Blackbaud (BLKB)

Nasdaq Information Technology Application Software S&P SmallCap 600

$54.12

-1.68 (-3.01%)

Close of Nov 06, 2026 · end-of-day data

Source: Blackbaud's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$731.64M	$788.49M	$848.61M	$900.42M	$913.22M	$927.74M	$1.06B	$1.11B	$1.15B	$1.13B
Cost of revenue	$339.22M	$361.90M	$381.74M	$418.42M	$428.06M	$443.19M	$505.39M	$508.02M	$523.20M	$465.07M
Gross profit	$392.42M	$426.58M	$466.86M	$482.00M	$485.15M	$484.55M	$552.72M	$599.05M	$631.43M	$663.29M
Research & development	$89.87M	$89.91M	$98.81M	$106.16M	$100.15M	$124.57M	$156.91M	$147.47M	$153.68M	$138.13M
Operating income	$68.22M	$68.18M	$59.42M	$27.14M	$37.24M	$24.91M	-$28.48M	$46.35M	-$271.38M	$190.75M
Interest expense	$10.58M	$12.10M	$15.90M	$20.62M	$17.29M	$18.00M	$35.80M	$39.92M	$55.63M	$67.97M
Pre-tax income	$57.35M	$58.34M	$44.62M	$10.59M	$21.61M	$7.08M	-$55.58M	$19.29M	-$312.46M	$131.78M
Income tax	$11.95M	-$15.29M	-$219.00K	-$1.32M	$13.90M	$1.39M	-$10.17M	$16.27M	-$12.94M	$16.81M
Net income	$45.40M	$73.63M	$44.84M	$11.91M	$7.72M	$5.70M	-$45.41M	$3.02M	-$299.52M	$114.97M
EBITDA	$138.72M	$142.13M	$138.98M	$112.84M	$129.98M	$107.32M	$73.88M	$155.84M	-$149.71M	$276.97M
EPS (basic)	$0.98	$1.58	$0.95	$0.25	$0.16	$0.12	$-0.88	$0.06	$-5.92	$2.41
EPS (diluted)	$0.96	$1.54	$0.93	$0.25	$0.16	$0.12	$-0.88	$0.06	$-5.92	$2.37
Diluted shares	47.32M	47.78M	48.05M	48.31M	48.70M	48.23M	51.57M	53.72M	50.56M	48.47M
Gross margin	53.6%	54.1%	55.0%	53.5%	53.1%	52.2%	52.2%	54.1%	54.7%	58.8%
Operating margin	9.3%	8.6%	7.0%	3.0%	4.1%	2.7%	-2.7%	4.2%	-23.5%	16.9%
Net margin	6.2%	9.3%	5.3%	1.3%	0.8%	0.6%	-4.3%	0.3%	-25.9%	10.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$16.90M	$29.83M	$30.87M	$31.81M	$35.75M	$55.15M	$31.69M	$31.25M	$67.63M	$38.91M
Receivables	$88.26M	$95.68M	$86.59M	$88.87M	$95.40M	$102.73M	$102.81M	$101.86M	$83.54M	$80.52M
Total current assets	$507.92M	$799.37M	$597.98M	$734.54M	$819.06M	$850.97M	$918.64M	$929.90M	$976.59M	$930.09M
Goodwill	$438.24M	$530.25M	$545.21M	$634.09M	$635.85M	$1.06B	$1.05B	$1.05B	$1.05B	$1.06B
Total assets	$1.31B	$1.80B	$1.62B	$1.99B	$2.04B	$2.97B	$2.99B	$2.91B	$2.50B	$2.39B
Total current liabilities	$680.12M	$974.61M	$805.65M	$988.84M	$1.01B	$1.11B	$1.23B	$1.20B	$1.25B	$1.18B
Short-term debt	$4.38M	$8.58M	$7.50M	$7.50M	$12.84M	$18.70M	$18.80M	$19.26M	$23.88M	$22.66M
Long-term debt	$338.02M	$429.65M	$379.62M	$459.60M	$518.19M	$937.48M	$840.24M	$760.40M	$1.05B	$1.09B
Total debt	$342.39M	$438.22M	$387.12M	$467.10M	$531.03M	$956.18M	$859.04M	$779.66M	$1.07B	$1.11B
