Blackbaud (BLKB) Financials

$62.12 -1.64 (-2.57%)

Closing price 04:00 PM Eastern

Extended Trading

$62.12 +0.01 (+0.01%)

As of 04:07 PM Eastern

Annual Income Statements for Blackbaud

This table shows Blackbaud's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-283	1.82	-45	5.70	7.72	12	45	74	45	26
Consolidated Net Income / (Loss)	-283	1.82	-45	5.70	7.72	12	45	74	45	26
Net Income / (Loss) Continuing Operations	-283	1.82	-45	5.70	7.72	12	45	74	45	26
Total Pre-Tax Income	-312	18	-56	7.08	22	11	45	58	57	37
Total Operating Income	-271	45	-28	25	37	27	59	68	68	47
Total Gross Profit	639	603	553	485	485	482	467	427	392	333
Total Revenue	1,155	1,105	1,058	928	913	900	849	788	732	638
Operating Revenue	1,155	1,105	1,058	928	913	900	849	788	732	638
Total Cost of Revenue	516	502	505	443	428	418	382	362	339	305
Operating Cost of Revenue	516	502	505	443	428	418	382	362	339	305
Total Operating Expenses	910	559	581	460	448	455	407	358	324	287
Selling, General & Admin Expense	143	190	200	146	135	113	106	95	81	76
Marketing Expense	197	212	221	186	210	224	193	170	150	124
Research & Development Expense	161	153	157	125	100	106	99	90	90	85
Amortization Expense	3.54	3.14	2.93	2.23	2.92	5.32	4.84	3.27	2.84	2.23
Other Operating Expenses / (Income)	405	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-41	-27	-27	-18	-16	-17	-15	-9.84	-11	-9.76
Interest Expense	56	40	36	18	17	21	16	12	11	8.07
Other Income / (Expense), net	15	13	8.71	0.18	1.66	4.06	1.10	2.26	-0.29	-1.69
Income Tax Expense	-28	16	-10	1.39	14	-1.32	-0.22	-15	12	11
Basic Earnings per Share	($5.60)	$0.03	($0.88)	$0.12	$0.16	$0.25	$0.95	$1.58	$0.98	$0.56
Weighted Average Basic Shares Outstanding	50.56M	52.55M	51.57M	47.41M	48.18M	47.70M	47.21M	46.67M	46.13M	45.62M
Diluted Earnings per Share	($5.60)	$0.03	($0.88)	$0.12	$0.16	$0.25	$0.93	$1.54	$0.96	$0.55
Weighted Average Diluted Shares Outstanding	50.56M	53.72M	51.57M	48.23M	48.70M	48.31M	48.05M	47.78M	47.32M	46.50M
Weighted Average Basic & Diluted Shares Outstanding	49.24M	53.48M	53.22M	51.97M	48.38M	49.14M	47.20M	46.60M	46.10M	45.80M

This table shows Blackbaud's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4.87	-331	21	22	5.25	5.40	9.02	2.11	-15	-21	-10
Consolidated Net Income / (Loss)	4.87	-331	21	22	5.25	5.40	9.02	2.11	-15	-21	-10
Net Income / (Loss) Continuing Operations	4.87	-331	21	22	5.25	5.40	9.02	2.11	-15	-21	-10
Total Pre-Tax Income	5.59	-378	33	30	3.79	26	18	-8.10	-19	-25	-12
Total Operating Income	20	-367	44	42	11	32	22	0.29	-9.95	-16	-7.01
Total Gross Profit	156	164	159	163	153	159	156	150	139	139	140
Total Revenue	271	302	287	287	279	295	278	271	262	275	261
Operating Revenue	271	302	287	287	279	295	278	271	262	275	261
Total Cost of Revenue	115	138	128	125	126	136	122	121	123	135	121
Operating Cost of Revenue	115	138	128	125	126	136	122	121	123	135	121
Total Operating Expenses	135	532	115	120	142	127	134	149	149	155	147
Selling, General & Admin Expense	57	36	26	33	48	35	43	59	53	59	50
Marketing Expense	45	50	49	47	51	52	52	53	54	57	56
Research & Development Expense	34	39	39	39	43	39	38	36	41	38	40
Amortization Expense	0.53	0.82	0.92	0.90	0.90	0.78	0.79	0.79	0.77	0.66	0.65
Total Other Income / (Expense), net	-15	-11	-11	-12	-6.93	-6.06	-3.96	-8.39	-8.66	-9.89	-4.88
Interest Expense	17	16	14	16	10	8.47	9.62	11	11	9.89	9.34
Other Income / (Expense), net	2.11	4.90	3.00	3.31	3.35	2.41	5.66	2.78	2.01	0.01	4.45
Income Tax Expense	0.72	-47	12	7.88	-1.46	21	9.07	-10	-3.90	-4.18	-1.58
Basic Earnings per Share	$0.10	($6.54)	$0.41	$0.43	$0.10	$0.10	$0.17	$0.04	($0.28)	($0.41)	($0.20)
Weighted Average Basic Shares Outstanding	48.43M	50.56M	50.41M	50.75M	52.05M	52.55M	52.70M	52.64M	52.13M	51.57M	51.69M
Diluted Earnings per Share	$0.10	($6.52)	$0.40	$0.42	$0.10	$0.10	$0.17	$0.04	($0.28)	($0.41)	($0.20)
Weighted Average Diluted Shares Outstanding	49.45M	50.56M	51.63M	51.68M	53.41M	53.72M	54.09M	53.64M	52.13M	51.57M	51.69M
Weighted Average Basic & Diluted Shares Outstanding	48.52M	49.24M	50.72M	51.63M	51.63M	53.48M	53.85M	53.85M	53.86M	53.22M	53.10M

