# Blackbaud Inc: financial statements, quarterly

BLKB · Nasdaq · CIK 1280058 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/blkb.md) · [Financials](/companies/blkb/financials.md) · [Filings](/companies/blkb/filings.md) · [Insiders](/companies/blkb/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/blkb/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [278](/filings/0001280058-24-000065.md) | [297 d](/filings/0001280058-26-000006.md) | [279](/filings/0001280058-25-000050.md) | [287](/filings/0001280058-25-000050.md) | [287](/filings/0001280058-25-000050.md) | [302 d](/filings/0001280058-26-000006.md) | [270](/filings/0001280058-26-000016.md) | [282](/filings/0001280058-26-000025.md) | [281](/filings/0001280058-25-000050.md) | [295 d](/filings/0001280058-26-000006.md) | [281](/filings/0001280058-26-000016.md) | [291](/filings/0001280058-26-000025.md) |
| Cost of revenue | $m | [122](/filings/0001280058-24-000065.md) | [142 d](/filings/0001280058-26-000006.md) | [128](/filings/0001280058-25-000050.md) | [126](/filings/0001280058-25-000050.md) | [129](/filings/0001280058-25-000050.md) | [140 d](/filings/0001280058-26-000006.md) | [115](/filings/0001280058-26-000016.md) | [114](/filings/0001280058-26-000025.md) | [114](/filings/0001280058-25-000050.md) | [123 d](/filings/0001280058-26-000006.md) | [115](/filings/0001280058-26-000016.md) | [112](/filings/0001280058-26-000025.md) |
| Gross profit | $m | [156](/filings/0001280058-24-000065.md) | [155 d](/filings/0001280058-26-000006.md) | [151](/filings/0001280058-25-000050.md) | [161](/filings/0001280058-25-000050.md) | [157](/filings/0001280058-25-000050.md) | [163 d](/filings/0001280058-26-000006.md) | [155](/filings/0001280058-26-000016.md) | [168](/filings/0001280058-26-000025.md) | [167](/filings/0001280058-25-000050.md) | [172 d](/filings/0001280058-26-000006.md) | [167](/filings/0001280058-26-000016.md) | [178](/filings/0001280058-26-000025.md) |
| Research and development | $m | [38.0](/filings/0001280058-24-000065.md) | [32.8 d](/filings/0001280058-26-000006.md) | [40.7](/filings/0001280058-25-000050.md) | [37.4](/filings/0001280058-25-000050.md) | [37.9](/filings/0001280058-25-000050.md) | [37.6 d](/filings/0001280058-26-000006.md) | [33.6](/filings/0001280058-26-000016.md) | [33.6](/filings/0001280058-26-000025.md) | [37.2](/filings/0001280058-25-000050.md) | [33.8 d](/filings/0001280058-26-000006.md) | [36.9](/filings/0001280058-26-000016.md) | [34.9](/filings/0001280058-26-000025.md) |
| Operating income | $m | [22.0](/filings/0001280058-24-000065.md) | [34.0 d](/filings/0001280058-26-000006.md) | [13.3](/filings/0001280058-25-000050.md) | [41.4](/filings/0001280058-25-000050.md) | [41.1](/filings/0001280058-25-000050.md) | [(367) d](/filings/0001280058-26-000006.md) | [19.7](/filings/0001280058-26-000016.md) | [57.3](/filings/0001280058-26-000025.md) | [54.6](/filings/0001280058-25-000050.md) | [59.1 d](/filings/0001280058-26-000006.md) | [51.4](/filings/0001280058-26-000016.md) | [62.0](/filings/0001280058-26-000025.md) |
| Interest expense | $m | [9.6](/filings/0001280058-24-000065.md) | [8.5 d](/filings/0001280058-26-000006.md) | [10.3](/filings/0001280058-25-000026.md) | [15.7](/filings/0001280058-25-000042.md) | [14.1](/filings/0001280058-25-000050.md) | [15.5 d](/filings/0001280058-26-000006.md) | [16.9](/filings/0001280058-26-000016.md) | [18.4](/filings/0001280058-26-000025.md) | [16.8](/filings/0001280058-25-000050.md) | [15.8 d](/filings/0001280058-26-000006.md) | [16.0](/filings/0001280058-26-000016.md) | [17.6](/filings/0001280058-26-000025.md) |
| Income tax | $m | [9.1](/filings/0001280058-24-000065.md) | [21.3 d](/filings/0001280058-26-000006.md) | [(0.9)](/filings/0001280058-25-000050.md) | [7.8](/filings/0001280058-25-000050.md) | [11.7](/filings/0001280058-25-000050.md) | [(31.5) d](/filings/0001280058-26-000006.md) | [0.5](/filings/0001280058-26-000016.md) | [13.6](/filings/0001280058-26-000025.md) | [(6.4)](/filings/0001280058-25-000050.md) | [9.1 d](/filings/0001280058-26-000006.md) | [6.7](/filings/0001280058-26-000016.md) | [11.1](/filings/0001280058-26-000025.md) |