Total liabilities	$1.06B	$1.46B	$1.24B	$1.60B	$1.62B	$2.25B	$2.25B	$2.10B	$2.37B	$2.31B
Shareholders' equity	$269.08M	$336.29M	$373.78M	$396.76M	$426.15M	$717.06M	$744.03M	$809.90M	$126.84M	$85.05M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$153.63M	$176.29M	$201.38M	$182.48M	$147.96M	$213.66M	$203.89M	$199.63M	$295.97M	$265.55M
Capital expenditures	$17.69M	$10.21M	$14.72M	$11.49M	$29.69M	$11.66M	$12.29M	$4.68M	$7.44M	$7.77M
Free cash flow	$135.93M	$166.08M	$186.67M	$170.99M	$118.27M	$202.00M	$191.60M	$194.95M	$288.53M	$257.78M
Investing cash flow	-$47.43M	-$184.88M	-$97.79M	-$167.22M	-$71.85M	-$471.27M	-$85.55M	-$64.39M	-$73.41M	-$74.94M
Financing cash flow	-$8.55M	$278.64M	-$291.91M	$111.21M	-$10.68M	$264.11M	-$25.69M	-$142.97M	-$139.35M	-$247.40M
Dividends paid	$22.81M	$23.07M	$23.31M	$23.61M	$5.96M	$0	$0	—	—	—
Share buybacks	—	—	$0	$0	$41.00M	$108.42M	$0	$18.83M	$418.03M	$217.15M
Stock-based compensation	$32.64M	$40.63M	$48.27M	$58.63M	$87.26M	$120.38M	$110.29M	$127.76M	$104.97M	$92.91M
Depreciation & amortization	$70.49M	$73.95M	$79.57M	$85.69M	$92.73M	$82.41M	$102.37M	$109.49M	$121.67M	$86.22M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$296.66M	$278.60M	$287.30M	$286.60M	$302.11M	$269.94M	$282.03M	$281.14M	$295.26M	$281.14M	$290.60M	$292.64M
Cost of revenue	$141.67M	$127.90M	$126.40M	$129.29M	$139.58M	$114.81M	$113.63M	$113.65M	$122.97M	$114.58M	$112.43M	$114.85M
Gross profit	$154.99M	$150.70M	$160.90M	$157.31M	$162.53M	$155.12M	$168.40M	$167.49M	$172.28M	$166.56M	$178.16M	$177.79M
Research & development	$32.77M	$40.70M	$37.40M	$37.92M	$37.63M	$33.56M	$33.59M	$37.20M	$33.78M	$36.92M	$34.86M	$36.21M
Operating income	$33.96M	$13.30M	$41.40M	$41.15M	-$367.26M	$19.70M	$57.33M	$54.57M	$59.14M	$51.45M	$62.02M	$59.95M
Interest expense	$8.47M	$10.28M	$15.71M	$14.14M	$15.50M	$16.95M	$18.41M	$16.77M	$15.84M	$16.04M	$17.58M	$16.11M
Pre-tax income	$27.90M	$6.40M	$29.00M	$30.00M	-$377.87M	$4.87M	$40.04M	$41.04M	$45.83M	$37.80M	$46.42M	$46.44M
Income tax	$21.31M	-$900.00K	$7.80M	$11.71M	-$31.51M	$542.00K	$13.57M	-$6.45M	$9.14M	$6.67M	$11.06M	$371.00K
Net income	$6.60M	$7.31M	$21.24M	$18.29M	-$346.36M	$4.32M	$26.47M	$47.49M	$36.69M	$31.14M	$35.36M	$46.07M
EBITDA	$61.82M	$43.40M	$71.86M	$72.21M	-$337.21M	$41.35M	$79.03M	$75.88M	$80.70M	$72.00M	$82.76M	$81.25M
EPS (basic)	$0.13	$0.14	$0.42	$0.36	$-6.84	$0.09	$0.55	$1.00	$0.78	$0.68	$0.79	$1.04
EPS (diluted)	$0.13	$0.14	$0.41	$0.35	$-6.82	$0.09	$0.55	$0.98	$0.76	$0.67	$0.79	$1.02
Diluted shares	1.23M	53.41M	51.68M	51.63M	-1.55M	49.45M	48.25M	48.50M	-164.07K	46.35M	44.88M	44.96M
