Blackbaud, Inc. logo BLKB - Blackbaud, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 15
SELL 3
STRONG
SELL
0
| PRICE TARGET: $52.50 DETAILS
HIGH: $60.00
LOW: $45.00
MEDIAN: $52.50
CONSENSUS: $52.50
UPSIDE: 77.54%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 1,128.4 1,155.5 1,105.4 1,058.1 927.7 913.2 900.4 848.6 788.3 730.8 637.9 564.4 503.8 447.4 370.9 327.1 309.3 302.5 257.0 192.0 166.3 138.7 118.1 105.2 90.0 83.6 92.5
Cost of Revenue 465.1 516.3 501.4 505.4 443.2 427.2 417.2 380.8 361.9 339.2 304.6 273.4 231.9 202.5 157.2 131.8 120.9 116.4 92.5 57.3 50.1 40.5 39.4 31.0 26.5 25.4 23.9
Gross Profit 663.3 639.2 604.0 552.7 484.5 486.1 483.2 467.8 426.6 392.4 333.3 291.0 272.0 245.0 213.7 195.3 188.4 186.1 164.6 134.7 116.2 98.2 78.7 74.2 63.6 58.2 68.5
Operating Expenses
R&D Expenses 138.1 183.2 153.3 159.2 124.6 100.1 126.9 115.4 102.7 98.2 90.3 80.8 66.6 64.7 47.7 45.5 45.7 38.7 28.5 23.1 21.0 17.9 15.5 14.4 14.8 13.9 13.9
SG&A Expenses 332.2 294.7 335.6 359.4 325.5 340.1 337.6 292.7 264.4 229.8 195.8 162.5 146.9 145.3 112.3 102.7 96.2 99.3 83.1 63.2 49.4 58.7 56.7 29.8 0 10.4 26.6
Other Expenses 2.2 431.8 70.5 62.5 9.6 8.5 (8.4) 0.2 (8.7) (3.8) 0.5 1.3 0 0 1.0 0.8 0.8 0.7 0.5 0.7 0.0 2.5 0.8 1.0 0 14.5 2.5
Operating Expenses 472.5 909.7 559.3 581.2 459.6 448.8 456.1 408.3 358.4 324.2 286.6 244.6 220.9 225.9 160.9 149.0 142.6 138.7 112.2 87.0 70.4 79.0 73.0 45.2 14.8 38.8 43.0
Operating Income
Operating Income 190.8 (270.5) 44.7 (28.5) 24.9 37.2 27.1 59.4 68.2 68.2 46.7 46.4 56.8 32.9 50.9 46.3 45.8 47.4 52.4 47.7 45.7 19.2 5.7 29.0 22.4 19.4 25.6
Interest Expense 68.0 55.6 39.9 35.8 18.0 17.3 20.6 15.9 12.1 10.6 8.1 6.0 5.8 5.9 0.2 0.1 1.0 1.5 0 0 0 0 0 0 0 0 0
Interest Income 7.9 9.8 8.8 1.7 0.4 1.7 2.8 2.0 1.0 0.6 0.2 0.1 0.1 0.1 0.2 0.1 0.6 0.5 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 286.0 253.7 178.7 99.0 83.7 103.9 99.1 134.4 130.1 132.1 101.2 92.9 99 65.2 68.5 62.2 62.1 60.6 52.4 47.7 45.7 19.2 10.2 33.4 48.8 21.6 28.1
EBIT 199.8 180.4 112.0 33.4 32.3 42.8 34.2 71.4 69.0 69.9 50.6 49.5 56.8 32.9 51.5 45.0 46.6 47.7 52.4 49.1 45.7 19.2 5.7 29.0 48.8 19.4 25.6
Income Before Tax 131.8 (311.6) 17.6 (55.6) 7.1 21.6 10.6 44.6 54.2 50.9 37.0 39.2 45.3 13.3 51.3 46.2 45.7 46.2 51.6 49.0 46.6 19.6 3.5 24.8 14.4 8.2 23.4
Income Tax Expense 16.8 (28.4) 15.8 (10.2) 1.4 13.9 (1.3) (0.2) (11.7) 9.4 11.3 10.9 14.9 6.7 18.0 16.4 17.2 16.3 19.8 18.5 13.3 6.9 3.9 9.2 5.5 3.1 0.7
Net Income 115.0 (283.2) 1.8 (45.4) 5.7 7.7 11.9 44.8 65.9 41.5 25.6 28.3 30.5 6.6 33.2 29.8 28.4 29.9 31.7 30.5 33.3 12.6 (0.5) 15.6 8.9 5.1 24.9
