Billtrust provides AI-powered accounts receivable (AR) software solutions. Self-described as an innovator in AR automation, Billtrust offers services that streamline invoicing, payment processing, cash application, and collections, aiming to enhance efficiency and customer satisfaction.

Billtrust

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany workflow that stores permissions by entity and transaction type thereby ensuring both the initiator and the approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

Therese Tucker

BlackLine, Inc.

Gradient MSP provides tools and services to help Managed Service Providers (MSPs) improve their billing accuracy, recover missed revenues, and enhance profitability through better pricing strategies and customer management. Self-described solutions include integrations with various vendor platforms.

Gradient MSP

A payment platform that helps businesses manage and pay their bills and vendors.

Metric
Company Name	Billtrust	BlackLine, Inc.	Gradient MSP	Melio
Symbol		BL
MSH ID	COM:BILLTRUST	COM:BLACKLINE	COM:MEETGRADIENT	COM:MELIOPAYMENTS
Market	PRIVATE	STOCKS	PRIVATE	PRIVATE
Sector	Commercial & Professional Services	Technology	Commercial & Professional Services	Financial Services & Finance
Industry	Financial Services	Software - Application	Software & IT Services	Financial Technology (FinTech)
Country	US	US	US
Stage	Post-IPO Equity			Series E
Employee Count		1.75K
Website	billtrust.com	blackline.com	meetgradient.com	meliopayments.com
LinkedIn
Founders

Metric
Market Cap		2.92B
Enterprise Value
Monthly Web Traffic	1.58M	466.37K	538.52K
Web Traffic Growth	0.11	-0.15	0.05
Valuation
Raised Capital	200M	600M	150M

Metric
Revenue		590.00M
Revenue (LTM)
Revenue (NTM)
Gross Profit		442.30M
EBITDA		46.94M
Operating Income		-3.16M
Net Income		52.83M
EPS		0.87
Diluted EPS		0.73
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		0.75
Operating Profit Margin		0.06
EBITDA Margin		0.08
Net Profit Margin		0.19
Return on Equity		0.45
Return on Assets		0.06
Return on Capital Employed		0.02

BILL

COM:BILLTRUST

Billtrust

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		75.43
P/B Ratio		16.55
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		6.65
EV Multiple		33.66

Metric
Days Sales Outstanding		82.94
Days Payables Outstanding		12.30
Days Inventory Outstanding		0.00
Operating Cycle		106.16
Cash Conversion Cycle		84.72
Asset Turnover		0.33

Metric
Operating Cash Flow		126.61M
Free Cash Flow		99.02M
Cash Flow to Debt		0.15
Operating Cash Flow/Sales		0.27
Free Cash Flow Yield		0.02

Metric
Cash & Equivalents		271.12M
Accounts Receivable		-20.86M
Inventory
Goodwill		448.96M
Debt to Capitalization		0.84
Debt to Assets		0.70
Current Ratio		2.18
Quick Ratio		2.30

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue		0.14
R&D to Revenue		0.19
SG&A to Revenue		0.09