This table details how cash moves in and out of Blackbaud's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	81	-5.67	82	6.79	68	127	-190	270	100	115
Net Cash From Operating Activities	296	200	204	214	148	182	201	176	154	129
Net Cash From Continuing Operating Activities	296	200	204	214	148	182	201	176	154	129
Net Income / (Loss) Continuing Operations	-283	1.82	-45	5.70	7.72	12	45	74	45	26
Consolidated Net Income / (Loss)	-283	1.82	-45	5.70	7.72	12	45	74	45	26
Depreciation Expense	122	109	102	82	93	86	80	74	70	56
Amortization Expense	2.54	1.78	2.36	1.57	0.78	0.75	0.75	0.84	0.96	0.90
Non-Cash Adjustments To Reconcile Net Income	519	137	122	142	103	72	53	53	36	34
Changes in Operating Assets and Liabilities, net	-64	-51	23	-18	-57	12	23	-25	1.27	13
Net Cash From Investing Activities	-73	-64	-86	-471	-72	-167	-98	-185	-47	-141
Net Cash From Continuing Investing Activities	-73	-64	-86	-471	-72	-167	-98	-185	-47	-141
Purchase of Property, Plant & Equipment	-67	-64	-71	-52	-72	-58	-52	-39	-44	-34
Acquisitions	0.00	-0.01	-21	-419	0.00	-109	-45	-147	-3.38	-107
Divestitures	-1.18	0.00	6.43	0.00	0.00	-	-	-	-	-0.52
Other Investing Activities, net	-5.03	-0.25	0.00	0.00	-	0.50	-0.50	0.00	0.00	-
Net Cash From Financing Activities	-139	-143	-26	264	-11	111	-292	279	-8.55	130
Net Cash From Continuing Financing Activities	-139	-143	-26	264	-11	111	-292	279	-8.55	130
Repayment of Debt	-1,151	-375	-311	-156	-752	-345	-511	-455	-198	-151
Repurchase of Common Equity	-418	-19	-1.34	-108	-41	0.00	0.00	-	-	-
Issuance of Debt	1,441	293	211	582	749	424	271	775	227	312
Other Financing Activities, net	-12	-43	75	-54	40	55	-29	-17	-15	-9.39
Effect of Exchange Rate Changes	-1.95	2.05	-10	0.30	2.25	0.98	-2.01	-0.55	2.62	-2.70
Cash Interest Paid	52	38	33	16	16	20	15	11	9.61	7.21
Cash Income Taxes Paid	61	36	9.67	10	3.56	0.38	-7.14	-5.61	-1.34	-4.80

This table details how cash moves in and out of Blackbaud's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-353	347	-368	448	-345	338	-400	402	-346	359	-103
Net Cash From Operating Activities	1.39	74	104	54	65	-3.35	128	53	22	14	108
Net Cash From Continuing Operating Activities	1.39	74	104	54	65	-3.35	128	53	22	14	108
Net Income / (Loss) Continuing Operations	4.87	-331	21	22	5.25	5.40	9.02	2.11	-15	-21	-10
Consolidated Net Income / (Loss)	4.87	-331	21	22	5.25	5.40	9.02	2.11	-15	-21	-10
Depreciation Expense	22	30	31	30	30	28	28	26	27	26	25
Amortization Expense	0.70	0.75	0.80	0.64	0.35	0.39	0.43	0.46	0.50	0.54	0.57
Non-Cash Adjustments To Reconcile Net Income	18	437	20	27	35	32	40	34	31	28	30
Changes in Operating Assets and Liabilities, net	-43	-64	32	-26	-6.51	-69	50	-10	-22	-19	62
Net Cash From Investing Activities	-26	-17	-16	-26	-15	-15	-18	-16	-15	-18	-14
Net Cash From Continuing Investing Activities	-26	-17	-16	-26	-15	-15	-18	-16	-15	-18	-14
Purchase of Property, Plant & Equipment	-14	-17	-16	-21	-13	-15	-17	-16	-15	-18	-19
Acquisitions	-12	1.18	-	-	-1.18	-	-0.01	-	0.00	0.03	-1.93
Net Cash From Financing Activities	-330	296	-461	420	-395	354	-507	364	-353	359	-190
Net Cash From Continuing Financing Activities	-330	296	-461	420	-395	354	-507	364	-353	359	-190
Repayment of Debt	-86	-65	-114	-894	-79	-81	-122	-96	-75	-81	-100
Repurchase of Common Equity	-100	-93	-63	-	-263	-19	-	-	0.00	-0.13	-0.65
Issuance of Debt	216	138	92	872	340	117	18	65	93	84	14
Other Financing Activities, net	-361	315	-376	442	-392	336	-403	395	-370	356	-103
Effect of Exchange Rate Changes	1.67	-5.48	4.05	0.34	-0.86	2.36	-2.80	1.50	0.99	3.75	-6.98

This table presents Blackbaud's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,496	2,912	2,993	2,972	2,045	1,993	1,615	1,798	1,310	1,223
Total Current Assets	976	930	919	851	819	735	598	799	508	399
Cash & Equivalents	68	31	32	55	36	32	31	30	17	15
Restricted Cash	744	697	702	598	610	546	421	612	354	255
Accounts Receivable	84	102	103	103	95	89	87	96	89	80
Prepaid Expenses	81	99	82	96	78	68	60	62	48	49
Plant, Property, & Equipment, net	92	99	107	111	105	36	40	42	50	53
Total Noncurrent Assets	1,427	1,884	1,967	2,009	1,120	1,223	977	956	752	772
Goodwill	1,053	1,054	1,050	1,059	636	634	545	530	438	436
Intangible Assets	281	742	776	819	389	419	367	369	291	314
Other Noncurrent Operating Assets	94	88	140	131	95	170	65	57	23	21
Total Liabilities & Shareholders' Equity	2,496	2,912	2,993	2,972	2,045	1,993	1,615	1,798	1,310	1,223
Total Liabilities	2,354	2,104	2,249	2,255	1,619	1,596	1,242	1,462	1,063	1,013
Total Current Liabilities	1,252	1,197	1,231	1,110	1,013	989	806	975	680	566
Short-Term Debt	24	19	19	19	13	7.50	7.50	8.58	4.38	4.38
Accounts Payable	51	25	43	22	28	48	35	25	23	19
Accrued Expenses	76	64	86	100	52	73	47	54	54	57
Current Deferred Revenue	360	393	382	374	312	314	296	275	245	230
Other Current Liabilities	742	696	701	594	608	546	421	612	354	255
Total Noncurrent Liabilities	1,102	906	1,018	1,145	605	607	436	487	383	446
Long-Term Debt	1,051	760	840	937	518	460	380	430	338	404
Noncurrent Deferred Revenue	2.02	2.40	2.82	4.25	4.68	1.80	2.56	3.64	6.44	7.12
Noncurrent Deferred & Payable Income Tax Liabilities	9.52	93	126	148	54	45	44	48	30	28
Other Noncurrent Operating Liabilities	39	50	49	55	28	101	9.39	5.63	8.53	7.62
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	142	809	744	717	426	397	374	336	248	211
Total Preferred & Common Equity	142	809	744	717	426	397	374	336	248	211
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	142	809	744	717	426	397	374	336	248	211
Common Stock	1,292	1,203	1,075	969	545	458	399	351	311	276
Retained Earnings	-84	199	197	242	237	235	246	225	153	135
Treasury Stock	-1,060	-592	-537	-501	-353	-291	-267	-239	-215	-200
Accumulated Other Comprehensive Income / (Loss)	-4.87	-1.69	8.94	6.52	-2.50	-5.29	-5.11	-0.64	-0.46	-0.83