Per Share Data
EPS (Basic) 2.41 -5.60 0.03 -0.88 0.12 0.16 0.25 0.95 1.41 0.90 0.56 0.63 0.68 0.15 0.76 0.69 0.67 0.70 0.73 0.70 0.78 0.30 -0.01 0.37 0.21 0.13 0.59
EPS (Diluted) 2.37 -5.60 0.03 -0.88 0.12 0.16 0.25 0.93 1.38 0.88 0.55 0.62 0.67 0.15 0.75 0.68 0.65 0.68 0.71 0.68 0.72 0.27 -0.01 0.37 0.21 0.13 0.54
Shares Outstanding 47.7 50.6 52.5 51.6 47.4 48.2 47.7 47.2 46.7 46.1 45.6 45.2 44.7 44.1 43.5 43.1 42.8 43.0 43.6 43.3 42.6 42.5 42.4 42.4 41.5 40.3 42.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2000 1999
Current Assets
Cash & Cash Equivalents 759.0 67.6 31.3 31.7 55.1 35.8 31.8 30.9 29.8 16.9 22.8 16.4 42.1 6.7 18.7 1.7 4.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 81.8 83.5 102.2 103.1 103.7 95.7 89.4 88.3 97.2 88.9 50.2 52.6 19.6 14.5 13.1 0 0
Inventory 0 0 0 0 0 0 0 419.0 610.3 353.8 0 29.5 0.5 1.8 2.1 0 0
Other Current Assets 89.3 825.1 796.3 783.9 596.6 609.2 545.5 419.0 610.3 402.1 18.6 19.2 0.9 2.7 1.3 0 0
Total Current Assets 930.1 976.3 929.8 918.6 851.0 819.1 734.5 598.0 794.1 507.9 109.7 105.4 64.1 25.7 35.2 1.7 4.6
Non-Current Assets
Property, Plant & Equipment 89.7 118.5 135.6 153.3 165.3 127.8 139.9 40.0 42.2 50.3 22.5 21.4 7.2 6.6 6.7 0 0
Goodwill 1,056.8 1,052.5 1,053.7 1,050.3 1,076.5 635.9 634.1 545.2 530.2 438.2 73.9 73.6 0 0 0 0 0
Intangible Assets 262.5 281.2 742.1 776.2 795.3 389.3 419.2 366.7 368.7 291.3 42.0 48.2 1.7 1.4 0.9 0 0
Long-Term Investments 0 9.3 16.2 31.9 7.2 0 0 2.3 1.1 0.2 0 0 0 0 0 0 0
Other Non-Current Assets 51.6 58.0 34.8 94.3 77.3 72.6 65.2 65.4 24.1 22.5 0.5 0.5 0.3 0.3 1.3 0 0
Total Non-Current Assets 1,460.6 1,519.4 1,982.5 2,074.1 2,114.4 1,225.7 1,258.4 1,017.3 965.3 802.3 194.5 208.5 96.7 95.2 97.7 0 0
Total Assets 2,390.7 2,495.7 2,912.3 2,992.7 2,965.4 2,044.7 1,993.0 1,615.3 1,759.4 1,310.2 304.2 313.9 160.8 121.0 132.9 136.6 142.6
Current Liabilities
Account Payables 27.3 50.8 25.2 42.6 22.1 27.8 47.7 34.5 24.7 23.3 10.7 7.0 2.7 2.6 2.1 0 0
Short-Term Debt 22.7 23.9 26.0 18.8 18.7 12.8 7.5 7.5 8.6 4.4 1.3 60.4 0.0 0.1 5.3 0 0
Deferred Revenue 369.0 359.5 392.5 382.4 374.5 312.2 314.3 296.0 276.5 244.5 129.4 113.8 52.3 43.7 39.0 0 0
Other Current Liabilities 763.1 817.9 753.5 700.9 594.3 608.3 546.0 420.7 611.9 375.9 23.2 22.8 11.6 0 0 0 0
Total Current Liabilities 1,182.1 1,252.1 1,197.1 1,230.6 1,109.6 1,013.4 988.8 805.7 976.0 680.1 180.2 215.4 71.0 56.1 54.2 0 0
Non-Current Liabilities
Long-Term Debt 1,091.6 1,051.1 760.4 840.2 937.5 518.2 459.6 379.6 429.6 338.0 0 1.3 0 5.0 45.2 0 0
