Blackbaud (BLKB) Financials

$61.38 -0.17 (-0.28%)

As of 04:00 PM Eastern

Annual Income Statements for Blackbaud

This table shows Blackbaud's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	26	45	74	45	12	7.72	5.70	-45	1.82	-283
Consolidated Net Income / (Loss)	26	45	74	45	12	7.72	5.70	-45	1.82	-283
Net Income / (Loss) Continuing Operations	26	45	74	45	12	7.72	5.70	-45	1.82	-283
Total Pre-Tax Income	37	57	58	45	11	22	7.08	-56	18	-312
Total Operating Income	47	68	68	59	27	37	25	-28	45	-271
Total Gross Profit	333	392	427	467	482	485	485	553	603	639
Total Revenue	638	732	788	849	900	913	928	1,058	1,105	1,155
Operating Revenue	638	732	788	849	900	913	928	1,058	1,105	1,155
Total Cost of Revenue	305	339	362	382	418	428	443	505	502	516
Operating Cost of Revenue	305	339	362	382	418	428	443	505	502	516
Total Operating Expenses	287	324	358	407	455	448	460	581	559	910
Selling, General & Admin Expense	76	81	95	106	113	135	146	200	190	143
Marketing Expense	124	150	170	193	224	210	186	221	212	197
Research & Development Expense	85	90	90	99	106	100	125	157	153	161
Amortization Expense	2.23	2.84	3.27	4.84	5.32	2.92	2.23	2.93	3.14	3.54
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	405
Total Other Income / (Expense), net	-9.76	-11	-9.84	-15	-17	-16	-18	-27	-27	-41
Interest Expense	8.07	11	12	16	21	17	18	36	40	56
Other Income / (Expense), net	-1.69	-0.29	2.26	1.10	4.06	1.66	0.18	8.71	13	15
Income Tax Expense	11	12	-15	-0.22	-1.32	14	1.39	-10	16	-28
Basic Earnings per Share	$0.56	$0.98	$1.58	$0.95	$0.25	$0.16	$0.12	($0.88)	$0.03	($5.60)
Weighted Average Basic Shares Outstanding	45.62M	46.13M	46.67M	47.21M	47.70M	48.18M	47.41M	51.57M	52.55M	50.56M
Diluted Earnings per Share	$0.55	$0.96	$1.54	$0.93	$0.25	$0.16	$0.12	($0.88)	$0.03	($5.60)
Weighted Average Diluted Shares Outstanding	46.50M	47.32M	47.78M	48.05M	48.31M	48.70M	48.23M	51.57M	53.72M	50.56M
Weighted Average Basic & Diluted Shares Outstanding	45.80M	46.10M	46.60M	47.20M	49.14M	48.38M	51.97M	53.22M	53.48M	49.24M

This table shows Blackbaud's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-10	-21	-15	2.11	9.02	5.40	5.25	22	21	-331
Consolidated Net Income / (Loss)	-10	-21	-15	2.11	9.02	5.40	5.25	22	21	-331
Net Income / (Loss) Continuing Operations	-10	-21	-15	2.11	9.02	5.40	5.25	22	21	-331
Total Pre-Tax Income	-12	-25	-19	-8.10	18	26	3.79	30	33	-378
Total Operating Income	-7.01	-16	-9.95	0.29	22	32	11	42	44	-367
Total Gross Profit	140	139	139	150	156	159	153	163	159	164
Total Revenue	261	275	262	271	278	295	279	287	287	302
Operating Revenue	261	275	262	271	278	295	279	287	287	302
Total Cost of Revenue	121	135	123	121	122	136	126	125	128	138
Operating Cost of Revenue	121	135	123	121	122	136	126	125	128	138
Total Operating Expenses	147	155	149	149	134	127	142	120	115	532