This table presents Blackbaud's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,102	2,601	3,043	2,549	2,603	3,093	2,639	2,627
Total Current Assets	627	656	1,079	577	579	1,045	579	548
Cash & Equivalents	37	35	30	26	31	29	24	31
Restricted Cash	424	435	804	360	363	765	366	346
Accounts Receivable	78	98	153	96	103	169	100	87
Prepaid Expenses	88	87	92	95	82	82	89	84
Plant, Property, & Equipment, net	85	95	98	96	101	105	105	109
Total Noncurrent Assets	1,390	1,850	1,866	1,876	1,923	1,944	1,955	1,970
Goodwill	1,054	1,057	1,053	1,053	1,051	1,053	1,052	1,047
Intangible Assets	276	706	715	727	750	761	768	780
Other Noncurrent Operating Assets	59	88	97	95	122	130	135	143
Total Liabilities & Shareholders' Equity	2,102	2,601	3,043	2,549	2,603	3,093	2,639	2,627
Total Liabilities	2,069	2,057	2,465	2,015	1,803	2,332	1,920	1,894
Total Current Liabilities	864	962	1,349	863	938	1,361	864	871
Short-Term Debt	23	24	24	19	19	19	19	18
Accounts Payable	46	44	44	49	39	41	47	36
Accrued Expenses	45	49	52	75	101	103	73	78
Current Deferred Revenue	326	412	427	360	416	435	361	394
Other Current Liabilities	423	434	802	359	362	764	364	344
Total Noncurrent Liabilities	1,205	1,094	1,116	1,152	866	971	1,056	1,023
Long-Term Debt	1,182	977	998	1,021	723	827	859	836
Noncurrent Deferred Revenue	6.03	1.71	2.32	6.83	3.02	3.52	6.96	2.92
Noncurrent Deferred & Payable Income Tax Liabilities	9.60	68	75	82	94	91	131	132
Other Noncurrent Operating Liabilities	7.17	48	41	43	45	48	58	52
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	33	544	577	534	800	761	720	733
Total Preferred & Common Equity	33	544	577	534	800	761	720	733
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	33	544	577	534	800	761	720	733
Common Stock	1,320	1,227	1,209	1,184	1,171	1,139	1,105	1,049
Retained Earnings	-79	246	226	204	193	184	182	218
Treasury Stock	-1,199	-923	-857	-856	-572	-571	-568	-537
Accumulated Other Comprehensive Income / (Loss)	-8.30	-6.89	0.18	1.22	8.14	8.84	0.40	2.72

