Blackbaud, Inc. (BLKB)

From the record

Blackbaud, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2021-10-14) (its current reports).

From the record

Blackbaud, Inc.'s 9 filed years say what it did: revenue went from $788 million in fiscal 2017 to $1.1 billion in fiscal 2025, up 4.6% a year; it rose in 7 of 8 years; the deepest fall was 2% from fiscal 2024 to fiscal 2025; net income was positive in 7 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Blackbaud, Inc.'s diluted share count shrank about 2.0% a year, and dividends and buybacks returned about 86% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 16 sales (4 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Blackbaud, Inc. earned about 135 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns. Leverage: it owed about 96 cents per dollar of assets, and net share issuance: its share count shrank 4.1% over the year (the filed statements).

From the record

Blackbaud, Inc.'s standing among 218 graded names in its industry family: revenue of $1.1 billion in fiscal 2025 ranks in the top 27% by size; a net margin of 10.2% ranks in the top 26%; revenue growth of 2.2% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

From the record

Blackbaud, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Gianoni, Michael P (President and CEO, as filed), filing under that title since 2014-01-16, 12.8 years (top 6% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (bottom 40%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 39%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Blackbaud, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $39 million against debt of $1.1 billion leaves -43.8% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 22.8% of revenue (top 29%); a gross margin of 58.8% (bottom 34%); research spending of 12.2% of revenue (bottom 22%) (its annual report).

From the record

Blackbaud, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.2% a year over the last three filed years against 4.6% over all 9, slowing (top 42% of its family); the newest year grew -2.3% (bottom 15%); research spending grew -4.2% a year (bottom 23%); capital spending grew -14.2% a year (bottom 34%) (its annual reports). Blackbaud, Inc. reported 3 product lines in fiscal 2025: Contractual Recurring at $722 million (64%), Transactional Recurring at $384 million (34%), One Time Services and Other at $22 million (2%); 1 of 3 grew against the year before (its annual report).

From the record

Blackbaud, Inc.'s newest year against its own record: revenue of $1.1 billion in fiscal 2025 came in 6.4% below the $1.2 billion its prior three years' pace pointed to (bottom 26% of its family); net income of $115 million against a prior three-year average of $114 million (top 10%); a net margin of 10.2% against -10% before (top 29%) (its annual reports).