SequelSEC

BLACKBAUD INC BLKB

Services-Prepackaged Software · CIK 0001280058 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$292.64M
Fiscal year ended 2026-09-30
Operating income
$59.95M
Fiscal year ended 2026-09-30
Free cash flow
$138.53M
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$1.71BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$37.21Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income14.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue1.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity20.1×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

14.9× earnings today, against a median of 199.1× across 8 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$1.71B14.9×
2023-06-30$2.29B759.5×
2021-06-30$2.87B503.0×
2020-06-30$2.46B318.6×
2019-06-30$3.58B300.5×
2018-06-30$4.38B97.7×
2017-06-30$2.73B37.0×
2016-06-30$3.14B69.2×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Long-term debt / equity12.78x98th
Operating margin16.9%85th
R&D / revenue12.2%18th
Net margin10.2%78th
Revenue YoY growth-2.3%23th
Current ratio0.79x25th
FCF margin22.8%70th
Gross margin58.8%31th
Effective tax rate12.8%33th
SBC / revenue8.2%38th
CapEx / revenue0.7%43th

BLACKBAUD INC (BLKB) reported revenue of $292.64M and net income of $46.07M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BLACKBAUD INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

BLACKBAUD INC income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Revenue$292.64M$290.60M$281.14M$295.26M$281.14MUnavailableUnavailableUnavailable$286.60MUnavailable
Cost of revenue$114.85M$112.43M$114.58M$122.97M$113.65MUnavailableUnavailableUnavailable$129.29MUnavailable
Gross profit$177.79M$178.16M$166.56M$172.28M$167.49MUnavailableUnavailableUnavailable$157.31MUnavailable
Operating income$59.95M$62.02M$51.44M$59.14M$54.57MUnavailableUnavailableUnavailable$41.15MUnavailable
Net income$46.07M$35.36M$31.14M$36.69M$47.49MUnavailableUnavailableUnavailable$18.29MUnavailable
Research & development$36.21M$34.86M$36.92M$33.78M$37.20MUnavailableUnavailableUnavailable$37.92MUnavailable
Weighted-average diluted sharesshares 44.96Mshares 44.88Mshares 46.35MUnavailableshares 48.50MUnavailableUnavailableUnavailableshares 51.63MUnavailable
Pretax income$46.44M$46.42M$37.80M$45.83M$41.04MUnavailableUnavailableUnavailable$30.00MUnavailable
Income tax expense$371.00K$11.06M$6.67M$9.14M-$6.45MUnavailableUnavailableUnavailable$11.71MUnavailable
Diluted EPS$1.02$0.79$0.67Unavailable$0.98UnavailableUnavailableUnavailable$0.35Unavailable
Selling, general & administrative$81.05M$80.70M$77.61M$78.80M$75.15MUnavailableUnavailableUnavailable$77.33MUnavailable
General & administrative$34.83M$34.45M$30.26M$34.03M$31.04MUnavailableUnavailableUnavailable$27.52MUnavailable
Selling & marketing$46.22M$46.26M$47.35M$44.77M$44.10MUnavailableUnavailableUnavailable$49.81MUnavailable

Balance

BLACKBAUD INC balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash & equivalents$35.73M$34.39M$34.10M$38.91M$38.26MUnavailableUnavailable$67.63M$34.63MUnavailable
Total assets$2.11B$2.59B$2.11B$2.39B$2.10BUnavailableUnavailable$2.50B$2.60BUnavailable
Current assets$630.10M$1.12B$642.22M$930.09M$638.84MUnavailableUnavailable$976.59M$655.80MUnavailable
Total liabilities$1.99B$2.53B$2.07B$2.31B$2.00BUnavailableUnavailable$2.37B$2.06BUnavailable
Current liabilities$923.80M$1.35B$866.68M$1.18B$929.38MUnavailableUnavailable$1.25B$962.00MUnavailable
Total equity incl. NCI$119.48M$67.03M$34.55M$85.05M$108.19MUnavailableUnavailable$126.84M$544.77MUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$76.21M$134.89M$75.69M$80.52M$82.56MUnavailableUnavailable$83.54M$97.99MUnavailable
Goodwill$1.06B$1.06B$1.06B$1.06B$1.06BUnavailableUnavailable$1.05B$1.06BUnavailable
Long-term debt$1.02B$1.13B$1.16B$1.09B$1.04BUnavailableUnavailable$1.05B$977.02MUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

BLACKBAUD INC cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Operating cash flow$141.73M$91.05M$51.46M$58.01M$139.21MUnavailableUnavailableUnavailable$103.99MUnavailable
Capital expenditures$3.20M$2.45M$1.67M$2.96M$3.49MUnavailableUnavailableUnavailable$1.14MUnavailable
Investing cash flow-$15.71M-$24.45M-$14.47M-$17.63M-$15.98MUnavailableUnavailableUnavailable-$15.62MUnavailable
Financing cash flow-$542.84M$361.86M-$342.77M$260.67M-$576.17MUnavailableUnavailableUnavailable-$460.77MUnavailable
Net change in cash-$417.11M$428.24M-$306.21M$301.54M-$454.37MUnavailableUnavailableUnavailable-$368.38MUnavailable
Stock-based compensation$21.10M$22.71M$23.88M$21.83M$21.66MUnavailableUnavailableUnavailable$21.13MUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$18.30M$29.53M$82.10M$83.81M$30.13MUnavailableUnavailableUnavailable$62.81MUnavailable
Depreciation & amortization$21.30M$20.74M$20.55M$21.56M$21.31MUnavailableUnavailableUnavailable$31.06MUnavailable

Derived

BLACKBAUD INC derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Free cash flow$138.53M$88.60M$49.79M$55.05M$135.72MUnavailableUnavailableUnavailable$102.85MUnavailable
Gross margin60.8%61.3%59.2%58.4%59.6%UnavailableUnavailableUnavailable54.9%Unavailable
Operating margin20.5%21.3%18.3%20.0%19.4%UnavailableUnavailableUnavailable14.4%Unavailable
FCF margin47.3%30.5%17.7%18.6%48.3%UnavailableUnavailableUnavailable35.9%Unavailable
SBC / revenue7.2%7.8%8.5%7.4%7.7%UnavailableUnavailableUnavailable7.4%Unavailable
Current ratio0.68x0.83x0.74x0.79x0.69xUnavailableUnavailable0.78x0.68xUnavailable
Revenue YoY growth4.1%UnavailableUnavailableUnavailable-1.9%UnavailableUnavailableUnavailable3.2%Unavailable
Net margin15.7%UnavailableUnavailable12.4%16.9%UnavailableUnavailableUnavailable6.4%Unavailable
R&D / revenue12.4%12.0%13.1%11.4%13.2%UnavailableUnavailableUnavailable13.2%Unavailable
CapEx / revenue1.1%0.8%0.6%1.0%1.2%UnavailableUnavailableUnavailable0.4%Unavailable
Long-term debt / equity8.55xUnavailableUnavailable12.78xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate0.8%23.8%17.6%20.0%-15.7%UnavailableUnavailableUnavailable39.0%Unavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BLKB in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-28View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-07-30View SEC filing

Companies in the same industry

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Reconciliation checks needing review

8 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2025-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-06-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2024-03-31

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.