This table displays calculated financial ratios and metrics derived from Blackbaud's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.53%	4.47%	14.05%	1.59%	1.42%	6.11%	7.62%	7.77%	14.69%	13.03%
EBITDA Growth	-178.04%	98.71%	-22.10%	-17.63%	12.55%	-16.47%	-3.02%	4.19%	36.75%	11.52%
EBIT Growth	-544.63%	391.15%	-178.82%	-35.51%	24.67%	-48.44%	-14.08%	3.69%	50.88%	-0.49%
NOPAT Growth	-4,206.24%	123.13%	-199.52%	50.68%	-56.46%	-48.86%	-30.61%	59.31%	66.59%	-3.01%
Net Income Growth	-15,658.90%	104.01%	-896.89%	-26.16%	-35.19%	-73.44%	-39.10%	62.17%	77.02%	-9.34%
EPS Growth	-18,766.67%	103.41%	-833.33%	-25.00%	-36.00%	-73.12%	-39.61%	60.42%	74.55%	-11.29%
Operating Cash Flow Growth	48.26%	-2.09%	-4.57%	44.41%	-18.92%	-9.39%	14.24%	14.75%	18.88%	10.56%
Free Cash Flow Firm Growth	1,826.98%	-89.56%	119.12%	-5,386.25%	-123.33%	146.06%	-167.70%	-5.74%	3,906.30%	94.17%
Invested Capital Growth	-52.84%	-1.05%	-14.86%	227.20%	9.04%	-7.52%	132.91%	-39.43%	-37.04%	11.97%
Revenue Q/Q Growth	0.63%	1.87%	2.61%	0.57%	0.52%	1.88%	0.45%	2.37%	3.28%	3.75%
EBITDA Q/Q Growth	-150.16%	44.78%	-5.26%	-6.26%	-1.67%	-7.96%	-3.31%	-5.19%	19.88%	5.55%
EBIT Q/Q Growth	-281.51%	689.12%	-79.50%	-17.58%	-10.49%	-28.27%	-7.93%	-12.11%	42.88%	8.43%
NOPAT Q/Q Growth	-356.09%	308.67%	-45.60%	931.63%	-61.96%	-6.45%	-35.57%	29.59%	35.04%	7.60%
Net Income Q/Q Growth	-634.38%	107.33%	-45.51%	757.97%	-65.95%	-40.21%	-37.85%	26.59%	48.18%	6.63%
EPS Q/Q Growth	-649.02%	106.25%	-41.94%	1,300.00%	-65.96%	-39.02%	-38.00%	25.20%	47.69%	5.77%
Operating Cash Flow Q/Q Growth	35.12%	-8.03%	-12.75%	2.44%	-12.72%	-1.72%	5.58%	-0.33%	9.84%	6.89%
Free Cash Flow Firm Q/Q Growth	79.77%	-76.68%	123.98%	-2,116.57%	82.43%	738.94%	-332.94%	183.41%	476.97%	94.22%
Invested Capital Q/Q Growth	-62.28%	-25.14%	-28.17%	51.32%	-56.13%	-52.69%	-46.52%	-71.05%	-51.62%	-4.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.32%	54.57%	52.24%	52.23%	53.13%	53.53%	55.02%	54.10%	53.64%	52.25%
EBITDA Margin	-11.40%	15.27%	8.03%	11.76%	14.50%	13.07%	16.60%	18.42%	19.05%	15.98%
Operating Margin	-23.41%	4.04%	-2.69%	2.68%	4.08%	3.01%	7.00%	8.65%	9.32%	7.32%
EBIT Margin	-22.15%	5.21%	-1.87%	2.70%	4.26%	3.47%	7.13%	8.93%	9.29%	7.06%
Profit (Net Income) Margin	-24.51%	0.16%	-4.29%	0.61%	0.85%	1.32%	5.28%	9.34%	6.21%	4.02%
Tax Burden Percent	90.88%	10.32%	81.70%	80.45%	35.70%	112.50%	100.49%	126.21%	79.17%	69.41%
Interest Burden Percent	121.74%	30.65%	281.08%	28.23%	55.56%	33.92%	73.73%	82.83%	84.42%	82.07%
Effective Tax Rate	0.00%	89.68%	0.00%	19.55%	64.30%	-12.50%	-0.49%	-26.21%	20.83%	30.59%
Return on Invested Capital (ROIC)	-29.93%	0.53%	-2.11%	3.01%	4.45%	10.26%	27.01%	48.88%	19.03%	9.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-89.58%	-2.64%	-14.00%	-12.15%	9.41%	31.53%	38.11%	59.60%	3.30%	4.68%
Return on Net Nonoperating Assets (RNNOA)	-29.64%	-0.30%	-4.10%	-2.01%	-2.57%	-7.17%	-14.38%	-23.66%	0.79%	3.10%
Return on Equity (ROE)	-59.57%	0.23%	-6.22%	1.00%	1.88%	3.09%	12.63%	25.22%	19.82%	12.94%
Cash Return on Invested Capital (CROIC)	41.87%	1.59%	13.94%	-103.36%	-4.20%	18.07%	-52.84%	98.00%	64.50%	-1.46%
Operating Return on Assets (OROA)	-9.47%	1.95%	-0.66%	1.00%	1.93%	1.73%	3.55%	4.53%	5.36%	4.16%
Return on Assets (ROA)	-10.47%	0.06%	-1.52%	0.23%	0.38%	0.66%	2.63%	4.74%	3.58%	2.37%
Return on Common Equity (ROCE)	-59.57%	0.23%	-6.22%	1.00%	1.88%	3.09%	12.63%	25.22%	19.82%	12.94%
Return on Equity Simple (ROE_SIMPLE)	-199.43%	0.23%	-6.10%	0.79%	1.81%	3.00%	12.00%	21.90%	18.34%	12.18%
Net Operating Profit after Tax (NOPAT)	-189	4.61	-20	20	13	31	60	86	54	32
NOPAT Margin	-16.39%	0.42%	-1.88%	2.16%	1.46%	3.39%	7.04%	10.91%	7.38%	5.08%
Net Nonoperating Expense Percent (NNEP)	59.65%	3.17%	11.89%	15.16%	-4.96%	-21.27%	-11.10%	-10.71%	15.74%	5.16%
Return On Investment Capital (ROIC_SIMPLE)	-15.56%	0.29%	-1.24%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	44.68%	45.43%	47.76%	47.77%	46.87%	46.47%	44.98%	45.90%	46.36%	47.75%
SG&A Expenses to Revenue	12.35%	17.18%	18.89%	15.77%	14.77%	12.60%	12.53%	12.03%	11.12%	11.93%
R&D to Revenue	13.90%	13.87%	14.83%	13.43%	10.97%	11.79%	11.64%	11.40%	12.28%	13.27%
Operating Expenses to Revenue	78.73%	50.53%	54.93%	49.54%	49.05%	50.52%	48.01%	45.45%	44.31%	44.93%
Earnings before Interest and Taxes (EBIT)	-256	58	-20	25	39	31	61	70	68	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-132	169	85	109	132	118	141	145	139	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	26.40	5.77	4.20	5.31	6.70	9.85	8.11	13.34	12.08	14.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.24	4.22	2.95	4.10	3.12	4.34	3.57	5.69	4.09	4.72
Price to Earnings (P/E)	0.00	2,565.40	0.00	667.78	369.72	328.25	67.62	60.93	65.85	117.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.83%	0.60%	0.77%	0.51%	0.76%	0.75%
Earnings Yield	0.00%	0.04%	0.00%	0.15%	0.27%	0.30%	1.48%	1.64%	1.52%	0.85%
Enterprise Value to Invested Capital (EV/IC)	9.90	5.49	3.74	4.03	8.78	13.28	9.59	32.25	13.51	9.04
Enterprise Value to Revenue (EV/Rev)	3.47	4.27	3.07	4.43	3.00	4.22	3.50	5.43	4.05	4.93
Enterprise Value to EBITDA (EV/EBITDA)	0.00	27.96	38.25	37.67	20.68	32.28	21.07	29.49	21.25	30.88
Enterprise Value to EBIT (EV/EBIT)	0.00	81.99	0.00	163.77	70.41	121.72	49.04	60.81	43.59	69.89
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1,023.57	0.00	205.05	205.98	124.37	49.70	49.78	54.83	97.06
Enterprise Value to Operating Cash Flow (EV/OCF)	13.56	23.64	15.94	19.23	18.51	20.81	14.74	24.30	19.28	24.35
Enterprise Value to Free Cash Flow (EV/FCFF)	15.15	343.34	24.68	0.00	0.00	70.60	0.00	24.83	16.18	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	7.57	0.96	1.15	1.33	1.25	1.18	1.04	1.30	1.38	1.94