Selling, General & Admin Expense	50	59	53	59	43	35	48	33	26	36
Marketing Expense	56	57	54	53	52	52	51	47	49	50
Research & Development Expense	40	38	41	36	38	39	43	39	39	39
Amortization Expense	0.65	0.66	0.77	0.79	0.79	0.78	0.90	0.90	0.92	0.82
Total Other Income / (Expense), net	-4.88	-9.89	-8.66	-8.39	-3.96	-6.06	-6.93	-12	-11	-11
Interest Expense	9.34	9.89	11	11	9.62	8.47	10	16	14	16
Other Income / (Expense), net	4.45	0.01	2.01	2.78	5.66	2.41	3.35	3.31	3.00	4.90
Income Tax Expense	-1.58	-4.18	-3.90	-10	9.07	21	-1.46	7.88	12	-47
Basic Earnings per Share	($0.20)	($0.41)	($0.28)	$0.04	$0.17	$0.10	$0.10	$0.43	$0.41	($6.54)
Weighted Average Basic Shares Outstanding	51.69M	51.57M	52.13M	52.64M	52.70M	52.55M	52.05M	50.75M	50.41M	50.56M
Diluted Earnings per Share	($0.20)	($0.41)	($0.28)	$0.04	$0.17	$0.10	$0.10	$0.42	$0.40	($6.52)
Weighted Average Diluted Shares Outstanding	51.69M	51.57M	52.13M	53.64M	54.09M	53.72M	53.41M	51.68M	51.63M	50.56M
Weighted Average Basic & Diluted Shares Outstanding	53.10M	53.22M	53.86M	53.85M	53.85M	53.48M	51.63M	51.63M	50.72M	49.24M

This table details how cash moves in and out of Blackbaud's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	115	100	270	-190	127	68	6.79	82	-5.67	81
Net Cash From Operating Activities	129	154	176	201	182	148	214	204	200	296
Net Cash From Continuing Operating Activities	129	154	176	201	182	148	214	204	200	296
Net Income / (Loss) Continuing Operations	26	45	74	45	12	7.72	5.70	-45	1.82	-283
Consolidated Net Income / (Loss)	26	45	74	45	12	7.72	5.70	-45	1.82	-283
Depreciation Expense	56	70	74	80	86	93	82	102	109	122
Amortization Expense	0.90	0.96	0.84	0.75	0.75	0.78	1.57	2.36	1.78	2.54
Non-Cash Adjustments To Reconcile Net Income	34	36	53	53	72	103	142	122	137	519
Changes in Operating Assets and Liabilities, net	13	1.27	-25	23	12	-57	-18	23	-51	-64
Net Cash From Investing Activities	-141	-47	-185	-98	-167	-72	-471	-86	-64	-73
Net Cash From Continuing Investing Activities	-141	-47	-185	-98	-167	-72	-471	-86	-64	-73
Purchase of Property, Plant & Equipment	-34	-44	-39	-52	-58	-72	-52	-71	-64	-67
Acquisitions	-107	-3.38	-147	-45	-109	0.00	-419	-21	-0.01	0.00
Divestitures	-0.52	-	-	-	-	0.00	0.00	6.43	0.00	-1.18
Other Investing Activities, net	-	0.00	0.00	-0.50	0.50	-	0.00	0.00	-0.25	-5.03
Net Cash From Financing Activities	130	-8.55	279	-292	111	-11	264	-26	-143	-139
Net Cash From Continuing Financing Activities	130	-8.55	279	-292	111	-11	264	-26	-143	-139
Repayment of Debt	-151	-198	-455	-511	-345	-752	-156	-311	-375	-1,151
Repurchase of Common Equity	-	-	-	0.00	0.00	-41	-108	-1.34	-19	-418
Issuance of Debt	312	227	775	271	424	749	582	211	293	1,441
Other Financing Activities, net	-9.39	-15	-17	-29	55	40	-54	75	-43	-12
Effect of Exchange Rate Changes	-2.70	2.62	-0.55	-2.01	0.98	2.25	0.30	-10	2.05	-1.95
