Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Earnings

Blackline Safety Reports Record First Quarter 2026 Revenue of $38.8 million and Record First Quarter Adjusted EBITDA of $1.7 million

By The Northwire Desk — AI Analysis Mar 12, 2026 · 07:17 BLN · 7.0 BLACKLINE SAFETY CORP. J
BLN · Price

Executive Summary

  • Blackline Safety reported record ARR of $90.5 M (+28% YoY) and a 36‑quarter streak of revenue growth, with Q1 revenue of $38.8 M (+3% YoY).
  • Adjusted EBITDA turned positive at $1.7 M (up 12% YoY), marking the seventh consecutive quarter of positive adjusted EBITDA despite a net loss of $2.8 M driven by foreign‑exchange impacts.
  • Gross margin reached a new high of 65% (service gross margin 81%), reflecting a shift toward higher‑margin software services and the upcoming G8 product launch.

Key Details

  • Revenue: $38.848 M (2026) vs. $37.675 M (2025), +3% YoY.
  • Product Revenue: $13.957 M, down 22% YoY.
  • Service Revenue: $24.891 M, up 25% YoY.
  • ARR: $90.5 M, +28% YoY (previous $70.9 M).
  • Net Dollar Retention: 126%, eleventh consecutive quarter >125%.
  • Gross Margin: 65% (up from 60% YoY); Service margin 81%; Product margin ~37%.
  • Adjusted EBITDA: $1.704 M, +12% YoY; Adjusted EBITDA per share $0.02.
  • Net Loss: $(2.819) M, vs. $(1.130) M prior year (loss widened 149%).
  • Cash & Cash Equivalents: $41.4 M at quarter end.
  • Liquidity: Senior secured operating facility capacity ~$29.9 M; total available liquidity ≈ $71.3 M.
  • Geographic Performance: Rest of World revenue +50% YoY to $3.7 M; Europe +14% to $10.4 M; Canada +3% to $7.1 M; United States –8% to $17.8 M (baseline effect from prior‑year tariff‑driven surge).
  • Product Updates: G8 wearable shipments slated for March 2026; EXO 8 area monitor gaining traction, used at Winter Olympic Games.
  • Conference Call: Scheduled for 11:00 a.m. ET, Thursday March 12 2026 (dial‑in details provided).

Notable Quotes

“Blackline has delivered another strong quarter… demonstrating the durability of our industrial, worker‑focused business model and the sustained global demand for connected safety solutions.” – Cody Slater, CEO & Chair
“Our continued margin expansion reflects the natural operating leverage in our business model as services become an increasingly larger portion of our revenue mix.” – Cody Slater

Read the original news release →

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