Long-Term Debt to Equity	7.40	0.94	1.13	1.31	1.22	1.16	1.02	1.28	1.37	1.92
Financial Leverage	0.33	0.11	0.29	0.17	-0.27	-0.23	-0.38	-0.40	0.24	0.66
Leverage Ratio	5.69	3.80	4.08	4.39	4.91	4.68	4.81	5.32	5.53	5.46
Compound Leverage Factor	6.92	1.17	11.47	1.24	2.73	1.59	3.54	4.41	4.67	4.48
Debt to Total Capital	88.33%	49.09%	53.59%	57.15%	55.48%	54.07%	50.88%	56.58%	58.04%	65.96%
Short-Term Debt to Total Capital	1.96%	1.21%	1.17%	1.12%	1.34%	0.87%	0.99%	1.11%	0.74%	0.71%
Long-Term Debt to Total Capital	86.37%	47.87%	52.41%	56.03%	54.14%	53.20%	49.89%	55.47%	57.30%	65.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	11.67%	50.91%	46.41%	42.85%	44.52%	45.93%	49.12%	43.42%	41.96%	34.04%
Debt to EBITDA	-8.16	4.62	10.11	8.77	4.01	3.97	2.75	3.02	2.46	4.00
Net Debt to EBITDA	-2.00	0.30	1.47	2.78	-0.86	-0.94	-0.46	-1.40	-0.20	1.35
Long-Term Debt to EBITDA	-7.98	4.50	9.89	8.60	3.91	3.91	2.70	2.96	2.43	3.96
Debt to NOPAT	-5.68	169.07	-43.08	47.72	39.94	15.30	6.48	5.09	6.34	12.59
Net Debt to NOPAT	-1.39	11.07	-6.26	15.14	-8.59	-3.63	-1.08	-2.36	-0.52	4.25
Long-Term Debt to NOPAT	-5.55	164.90	-42.14	46.79	38.97	15.05	6.36	4.99	6.26	12.45
Altman Z-Score	0.90	1.76	1.13	1.36	1.62	1.98	2.17	2.47	2.42	2.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.78	0.75	0.77	0.81	0.74	0.74	0.82	0.75	0.70
Quick Ratio	0.12	0.11	0.11	0.14	0.13	0.12	0.15	0.13	0.16	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	265	14	132	-689	-13	54	-117	173	183	-4.81
Operating Cash Flow to CapEx	440.43%	311.31%	286.92%	409.68%	205.93%	312.64%	384.70%	457.27%	348.73%	378.81%
Free Cash Flow to Firm to Interest Expense	4.76	0.34	3.68	-38.25	-0.73	2.61	-7.35	14.26	17.29	-0.60
Operating Cash Flow to Interest Expense	5.32	5.00	5.69	11.87	8.56	8.85	12.67	14.57	14.52	16.01
Operating Cash Flow Less CapEx to Interest Expense	4.11	3.39	3.71	8.97	4.40	6.02	9.37	11.39	10.35	11.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.37	0.35	0.37	0.45	0.50	0.50	0.51	0.58	0.59
Accounts Receivable Turnover	12.46	10.80	10.30	9.37	9.91	10.26	9.31	8.54	8.66	8.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.12	10.73	9.67	8.57	12.98	23.83	20.63	17.05	14.22	12.44
Accounts Payable Turnover	13.59	14.83	15.64	17.76	11.34	10.18	12.89	15.09	15.97	19.88
Days Sales Outstanding (DSO)	29.28	33.79	35.45	38.98	36.83	35.56	39.20	42.73	42.15	45.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	26.86	24.62	23.34	20.55	32.19	35.86	28.32	24.19	22.86	18.36
Cash Conversion Cycle (CCC)	2.42	9.17	12.11	18.43	4.63	-0.30	10.88	18.54	19.29	26.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	405	860	869	1,021	312	286	309	133	219	348
Invested Capital Turnover	1.83	1.28	1.12	1.39	3.05	3.02	3.84	4.48	2.58	1.94
Increase / (Decrease) in Invested Capital	-454	-9.14	-152	709	26	-23	177	-86	-129	37
Enterprise Value (EV)	4,013	4,720	3,250	4,108	2,739	3,798	2,968	4,283	2,961	3,147
Market Capitalization	3,749	4,669	3,125	3,805	2,853	3,909	3,032	4,487	2,990	3,009
Book Value per Share	$2.80	$15.02	$14.01	$14.88	$8.60	$8.07	$7.70	$6.99	$5.20	$4.49
Tangible Book Value per Share	($23.50)	($18.33)	($20.39)	($24.10)	($12.09)	($13.35)	($11.08)	($11.70)	($10.13)	($11.52)
Total Capital	1,217	1,588	1,603	1,673	957	864	761	775	590	619
Total Debt	1,075	780	859	956	531	467	387	438	342	408
Total Long-Term Debt	1,051	760	840	937	518	460	380	430	338	404
Net Debt	264	51	125	303	-114	-111	-64	-203	-28	138
Capital Expenditures (CapEx)	67	64	71	52	72	58	52	39	44	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,063	-977	-1,027	-893	-827	-825	-652	-808	-538	-433
Debt-free Net Working Capital (DFNWC)	-252	-248	-293	-240	-182	-247	-200	-167	-168	-163
Net Working Capital (NWC)	-276	-267	-312	-259	-194	-254	-208	-175	-172	-167
Net Nonoperating Expense (NNE)	94	2.79	25	14	5.58	19	15	12	8.61	6.77
Net Nonoperating Obligations (NNO)	264	51	125	303	-114	-111	-64	-203	-28	138
Total Depreciation and Amortization (D&A)	124	111	105	84	94	86	80	75	71	57
Debt-free, Cash-free Net Working Capital to Revenue	-92.03%	-88.36%	-97.10%	-96.22%	-90.54%	-91.58%	-76.81%	-102.52%	-73.60%	-67.91%
Debt-free Net Working Capital to Revenue	-21.80%	-22.45%	-27.71%	-25.87%	-19.88%	-27.41%	-23.59%	-21.14%	-22.94%	-25.52%
Net Working Capital to Revenue	-23.87%	-24.19%	-29.49%	-27.88%	-21.28%	-28.24%	-24.47%	-22.23%	-23.54%	-26.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.60)	$0.03	($0.88)	$0.12	$0.16	$0.25	$0.95	$1.41	$0.90	$0.56
Adjusted Weighted Average Basic Shares Outstanding	50.56M	52.55M	51.57M	47.41M	48.18M	47.70M	47.21M	46.67M	46.13M	45.62M
Adjusted Diluted Earnings per Share	($5.60)	$0.03	($0.88)	$0.12	$0.16	$0.25	$0.93	$1.38	$0.88	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	50.56M	53.72M	51.57M	48.23M	48.70M	48.31M	48.05M	47.78M	47.32M	46.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.24M	53.48M	53.22M	51.97M	48.38M	49.14M	48.57M	48.08M	47.53M	46.97M
Normalized Net Operating Profit after Tax (NOPAT)	-189	31	-20	20	26	23	45	48	54	32
Normalized NOPAT Margin	-16.39%	2.83%	-1.88%	2.18%	2.87%	2.56%	5.28%	6.12%	7.38%	5.08%
Pre Tax Income Margin	-26.97%	1.60%	-5.25%	0.76%	2.37%	1.18%	5.26%	7.40%	7.84%	5.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.60	1.44	-0.55	1.39	2.25	1.51	3.81	5.82	6.42	5.58
NOPAT to Interest Expense	-3.40	0.12	-0.56	1.11	0.77	1.48	3.76	7.11	5.10	4.02
EBIT Less CapEx to Interest Expense	-5.81	-0.16	-2.54	-1.50	-1.91	-1.32	0.51	2.64	2.26	1.35
NOPAT Less CapEx to Interest Expense	-4.61	-1.49	-2.54	-1.78	-3.39	-1.35	0.46	3.93	0.94	-0.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	77.23%	198.24%	51.99%	31.33%	50.24%	87.75%
Augmented Payout Ratio	-147.63%	1,034.67%	-2.95%	1,902.70%	608.54%	198.24%	51.99%	31.33%	50.24%	87.75%