Cash Interest Paid	7.21	9.61	11	15	20	16	16	33	38	52
Cash Income Taxes Paid	-4.80	-1.34	-5.61	-7.14	0.38	3.56	10	9.67	36	61

This table details how cash moves in and out of Blackbaud's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-103	359	-346	402	-400	338	-345	448	-368	347
Net Cash From Operating Activities	108	14	22	53	128	-3.35	65	54	104	74
Net Cash From Continuing Operating Activities	108	14	22	53	128	-3.35	65	54	104	74
Net Income / (Loss) Continuing Operations	-10	-21	-15	2.11	9.02	5.40	5.25	22	21	-331
Consolidated Net Income / (Loss)	-10	-21	-15	2.11	9.02	5.40	5.25	22	21	-331
Depreciation Expense	25	26	27	26	28	28	30	30	31	30
Amortization Expense	0.57	0.54	0.50	0.46	0.43	0.39	0.35	0.64	0.80	0.75
Non-Cash Adjustments To Reconcile Net Income	30	28	31	34	40	32	35	27	20	437
Changes in Operating Assets and Liabilities, net	62	-19	-22	-10	50	-69	-6.51	-26	32	-64
Net Cash From Investing Activities	-14	-18	-15	-16	-18	-15	-15	-26	-16	-17
Net Cash From Continuing Investing Activities	-14	-18	-15	-16	-18	-15	-15	-26	-16	-17
Purchase of Property, Plant & Equipment	-19	-18	-15	-16	-17	-15	-13	-21	-16	-17
Acquisitions	-1.93	0.03	0.00	-	-0.01	-	-1.18	-	-	1.18
Net Cash From Financing Activities	-190	359	-353	364	-507	354	-395	420	-461	296
Net Cash From Continuing Financing Activities	-190	359	-353	364	-507	354	-395	420	-461	296
Repayment of Debt	-100	-81	-75	-96	-122	-81	-79	-894	-114	-65
Repurchase of Common Equity	-0.65	-0.13	0.00	-	-	-19	-263	-	-63	-93
Issuance of Debt	14	84	93	65	18	117	340	872	92	138
Other Financing Activities, net	-103	356	-370	395	-403	336	-392	442	-376	315
Effect of Exchange Rate Changes	-6.98	3.75	0.99	1.50	-2.80	2.36	-0.86	0.34	4.05	-5.48

This table presents Blackbaud's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,223	1,310	1,798	1,615	1,993	2,045	2,972	2,993	2,912	2,496
Total Current Assets	399	508	799	598	735	819	851	919	930	976
Cash & Equivalents	15	17	30	31	32	36	55	32	31	68
Restricted Cash	255	354	612	421	546	610	598	702	697	744
Accounts Receivable	80	89	96	87	89	95	103	103	102	84
Prepaid Expenses	49	48	62	60	68	78	96	82	99	81
Plant, Property, & Equipment, net	53	50	42	40	36	105	111	107	99	92
Total Noncurrent Assets	772	752	956	977	1,223	1,120	2,009	1,967	1,884	1,427
Goodwill	436	438	530	545	634	636	1,059	1,050	1,054	1,053
Intangible Assets	314	291	369	367	419	389	819	776	742	281
Other Noncurrent Operating Assets	21	23	57	65	170	95	131	140	88	94
Total Liabilities & Shareholders' Equity	1,223	1,310	1,798	1,615	1,993	2,045	2,972	2,993	2,912	2,496
Total Liabilities	1,013	1,063	1,462	1,242	1,596	1,619	2,255	2,249	2,104	2,354
Total Current Liabilities	566	680	975	806	989	1,013	1,110	1,231	1,197	1,252
Short-Term Debt	4.38	4.38	8.58	7.50	7.50	13	19	19	19	24
Accounts Payable	19	23	25	35	48	28	22	43	25	51
Accrued Expenses	57	54	54	47	73	52	100	86	64	76
