Blackbaud, Inc.

Blackbaud, Inc.

BLKB
Blackbaud, Inc.US flagNASDAQ Global Select
30.41
USD
-2.33
- -
1.40BMarket Cap

Income Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
371
447
504
564
638
732
788
849
900
913
928
1,058
1,107
1,155
1,128
+ Sales & Services Revenue
371
447
504
564
638
732
788
849
900
913
928
1,058
1,107
1,155
1,128
- Cost of Revenue
157
202
233
273
305
339
362
382
418
428
443
505
508
523
465
+ Cost of Goods & Services
157
202
233
273
305
339
362
382
418
428
443
505
508
523
465
Gross Profit
214
245
271
291
333
392
427
467
482
485
485
553
599
631
663
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
161
225
216
245
287
324
358
403
449
448
459
581
553
497
473
+ Selling, General & Admin
112
158
148
166
200
231
264
299
338
345
333
421
402
340
332
+ Research & Development
48
65
66
77
85
90
90
99
106
100
125
157
147
154
138
+ Other Operating Expense
1
2
3
2
2
3
3
5
5
3
2
3
3
4
2
Operating Income (Loss)
53
20
55
46
47
68
69
64
33
37
25
-28
46
134
191
- Non-Operating (Income) Loss
1
6
10
7
10
11
11
19
22
16
18
27
27
446
59
+ Interest Expense, Net
- -
6
6
6
8
10
11
14
18
16
18
34
31
46
60
+ Interest Expense
- -
6
6
6
8
11
12
16
21
17
18
36
40
56
68
- Interest Income
- -
- -
- -
- -
- -
1
1
2
3
2
- -
2
9
10
8
+ Other Non-Op (Income) Loss
1
1
4
1
2
1
- -
5
5
- -
- -
-7
-4
401
-1
Pretax Income
51
13
45
39
37
57
58
45
11
22
7
-56
19
-312
132
- Income Tax Expense (Benefit)
18
7
15
11
11
12
-15
- -
-1
14
1
-10
16
-13
17
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
33
7
30
28
26
45
74
45
12
8
6
-45
3
-300
115
- Net Extraordinary Losses (Gains)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
33
7
30
28
26
45
74
45
12
8
6
-45
3
-300
115
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
33
7
30
28
26
45
74
45
12
8
6
-45
3
-300
115
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
33
7
30
28
26
45
74
45
12
8
6
-45
3
-300
115
EBIT
53
20
55
46
47
68
69
64
33
37
25
-28
46
134
191
EBITDA
70
52
98
92
103
139
143
144
119
130
108
74
156
256
277
EBITDA Margin (%)
18.8
11.63
19.49
16.26
16.1
18.96
18.13
16.92
13.18
14.26
11.6
6.98
14.08
22.14
24.55
EBITA
53
20
55
46
47
68
69
64
33
37
25
-28
46
134
191
Gross Margin (%)
57.61
54.75
53.82
51.55
52.25
53.64
54.1
55.02
53.53
53.13
52.23
52.24
54.11
54.69
58.78
Operating Margin (%)
14.22
4.43
10.92
8.21
7.32
9.32
8.75
7.54
3.66
4.1
2.71
-2.69
4.19
11.6
16.91
Profit Margin (%)
8.96
1.47
6.05
5.01
4.02
6.21
9.34
5.28
1.32
0.85
0.61
-4.29
0.27
-25.94
10.19
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.49
0.49
0.49
0.49
0.49
0.49
0.49
0.49
0.49
0.12
- -
- -
- -
- -
- -
Depreciation Expense
17
32
43
45
56
70
74
80
86
93
82
102
109
122
86
Basic Weighted Avg Shares
44
44
45
45
46
46
47
47
48
48
47
52
53
51
48
Basic EPS, GAAP
0.76
0.15
0.68
0.63
0.56
0.98
1.58
0.95
0.25
0.16
0.12
-0.88
0.06
-5.92
2.41
Basic EPS from Cont Ops
0.76
0.15
0.68
0.63
0.56
0.98
1.58
0.95
0.25
0.16
0.12
-0.88
0.06
-5.92
2.41
Diluted Weighted Avg Shares
44
45
45
46
46
47
48
48
48
49
48
52
54
51
48
Diluted EPS, GAAP
0.75
0.15
0.67
0.62
0.55
0.96
1.54
0.93
0.25
0.16
0.12
-0.88
0.06
-5.92
2.37
Diluted EPS from Cont Ops
0.75
0.15
0.67
0.62
0.55
0.96
1.54
0.93
0.25
0.16
0.12
-0.88
0.06
-5.92
2.37

