Blackbaud Inc (BLKB) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Blackbaud reported revenue of $1.13B, down 2.3% from $1.16B the year before. Net income was $115.0M (a 10.2% net margin), or $2.37 per diluted share. Gross margin was 58.8% and operating margin was 16.9%. Operating activities generated $265.6M of cash, leaving $257.8M of free cash flow. At fiscal year end, Blackbaud held $2.39B in total assets against $2.31B in total liabilities, including $38.9M of cash and equivalents.
Open the full interactive Blackbaud financials → Quarterly statements, key ratios, valuation history and price charts.
Blackbaud Key Stats
| Share Price | $48.06 |
|---|---|
| Market Cap | $2.16B |
| P/E Ratio | 20.3 |
| Revenue YoY Growth | -2.4% |
| 52-Week Range | $26.54 – $67.95 |
| Shares Outstanding | 44.8 million (basic, 2026 Q2) |
Blackbaud Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $913.2M | $927.7M | $1.06B | $1.11B | $1.16B | $1.13B |
| Cost of Goods Sold | $428.1M | $443.2M | $505.4M | $502.2M | $516.3M | $465.1M |
| Gross Profit | $485.2M | $484.5M | $552.7M | $603.2M | $639.2M | $663.3M |
| Operating Income | $37.2M | $24.9M | -$28.5M | $44.7M | -$270.5M | $190.8M |
| Pre-Tax Income | $21.6M | $7.1M | -$55.6M | $17.6M | -$311.6M | $131.8M |
| Income Tax | $13.9M | $1.4M | -$10.2M | $15.8M | -$28.4M | $16.8M |
| Net Income | $7.7M | $5.7M | -$45.4M | $1.8M | -$283.2M | $115.0M |
| Diluted EPS | $0.16 | $0.12 | -$0.88 | $0.03 | -$5.60 | $2.37 |
Blackbaud Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $281.1M | $295.2M | $281.1M | $290.6M |
| Net Income | $47.5M | $36.6M | $31.1M | $35.4M |
| Diluted EPS | $0.98 | $0.76 | $0.67 | $0.79 |
Blackbaud Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $35.8M | $55.1M | $31.7M | $31.3M | $67.6M | $38.9M |
| Current Assets | $819.1M | $851.0M | $918.6M | $929.8M | $976.3M | $930.1M |
| Total Assets | $2.04B | $2.97B | $2.99B | $2.91B | $2.50B | $2.39B |
| Current Liabilities | $1.01B | $1.11B | $1.23B | $1.20B | $1.25B | $1.18B |
| Total Long-Term Debt | $531.0M | $956.2M | $859.0M | $779.7M | $1.07B | $1.11B |
| Total Liabilities | $1.62B | $2.25B | $2.25B | $2.10B | $2.35B | $2.31B |
| Shareholders' Equity | $426.1M | $717.1M | $744.0M | $808.7M | $142.0M | $85.1M |
Blackbaud Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $148.0M | $213.7M | $203.9M | $199.6M | $296.0M | $265.6M |
| Cash From Investing | -$71.8M | -$471.3M | -$85.5M | -$64.4M | -$73.4M | -$74.9M |
| Cash From Financing | -$10.7M | $264.1M | -$25.7M | -$143.0M | -$139.4M | -$247.4M |
| Free Cash Flow | $118.3M | $202.0M | $191.6M | $194.9M | $288.5M | $257.8M |
| Dividends Paid | $6.0M | $0 | $0 | — | — | — |
Figures from Blackbaud's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Blackbaud financials page for every line item.
Blackbaud Company Profile
| Ticker | BLKB |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Charleston, South Carolina |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001280058 |
Frequently Asked Questions
What was Blackbaud's revenue in fiscal 2025?
Blackbaud (BLKB) reported revenue of $1.13B for fiscal 2025.
What is Blackbaud's annual revenue history?
Blackbaud's annual revenue by fiscal year: 2020: $913.2M; 2021: $927.7M; 2022: $1.06B; 2023: $1.11B; 2024: $1.16B; 2025: $1.13B.
What was Blackbaud's net income in fiscal 2025?
Blackbaud reported net income of $115.0M for fiscal 2025.
What was Blackbaud's earnings per share (EPS) in fiscal 2025?
Blackbaud's diluted EPS was $2.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Blackbaud generate in fiscal 2025?
Blackbaud generated $257.8M of free cash flow in fiscal 2025.
What was Blackbaud's revenue last quarter?
In its most recent reported quarter (2026 Q2), Blackbaud reported revenue of $290.6M.
How much debt does Blackbaud have?
Blackbaud reported $1.11B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Blackbaud are outstanding?
Blackbaud reported a weighted average of 44.8 million basic shares outstanding in 2026 Q2.
What is Blackbaud's market cap?
Based on its latest closing price, Blackbaud (BLKB) has a market capitalization of about $2.16B.
When does Blackbaud's fiscal year end?
Blackbaud's fiscal year end, as registered with the SEC, is December 31.
Where is Blackbaud headquartered?
Blackbaud lists its business address in Charleston, South Carolina in its SEC filings.