Blackbaud, Inc.
Description
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; education solutions, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect, and EVERFI; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as Data Health, Insights, and Performance solutions and services. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.
About
CEO
Mr. Michael P. Gianoni
Employees
3,000
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNGS
Address
65 Fairchild Street, Charleston, SC 29492, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 11, 2025 | 1.06 | — | — | — |
| Oct 30, 2024 | 1.07 | 0.99 | -0.08 | -7.48% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 5 |
| Average estimate | — | 1.05 | — | 4.67 |
| Low estimate | — | 0.96 | — | 4.49 |
| High estimate | — | 1.28 | — | 5.25 |
| Last year EPS | — | 0.93 | — | 4.06 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-6.490%
Next qtr. (Mar 2025)
12.470%
Current year
2.060%
Next year (Dec 2025)
14.970%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.11B | 1.06B | 927.74M | 913.22M | 900.42M |
| Cost of revenue | 502.19M | 505.39M | 443.20M | 428.07M | 418.42M |
| Gross profit | 603.24M | 552.72M | 484.55M | 485.15M | 482.00M |
| Operating expense | |||||
| Research & development | 153.30M | 156.91M | 124.57M | 100.15M | 106.16M |
| Selling general and admin | 402.10M | 421.36M | 332.58M | 344.61M | 337.57M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 44.71M | -28.49M | 25.17M | 37.48M | 32.95M |
| Non operating interest income | |||||
| Income | 8.82M | 1.75M | 392,000 | 1.66M | 2.80M |
| Expense | 39.92M | 35.80M | 18.00M | 17.29M | 20.62M |
| Other income expense | 4.04M | 6.97M | -475,000 | -238,000 | -4.55M |
| Pretax income | 17.64M | -55.58M | 7.08M | 21.61M | 10.59M |
| Tax provision | 15.82M | -10.17M | 1.39M | 13.90M | -1.32M |
| Net income | 1.82M | -45.41M | 5.70M | 7.72M | 11.91M |
| Basic EPS | 0.03 | -0.88 | 0.12 | 0.16 | 0.25 |
| Diluted EPS | 0.03 | -0.88 | 0.12 | 0.16 | 0.25 |
| Basic average shares | 52.55M | 51.57M | 47.41M | 48.18M | 47.70M |
| Diluted average shares | 52.55M | 51.57M | 47.41M | 48.18M | 47.70M |
| EBITDA | 167.09M | 77.96M | 109.40M | 132.94M | 122.70M |
| Net income from continuing op. | 1.82M | -45.41M | 5.70M | 7.72M | 11.91M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.91B | 2.99B | 2.97B | 2.04B | 1.99B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 31.25M | 31.69M | 55.15M | 35.75M | 31.81M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 102.22M | 103.06M | 103.70M | 95.73M | 89.39M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 95.51M | 78.37M | 67.85M |
| Restricted cash | 697.01M | 702.24M | 596.62M | 609.22M | 545.49M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 99.29M | 81.65M | 95.51M | 78.37M | 67.85M |
| Non current assets | |||||
| Properties | 39.57M | 48.21M | 56.20M | 25.54M | 108.91M |
| Land and improvements | 9.55M | 9.55M | 9.55M | 9.55M | — |
| Machinery furniture equipment | 75.23M | 71.45M | 71.77M | 82.11M | 110.59M |
| Construction in progress | 1.61M | 3.50M | 2.14M | 3.44M | 213,000 |
| Leases | 10.35M | 11.82M | 12.09M | 6.04M | 24.30M |
