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Nasdaq · Technology

BLACKBAUD INC (BLKB)

As-reported financials and SEC filings for BLACKBAUD INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BLACKBAUD INC

Blackbaud Inc provides AI-powered cloud software and services designed for social impact organizations, including nonprofits, educational institutions, healthcare organizations, and companies focused on corporate social responsibility. Its main products support fundraising, engagement, education, financial management, and grantmaking, helping these organizations manage donations, relationships, and compliance. Blackbaud also offers transaction processing services such as donation processing, peer-to-peer giving, tuition management for private schools, and event-related transactions.

Snapshot

Revenue
$1.13B
Revenue growth (YoY)
-2.3%
Net income
$115.0M
Diluted EPS
$2.37
Gross margin
58.8%
Operating margin
16.9%
Net margin
10.2%
FCF margin
22.8%
ROE
135.2%
net income / fiscal-year-end equity
P/E
15.2×
trailing when available, otherwise FY EPS
Market cap
$2.20B
Long-term debt / equity
12.78×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Blackbaud

  • Revenue fell 2.3% to $1.1B in FY2025, slower than the 4.3% the year before.
  • Operating margin is 16.9% in FY2025, +14.2 pp against 2.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $291M, up 3.0% from Q2 FY2025.
  • Free cash flow was $258M in FY2025, 22.8% of revenue.
  • Net income turned positive at $115M in FY2025, from a $300M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Blackbaud’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin58.8%
37th percentile of 264
Operating margin16.9%
80th percentile of 303
Net margin10.2%
70th percentile of 307
FCF margin22.8%
71st percentile of 285
Revenue growth (YoY)-2.3%
18th percentile of 325
ROE135.2%
98th percentile of 285
P/E15.2×
25th percentile of 169
Long-term debt / equity12.78×
96th percentile of 127
Short interest6.42d
83rd percentile of 330

Blackbaud’s return on equity of 135.2% ranks in the 98th percentile of the 285 software companies reporting it. Blackbaud’s long-term debt to equity of 12.78 ranks in the 96th percentile of the 127 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $1.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$40.8M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$19.3M652.2KAdded
Point72 Asset ManagementquantQ2 2026$6.7M224.9KAdded
AQR Capital ManagementquantQ2 2026$5.4M185.2KReduced
Millennium ManagementquantQ2 2026$4.9M166.9KAdded
Gotham Asset ManagementQ2 2026$1.9M65.6KAdded
Citadel AdvisorsquantQ2 2026$1.4M46.4KReduced
D. E. ShawquantQ2 2026$694,23423.4KReduced
Renaissance TechnologiesquantQ2 2026$414,59114.0KReduced

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$1.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-25
filed 2026-08-27
Gianoni Michael PPresident and CEOSell17.0K$47.35$805K
2026-08-06
filed 2026-08-07
Gregoire Kevin P.EVP, Chief Operating OfficerSell16.2K$45.43$735K
2026-08-06
filed 2026-08-07
Gregoire Kevin P.EVP, Chief Operating OfficerSell5.8K$45.72$266K
2026-06-01
filed 2026-06-03
Anderson ChadExecutive VP and CFOSell6.2K$31.31$194K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.6M
settled 2026-08-14
Change vs prior
-14.0%
vs previous settlement
Days to cover
6.42
at avg daily volume
Avg daily volume
559.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.6M-14.0%6.42
2026-07-314.2M-13.6%4.86
2026-07-154.8M-6.9%8.61
2026-06-305.2M+24.1%3.61
2026-06-154.2M+6.3%5.96
2026-05-293.9M+8.4%5.24
2026-05-153.6M+19.8%5.84
2026-04-303.0M+21.4%5.16

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.13B$1.15B$1.11B$1.06B$927.7M
Gross profit$663.3M$631.4M$599.1M$552.7M$484.5M
Operating income$190.8M$-271.4M$46.4M$-28.5M$24.9M
Net income$115.0M$-299.5M$3.0M$-45.4M$5.7M
Diluted EPS$2.37$-5.92$0.06$-0.88$0.12

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$265.6M$296.0M$199.6M$203.9M$213.7M
Capital expenditure$7.8M$7.4M$4.7M$12.3M$11.7M
Free cash flow$257.8M$288.5M$194.9M$191.6M$202.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$290.6M3.0%$35.4M$0.79
Q1 FY2026$281.1M4.2%$31.1M$0.67
Q4 FY2025$295.3M-2.3%$36.7M$0.76
Q3 FY2025$281.1M-1.9%$47.5M$0.98
Q2 FY2025$282.0M-1.8%$26.5M$0.55
Q1 FY2025$269.9M-3.1%$4.3M$0.09
Q4 FY2024$302.1M1.8%$-346.4M$-7.53
Q3 FY2024$286.6M3.2%$18.3M$0.35

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1280058

Selected SEC filings

10-K2026-02-18
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-06-11
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.