Balance Sheet (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
188
214
230
288
399
508
799
598
735
819
851
919
930
977
930
+ Cash, Cash Equivalents & STI
53
13
12
15
15
17
30
31
32
36
55
32
31
68
39
+ Cash & Cash Equivalents
53
13
12
15
15
17
30
31
32
36
55
32
31
68
39
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
63
76
67
78
80
89
97
88
89
96
104
103
102
86
82
+ Accounts Receivable, Net
63
76
67
78
80
89
97
88
89
96
104
103
102
86
82
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
73
125
151
196
304
402
672
479
613
688
692
784
796
823
809
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
205
492
477
655
824
802
998
1,017
1,258
1,226
2,121
2,074
1,983
1,519
1,461
+ Property, Plant & Equip, Net
34
49
50
50
53
50
42
40
140
128
165
153
136
118
90
+ Property, Plant & Equip
64
89
102
117
135
146
146
148
244
198
224
217
209
184
140
- Accumulated Depreciation
30
40
52
67
82
96
104
108
104
70
59
63
74
66
50
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
170
443
427
606
772
752
956
977
1,118
1,098
1,955
1,921
1,847
1,401
1,371
+ Total Intangible Assets
135
433
408
588
751
729
899
912
1,053
1,025
1,878
1,826
1,796
1,334
1,319
+ Goodwill
90
265
265
349
436
438
530
545
634
636
1,059
1,050
1,054
1,053
1,057
+ Other Intangible Assets
45
168
143
239
314
291
369
367
419
389
819
776
742
281
262
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
35
10
19
18
21
23
57
65
65
73
77
94
51
67
52
Total Assets
393
706
707
943
1,223
1,310
1,798
1,615
1,993
2,045
2,972
2,993
2,912
2,496
2,391
+ Payables & Accruals
75
128
158
204
332
431
691
502
667
688
716
829
785
837
768
+ Accounts Payable
13
14
10
11
19
23
25
35
48
28
22
43
25
51
27
+ Accrued Taxes
3
8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
16
10
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
58
107
148
193
312
408
666
468
619
660
694
787
760
770
730
+ ST Debt
- -
10
17
4
4
4
9
8
8
13
19
19
19
28
24
+ ST Borrowings
- -
10
17
4
4
4
9
8
8
13
19
19
19
24
23
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
2
+ Other ST Liabilities
165
174
181
212
230
244
275
296
314
312
374
382
393
387
390
+ Deferred Revenue
157
174
181
212
230
244
275
296
314
312
374
382
393
368
379
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
19
11
Total Current Liabilities
240
312
357
421
566
680
975
806
989
1,013
1,110
1,231
1,197
1,252
1,182
+ LT Debt
- -
206
136
276
404
338
430
380
555
536
991
885
800
1,085
1,092
+ LT Borrowings
- -
206
136
276
404
338
430
380
460
518
937
840
760
1,051
1,087
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
96
17
53
45
40
34
5
+ Other LT Liabilities
13
41
53
60
43
45
57
56
52
70
154
133
106
32
32
+ Accrued Liabilities
10
36
46
53
35
36
52
47
46
59
153
129
96
27
25
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
3
5
7
7
8
9
6
9
6
11
1
4
10
5
7
Total Noncurrent Liabilities
13
246
188
336
446
383
487
436
607
605
1,145
1,018
906
1,117
1,124
Total Liabilities
253
558
545
757
1,013
1,063
1,462
1,242
1,596
1,619
2,255
2,249
2,104
2,369
2,306
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
175
204
221
246
276
311
351
399
458
545
969
1,075
1,203
1,292
1,392
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
175
204
221
246
276
310
351
399
458
545
969
1,075
1,203
1,291
1,392
- Treasury Stock
166
171
183
190
200
215
239
267
291
353
501
537
592
1,060
1,316
+ Retained Earnings
132
117
125
132
135
153
225
246
235
237
242
197
199
-99
16
+ Other Equity
-1
-2
-1
-1
-1
- -
-1
-5
-5
-2
7
9
-2
-5
-6
Equity Before Minority Interest
140
148
162
186
211
248
336
374
397
426
717
744
809
127
85
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
140
148
162
186
211
248
336
374
397
426
717
744
809
127
85
Total Liabilities & Equity
393
706
707
943
1,223
1,310
1,798
1,615
1,993
2,045
2,972
2,993
2,912
2,496
2,391
Shares Outstanding
45
46
46
46
47
48
48
49
49
49
52
53
54
49
47
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
96
17
53
45
40
39
6
Net Debt
-53
202
141
266
393
325
408
356
435
495
901
827
748
1,007
1,071
Net Debt to Equity
-37.51
136.78
87.29
142.99
186.49
131.49
121.44
95.31
109.71
116.22
125.66
111.2
92.54
794.2
1,258.94
Tangible Common Equity Ratio
2.02
-104.68
-82.56
-113.05
-114.26
-82.99
-62.6
-76.51
-69.87
-58.76
-106.17
-92.81
-88.42
-103.83
-115.2
Current Ratio
0.78
0.69
0.64
0.68
0.7
0.75
0.82
0.74
0.74
0.81
0.77
0.75
0.78
0.78
0.79
Cash Conversion Cycle
33.16
32.01
32.96
32.25
26.72
19.29
18.9
11.59
0.17
4.8
18.68
12.32
9.5
3.16
-3.6