| Accumulated depreciation | -73.70M | -63.36M | -58.59M | -70.06M | -104.07M |
| Goodwill | 2.85B | 2.88B | 2.94B | 1.66B | 1.69B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 742.13M | 776.16M | 819.43M | 389.33M | 419.20M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 51.04M | 94.30M | 77.27M | 72.64M | 65.19M |
| Total liabilities | 2.10B | 2.25B | 2.25B | 1.62B | 1.60B |
| Current liabilities | |||||
| Accounts payable | 721.03M | 743.42M | 616.34M | 636.10M | 593.69M |
| Accrued expenses | 64.32M | 86.00M | 100.10M | 52.23M | 73.32M |
| Short term debt | 19.26M | 18.80M | 18.70M | 12.84M | 7.50M |
| Deferred revenue | 392.53M | 382.42M | 374.50M | 312.24M | 314.34M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 800.49M | 885.16M | 990.87M | 535.55M | 555.22M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 93.29M | 125.76M | 148.47M | 54.09M | 44.59M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 10.26M | 4.29M | 1.34M | 10.87M | 5.74M |
| Shareholders equity | |||||
| Common stock | 69,000 | 68,000 | 66,000 | 61,000 | 60,000 |
| Retained earnings | 198.87M | 197.05M | 242.46M | 236.71M | 234.86M |
| Other shareholders equity | -1.69M | 8.94M | 6.52M | -2.50M | -5.29M |
| Total shareholders equity | 808.71M | 744.03M | 717.06M | 426.15M | 396.76M |
| Additional paid in capital | 1.20B | 1.08B | 968.93M | 544.96M | 457.80M |
| Treasury stock | 591.56M | 537.29M | 500.91M | 353.09M | 290.67M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 1999 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1.82M | -45.41M | 5.70M | 7.72M | 11.91M | 44.84M | 73.63M | 45.40M | 25.65M | 28.29M | 30.47M | 6.58M | 33.22M | 29.19M | 28.45M | 29.88M | 31.72M | 30.51M | 33.30M | 12.64M | -478,000 | 15.64M | — |
| Depreciation | 109.49M | 102.37M | 82.41M | 92.74M | 85.69M | 79.57M | 73.95M | 70.49M | 56.00M | 45.42M | 43.16M | 32.24M | 17.00M | 16.19M | 15.51M | 12.87M | 8.15M | 3.76M | 2.73M | 2.71M | 4.49M | 4.43M | 2.51M |
| Deferred Taxes | -24.37M | -26.64M | -2.43M | 8.84M | -3.60M | -619,000 | -17.81M | 5.42M | 3.17M | 3.05M | 13.87M | 7.59M | 13.53M | 11.31M | 12.35M | 6.41M | 12.49M | 12.17M | 9.01M | 701,000 | 2.18M | 9.01M | — |
| Stock-Based Compensation | 127.76M | 110.29M | 120.38M | 87.26M | 58.63M | 48.27M | 40.63M | 32.64M | 25.25M | 17.35M | 16.91M | 19.24M | 14.88M | 13.06M | 12.29M | 12.09M | — | — | — | — | — | — | — |
| Other Non-Cash Items | 6.80M | 8.04M | 12.06M | 3.74M | 5.66M | -1.16M | 1.34M | 94,000 | 702,000 | 1.90M | 1.87M | 385,000 | -878,000 | -22,000 | 3.57M | 4.29M | 4.11M | 9.07M | — | — | — | — | — |
| Accounts Receivable | -3.24M | -7.34M | -6.53M | -18.41M | -6.57M | 2.17M | -15.82M | -13.01M | -7.59M | -5.75M | 3.16M | -9.40M | -8.69M | -12.78M | 1.38M | -10.19M | -9.75M | -5.24M | -6.83M | -5.09M | -1.08M | -1.84M | — |
| Accounts Payable | -18.58M | 21.61M | -9.67M | -20.00M | 12.90M | 9.49M | 1.02M | 3.69M | 6.13M | 32.56M | 39.58M | -1.36M | 1.71M | 228,000 | -312,000 | 614,000 | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 8.87M | 11.06M | 10.53M | -485,000 | 12.46M | 19.18M | 22.18M | 14.42M | 12.61M | -16.50M | -33.12M | -15.08M | -10.11M | 6.23M | 12.73M | 30.90M | 18.98M | 11.27M | 8.30M | 14.43M | 5.16M | 5.17M | — |
