $44.0M | ||
| Q4 24 | $43.8M | $-4.2M | ||
| Q3 24 | $55.9M | $6.2M | ||
| Q2 24 | $40.7M | $-7.0M | ||
| Q1 24 | $50.4M | $56.3M |
| Q4 25 | $26.1M | $-10.2M | ||
| Q3 25 | $63.3M | $7.8M | ||
| Q2 25 | $31.4M | $-50.0M | ||
| Q1 25 | $40.8M | $38.7M | ||
| Q4 24 | $43.0M | $-6.6M | ||
| Q3 24 | $55.5M | $119.0K | ||
| Q2 24 | $40.0M | $-14.3M | ||
| Q1 24 | $50.1M | $49.5M |
| Q4 25 | 14.2% | -6.8% | ||
| Q3 25 | 35.5% | 4.9% | ||
| Q2 25 | 18.2% | -36.1% | ||
| Q1 25 | 24.4% | 16.0% | ||
| Q4 24 | 25.4% | -4.4% | ||
| Q3 24 | 33.5% | 0.1% | ||
| Q2 24 | 24.9% | -10.8% | ||
| Q1 24 | 31.8% | 19.8% |
| Q4 25 | 0.3% | 3.5% | ||
| Q3 25 | 0.3% | 2.7% | ||
| Q2 25 | 0.6% | 6.2% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 0.4% | 1.6% | ||
| Q3 24 | 0.2% | 3.9% | ||
| Q2 24 | 0.4% | 5.5% | ||
| Q1 24 | 0.2% | 2.7% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | 1.25× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | 1.82× |
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% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