Current Deferred Revenue	230	245	275	296	314	312	374	382	393	360
Other Current Liabilities	255	354	612	421	546	608	594	701	696	742
Total Noncurrent Liabilities	446	383	487	436	607	605	1,145	1,018	906	1,102
Long-Term Debt	404	338	430	380	460	518	937	840	760	1,051
Noncurrent Deferred Revenue	7.12	6.44	3.64	2.56	1.80	4.68	4.25	2.82	2.40	2.02
Noncurrent Deferred & Payable Income Tax Liabilities	28	30	48	44	45	54	148	126	93	9.52
Other Noncurrent Operating Liabilities	7.62	8.53	5.63	9.39	101	28	55	49	50	39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	211	248	336	374	397	426	717	744	809	142
Total Preferred & Common Equity	211	248	336	374	397	426	717	744	809	142
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	211	248	336	374	397	426	717	744	809	142
Common Stock	276	311	351	399	458	545	969	1,075	1,203	1,292
Retained Earnings	135	153	225	246	235	237	242	197	199	-84
Treasury Stock	-200	-215	-239	-267	-291	-353	-501	-537	-592	-1,060
Accumulated Other Comprehensive Income / (Loss)	-0.83	-0.46	-0.64	-5.11	-5.29	-2.50	6.52	8.94	-1.69	-4.87

This table presents Blackbaud's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,627	2,639	3,093	2,603	2,549	3,043	2,601
Total Current Assets	548	579	1,045	579	577	1,079	656
Cash & Equivalents	31	24	29	31	26	30	35
Restricted Cash	346	366	765	363	360	804	435
Accounts Receivable	87	100	169	103	96	153	98
Prepaid Expenses	84	89	82	82	95	92	87
Plant, Property, & Equipment, net	109	105	105	101	96	98	95
Total Noncurrent Assets	1,970	1,955	1,944	1,923	1,876	1,866	1,850
Goodwill	1,047	1,052	1,053	1,051	1,053	1,053	1,057
Intangible Assets	780	768	761	750	727	715	706
Other Noncurrent Operating Assets	143	135	130	122	95	97	88
Total Liabilities & Shareholders' Equity	2,627	2,639	3,093	2,603	2,549	3,043	2,601
Total Liabilities	1,894	1,920	2,332	1,803	2,015	2,465	2,057
Total Current Liabilities	871	864	1,361	938	863	1,349	962
Short-Term Debt	18	19	19	19	19	24	24
Accounts Payable	36	47	41	39	49	44	44
Accrued Expenses	78	73	103	101	75	52	49
Current Deferred Revenue	394	361	435	416	360	427	412
Other Current Liabilities	344	364	764	362	359	802	434
Total Noncurrent Liabilities	1,023	1,056	971	866	1,152	1,116	1,094
Long-Term Debt	836	859	827	723	1,021	998	977
Noncurrent Deferred Revenue	2.92	6.96	3.52	3.02	6.83	2.32	1.71
Noncurrent Deferred & Payable Income Tax Liabilities	132	131	91	94	82	75	68
Other Noncurrent Operating Liabilities	52	58	48	45	43	41	48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	733	720	761	800	534	577	544
Total Preferred & Common Equity	733	720	761	800	534	577	544
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	733	720	761	800	534	577	544
Common Stock	1,049	1,105	1,139	1,171	1,184	1,209	1,227
Retained Earnings	218	182	184	193	204	226	246
Treasury Stock	-537	-568	-571	-572	-856	-857	-923