| Operating Cash Flow | 208.56M | 173.98M | 212.45M | 161.39M | 177.09M | 201.74M | 179.13M | 159.14M | 121.91M | 106.31M | 115.92M | 40.20M | 60.67M | 63.41M | 85.96M | 86.85M | 65.70M | 61.54M | 46.52M | 25.39M | 10.27M | 32.40M | 2.51M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -4.69M | -12.29M | -11.66M | -29.69M | -11.49M | -14.72M | -10.21M | -17.69M | -18.63M | -13.91M | -20.09M | -20.56M | -18.22M | -10.76M | -5.53M | -7.69M | -8.12M | -4.65M | -4.16M | -3.04M | -2.67M | -1.49M | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | -1.01M | -130,000 | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -13,000 | -14.49M | -419.12M | — | -109.35M | -44.94M | -146.79M | -3.38M | -107.24M | -188.92M | -876,000 | -280.69M | -23.39M | -5.33M | -2.26M | -49.92M | -84.41M | -6.15M | -1.01M | -166,000 | -1.08M | -500,000 | — |
| Purchase of Investments | — | — | — | — | — | — | -568,000 | — | — | — | — | — | — | -2.00M | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | 1.03M | — | — | — | — | — | — | — | — | 1.58M | — | — | — | — | — | — | — |
| Investing Cash Flow | -4.95M | -26.78M | -430.78M | -29.69M | -120.35M | -60.16M | -156.54M | -21.07M | -125.87M | -202.83M | -20.96M | -301.24M | -40.73M | -18.09M | -7.79M | -56.03M | -92.53M | -10.80M | -5.17M | -3.21M | -3.75M | -1.99M | — |
| Financing Activities | |||||||||||||||||||||||
| Long-Term Debt Issuance | 293.20M | 211.00M | 582.20M | 748.50M | 424.00M | 270.90M | 774.50M | 227.20M | 312.30M | 365.10M | 103.01M | 315.00M | — | 4.00M | — | 86.00M | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -374.60M | -310.74M | -152.97M | -747.56M | -344.50M | -322.48M | -679.12M | -293.58M | -184.48M | -235.59M | -165.60M | -99.50M | -40,000 | -5.34M | -60.43M | -28.07M | — | — | — | — | — | — | — |
| Other Financing Charges | -42.74M | 74.05M | -56.71M | 35.34M | 55.31M | -217.03M | 206.31M | 80.62M | 24.43M | -10.16M | — | -2.36M | 165,000 | 2.67M | 2.41M | 1.45M | 4.51M | 6.04M | — | -162,000 | — | — | — |
| Financing Cash Flow | -142.97M | -25.69M | 264.11M | -10.68M | 111.21M | -291.92M | 278.63M | -8.56M | 129.75M | 97.25M | -84.67M | 191.41M | -21.30M | -40.78M | -75.70M | -958,000 | -20.97M | -7.09M | -65.79M | 512,000 | 232,000 | — | — |
| Other Cash Details | |||||||||||||||||||||||
| End Cash Position | 728.26M | 733.93M | 651.76M | 644.97M | 577.30M | 449.85M | 640.17M | 370.67M | 270.40M | 14.74M | 11.89M | 13.49M | 52.52M | 28.00M | 22.77M | 16.36M | 14.78M | 67.78M | 22.68M | 42.14M | 6.71M | 18.70M | — |
| Income Tax Paid | 35.62M | 9.67M | 10.07M | 3.56M | 383,000 | -7.14M | 5.61M | 1.34M | 4.80M | 9.58M | -4.13M | 3.46M | -4.60M | -9.53M | 2.58M | — | — | — | — | — | — | — | — |
| Interest Paid | 38.05M | 33.37M | 16.39M | 15.72M | 19.93M | 15.26M | 10.61M | 9.61M | 7.21M | 4.89M | 5.11M | 5.10M | 2,000 | -87,000 | 615,000 | — | — | — | — | — | — | — | — |
| Free Cash Flow | 135.51M | 132.83M | 161.51M | 76.11M | 124.11M | 149.04M | 137.74M | 109.58M | 95.11M | 94.44M | 83.96M | 46.89M | 66.30M | 44.98M | 81.26M | 52.62M | 54.74M | 58.30M | 47.69M | 40.51M | 33.92M | 30.98M | — |
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