This table displays calculated financial ratios and metrics derived from Blackbaud's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.08%	2.45%	3.28%	5.99%	6.68%	7.37%	6.25%	2.31%	1.80%	10.84%	13.01%
EBITDA Growth	0.83%	-626.32%	40.18%	155.96%	124.44%	485.43%	140.53%	1.19%	-7.03%	-30.49%	-28.86%
EBIT Growth	60.21%	-1,143.10%	69.00%	1,377.93%	277.15%	323.43%	1,183.11%	-3.61%	-63.44%	-129.05%	-120.13%
NOPAT Growth	19.89%	-3,967.59%	150.64%	14,921.87%	313.09%	161.05%	323.91%	444.44%	-66.37%	-134.62%	-158.29%
Net Income Growth	-7.22%	-6,226.39%	127.81%	935.82%	135.68%	125.40%	187.38%	161.51%	-41.26%	-201.25%	-266.76%
EPS Growth	0.00%	-6,620.00%	135.29%	950.00%	135.71%	124.39%	185.00%	157.14%	-40.00%	-173.33%	-253.85%
Operating Cash Flow Growth	-97.85%	2,297.13%	-18.78%	1.17%	196.34%	-123.77%	18.47%	-7.12%	-11.01%	-67.89%	54.62%
Free Cash Flow Firm Growth	1,126.87%	1,150.01%	39.91%	-78.29%	-77.72%	-88.79%	113.36%	152.51%	122.60%	119.73%	-1,301.06%
Invested Capital Growth	-34.51%	-52.84%	-6.39%	-5.99%	-1.66%	-1.05%	-5.06%	-31.06%	-11.92%	-14.86%	79.37%
Revenue Q/Q Growth	-10.45%	5.41%	-0.19%	2.88%	-5.34%	6.26%	2.43%	3.55%	-4.73%	5.15%	-1.37%
EBITDA Q/Q Growth	113.54%	-521.21%	2.87%	71.86%	-29.32%	12.18%	87.84%	50.69%	84.36%	-53.91%	-20.98%
EBIT Q/Q Growth	106.22%	-873.67%	3.13%	222.78%	-59.50%	25.34%	801.89%	138.69%	48.92%	-507.62%	-180.26%
NOPAT Q/Q Growth	106.92%	-1,032.99%	-10.90%	108.37%	123.28%	-39.54%	5,240.29%	102.96%	36.02%	-121.73%	-13,085.19%
Net Income Q/Q Growth	101.47%	-1,710.18%	-5.79%	315.63%	-2.83%	-40.12%	328.36%	114.32%	30.85%	-106.02%	-201.55%
EPS Q/Q Growth	101.53%	-1,730.00%	-4.76%	320.00%	0.00%	-41.18%	325.00%	114.29%	31.71%	-105.00%	-185.71%
Operating Cash Flow Q/Q Growth	-98.11%	-29.21%	93.16%	-16.72%	2,029.50%	-102.62%	140.58%	143.95%	54.80%	-86.96%	88.61%
Free Cash Flow Firm Q/Q Growth	116.75%	95.39%	26.74%	128.58%	120.84%	-78.13%	-80.33%	134.57%	11.14%	126.05%	22.67%
Invested Capital Q/Q Growth	91.79%	-62.28%	40.51%	-35.57%	38.12%	-25.14%	41.12%	-32.60%	38.97%	-28.17%	2.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.58%	54.38%	55.53%	56.59%	54.81%	53.96%	56.14%	55.18%	52.97%	50.69%	53.72%
EBITDA Margin	16.58%	-109.67%	27.44%	26.63%	15.94%	21.35%	20.22%	11.03%	7.58%	3.92%	8.93%
Operating Margin	7.55%	-121.48%	15.28%	14.65%	3.84%	10.95%	7.94%	0.11%	-3.80%	-5.66%	-2.68%
EBIT Margin	8.33%	-119.86%	16.33%	15.80%	5.04%	11.77%	9.98%	1.13%	-3.03%	-5.66%	-0.98%
Profit (Net Income) Margin	1.80%	-109.44%	7.16%	7.59%	1.88%	1.83%	3.25%	0.78%	-5.62%	-7.74%	-3.95%
Tax Burden Percent	87.07%	87.56%	62.85%	73.45%	138.42%	20.56%	49.86%	-26.00%	79.03%	83.59%	86.75%
Interest Burden Percent	24.81%	104.28%	69.80%	65.39%	26.94%	75.60%	65.28%	-263.51%	234.28%	163.64%	465.01%
Effective Tax Rate	12.93%	0.00%	37.15%	26.55%	-38.42%	79.44%	50.14%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.67%	-155.31%	9.92%	15.53%	4.98%	2.88%	3.64%	0.08%	-2.19%	-4.44%	-2.06%
ROIC Less NNEP Spread (ROIC-NNEP)	5.82%	-202.22%	8.33%	7.94%	3.30%	1.46%	3.17%	0.82%	-3.53%	-9.28%	-3.49%
Return on Net Nonoperating Assets (RNNOA)	14.35%	-66.91%	5.45%	1.43%	3.00%	0.17%	1.70%	0.28%	-2.86%	-2.72%	-2.33%
Return on Equity (ROE)	22.02%	-222.22%	15.37%	16.95%	7.99%	3.05%	5.35%	0.37%	-5.05%	-7.16%	-4.39%
Cash Return on Invested Capital (CROIC)	23.12%	41.87%	13.25%	13.41%	4.64%	1.59%	5.00%	34.51%	10.91%	13.94%	-58.27%
Operating Return on Assets (OROA)	4.11%	-51.22%	7.21%	5.87%	2.18%	4.41%	4.14%	0.41%	-1.22%	-2.01%	-0.47%
Return on Assets (ROA)	0.89%	-46.77%	3.16%	2.82%	0.81%	0.69%	1.35%	0.28%	-2.27%	-2.75%	-1.90%
Return on Common Equity (ROCE)	22.02%	-222.22%	15.37%	16.95%	7.99%	3.05%	5.35%	0.37%	-5.05%	-7.16%	-4.39%
Return on Equity Simple (ROE_SIMPLE)	-854.71%	0.00%	9.74%	7.18%	4.08%	0.00%	-3.10%	-5.80%	-6.91%	0.00%	-4.26%
Net Operating Profit after Tax (NOPAT)	18	-257	28	31	15	6.64	11	0.21	-6.96	-11	-4.91
NOPAT Margin	6.57%	-85.03%	9.61%	10.76%	5.31%	2.25%	3.96%	0.08%	-2.66%	-3.96%	-1.88%
Net Nonoperating Expense Percent (NNEP)	1.85%	46.90%	1.59%	7.58%	1.68%	1.42%	0.48%	-0.74%	1.34%	4.84%	1.43%
Return On Investment Capital (ROIC_SIMPLE)	1.44%	-21.12%	-	-	-	0.42%	-	-	-	-0.68%	-
Cost of Revenue to Revenue	42.42%	45.62%	44.47%	43.41%	45.19%	46.04%	43.86%	44.82%	47.03%	49.31%	46.28%
SG&A Expenses to Revenue	20.94%	11.87%	8.94%	11.64%	17.10%	11.98%	15.34%	21.82%	20.19%	21.44%	19.08%
R&D to Revenue	12.40%	13.02%	13.73%	13.60%	15.33%	13.08%	13.67%	13.34%	15.51%	13.89%	15.48%
Operating Expenses to Revenue	50.03%	175.86%	40.24%	41.94%	50.97%	43.00%	48.20%	55.07%	56.77%	56.35%	56.40%
Earnings before Interest and Taxes (EBIT)	23	-362	47	45	14	35	28	3.07	-7.94	-16	-2.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	-331	79	76	45	63	56	30	20	11	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	92.09	26.40	8.03	6.81	7.48	5.77	4.73	5.04	5.12	4.20	3.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.66	3.24	3.81	3.45	3.56	4.22	3.49	3.59	3.47	2.95	2.27
Price to Earnings (P/E)	0.00	0.00	82.50	94.83	183.43	2,565.40	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.21%	1.05%	0.55%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.89	9.90	4.56	5.38	3.91	5.49	3.60	4.78	3.46	3.74	2.33
Enterprise Value to Revenue (EV/Rev)	3.31	3.47	4.27	3.62	4.14	4.27	3.81	3.64	3.93	3.07	2.73
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	18.66	17.16	24.01	27.96	35.46	46.37	50.03	38.25	31.37
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	34.77	33.80	58.39	81.99	566.88	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	66.30	72.15	130.72	1,023.57	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.33	13.56	22.38	16.95	19.16	23.64	19.05	19.72	20.75	15.94	12.04
Enterprise Value to Free Cash Flow (EV/FCFF)	16.72	15.15	33.27	38.92	83.63	343.34	70.14	11.29	29.69	24.68	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	36.34	7.57	1.84	1.77	1.95	0.96	0.93	1.11	1.22	1.15	1.17
Long-Term Debt to Equity	35.64	7.40	1.79	1.73	1.91	0.94	0.90	1.09	1.19	1.13	1.14
