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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -2.3%, a 5.0% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BL vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $140.7M |
| Net Profit | $4.9M | $-3.2M |
| Gross Margin | 75.2% | 41.9% |
| Operating Margin | 3.7% | -1.6% |
| Net Margin | 2.7% | -2.3% |
| Revenue YoY | 8.1% | 9.1% |
| Net Profit YoY | -91.3% | 62.1% |
| EPS (diluted) | $0.07 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $178.3M | $118.8M | ||
| Q2 25 | $172.0M | $105.1M | ||
| Q1 25 | $166.9M | $104.2M | ||
| Q4 24 | $169.5M | $129.0M | ||
| Q3 24 | $165.9M | $118.6M | ||
| Q2 24 | $160.5M | $120.3M | ||
| Q1 24 | $157.5M | $120.0M |
| Q4 25 | $4.9M | $-3.2M | ||
| Q3 25 | $5.3M | $-11.7M | ||
| Q2 25 | $8.3M | $-17.3M | ||
| Q1 25 | $6.1M | $-19.1M | ||
| Q4 24 | $56.4M | $-8.5M | ||
| Q3 24 | $17.2M | $-39.2M | ||
| Q2 24 | $76.7M | $27.0K | ||
| Q1 24 | $10.8M | $-50.2M |
| Q4 25 | 75.2% | 41.9% | ||
| Q3 25 | 75.1% | 42.8% | ||
| Q2 25 | 75.2% | 35.9% | ||
| Q1 25 | 75.5% | 39.4% | ||
| Q4 24 | 75.6% | 42.9% | ||
| Q3 24 | 75.2% | 29.7% | ||
| Q2 24 | 74.9% | 40.7% | ||
| Q1 24 | 75.2% | 34.8% |
| Q4 25 | 3.7% | -1.6% | ||
| Q3 25 | 4.3% | -10.2% | ||
| Q2 25 | 4.4% | -13.5% | ||
| Q1 25 | 2.1% | -13.9% | ||
| Q4 24 | 3.7% | -6.0% | ||
| Q3 24 | 5.0% | -39.5% | ||
| Q2 24 | 1.4% | -12.1% | ||
| Q1 24 | 1.1% | -19.3% |
| Q4 25 | 2.7% | -2.3% | ||
| Q3 25 | 3.0% | -9.9% | ||
| Q2 25 | 4.8% | -16.5% | ||
| Q1 25 | 3.6% | -18.4% | ||
| Q4 24 | 33.3% | -6.6% | ||
| Q3 24 | 10.4% | -33.1% | ||
| Q2 24 | 47.8% | 0.0% | ||
| Q1 24 | 6.9% | -41.8% |
| Q4 25 | $0.07 | $0.03 | ||
| Q3 25 | $0.09 | $0.11 | ||
| Q2 25 | $0.13 | $0.16 | ||
| Q1 25 | $0.10 | $0.18 | ||
| Q4 24 | $0.79 | $0.08 | ||
| Q3 24 | $0.27 | $0.36 | ||
| Q2 24 | $0.22 | $0.00 | ||
| Q1 24 | $0.17 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $332.3M | $-29.7M |
| Total Assets | $1.8B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $24.3M | ||
| Q3 25 | $419.9M | $32.4M | ||
| Q2 25 | $459.1M | $34.2M | ||
| Q1 25 | $479.5M | $21.6M | ||
| Q4 24 | $885.9M | $29.0M | ||
| Q3 24 | $725.3M | $23.4M | ||
| Q2 24 | $616.6M | $23.4M | ||
| Q1 24 | $331.4M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $-29.7M | ||
| Q3 25 | $328.3M | $-26.9M | ||
| Q2 25 | $414.0M | $-15.6M | ||
| Q1 25 | $417.9M | $1.3M | ||
| Q4 24 | $446.7M | $20.2M | ||
| Q3 24 | $367.9M | $28.0M | ||
| Q2 24 | $325.8M | $66.4M | ||
| Q1 24 | $279.8M | $65.5M |
| Q4 25 | $1.8B | $296.3M | ||
| Q3 25 | $1.7B | $302.1M | ||
| Q2 25 | $1.8B | $303.8M | ||
| Q1 25 | $1.8B | $293.8M | ||
| Q4 24 | $1.8B | $307.8M | ||
| Q3 24 | $1.7B | $309.3M | ||
| Q2 24 | $1.9B | $362.1M | ||
| Q1 24 | $2.1B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $26.1M | $-7.8M |
| FCF MarginFCF / Revenue | 14.2% | -5.5% |
| Capex IntensityCapex / Revenue | 0.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-5.8M | ||
| Q3 25 | $63.8M | $-968.0K | ||
| Q2 25 | $32.3M | $-4.0M | ||
| Q1 25 | $46.7M | $-23.1M | ||
| Q4 24 | $43.8M | $6.8M | ||
| Q3 24 | $55.9M | $1.1M | ||
| Q2 24 | $40.7M | $-8.9M | ||
| Q1 24 | $50.4M | $-16.8M |
| Q4 25 | $26.1M | $-7.8M | ||
| Q3 25 | $63.3M | $-1.8M | ||
| Q2 25 | $31.4M | $-7.0M | ||
| Q1 25 | $40.8M | $-25.3M | ||
| Q4 24 | $43.0M | $5.7M | ||
| Q3 24 | $55.5M | $101.0K | ||
| Q2 24 | $40.0M | $-11.0M | ||
| Q1 24 | $50.1M | $-19.9M |
| Q4 25 | 14.2% | -5.5% | ||
| Q3 25 | 35.5% | -1.5% | ||
| Q2 25 | 18.2% | -6.6% | ||
| Q1 25 | 24.4% | -24.3% | ||
| Q4 24 | 25.4% | 4.4% | ||
| Q3 24 | 33.5% | 0.1% | ||
| Q2 24 | 24.9% | -9.2% | ||
| Q1 24 | 31.8% | -16.5% |
| Q4 25 | 0.3% | 1.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 2.8% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 0.4% | 0.8% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.2% | 2.5% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | -330.22× | ||
| Q1 24 | 4.66× | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
