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Blackline Safety
Blackline Safety (BLN) investor relations material
Blackline Safety Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary15 Jan, 2026
Executive summary
Achieved record fiscal 2025 revenue of CAD 150.5 million, up 18% year-over-year, and record Annual Recurring Revenue (ARR) of CAD 84.5 million, up nearly 30% year-over-year, with 35 consecutive quarters of year-over-year growth.
Net Dollar Retention (NDR) reached 128% in Q4, indicating strong customer expansion and retention.
Sixth consecutive quarter of positive Adjusted EBITDA, with CAD 6.1 million for the year, a turnaround from a loss in fiscal 2024.
Launched the G8, a next-generation connected safety wearable, with initial shipments expected in February 2026.
Financial highlights
Q4 revenue grew 10% year-over-year to CAD 39.3 million, with service revenue up 30% to CAD 25.5 million and product revenue down 14% due to macroeconomic headwinds.
Software services revenue rose 26% to CAD 21.5 million; rental revenue increased 55% to CAD 4 million.
Full-year revenue up 18% to CAD 150.5 million; service revenue up 30% to CAD 90.5 million; product revenue up 4% to CAD 60 million.
Gross profit for the year was CAD 95.3 million, up 28% year-over-year; gross margin improved to 63% from 58% in 2024.
Year-end cash and short-term investments totaled CAD 46.6 million, with total available liquidity of CAD 76.4 million.
Outlook and guidance
Expect a two- to three-quarter transition from G7 to G8, with full switch anticipated by year-end; initial shipments of G8 to begin in February 2026.
Anticipate some Q1 headwinds as customers delay purchases in anticipation of G8, with stronger growth expected from Q2 onward.
G8 platform expected to drive higher service revenue and customer retention through new app-like features and productivity tools.
Management expects continued strong demand for subscription-based services and global customer base expansion.
ADNOC multi-year agreement could see up to 28,000 devices deployed over the next two years, supporting Middle East growth.
G8's impact on service revenue growth
Mitigation for Q4 product revenue decline
CFO transition impact on financial strategy
ADNOC 28k device deployment timeline
G8 impact on service gross margin
Quantify US gov shutdown impact on Q4 product
Partial view of Summaries dataset, powered by Quartr API
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Next Blackline Safety earnings date
Q1 202612 Mar, 2026
Blackline Safety
Next Blackline Safety earnings date
Q1 202612 Mar, 2026
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Frequently asked questions
Ensuring Workplace Safety
Blackline Safety Corp is a Canadian company focused on developing and delivering industrial safety technology solutions. At its core, the company specializes in connected safety equipment and monitoring services that cater to various industrial sectors. Their product portfolio primarily includes gas detection devices, wearable safety gadgets, and real-time monitoring systems. These tools are designed to provide both immediate and long-term safety measures for workers in potentially hazardous environments.
Hailing from Canadas Energy Hub
Blackline Safety Corp is from Canada's premier energy city: Calgary has grown over the years to establish itself as a key player in the realm of industrial safety technology. The company was founded in 2004, recognizing the increasing demand for integrated safety solutions built for modern industries. From the get-go, Blackline dedicated itself to creating products that blend functionality with user-friendliness. Over the years, the company has evolved, expanding its product range to include advanced gas detection devices, wearable safety tech, and real-time monitoring services.
Oil and Gas
In the oil and gas industry, operations are often conducted in remote, harsh, and potentially hazardous environments. Blackline Safety's wearable devices are designed to monitor environmental hazards and worker well-being in real time. Integrated with advanced gas detection and location tracking, these wearables can immediately alert both the worker and centralized monitoring stations of potential dangers. Moreover, the connectivity features of Blackline's wearables ensure that workers, even in the most isolated locations, remain within reach for emergency responses. Some companies in the sector that utilize Blackline’s safety equipment include names like Shell, Exxon Mobile, and Suncor Energy.
Safety First
Blackline Safety Corp's products cater to a vast array of industries where worker safety is paramount, and not just in oil and gas. Its wearable safety equipment ensures that field staff are always connected and able to communicate, even in the most remote locations. Manufacturing plants can utilize Blackline's solutions to monitor indoor air quality and protect workers from hazardous environments. Construction sites, often fraught with potential dangers, rely on Blackline's devices for timely incident detection and response. Moreover, in the world of transportation and logistics, their products monitor and ensure the well-being of employees on the move. In essence, any scenario where worker safety can be compromised, Blackline's innovations come into play.
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