BLACKBAUD INC

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

BLKB$54.92+0.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Comprehensive (Unaudited)

Blackbaud, Inc.Condensed Consolidated Statements of Comprehensive Income(Unaudited)
	Three months endedMarch 31,
(dollars in thousands, except per share amounts)	2025	2024
Revenue	$270,661	$279,250
Cost of revenue	114,815	126,206
Gross profit	155,846	153,044
Operating expenses
Sales, marketing and customer success	44,644	50,865
Research and development	33,559	42,802
General and administrative	56,679	47,754
Amortization of intangible assets	534	904
Total operating expenses	135,416	142,325
Income from operations	20,430	10,719
Interest expense	(16,945)	(10,276)
Other income, net	2,105	3,347
Income before provision (benefit) for income taxes	5,590	3,790
Income tax provision (benefit)	723	(1,456)
Net income	$4,867	$5,246
Earnings per share
Basic	$0.10	$0.10
Diluted	$0.10	$0.10
Common shares and equivalents outstanding
Basic weighted average shares	48,429,061	52,052,370
Diluted weighted average shares	49,445,079	53,414,495
Other comprehensive (loss) income
Foreign currency translation adjustment	$3,259	$(1,185)
Unrealized (loss) gain on derivative instruments, net of tax	(6,692)	4,095
Total other comprehensive (loss) income	(3,433)	2,910
Comprehensive income	$1,434	$8,156
The accompanying notes are an integral part of these condensed consolidated financial statements.

4	First Quarter 2025 Form 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.