Accumulated Other Comprehensive Income / (Loss)	2.72	0.40	8.84	8.14	1.22	0.18	-6.89

This table displays calculated financial ratios and metrics derived from Blackbaud's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.03%	14.69%	7.77%	7.62%	6.11%	1.42%	1.59%	14.05%	4.47%	4.53%
EBITDA Growth	11.52%	36.75%	4.19%	-3.02%	-16.47%	12.55%	-17.63%	-22.10%	98.71%	-178.04%
EBIT Growth	-0.49%	50.88%	3.69%	-14.08%	-48.44%	24.67%	-35.51%	-178.82%	391.15%	-544.63%
NOPAT Growth	-3.01%	66.59%	59.31%	-30.61%	-48.86%	-56.46%	50.68%	-199.52%	123.13%	-4,206.24%
Net Income Growth	-9.34%	77.02%	62.17%	-39.10%	-73.44%	-35.19%	-26.16%	-896.89%	104.01%	-15,658.90%
EPS Growth	-11.29%	74.55%	60.42%	-39.61%	-73.12%	-36.00%	-25.00%	-833.33%	103.41%	-18,766.67%
Operating Cash Flow Growth	10.56%	18.88%	14.75%	14.24%	-9.39%	-18.92%	44.41%	-4.57%	-2.09%	48.26%
Free Cash Flow Firm Growth	94.17%	3,906.30%	-5.74%	-167.70%	146.06%	-123.33%	-5,386.25%	119.12%	-89.56%	1,826.98%
Invested Capital Growth	11.97%	-37.04%	-39.43%	132.91%	-7.52%	9.04%	227.20%	-14.86%	-1.05%	-52.84%
Revenue Q/Q Growth	3.75%	3.28%	2.37%	0.45%	1.88%	0.52%	0.57%	2.61%	1.87%	0.63%
EBITDA Q/Q Growth	5.55%	19.88%	-5.19%	-3.31%	-7.96%	-1.67%	-6.26%	-5.26%	44.78%	-150.16%
EBIT Q/Q Growth	8.43%	42.88%	-12.11%	-7.93%	-28.27%	-10.49%	-17.58%	-79.50%	689.12%	-281.51%
NOPAT Q/Q Growth	7.60%	35.04%	29.59%	-35.57%	-6.45%	-61.96%	931.63%	-45.60%	308.67%	-356.09%
Net Income Q/Q Growth	6.63%	48.18%	26.59%	-37.85%	-40.21%	-65.95%	757.97%	-45.51%	107.33%	-634.38%
EPS Q/Q Growth	5.77%	47.69%	25.20%	-38.00%	-39.02%	-65.96%	1,300.00%	-41.94%	106.25%	-649.02%
Operating Cash Flow Q/Q Growth	6.89%	9.84%	-0.33%	5.58%	-1.72%	-12.72%	2.44%	-12.75%	-8.03%	35.12%
Free Cash Flow Firm Q/Q Growth	94.22%	476.97%	183.41%	-332.94%	738.94%	82.43%	-2,116.57%	123.98%	-76.68%	79.77%
Invested Capital Q/Q Growth	-4.48%	-51.62%	-71.05%	-46.52%	-52.69%	-56.13%	51.32%	-28.17%	-25.14%	-62.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.25%	53.64%	54.10%	55.02%	53.53%	53.13%	52.23%	52.24%	54.57%	55.32%
EBITDA Margin	15.98%	19.05%	18.42%	16.60%	13.07%	14.50%	11.76%	8.03%	15.27%	-11.40%
Operating Margin	7.32%	9.32%	8.65%	7.00%	3.01%	4.08%	2.68%	-2.69%	4.04%	-23.41%
EBIT Margin	7.06%	9.29%	8.93%	7.13%	3.47%	4.26%	2.70%	-1.87%	5.21%	-22.15%
Profit (Net Income) Margin	4.02%	6.21%	9.34%	5.28%	1.32%	0.85%	0.61%	-4.29%	0.16%	-24.51%
Tax Burden Percent	69.41%	79.17%	126.21%	100.49%	112.50%	35.70%	80.45%	81.70%	10.32%	90.88%
Interest Burden Percent	82.07%	84.42%	82.83%	73.73%	33.92%	55.56%	28.23%	281.08%	30.65%	121.74%
Effective Tax Rate	30.59%	20.83%	-26.21%	-0.49%	-12.50%	64.30%	19.55%	0.00%	89.68%	0.00%
Return on Invested Capital (ROIC)	9.84%	19.03%	48.88%	27.01%	10.26%	4.45%	3.01%	-2.11%	0.53%	-29.93%