Deferred Tax Liabilities 22.0 9.5 93.3 125.8 142.2 54.1 44.6 44.3 37.6 29.6 0 (5.8) 0 0 0 0 0
Other Non-Current Liabilities 2.5 4.8 10.3 4.3 1.3 10.9 5.7 9.4 5.6 8.5 1.7 0.7 0 0 0 0 0
Total Non-Current Liabilities 1,123.5 1,101.6 906.4 1,018.0 1,138.7 605.2 607.4 435.9 476.5 382.5 7.9 8.0 0.7 5.0 45.2 0 0
Total Liabilities 2,305.6 2,353.7 2,103.6 2,248.7 2,248.3 1,618.6 1,596.2 1,241.5 1,452.5 1,062.7 188.1 223.4 71.0 61.1 99.4 137.4 148.5
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0 0 0.7 0
Retained Earnings 15.5 (84.3) 198.9 197.0 242.5 236.7 234.9 246.5 195.6 152.7 115.9 105.1 35.2 22.5 23 0 0
Accumulated Other Comprehensive Income (5.9) (4.9) (1.7) 8.9 6.5 (2.5) (5.3) (5.1) (0.6) (0.5) (0.2) (0.9) (0.7) (4.3) (0.2) 0 0
Total Stockholders' Equity 85.1 142.0 808.7 744.0 717.1 426.1 396.8 373.8 306.9 247.5 116.1 90.5 89.8 59.9 33.5 (0.8) (5.8)
Total Liabilities & Equity 2,390.7 2,495.7 2,912.3 2,992.7 2,965.4 2,044.7 1,993.0 1,615.3 1,759.4 1,310.2 304.2 313.9 160.8 121.0 132.9 136.6 142.6
Debt Metrics
Total Debt 1,118.9 1,109.2 826.5 904.0 1,009.6 548.4 562.7 387.1 438.2 342.4 1.3 61.9 0.0 5.2 50.5 0 0
Net Debt 359.9 1,041.5 795.2 872.3 954.4 512.6 530.9 356.3 408.4 325.5 (21.5) 45.6 (42.1) (1.5) 31.8 (1.7) (4.6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 1999
Operating Activities
Net Income 115.0 (283.2) 1.8 (45.4) 5.7 7.7 11.9 44.8 65.9 41.5 33.3 12.6 (0.5) 15.6 24.9
Depreciation & Amortization 86.2 121.7 109.5 102.4 82.4 92.7 85.7 79.6 73.9 70.5 2.7 2.7 4.5 4.4 2.5
Stock-Based Compensation 92.9 105.0 127.8 110.3 120.4 87.3 58.6 48.3 40.6 32.6 0.6 16.6 0 0 0
Change in Working Capital (30.0) 20.5 (26.4) 49.2 (15.9) (65.6) 15.5 23.6 (2.9) 2.1 (3.3) 9.4 4.6 3.4 0
Other Non-Cash Items 1.7 417.0 11.3 14.1 23.5 17.0 14.4 5.7 13.0 3.8 9.4 1.5 25.8 0 (27.4)
Operating Cash Flow 265.6 296.0 199.6 203.9 213.7 148.0 182.5 201.4 176.3 153.6 51.8 43.5 36.6 32.5 0
Investing Activities
Capital Expenditure (7.8) (7.4) (64.1) (71.1) (52.2) (71.8) (58.4) (52.3) (38.6) (44.1) (4.2) (3.0) (2.7) (1.5) 0
Acquisitions 0 0 (0.0) (14.5) (419.1) 0 (109.4) (44.9) (146.8) (3.4) (1.0) (0.2) (1.1) (0.5) 0
Purchases of Investments 0 0 0 0 0 0 0 0 (0.6) 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 1.0 0 0 0 0 0 0
Other Investing Activities (67.2) (66.0) (59.7) (58.8) (40.5) (42.2) (46.4) (0.5) (27.9) (26.4) (1.0) (0.2) 0 0 0
Investing Cash Flow (74.9) (73.4) (64.4) (85.5) (471.3) (71.8) (167.2) (97.8) (184.9) (47.4) (5.2) (3.2) (3.7) (2.0) 0
Financing Activities
