BLKB · XBRL financial data
Blackbaud financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BLKB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 913 | 928 | 1,058 | 1,105 | 1,155 | 1,128 |
| Cost of goods and services sold | 428 | 443 | 505 | 502 | 516 | 465 |
| Gross profit | 485 | 485 | 553 | 603 | 639 | 663 |
| Research and development | 100 | 125 | 157 | 153 | 161 | 138 |
| General and administrative | 135 | 146 | 200 | 190 | 143 | 155 |
| Total operating expenses | 448 | 460 | 581 | 559 | 910 | 473 |
| Operating income (loss) | 37 | 25 | (28) | 45 | (271) | 191 |
| Interest income | 2 | 0 | 2 | 9 | 10 | 8 |
| Interest expense | 17 | 18 | 36 | 40 | 56 | 68 |
| Other income (expense) | (0) | (0) | 2 | 4 | 4 | 4 |
| Income tax expense (benefit) | 14 | 1 | (10) | 16 | (28) | 17 |
| Net income (loss) | 8 | 6 | (45) | 2 | (283) | 115 |
| Earnings per share, basic USD per share | 0.16 | 0.12 | (0.88) | 0.03 | (5.60) | 2.41 |
| Earnings per share, diluted USD per share | 0.16 | 0.12 | (0.88) | 0.03 | (5.60) | 2.37 |
| Weighted average shares, basic millions of shares | 48 | 47 | 52 | 53 | 51 | 48 |
| Weighted average shares, diluted millions of shares | 49 | 48 | 52 | 54 | 51 | 48 |
Balance sheet
CSVFiscal years (BLKB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 36 | 55 | 32 | 31 | 68 | 39 |
| Accounts receivable | 95 | 103 | 103 | 102 | 84 | 81 |
| Prepaid and other current assets | 78 | 96 | 82 | 99 | 81 | 89 |
| Total current assets | 819 | 851 | 919 | 930 | 976 | 930 |
| Property and equipment, net | 105 | 111 | 107 | 99 | 92 | 85 |
| Right-of-use asset | 23 | 54 | 46 | 37 | 27 | 5 |
| Goodwill | 636 | 1,059 | 1,050 | 1,054 | 1,053 | 1,057 |
| Total assets | 2,045 | 2,972 | 2,993 | 2,912 | 2,496 | 2,391 |
| Current portion of long-term debt | 13 | 19 | 19 | 19 | 24 | 23 |
| Total current liabilities | 1,013 | 1,110 | 1,231 | 1,197 | 1,252 | 1,182 |
| Long-term debt | 518 | 937 | 840 | 760 | 1,051 | 1,087 |
| Lease liability, non-current | 17 | 53 | 45 | 40 | 34 | 5 |
| Total liabilities | 1,619 | 2,255 | 2,249 | 2,104 | 2,354 | 2,306 |
| Retained earnings (accumulated deficit) | 237 | 242 | 197 | 199 | (84) | 16 |
| Total stockholders' equity | 426 | 717 | 744 | 809 | 142 | 85 |
| Total liabilities and equity | 2,045 | 2,972 | 2,993 | 2,912 | 2,496 | 2,391 |
| Common shares outstanding (cover page) millions of shares | 48 | 52 | 53 | 53 | 49 | 46 |
Cash flows
CSVFiscal years (BLKB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 8 | 6 | (45) | 2 | (283) | 115 |
| Stock-based compensation | 87 | 120 | 110 | 128 | 105 | 93 |
| Net cash from operating activities | 148 | 214 | 204 | 200 | 296 | 266 |
| Purchases of property and equipment | 30 | 12 | 12 | 5 | 7 | 8 |
| Net cash from investing activities | (72) | (471) | (86) | (64) | (73) | (75) |
| Share repurchases | 41 | 108 | 0 | 19 | 418 | 217 |
| Dividends paid | 6 | 0 | 0 | — | — | — |
| Net cash from financing activities | (11) | 264 | (26) | (143) | (139) | (247) |
| Net change in cash | 68 | 7 | 82 | (6) | 81 | (51) |
Compare with peers
SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Blackbaud | 36 | 293 | 142* | 45.0M | — | 10-QSep 30, 2026 |
| RUM Group | 203 | 40 | (50)* | not reported | 4.1 quarters | 10-QJun 30, 2026 |
| CarGurus | 122 | 251 | 95* | not reported | — | 10-QJun 30, 2026 |
| DigitalOcean Holdings | 666 | 321 | 161* | 118.0M | — | 10-QSep 30, 2026 |
| Upwork | 228 | 186 | 66* | 125.8M | — | 10-QSep 30, 2026 |
| Netscout Systems | 553 | 210 | 51 | 72.7M | — | 10-QJun 30, 2026 |
| Alarm.com Holdings | 479 | 278 | 42* | 49.1M | — | 10-QJun 30, 2026 |
| Innodata | 240 | 92 | 127* | 34.4M | — | 10-QJun 30, 2026 |
| TripAdvisor | 843 | 442 | 144* | 117.2M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.