Financial Leverage	2.46	0.33	0.65	0.18	0.91	0.11	0.54	0.35	0.81	0.29	0.67
Leverage Ratio	8.20	5.69	3.87	4.58	4.14	3.80	3.41	3.99	3.70	4.08	3.79
Compound Leverage Factor	2.03	5.93	2.70	3.00	1.12	2.88	2.23	-10.52	8.66	6.68	17.62
Debt to Total Capital	97.32%	88.33%	64.77%	63.90%	66.07%	49.09%	48.13%	52.65%	54.95%	53.59%	53.82%
Short-Term Debt to Total Capital	1.88%	1.96%	1.54%	1.49%	1.23%	1.21%	1.25%	1.19%	1.20%	1.17%	1.15%
Long-Term Debt to Total Capital	95.44%	86.37%	63.23%	62.41%	64.84%	47.87%	46.89%	51.46%	53.76%	52.41%	52.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	2.68%	11.67%	35.23%	36.10%	33.93%	50.91%	51.87%	47.35%	45.05%	46.41%	46.18%
Debt to EBITDA	-9.18	-8.16	3.81	4.26	5.37	4.62	6.37	10.10	10.52	10.11	9.52
Net Debt to EBITDA	-5.67	-2.00	2.02	0.78	3.38	0.30	2.99	0.63	5.84	1.47	5.32
Long-Term Debt to EBITDA	-9.00	-7.98	3.72	4.16	5.27	4.50	6.20	9.87	10.29	9.89	9.32
Debt to NOPAT	-6.60	-5.68	13.54	17.89	29.26	169.07	-336.03	-37.54	-38.65	-43.08	-62.36
Net Debt to NOPAT	-4.08	-1.39	7.18	3.29	18.38	11.07	-157.63	-2.33	-21.47	-6.26	-34.82
Long-Term Debt to NOPAT	-6.48	-5.55	13.21	17.48	28.71	164.90	-327.33	-36.69	-37.81	-42.14	-61.04
Altman Z-Score	1.28	0.76	1.77	1.38	1.63	1.74	1.65	1.30	1.51	1.14	1.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.78	0.68	0.80	0.67	0.78	0.62	0.77	0.67	0.75	0.63
Quick Ratio	0.13	0.12	0.14	0.14	0.14	0.11	0.14	0.15	0.14	0.11	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	428	197	101	80	35	16	72	367	156	141	-540
Operating Cash Flow to CapEx	10.16%	430.73%	666.05%	254.10%	484.73%	-22.00%	736.71%	328.29%	142.23%	79.17%	581.79%
Free Cash Flow to Firm to Interest Expense	25.23	12.72	7.14	5.07	3.39	1.86	7.50	32.85	14.67	14.23	-57.85
Operating Cash Flow to Interest Expense	0.08	4.75	7.35	3.42	6.29	-0.40	13.30	4.76	2.05	1.42	11.57
Operating Cash Flow Less CapEx to Interest Expense	-0.72	3.64	6.25	2.08	4.99	-2.19	11.50	3.31	0.61	-0.37	9.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.43	0.44	0.37	0.43	0.37	0.42	0.36	0.40	0.35	0.48
Accounts Receivable Turnover	13.17	12.46	11.44	7.08	11.44	10.80	11.46	6.72	11.07	10.30	10.71
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.67	12.12	11.74	11.24	11.15	10.73	10.33	9.87	9.75	9.67	9.69
Accounts Payable Turnover	10.60	13.59	12.34	12.00	10.59	14.83	13.25	12.95	11.75	15.64	13.21
Days Sales Outstanding (DSO)	27.72	29.28	31.90	51.54	31.91	33.79	31.86	54.32	32.98	35.45	34.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	34.45	26.86	29.58	30.42	34.45	24.62	27.54	28.18	31.08	23.34	27.62
Cash Conversion Cycle (CCC)	-6.73	2.42	2.33	21.12	-2.54	9.17	4.32	26.14	1.90	12.11	6.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	778	405	1,075	765	1,187	860	1,149	814	1,207	869	1,210
Invested Capital Turnover	1.17	1.83	1.03	1.44	0.94	1.28	0.92	1.07	0.82	1.12	1.09
Increase / (Decrease) in Invested Capital	-410	-454	-73	-49	-20	-9.14	-61	-367	-163	-152	535
Enterprise Value (EV)	3,800	4,013	4,902	4,120	4,646	4,720	4,135	3,886	4,176	3,250	2,813
Market Capitalization	3,055	3,749	4,372	3,932	3,993	4,669	3,787	3,834	3,688	3,125	2,336
Book Value per Share	$0.67	$2.80	$10.54	$11.18	$10.26	$15.02	$14.86	$14.14	$13.52	$14.01	$13.82
Tangible Book Value per Share	($26.35)	($23.50)	($23.59)	($23.07)	($23.95)	($18.33)	($18.59)	($19.54)	($20.67)	($20.39)	($20.63)
Total Capital	1,239	1,217	1,545	1,599	1,574	1,588	1,543	1,608	1,598	1,603	1,587
Total Debt	1,206	1,075	1,001	1,022	1,040	780	743	847	878	859	854
Total Long-Term Debt	1,182	1,051	977	998	1,021	760	723	827	859	840	836
Net Debt	745	264	531	188	653	51	348	53	488	125	477
Capital Expenditures (CapEx)	14	17	16	21	13	15	17	16	15	18	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-674	-1,063	-753	-1,080	-653	-977	-733	-1,091	-656	-1,027	-682
Debt-free Net Working Capital (DFNWC)	-213	-252	-283	-246	-266	-248	-339	-297	-265	-293	-305
Net Working Capital (NWC)	-236	-276	-307	-270	-286	-267	-358	-317	-285	-312	-323
Net Nonoperating Expense (NNE)	13	74	7.00	9.11	9.59	1.25	1.97	-1.90	7.74	10	5.41
Net Nonoperating Obligations (NNO)	745	264	531	188	653	51	348	53	488	125	477
Total Depreciation and Amortization (D&A)	22	31	32	31	30	28	28	27	28	26	26
Debt-free, Cash-free Net Working Capital to Revenue	-58.79%	-92.03%	-65.57%	-94.81%	-58.12%	-88.36%	-67.57%	-102.11%	-61.70%	-97.10%	-66.18%
Debt-free Net Working Capital to Revenue	-18.58%	-21.80%	-24.63%	-21.60%	-23.71%	-22.45%	-31.24%	-27.82%	-24.97%	-27.71%	-29.60%
Net Working Capital to Revenue	-20.62%	-23.87%	-26.71%	-23.68%	-25.43%	-24.19%	-33.01%	-29.62%	-26.77%	-29.49%	-31.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.10	($6.54)	$0.41	$0.43	$0.10	$0.10	$0.17	$0.04	($0.28)	($0.41)	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	48.43M	50.56M	50.41M	50.75M	52.05M	52.55M	52.70M	52.64M	52.13M	51.57M	51.69M
Adjusted Diluted Earnings per Share	$0.10	($6.52)	$0.40	$0.42	$0.10	$0.10	$0.17	$0.04	($0.28)	($0.41)	($0.20)
Adjusted Weighted Average Diluted Shares Outstanding	49.45M	50.56M	51.63M	51.68M	53.41M	53.72M	54.09M	53.64M	52.13M	51.57M	51.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.52M	49.24M	50.72M	51.63M	51.63M	53.48M	53.85M	53.85M	53.86M	53.22M	53.10M
Normalized Net Operating Profit after Tax (NOPAT)	18	-257	28	31	7.50	23	15	0.21	-6.96	-11	-4.91
Normalized NOPAT Margin	6.57%	-85.03%	9.61%	10.76%	2.69%	7.67%	5.56%	0.08%	-2.66%	-3.96%	-1.88%
Pre Tax Income Margin	2.07%	-124.99%	11.40%	10.33%	1.36%	8.90%	6.51%	-2.99%	-7.11%	-9.26%	-4.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.33	-23.37	3.31	2.89	1.37	4.10	2.88	0.28	-0.74	-1.57	-0.27
NOPAT to Interest Expense	1.05	-16.58	1.95	1.97	1.44	0.78	1.14	0.02	-0.65	-1.10	-0.53
EBIT Less CapEx to Interest Expense	0.52	-24.47	2.21	1.54	0.07	2.30	1.07	-1.18	-2.18	-3.37	-2.26
NOPAT Less CapEx to Interest Expense	0.24	-17.68	0.84	0.62	0.15	-1.01	-0.66	-1.43	-2.09	-2.90	-2.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-90.10%	-147.63%	649.62%	678.69%	1,292.91%	1,034.67%	-0.54%	-1.77%	0.00%	-2.95%	-36.11%