ROIC Less NNEP Spread (ROIC-NNEP)	4.68%	3.30%	59.60%	38.11%	31.53%	9.41%	-12.15%	-14.00%	-2.64%	-89.58%
Return on Net Nonoperating Assets (RNNOA)	3.10%	0.79%	-23.66%	-14.38%	-7.17%	-2.57%	-2.01%	-4.10%	-0.30%	-29.64%
Return on Equity (ROE)	12.94%	19.82%	25.22%	12.63%	3.09%	1.88%	1.00%	-6.22%	0.23%	-59.57%
Cash Return on Invested Capital (CROIC)	-1.46%	64.50%	98.00%	-52.84%	18.07%	-4.20%	-103.36%	13.94%	1.59%	41.87%
Operating Return on Assets (OROA)	4.16%	5.36%	4.53%	3.55%	1.73%	1.93%	1.00%	-0.66%	1.95%	-9.47%
Return on Assets (ROA)	2.37%	3.58%	4.74%	2.63%	0.66%	0.38%	0.23%	-1.52%	0.06%	-10.47%
Return on Common Equity (ROCE)	12.94%	19.82%	25.22%	12.63%	3.09%	1.88%	1.00%	-6.22%	0.23%	-59.57%
Return on Equity Simple (ROE_SIMPLE)	12.18%	18.34%	21.90%	12.00%	3.00%	1.81%	0.79%	-6.10%	0.23%	-199.43%
Net Operating Profit after Tax (NOPAT)	32	54	86	60	31	13	20	-20	4.61	-189
NOPAT Margin	5.08%	7.38%	10.91%	7.04%	3.39%	1.46%	2.16%	-1.88%	0.42%	-16.39%
Net Nonoperating Expense Percent (NNEP)	5.16%	15.74%	-10.71%	-11.10%	-21.27%	-4.96%	15.16%	11.89%	3.17%	59.65%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-1.24%	0.29%	-15.56%
Cost of Revenue to Revenue	47.75%	46.36%	45.90%	44.98%	46.47%	46.87%	47.77%	47.76%	45.43%	44.68%
SG&A Expenses to Revenue	11.93%	11.12%	12.03%	12.53%	12.60%	14.77%	15.77%	18.89%	17.18%	12.35%
R&D to Revenue	13.27%	12.28%	11.40%	11.64%	11.79%	10.97%	13.43%	14.83%	13.87%	13.90%
Operating Expenses to Revenue	44.93%	44.31%	45.45%	48.01%	50.52%	49.05%	49.54%	54.93%	50.53%	78.73%
Earnings before Interest and Taxes (EBIT)	45	68	70	61	31	39	25	-20	58	-256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	139	145	141	118	132	109	85	169	-132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.29	12.08	13.34	8.11	9.85	6.70	5.31	4.20	5.77	26.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.72	4.09	5.69	3.57	4.34	3.12	4.10	2.95	4.22	3.24
Price to Earnings (P/E)	117.32	65.85	60.93	67.62	328.25	369.72	667.78	0.00	2,565.40	0.00
Dividend Yield	0.75%	0.76%	0.51%	0.77%	0.60%	0.83%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.85%	1.52%	1.64%	1.48%	0.30%	0.27%	0.15%	0.00%	0.04%	0.00%
Enterprise Value to Invested Capital (EV/IC)	9.04	13.51	32.25	9.59	13.28	8.78	4.03	3.74	5.49	9.90
Enterprise Value to Revenue (EV/Rev)	4.93	4.05	5.43	3.50	4.22	3.00	4.43	3.07	4.27	3.47
Enterprise Value to EBITDA (EV/EBITDA)	30.88	21.25	29.49	21.07	32.28	20.68	37.67	38.25	27.96	0.00
Enterprise Value to EBIT (EV/EBIT)	69.89	43.59	60.81	49.04	121.72	70.41	163.77	0.00	81.99	0.00
Enterprise Value to NOPAT (EV/NOPAT)	97.06	54.83	49.78	49.70	124.37	205.98	205.05	0.00	1,023.57	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.35	19.28	24.30	14.74	20.81	18.51	19.23	15.94	23.64	13.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.18	24.83	0.00	70.60	0.00	0.00	24.68	343.34	15.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.94	1.38	1.30	1.04	1.18	1.25	1.33	1.15	0.96	7.57