Gross margin	52.2%	54.1%	56.0%	54.9%	53.8%	57.5%	59.7%	59.6%	58.4%	59.2%	61.3%	60.8%
Operating margin	11.4%	4.8%	14.4%	14.4%	-121.6%	7.3%	20.3%	19.4%	20.0%	18.3%	21.3%	20.5%
Net margin	2.2%	2.6%	7.4%	6.4%	-114.6%	1.6%	9.4%	16.9%	12.4%	11.1%	12.2%	15.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$31.25M	$26.38M	$30.44M	$34.63M	$67.63M	$37.24M	$41.57M	$38.26M	$38.91M	$34.10M	$34.39M	$35.73M
Receivables	$101.86M	$96.10M	$152.83M	$97.99M	$83.54M	$78.10M	$146.00M	$82.56M	$80.52M	$75.69M	$134.89M	$76.21M
Total current assets	$929.90M	$577.20M	$1.08B	$655.80M	$976.59M	$627.60M	$1.16B	$638.84M	$930.09M	$642.22M	$1.12B	$630.10M
Goodwill	$1.05B	$1.05B	$1.05B	$1.06B	$1.05B	$1.05B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B	$1.06B
Total assets	$2.91B	$2.55B	$3.04B	$2.60B	$2.50B	$2.10B	$2.63B	$2.10B	$2.39B	$2.11B	$2.59B	$2.11B
Total current liabilities	$1.20B	$862.20M	$1.35B	$962.00M	$1.25B	$864.30M	$1.38B	$929.38M	$1.18B	$866.68M	$1.35B	$923.80M
Short-term debt	$19.26M	$19.30M	$23.79M	$23.83M	$23.88M	$23.35M	$22.57M	$22.61M	$22.66M	$23.16M	$22.59M	$22.65M
Long-term debt	$760.40M	$1.02B	$998.07M	$977.02M	$1.05B	$1.18B	$1.14B	$1.04B	$1.09B	$1.16B	$1.13B	$1.02B
Total debt	$779.66M	$1.04B	$1.02B	$1.00B	$1.07B	$1.21B	$1.16B	$1.06B	$1.11B	$1.19B	$1.15B	$1.04B
Total liabilities	$2.10B	$2.02B	$2.47B	$2.06B	$2.37B	$2.08B	$2.56B	$2.00B	$2.31B	$2.07B	$2.53B	$1.99B
Shareholders' equity	$809.90M	$534.03M	$577.48M	$544.77M	$126.84M	$17.48M	$72.74M	$108.19M	$85.05M	$34.55M	$67.03M	$119.48M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$3.35M	$65.30M	$53.10M	$103.99M	$73.58M	$1.39M	$66.94M	$139.21M	$58.01M	$51.46M	$91.05M	$141.73M
Capital expenditures	$442.00K	$1.00M	$5.10M	$1.14M	$208.00K	$688.00K	$623.00K	$3.49M	$2.96M	$1.67M	$2.45M	$3.20M
Free cash flow	-$3.79M	$64.30M	$48.00M	$102.85M	$73.38M	$700.00K	$66.32M	$135.72M	$55.05M	$49.79M	$88.61M	$138.53M
Investing cash flow	-$15.22M	-$15.20M	-$25.50M	-$15.62M	-$17.08M	-$25.89M	-$15.44M	-$15.97M	-$17.63M	-$14.47M	-$24.45M	-$15.71M
Financing cash flow	$353.78M	-$394.64M	$420.29M	-$460.77M	$295.77M	-$330.03M	$398.13M	-$576.17M	$260.67M	-$342.77M	$361.86M	-$542.84M
Share buybacks	$18.83M	$262.60M	$0	$62.81M	$92.63M	$100.03M	$3.17M	$30.13M	$83.81M	$82.10M	$29.53M	$18.30M
Stock-based compensation	$32.09M	$30.30M	$25.00M	$21.13M	$28.54M	$22.17M	$27.25M	$21.66M	$21.83M	$23.88M	$22.71M	$21.10M
Depreciation & amortization	$27.86M	$30.09M	$30.46M	$31.07M	$30.05M	$21.65M	$21.70M	$21.31M	$21.56M	$20.55M	$20.74M	$21.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.