Frequently Asked Questions About Blackbaud's Financials

When does Blackbaud's fiscal year end?

According to the most recent income statement we have on file, Blackbaud's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Blackbaud's net income changed over the last 9 years?

Blackbaud's net income appears to be on an upward trend, with a most recent value of -$283.17 million in 2024, falling from $25.65 million in 2015. The previous period was $1.82 million in 2023. See Blackbaud's forecast for analyst expectations on what’s next for the company.

What is Blackbaud's operating income?

Blackbaud's total operating income in 2024 was -$270.51 million, based on the following breakdown:

Total Gross Profit: $639.20 million
Total Operating Expenses: $909.71 million

How has Blackbaud revenue changed over the last 9 years?

Over the last 9 years, Blackbaud's total revenue changed from $637.94 million in 2015 to $1.16 billion in 2024, a change of 81.1%.

How much debt does Blackbaud have?

Blackbaud's total liabilities were at $2.35 billion at the end of 2024, a 11.9% increase from 2023, and a 132.4% increase since 2015.

How much cash does Blackbaud have?

In the past 9 years, Blackbaud's cash and equivalents has ranged from $15.36 million in 2015 to $67.63 million in 2024, and is currently $67.63 million as of their latest financial filing in 2024.

How has Blackbaud's book value per share changed over the last 9 years?

Over the last 9 years, Blackbaud's book value per share changed from 4.49 in 2015 to 2.80 in 2024, a change of -37.6%.

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This page (NASDAQ:BLKB) was last updated on 5/21/2025 by MarketBeat.com Staff

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Blackbaud (BLKB) Financials

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