| Net income | $m | [9.0](/filings/0001280058-24-000065.md) | [6.6 d](/filings/0001280058-26-000006.md) | [7.3](/filings/0001280058-25-000050.md) | [21.2](/filings/0001280058-25-000050.md) | [18.3](/filings/0001280058-25-000050.md) | [(346) d](/filings/0001280058-26-000006.md) | [4.3](/filings/0001280058-26-000025.md) | [26.5](/filings/0001280058-26-000025.md) | [47.5](/filings/0001280058-25-000050.md) | [36.7 d](/filings/0001280058-26-000006.md) | [31.1](/filings/0001280058-26-000025.md) | [35.4](/filings/0001280058-26-000025.md) |
| Diluted EPS | $ per share | [0.17](/filings/0001280058-24-000065.md) | not reported | [0.14](/filings/0001280058-25-000050.md) | [0.41](/filings/0001280058-25-000050.md) | [0.35](/filings/0001280058-25-000050.md) | not reported | [0.09](/filings/0001280058-26-000016.md) | [0.55](/filings/0001280058-26-000025.md) | [0.98](/filings/0001280058-25-000050.md) | not reported | [0.67](/filings/0001280058-26-000016.md) | [0.79](/filings/0001280058-26-000025.md) |
| Basic EPS | $ per share | [0.17](/filings/0001280058-24-000065.md) | not reported | [0.14](/filings/0001280058-25-000050.md) | [0.42](/filings/0001280058-25-000050.md) | [0.36](/filings/0001280058-25-000050.md) | not reported | [0.09](/filings/0001280058-26-000016.md) | [0.55](/filings/0001280058-26-000025.md) | [1.00](/filings/0001280058-25-000050.md) | not reported | [0.68](/filings/0001280058-26-000016.md) | [0.79](/filings/0001280058-26-000025.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Gross profit: us-gaap:GrossProfit
- Research and development: us-gaap:ResearchAndDevelopmentExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [31.1](/filings/0001280058-23-000046.md) | [31.3](/filings/0001280058-25-000010.md) | [26.4](/filings/0001280058-24-000037.md) | [30.4](/filings/0001280058-24-000057.md) | [34.6](/filings/0001280058-24-000065.md) | [67.6](/filings/0001280058-26-000006.md) | [37.2](/filings/0001280058-25-000026.md) | [41.6](/filings/0001280058-25-000042.md) | [38.3](/filings/0001280058-25-000050.md) | [38.9](/filings/0001280058-26-000025.md) | [34.1](/filings/0001280058-26-000016.md) | [34.4](/filings/0001280058-26-000025.md) |
| Current assets | $m | [579](/filings/0001280058-23-000046.md) | [930](/filings/0001280058-25-000050.md) | [577](/filings/0001280058-25-000050.md) | [1,079](/filings/0001280058-25-000050.md) | [656](/filings/0001280058-25-000050.md) | [977](/filings/0001280058-26-000006.md) | [628](/filings/0001280058-25-000050.md) | [1,155](/filings/0001280058-25-000050.md) | [639](/filings/0001280058-25-000050.md) | [930](/filings/0001280058-26-000025.md) | [642](/filings/0001280058-26-000016.md) | [1,119](/filings/0001280058-26-000025.md) |
| Total assets | $m | [2,603](/filings/0001280058-23-000046.md) | [2,912](/filings/0001280058-25-000050.md) | [2,549](/filings/0001280058-25-000050.md) | [3,043](/filings/0001280058-25-000050.md) | [2,601](/filings/0001280058-25-000050.md) | [2,496](/filings/0001280058-26-000006.md) | [2,102](/filings/0001280058-25-000050.md) | [2,631](/filings/0001280058-25-000050.md) | [2,104](/filings/0001280058-25-000050.md) | [2,391](/filings/0001280058-26-000025.md) | [2,109](/filings/0001280058-26-000016.md) | [2,594](/filings/0001280058-26-000025.md) |
| Current liabilities | $m | [938](/filings/0001280058-23-000046.md) | [1,196](/filings/0001280058-25-000050.md) | [862](/filings/0001280058-25-000050.md) | [1,349](/filings/0001280058-25-000050.md) | [962](/filings/0001280058-25-000050.md) | [1,252](/filings/0001280058-26-000006.md) | [864](/filings/0001280058-25-000050.md) | [1,381](/filings/0001280058-25-000050.md) | [929](/filings/0001280058-25-000050.md) | [1,182](/filings/0001280058-26-000025.md) | [867](/filings/0001280058-26-000016.md) | [1,351](/filings/0001280058-26-000025.md) |
| Total liabilities | $m | [1,803](/filings/0001280058-23-000046.md) | [2,103](/filings/0001280058-25-000050.md) | [2,015](/filings/0001280058-25-000050.md) | [2,465](/filings/0001280058-25-000050.md) | [2,056](/filings/0001280058-25-000050.md) | [2,369](/filings/0001280058-26-000006.md) | [2,085](/filings/0001280058-25-000050.md) | [2,558](/filings/0001280058-25-000050.md) | [1,996](/filings/0001280058-25-000050.md) | [2,306](/filings/0001280058-26-000025.md) | [2,075](/filings/0001280058-26-000016.md) | [2,527](/filings/0001280058-26-000025.md) |