Net Debt Issuance 34.7 290.2 (81.4) (99.7) 429.2 0.9 79.5 (51.6) 95.4 (66.4) (0.0) (5.1) (45.3) (20.5) 0
Stock Repurchased (217.2) (474.9) (18.8) (36.4) (108.4) (41.0) 0 (27.7) (24.0) (15.4) (60.9) 0 0 0 0
Dividends Paid 0 0 0 0 0 (6.0) (23.6) (23.3) (23.1) (22.8) (8.5) 0 0 0 0
Other Financing Activities (65.0) (11.6) (42.7) 110.4 (56.7) 35.3 55.3 (217.0) 206.3 80.6 0 (0.2) 0 0 0
Financing Cash Flow (247.4) (139.4) (143.0) (25.7) 264.1 (10.7) 111.2 (291.9) 278.6 (104.5) (65.8) (4.6) (45.1) (20.5) 0
Cash Position
Net Change in Cash (50.5) 81.3 (5.7) 82.2 6.8 67.7 127.4 (190.3) 269.5 1.5 (19.5) 35.4 (12.0) 10.0 0
Cash at Beginning 809.5 728.3 733.9 651.8 645.0 577.3 449.8 640.2 370.7 15.4 42.1 6.7 18.7 8.7 0
Cash at End 759.0 809.5 728.3 733.9 651.8 645.0 577.3 449.8 640.2 16.9 22.7 42.1 6.7 18.7 0
Free Cash Flow 257.8 288.5 135.5 132.8 161.5 76.1 124.1 149.0 137.7 109.6 47.7 40.5 33.9 31.0 0
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 1,128.4 1,155.5 1,105.4 1,058.1 927.7 913.2 900.4 848.6 788.3 730.8 637.9 564.4 503.8 447.4 370.9 327.1 309.3 302.5 257.0 192.0 166.3 138.7 118.1 105.2 90.0 83.6 92.5
Gross Profit 663.3 639.2 604.0 552.7 484.5 486.1 483.2 467.8 426.6 392.4 333.3 291.0 272.0 245.0 213.7 195.3 188.4 186.1 164.6 134.7 116.2 98.2 78.7 74.2 63.6 58.2 68.5
Operating Income 190.8 (270.5) 44.7 (28.5) 24.9 37.2 27.1 59.4 68.2 68.2 46.7 46.4 56.8 32.9 50.9 46.3 45.8 47.4 52.4 47.7 45.7 19.2 5.7 29.0 22.4 19.4 25.6
Net Income 115.0 (283.2) 1.8 (45.4) 5.7 7.7 11.9 44.8 65.9 41.5 25.6 28.3 30.5 6.6 33.2 29.8 28.4 29.9 31.7 30.5 33.3 12.6 (0.5) 15.6 8.9 5.1 24.9
EPS (Diluted) 2.37 -5.60 0.03 -0.88 0.12 0.16 0.25 0.93 1.38 0.88 0.55 0.62 0.67 0.15 0.75 0.68 0.65 0.68 0.71 0.68 0.72 0.27 -0.01 0.37 0.21 0.13 0.54
Balance Sheet
Cash & Equivalents 759.0 67.6 31.3 31.7 55.1 35.8 31.8 30.9 29.8 16.9 22.8 16.4 42.1 6.7 18.7 1.7 4.6
Total Assets 2,390.7 2,495.7 2,912.3 2,992.7 2,965.4 2,044.7 1,993.0 1,615.3 1,759.4 1,310.2 304.2 313.9 160.8 121.0 132.9 136.6 142.6
Total Debt 1,118.9 1,109.2 826.5 904.0 1,009.6 548.4 562.7 387.1 438.2 342.4 1.3 61.9 0.0 5.2 50.5 0 0
Stockholders' Equity 85.1 142.0 808.7 744.0 717.1 426.1 396.8 373.8 306.9 247.5 116.1 90.5 89.8 59.9 33.5 (0.8) (5.8)
Cash Flow
Operating Cash Flow 265.6 296.0 199.6 203.9 213.7 148.0 182.5 201.4 176.3 153.6 51.8 43.5 36.6 32.5 0
Capital Expenditure (7.8) (7.4) (64.1) (71.1) (52.2) (71.8) (58.4) (52.3) (38.6) (44.1) (4.2) (3.0) (2.7) (1.5) 0
Free Cash Flow 257.8 288.5 135.5 132.8 161.5 76.1 124.1 149.0 137.7 109.6 47.7 40.5 33.9 31.0 0