BLACKBAUD INC BLKB

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

We are the world's leading provider of AI-powered solutions for social impact. Serving nonprofits, educational institutions, companies committed to corporate social responsibility and individual change makers, we propel impact at scale with the sector's most intelligent solutions for fundraising and engagement, education solutions, financial management and CSR and grantmaking. With the deepest expertise powered by the world's largest philanthropic data set, the most connected workflows, and the most powerful impact network, our solutions are building a future where resources are unleashed at the speed of need. Blackbaud brings over four decades of leadership to this sector: since originally incorporating in New York in 1982 and later reincorporating as a South Carolina corporation in 1991 and as a Delaware corporation in 2004. We are deeply proud to play a part in our customers' success in their missions to provide healthcare and cure diseases, advance education, preserve and share arts and culture, protect the environment, support those in need and much more.

Last close 55.54 2026-10-23
Market cap $2.52B 2026-06-30 share count
52-week range 25.58 - 70.71

Valuation FY2025 figures against the last close

P/S2.2x
P/E23.4x
P/FCF9.8x
EV/EBITDA17.9x
Dividend yield—
Diluted EPS2.37

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Other countries
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 953M (84.5%) 84% United States United Kingdom, FY2025: 108.8M (9.6%) 10% Other countries, FY2025: 66.6M (5.9%) 6% FY2024 United States, FY2024: 987.7M (85.5%) 86% United Kingdom, FY2024: 104M (9.0%) 9% Other countries, FY2024: 62.9M (5.5%) 5% FY2023 United States, FY2023: 947.2M (85.6%) 86% United Kingdom, FY2023: 100.8M (9.1%) 9% Other countries, FY2023: 59M (5.3%) 5%
Region FY2025FY2024FY2023
United States $953.0M $987.7M $947.2M
United Kingdom $108.8M $104.0M $100.8M
Other countries $66.6M $62.9M $59.0M

