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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $183.2M, roughly 1.1× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -4.5%, a 7.2% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
BL vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $192.4M |
| Net Profit | $4.9M | $-8.6M |
| Gross Margin | 75.2% | 39.1% |
| Operating Margin | 3.7% | -4.6% |
| Net Margin | 2.7% | -4.5% |
| Revenue YoY | 8.1% | 29.5% |
| Net Profit YoY | -91.3% | 12.7% |
| EPS (diluted) | $0.07 | — |
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 | $192.4M | ||
| Q3 25 | $178.3M | $180.7M | ||
| Q2 25 | $172.0M | $162.5M | ||
| Q1 25 | $166.9M | $151.0M | ||
| Q4 24 | $169.5M | $148.5M | ||
| Q3 24 | $165.9M | $141.7M | ||
| Q2 24 | $160.5M | $132.6M | ||
| Q1 24 | $157.5M | $122.7M |
| Q4 25 | $4.9M | $-8.6M | ||
| Q3 25 | $5.3M | $-11.6M | ||
| Q2 25 | $8.3M | $-26.4M | ||
| Q1 25 | $6.1M | $-15.1M | ||
| Q4 24 | $56.4M | $-9.9M | ||
| Q3 24 | $17.2M | $-10.2M | ||
| Q2 24 | $76.7M | $-13.7M | ||
| Q1 24 | $10.8M | $-16.6M |
| Q4 25 | 75.2% | 39.1% | ||
| Q3 25 | 75.1% | 39.9% | ||
| Q2 25 | 75.2% | 40.1% | ||
| Q1 25 | 75.5% | 37.3% | ||
| Q4 24 | 75.6% | 39.7% | ||
| Q3 24 | 75.2% | 39.4% | ||
| Q2 24 | 74.9% | 39.9% | ||
| Q1 24 | 75.2% | 39.0% |
| Q4 25 | 3.7% | -4.6% | ||
| Q3 25 | 4.3% | -6.1% | ||
| Q2 25 | 4.4% | -6.3% | ||
| Q1 25 | 2.1% | -10.2% | ||
| Q4 24 | 3.7% | -7.8% | ||
| Q3 24 | 5.0% | -8.1% | ||
| Q2 24 | 1.4% | -11.5% | ||
| Q1 24 | 1.1% | -14.6% |
| Q4 25 | 2.7% | -4.5% | ||
| Q3 25 | 3.0% | -6.4% | ||
| Q2 25 | 4.8% | -16.3% | ||
| Q1 25 | 3.6% | -10.0% | ||
| Q4 24 | 33.3% | -6.7% | ||
| Q3 24 | 10.4% | -7.2% | ||
| Q2 24 | 47.8% | -10.3% | ||
| Q1 24 | 6.9% | -13.5% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.22 | — | ||
| Q1 24 | $0.17 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $275.6M |
| Total Assets | $1.8B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $219.1M | ||
| Q3 25 | $419.9M | $224.5M | ||
| Q2 25 | $459.1M | $225.8M | ||
| Q1 25 | $479.5M | $231.4M | ||
| Q4 24 | $885.9M | $239.8M | ||
| Q3 24 | $725.3M | $234.0M | ||
| Q2 24 | $616.6M | $240.9M | ||
| Q1 24 | $331.4M | $253.8M |
| Q4 25 | $332.3M | $275.6M | ||
| Q3 25 | $328.3M | $272.0M | ||
| Q2 25 | $414.0M | $270.4M | ||
| Q1 25 | $417.9M | $309.9M | ||
| Q4 24 | $446.7M | $314.5M | ||
| Q3 24 | $367.9M | $315.2M | ||
| Q2 24 | $325.8M | $315.8M | ||
| Q1 24 | $279.8M | $320.4M |
| Q4 25 | $1.8B | $703.7M | ||
| Q3 25 | $1.7B | $698.9M | ||
| Q2 25 | $1.8B | $687.0M | ||
| Q1 25 | $1.8B | $690.1M | ||
| Q4 24 | $1.8B | $680.1M | ||
| Q3 24 | $1.7B | $678.2M | ||
| Q2 24 | $1.9B | $678.6M | ||
| Q1 24 | $2.1B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $26.1M | $-5.9M |
| FCF MarginFCF / Revenue | 14.2% | -3.0% |
| Capex IntensityCapex / Revenue | 0.3% | 5.3% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $4.4M | ||
| Q3 25 | $63.8M | $5.8M | ||
| Q2 25 | $32.3M | $-427.0K | ||
| Q1 25 | $46.7M | $-3.7M | ||
| Q4 24 | $43.8M | $9.1M | ||
| Q3 24 | $55.9M | $-3.6M | ||
| Q2 24 | $40.7M | $-9.1M | ||
| Q1 24 | $50.4M | $-11.7M |
| Q4 25 | $26.1M | $-5.9M | ||
| Q3 25 | $63.3M | $-1.7M | ||
| Q2 25 | $31.4M | $-7.4M | ||
| Q1 25 | $40.8M | $-9.2M | ||
| Q4 24 | $43.0M | $4.5M | ||
| Q3 24 | $55.5M | $-8.4M | ||
| Q2 24 | $40.0M | $-13.5M | ||
| Q1 24 | $50.1M | $-16.1M |
| Q4 25 | 14.2% | -3.0% | ||
| Q3 25 | 35.5% | -0.9% | ||
| Q2 25 | 18.2% | -4.5% | ||
| Q1 25 | 24.4% | -6.1% | ||
| Q4 24 | 25.4% | 3.1% | ||
| Q3 24 | 33.5% | -6.0% | ||
| Q2 24 | 24.9% | -10.2% | ||
| Q1 24 | 31.8% | -13.1% |
| Q4 25 | 0.3% | 5.3% | ||
| Q3 25 | 0.3% | 4.1% | ||
| Q2 25 | 0.6% | 4.3% | ||
| Q1 25 | 3.6% | 3.6% | ||
| Q4 24 | 0.4% | 3.1% | ||
| Q3 24 | 0.2% | 3.4% | ||
| Q2 24 | 0.4% | 3.3% | ||
| Q1 24 | 0.2% | 3.5% |
| 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× | — | ||
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