Cash Flow Statement (USD)

APIChat
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
33
7
30
28
26
45
74
45
12
8
6
-45
3
-300
115
+ Depreciation & Amortization
17
32
43
45
56
70
74
80
86
93
82
102
109
122
86
+ Non-Cash Items
34
37
38
30
38
42
36
53
69
113
141
98
115
452
94
+ Stock-Based Compensation
15
19
17
17
25
33
41
48
59
87
120
110
128
105
93
+ Deferred Income Taxes
14
8
14
3
3
5
-18
-1
-4
9
-2
-27
-24
-70
- -
+ Asset Impairment Charge
2
- -
- -
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
390
- -
+ Other Non-Cash Adj
3
10
7
8
10
4
13
6
14
17
24
14
11
27
2
+ Chg in Non-Cash Work Cap
2
-7
-4
13
9
-4
-7
24
15
-66
-16
49
-28
21
-30
+ (Inc) Dec in Accts Receiv
-9
-9
3
-6
-8
-13
-16
2
-7
-18
-7
-7
-3
5
-1
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
-3
-9
3
-8
-11
-8
-10
-5
6
23
-2
26
17
3
-4
+ Inc (Dec) in Accts Payable
24
26
23
44
15
3
-4
7
3
-69
-18
19
-48
15
-34
+ Inc (Dec) in Other
-10
-15
-33
-16
13
14
22
19
12
- -
11
11
7
-2
10
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
86
69
107
117
129
154
176
201
182
148
214
204
200
296
266
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-19
-21
-20
-14
-19
-18
-10
-15
-11
-30
-12
-12
-5
-7
-8
+ Acq of Fixed Prod Assets
-18
-21
-20
-14
-19
-18
-10
-15
-11
-30
-12
-12
-5
-7
-8
+ Acq of Intangible Assets
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
-41
-108
- -
-19
-418
-217
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
-41
-108
- -
-19
-418
-217
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
-23
-281
-1
-189
-107
-3
-147
-45
-109
- -
-419
-14
- -
-1
-13
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6
- -
- -
- -
+ Cash for Acq of Subs
-23
-281
-1
-189
-107
-3
-147
-45
-109
- -
-419
-21
- -
-1
-13
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
1
-1
-3
-9
-15
-26
-28
-38
-46
-42
-40
-59
-60
-65
-54
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-42
-302
-24
-211
-141
-47
-185
-98
-167
-72
-471
-86
-64
-73
-75
+ Dividends Paid
-21
-22
-22
-22
-23
-23
-23
-23
-24
-6
- -
- -
- -
- -
- -
+ Net Cash From Debt
- -
216
-63
130
128
-66
95
-52
80
1
429
-100
-81
297
35
+ Cash From Debt
- -
315
103
365
312
227
774
271
424
748
582
211
293
1,441
404
+ Repayments of Debt
- -
-100
-166
-236
-184
-294
-679
-322
-344
-748
-153
-311
-375
-1,145
-370
+ Other Financing Activities
2
1
- -
-10
24
81
206
-217
55
35
-57
74
-43
-18
-65
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-19
195
-84
97
130
-9
279
-292
111
-11
264
-26
-143
-139
-247
Effect of Foreign Exchange Rates
- -
- -
- -
- -
-3
3
-1
-2
1
2
- -
-10
2
-2
6
Net Changes in Cash
25
-39
-1
3
118
98
270
-188
126
65
6
93
-8
83
-57
EBITDA
70
52
98
92
103
139
143
144
119
130
108
74
156
256
277
EBITDA Margin (%)
18.8
11.63
19.49
16.26
16.1
18.96
18.13
16.92
13.18
14.26
11.6
6.98
14.08
22.14
24.55
Free Cash Flow
66
48
87
103
111
136
166
187
171
118
202
192
195
289
258
Net Cash Paid for Acquisitions
23
281
1
189
107
3
147
45
109
- -
419
14
- -
1
13
Free Cash Flow to Firm
66
51
91
107
116
144
- -
- -
- -
124
216
- -
201
- -
317
Free Cash Flow to Equity
67
264
25
232
238
70
261
135
250
119
631
92
114
585
292
Free Cash Flow per Basic Share
1.52
1.09
1.95
2.28
2.42
2.95
3.56
3.95
3.58
2.45
4.26
3.72
3.71
5.71
5.41
Price/Free Cash Flow
11.67
11.43
13.43
15.15
20.71
17.68
24.21
13.98
19.83
15.78
16.91
14.04
22.8
12.32
11.23
Cash Flow to Net Income
2.57
10.43
3.52
4.13
5.04
3.38
2.39
4.49
15.32
19.17
37.5
-4.49
66.15
-0.99
2.31
Capital Expenditures
-19
-21
-20
-14
-19
-18
-10
-15
-11
-30
-12
-12
-5
-7
-8