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Side-by-side financial comparison of BLACKLINE, INC. (BL) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $183.2M, roughly 1.8× BLACKLINE, INC.). PRA GROUP INC runs the higher net margin — 17.0% vs 2.7%, a 14.3% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
BL vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $333.4M |
| Net Profit | $4.9M | $56.5M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 37.7% |
| Net Margin | 2.7% | 17.0% |
| Revenue YoY | 8.1% | 13.7% |
| Net Profit YoY | -91.3% | 206.3% |
| EPS (diluted) | $0.07 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $178.3M | $311.1M | ||
| Q2 25 | $172.0M | $287.7M | ||
| Q1 25 | $166.9M | $269.6M | ||
| Q4 24 | $169.5M | $293.2M | ||
| Q3 24 | $165.9M | $281.5M | ||
| Q2 24 | $160.5M | $284.2M | ||
| Q1 24 | $157.5M | $255.6M |
| Q4 25 | $4.9M | $56.5M | ||
| Q3 25 | $5.3M | $-407.7M | ||
| Q2 25 | $8.3M | $42.4M | ||
| Q1 25 | $6.1M | $3.7M | ||
| Q4 24 | $56.4M | $18.5M | ||
| Q3 24 | $17.2M | $27.2M | ||
| Q2 24 | $76.7M | $21.5M | ||
| Q1 24 | $10.8M | $3.5M |
| 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 24 | 75.2% | — |
| Q4 25 | 3.7% | 37.7% | ||
| Q3 25 | 4.3% | -101.4% | ||
| Q2 25 | 4.4% | 29.6% | ||
| Q1 25 | 2.1% | 27.7% | ||
| Q4 24 | 3.7% | 32.1% | ||
| Q3 24 | 5.0% | 32.0% | ||
| Q2 24 | 1.4% | 31.4% | ||
| Q1 24 | 1.1% | 26.0% |
| Q4 25 | 2.7% | 17.0% | ||
| Q3 25 | 3.0% | -131.0% | ||
| Q2 25 | 4.8% | 14.7% | ||
| Q1 25 | 3.6% | 1.4% | ||
| Q4 24 | 33.3% | 6.3% | ||
| Q3 24 | 10.4% | 9.6% | ||
| Q2 24 | 47.8% | 7.6% | ||
| Q1 24 | 6.9% | 1.4% |
| Q4 25 | $0.07 | $1.47 | ||
| Q3 25 | $0.09 | $-10.43 | ||
| Q2 25 | $0.13 | $1.08 | ||
| Q1 25 | $0.10 | $0.09 | ||
| Q4 24 | $0.79 | $0.47 | ||
| Q3 24 | $0.27 | $0.69 | ||
| Q2 24 | $0.22 | $0.54 | ||
| Q1 24 | $0.17 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $979.9M |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $104.4M | ||
| Q3 25 | $419.9M | $107.5M | ||
| Q2 25 | $459.1M | $131.6M | ||
| Q1 25 | $479.5M | $128.7M | ||
| Q4 24 | $885.9M | $105.9M | ||
| Q3 24 | $725.3M | $141.1M | ||
| Q2 24 | $616.6M | $118.9M | ||
| Q1 24 | $331.4M | $108.1M |
| Q4 25 | $332.3M | $979.9M | ||
| Q3 25 | $328.3M | $928.5M | ||
| Q2 25 | $414.0M | $1.3B | ||
| Q1 25 | $417.9M | $1.2B | ||
| Q4 24 | $446.7M | $1.1B | ||
| Q3 24 | $367.9M | $1.2B | ||
| Q2 24 | $325.8M | $1.1B | ||
| Q1 24 | $279.8M | $1.1B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $1.8B | $5.1B | ||
| Q4 24 | $1.8B | $4.9B | ||
| Q3 24 | $1.7B | $4.9B | ||
| Q2 24 | $1.9B | $4.7B | ||
| Q1 24 | $2.1B | $4.5B |
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 | $-85.5M |
| Free Cash FlowOCF − Capex | $26.1M | $-90.4M |
| FCF MarginFCF / Revenue | 14.2% | -27.1% |
| Capex IntensityCapex / Revenue | 0.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 5.46× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-85.5M | ||
| Q3 25 | $63.8M | $-10.1M | ||
| Q2 25 | $32.3M | $-12.9M | ||
| Q1 25 | $46.7M | $-52.6M | ||
| Q4 24 | $43.8M | $-94.6M | ||
| Q3 24 | $55.9M | $-35.0M | ||
| Q2 24 | $40.7M | $-29.5M | ||
| Q1 24 | $50.4M | $-73.0M |
| Q4 25 | $26.1M | $-90.4M | ||
| Q3 25 | $63.3M | $-11.3M | ||
| Q2 25 | $31.4M | $-14.2M | ||
| Q1 25 | $40.8M | $-53.5M | ||
| Q4 24 | $43.0M | $-98.6M | ||
| Q3 24 | $55.5M | $-36.1M | ||
| Q2 24 | $40.0M | $-30.8M | ||
| Q1 24 | $50.1M | $-73.5M |
| Q4 25 | 14.2% | -27.1% | ||
| Q3 25 | 35.5% | -3.6% | ||
| Q2 25 | 18.2% | -4.9% | ||
| Q1 25 | 24.4% | -19.8% | ||
| Q4 24 | 25.4% | -33.6% | ||
| Q3 24 | 33.5% | -12.8% | ||
| Q2 24 | 24.9% | -10.8% | ||
| Q1 24 | 31.8% | -28.8% |
| Q4 25 | 0.3% | 1.4% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 3.6% | 0.3% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 0.4% | 0.5% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | 5.46× | -1.51× | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | -0.30× | ||
| Q1 25 | 7.72× | -14.37× | ||
| Q4 24 | 0.78× | -5.13× | ||
| Q3 24 | 3.24× | -1.29× | ||
| Q2 24 | 0.53× | -1.37× | ||
| Q1 24 | 4.66× | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