As the company reported it, from the “Revenue Recognition (Revenue by Geography) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.13B$1.15B$1.11B$1.06B$927.7M$913.2M$900.4M$848.6M$788.5M$731.6M
Cost of revenue $465.1M$523.2M$508.0M$505.4M$443.2M$428.1M$418.4M$381.7M$361.9M$339.2M
Gross profit $663.3M$631.4M$599.1M$552.7M$484.5M$485.2M$482.0M$466.9M$426.6M$392.4M
R&D $138.1M$153.7M$147.5M$156.9M$124.6M$100.1M$106.2M$98.8M$89.9M$89.9M
SG&A $154.6M$142.7M$189.9M$199.9M$146.3M$134.9M$113.4M$106.4M$94.9M$81.3M
Total operating expenses $472.5M$902.8M$552.7M$581.2M$459.6M$447.9M$454.9M$407.4M$358.4M$324.2M
Operating income $190.8M-$271.4M$46.4M-$28.5M$24.9M$37.2M$27.1M$59.4M$68.2M$68.2M
Interest expense $68.0M$55.6M$39.9M$35.8M$18.0M$17.3M$20.6M$15.9M$12.1M$10.6M
Pre-tax income $131.8M-$312.5M$19.3M-$55.6M$7.1M$21.6M$10.6M$44.6M$58.3M$57.4M
Income tax $16.8M$12.9M$16.3M$10.2M$1.4M$13.9M$1.3M$219.0K$15.3M$11.9M
Net income $115.0M-$283.2M$1.8M-$45.4M$5.7M$7.7M$11.9M$44.8M$73.6M$45.4M
EPS, basic 2.41-5.920.06-0.880.120.160.250.951.580.98
EPS, diluted 2.37-5.920.06-0.880.120.160.250.931.540.96
Shares, diluted (wtd. avg.) 48.5M50.6M53.7M51.6M48.2M48.7M48.3M48.0M47.8M47.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $38.9M$67.6M$31.3M$31.7M$55.1M$35.8M$31.8M$30.9M——
Receivables $80.5M$83.5M$101.9M$102.8M$102.7M$95.4M$88.9M$86.6M——
Total current assets $930.1M$976.6M$929.8M$918.6M$851.0M$819.1M$734.5M$598.0M——
Property, plant and equipment $85.1M$91.9M$98.7M$107.4M$111.4M$105.2M$35.5M$40.0M——
Goodwill $1.06B$1.05B$1.05B$1.05B$1.06B$635.9M$634.1M$545.2M——
Other intangibles $106.7M$132.9M$581.9M$635.1M$698.1M$277.5M$317.9M$291.6M——
Total assets $2.39B$2.50B$2.91B$2.99B$2.97B$2.04B$1.99B$1.62B——
Short-term debt $22.7M$23.9M$19.3M$18.8M$18.7M$12.8M$7.5M$7.5M——
Total current liabilities $1.18B$1.25B$1.20B$1.23B$1.11B$1.01B$988.8M$805.7M——
Long-term debt $1.09B$1.05B$760.4M$840.2M$937.5M$518.2M$459.6M$379.6M——
Total liabilities $2.31B$2.37B$2.10B$2.25B$2.25B$1.62B$1.60B$1.24B——
Retained earnings $15.5M-$99.5M$198.9M$197.0M$242.5M$236.7M$234.9M$246.5M——
Total equity $85.1M$126.8M$809.9M$744.0M$717.1M$426.1M$396.8M$373.8M$336.3M$269.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $265.6M$296.0M$199.6M$203.9M$213.7M$148.0M$182.5M$201.4M$176.3M$153.6M
Depreciation and amortisation $10.1M$12.8M$13.0M$14.1M$14.4M$19.2M$15.0M$15.9M$17.8M$19.8M
Stock-based compensation $92.9M$105.0M$127.8M$110.3M$120.4M$87.3M$58.6M$48.3M$40.6M$32.6M
Capital expenditure $7.8M$7.4M$4.7M$12.3M$11.7M$29.7M$11.5M$14.7M$10.2M$17.7M
Investing cash flow -$74.9M-$73.4M-$64.4M-$85.5M-$471.3M-$71.8M-$167.2M-$97.8M-$184.9M-$47.4M
Financing cash flow -$247.4M-$139.4M-$143.0M-$25.7M$264.1M-$10.7M$111.2M-$291.9M$278.6M-$8.5M
Dividends paid ———$0$0$6.0M$23.6M$23.3M$23.1M$22.8M
Buybacks $217.2M$418.0M$18.8M$0$108.4M$41.0M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001280058-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 731.6M Gross profit, FY2016: 392.4M Net income, FY2016: 45.4M Revenue, FY2017: 788.5M Gross profit, FY2017: 426.6M Net income, FY2017: 73.6M Revenue, FY2018: 848.6M Gross profit, FY2018: 466.9M Net income, FY2018: 44.8M Revenue, FY2019: 900.4M Gross profit, FY2019: 482M Net income, FY2019: 11.9M Revenue, FY2020: 913.2M Gross profit, FY2020: 485.2M Net income, FY2020: 7.7M Revenue, FY2021: 927.7M Gross profit, FY2021: 484.5M Net income, FY2021: 5.7M Revenue, FY2022: 1.1B Gross profit, FY2022: 552.7M Net income, FY2022: -45.4M Revenue, FY2023: 1.1B Gross profit, FY2023: 599.1M Net income, FY2023: 1.8M Revenue, FY2024: 1.2B Gross profit, FY2024: 631.4M Net income, FY2024: -283.2M Revenue, FY2025: 1.1B Gross profit, FY2025: 663.3M Net income, FY2025: 115M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $731.6M $788.5M $848.6M $900.4M $913.2M $927.7M $1.06B $1.11B $1.15B $1.13B
Gross profit $392.4M $426.6M $466.9M $482.0M $485.2M $484.5M $552.7M $599.1M $631.4M $663.3M
Net income $45.4M $73.6M $44.8M $11.9M $7.7M $5.7M -$45.4M $1.8M -$283.2M $115.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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