Blackline Safety (BLN) Q2 2026 earnings summary

Executive summary

• Revenue grew 23% year-over-year to $44.3 million for Q2 2026, with gross margin rising to 66% from 63% last year.

• Adjusted EBITDA increased 143% to $2.5 million, and Annual Recurring Revenue (ARR) rose 24% to $93.0 million year-over-year.

• Net loss narrowed to $3.1 million from $3.7 million in the prior year quarter.

• Commercial rollout of the new G8 connected safety wearable received strong industry and customer recognition.

Financial highlights

• Product revenue increased 21% year-over-year to $17.0 million; service revenue up 25% to $27.3 million.

• Gross profit rose 28% to $29.1 million; total expenses increased 27% to $32.2 million, including $3 million in transaction-related costs.

• Adjusted EBITDA per share improved to $0.03 from $0.01 year-over-year.

Outlook and guidance

• Transaction with Francisco Partners expected to close in late Q2 or early Q3 2026, pending shareholder and regulatory approvals.

• Forward-looking statements highlight risks of delays in transaction closing and regulatory approvals.