| Long-term debt | $m | [723](/filings/0001280058-23-000046.md) | [760](/filings/0001280058-25-000010.md) | [1,021](/filings/0001280058-24-000037.md) | [998](/filings/0001280058-24-000057.md) | [977](/filings/0001280058-24-000065.md) | [1,051](/filings/0001280058-26-000006.md) | [1,182](/filings/0001280058-25-000026.md) | [1,136](/filings/0001280058-25-000042.md) | [1,042](/filings/0001280058-25-000050.md) | [1,087](/filings/0001280058-26-000025.md) | [1,163](/filings/0001280058-26-000016.md) | [1,127](/filings/0001280058-26-000025.md) |
| Current portion of debt | $m | [19.2](/filings/0001280058-23-000046.md) | [19.3](/filings/0001280058-25-000010.md) | [19.3](/filings/0001280058-24-000037.md) | [23.8](/filings/0001280058-24-000057.md) | [23.8](/filings/0001280058-24-000065.md) | [23.9](/filings/0001280058-26-000006.md) | [23.4](/filings/0001280058-25-000026.md) | [22.6](/filings/0001280058-25-000042.md) | [22.6](/filings/0001280058-25-000050.md) | [22.7](/filings/0001280058-26-000025.md) | [23.2](/filings/0001280058-26-000016.md) | [22.6](/filings/0001280058-26-000025.md) |
| Shareholders' equity | $m | [800](/filings/0001280058-24-000065.md) | [810](/filings/0001280058-26-000006.md) | [534](/filings/0001280058-25-000050.md) | [577](/filings/0001280058-25-000050.md) | [545](/filings/0001280058-25-000050.md) | [127](/filings/0001280058-26-000025.md) | [17.5](/filings/0001280058-26-000025.md) | [72.7](/filings/0001280058-26-000025.md) | [108](/filings/0001280058-25-000050.md) | [85.1](/filings/0001280058-26-000025.md) | [34.6](/filings/0001280058-26-000025.md) | [67.0](/filings/0001280058-26-000025.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [128 d](/filings/0001280058-24-000065.md) | [(3.3) d](/filings/0001280058-26-000006.md) | [65.3](/filings/0001280058-25-000050.md) | [53.1 d](/filings/0001280058-25-000050.md) | [104 d](/filings/0001280058-25-000050.md) | [73.6 d](/filings/0001280058-26-000006.md) | [1.4](/filings/0001280058-26-000016.md) | [66.9 d](/filings/0001280058-26-000025.md) | [139 d](/filings/0001280058-25-000050.md) | [58.0 d](/filings/0001280058-26-000006.md) | [51.5](/filings/0001280058-26-000016.md) | [91.1 d](/filings/0001280058-26-000025.md) |
| Capital expenditure | $m | [1.5 d](/filings/0001280058-24-000065.md) | [0.4 d](/filings/0001280058-26-000006.md) | [1.0](/filings/0001280058-25-000050.md) | [5.1 d](/filings/0001280058-25-000050.md) | [1.1 d](/filings/0001280058-25-000050.md) | [0.2 d](/filings/0001280058-26-000006.md) | [0.7](/filings/0001280058-26-000016.md) | [0.6 d](/filings/0001280058-26-000025.md) | [3.5 d](/filings/0001280058-25-000050.md) | [3.0 d](/filings/0001280058-26-000006.md) | [1.7](/filings/0001280058-26-000016.md) | [2.4 d](/filings/0001280058-26-000025.md) |
| Dividends paid | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Share repurchases | $m | [0.0 d](/filings/0001280058-24-000065.md) | [18.8 d](/filings/0001280058-26-000006.md) | [263](/filings/0001280058-25-000026.md) | [0.0 d](/filings/0001280058-25-000042.md) | [62.8 d](/filings/0001280058-25-000050.md) | [92.6 d](/filings/0001280058-26-000006.md) | [100](/filings/0001280058-26-000016.md) | [3.2 d](/filings/0001280058-26-000025.md) | [30.1 d](/filings/0001280058-25-000050.md) | [83.8 d](/filings/0001280058-26-000006.md) | [82.1](/filings/0001280058-26-000016.md) | [29.5 d](/filings/0001280058-26-000025.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: not reported
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [51.7](/filings/0001280058-23-000046.md) | [52.1](/filings/0001280058-24-000037.md) | [53.6](/filings/0001280058-24-000057.md) | [54.1](/filings/0001280058-24-000065.md) | [53.4](/filings/0001280058-25-000026.md) | [51.7](/filings/0001280058-25-000042.md) | [51.6](/filings/0001280058-25-000050.md) | [49.4](/filings/0001280058-26-000016.md) | [48.2](/filings/0001280058-26-000025.md) | [48.5](/filings/0001280058-25-000050.md) | [46.4](/filings/0001280058-26-000016.md) | [44.9](/filings/0001280058-26-000025.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 45,390,097 at 2026-07-27, from the cover of the [10-Q filed 2026-07-29](/filings/0001280058-26-000025.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:36 ET. No prices; not investment advice.