Long-Term Debt to Equity	1.92	1.37	1.28	1.02	1.16	1.22	1.31	1.13	0.94	7.40
Financial Leverage	0.66	0.24	-0.40	-0.38	-0.23	-0.27	0.17	0.29	0.11	0.33
Leverage Ratio	5.46	5.53	5.32	4.81	4.68	4.91	4.39	4.08	3.80	5.69
Compound Leverage Factor	4.48	4.67	4.41	3.54	1.59	2.73	1.24	11.47	1.17	6.92
Debt to Total Capital	65.96%	58.04%	56.58%	50.88%	54.07%	55.48%	57.15%	53.59%	49.09%	88.33%
Short-Term Debt to Total Capital	0.71%	0.74%	1.11%	0.99%	0.87%	1.34%	1.12%	1.17%	1.21%	1.96%
Long-Term Debt to Total Capital	65.25%	57.30%	55.47%	49.89%	53.20%	54.14%	56.03%	52.41%	47.87%	86.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.04%	41.96%	43.42%	49.12%	45.93%	44.52%	42.85%	46.41%	50.91%	11.67%
Debt to EBITDA	4.00	2.46	3.02	2.75	3.97	4.01	8.77	10.11	4.62	-8.16
Net Debt to EBITDA	1.35	-0.20	-1.40	-0.46	-0.94	-0.86	2.78	1.47	0.30	-2.00
Long-Term Debt to EBITDA	3.96	2.43	2.96	2.70	3.91	3.91	8.60	9.89	4.50	-7.98
Debt to NOPAT	12.59	6.34	5.09	6.48	15.30	39.94	47.72	-43.08	169.07	-5.68
Net Debt to NOPAT	4.25	-0.52	-2.36	-1.08	-3.63	-8.59	15.14	-6.26	11.07	-1.39
Long-Term Debt to NOPAT	12.45	6.26	4.99	6.36	15.05	38.97	46.79	-42.14	164.90	-5.55
Altman Z-Score	2.42	2.42	2.47	2.17	1.98	1.62	1.36	1.13	1.76	0.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.75	0.82	0.74	0.74	0.81	0.77	0.75	0.78	0.78
Quick Ratio	0.17	0.16	0.13	0.15	0.12	0.13	0.14	0.11	0.11	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.81	183	173	-117	54	-13	-689	132	14	265
Operating Cash Flow to CapEx	378.81%	348.73%	457.27%	384.70%	312.64%	205.93%	409.68%	286.92%	311.31%	440.43%
Free Cash Flow to Firm to Interest Expense	-0.60	17.29	14.26	-7.35	2.61	-0.73	-38.25	3.68	0.34	4.76
Operating Cash Flow to Interest Expense	16.01	14.52	14.57	12.67	8.85	8.56	11.87	5.69	5.00	5.32
Operating Cash Flow Less CapEx to Interest Expense	11.78	10.35	11.39	9.37	6.02	4.40	8.97	3.71	3.39	4.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.58	0.51	0.50	0.50	0.45	0.37	0.35	0.37	0.43
Accounts Receivable Turnover	8.10	8.66	8.54	9.31	10.26	9.91	9.37	10.30	10.80	12.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.44	14.22	17.05	20.63	23.83	12.98	8.57	9.67	10.73	12.12
Accounts Payable Turnover	19.88	15.97	15.09	12.89	10.18	11.34	17.76	15.64	14.83	13.59
Days Sales Outstanding (DSO)	45.08	42.15	42.73	39.20	35.56	36.83	38.98	35.45	33.79	29.28
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	18.36	22.86	24.19	28.32	35.86	32.19	20.55	23.34	24.62	26.86
Cash Conversion Cycle (CCC)	26.72	19.29	18.54	10.88	-0.30	4.63	18.43	12.11	9.17	2.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	348	219	133	309	286	312	1,021	869	860	405
Invested Capital Turnover	1.94	2.58	4.48	3.84	3.02	3.05	1.39	1.12	1.28	1.83
Increase / (Decrease) in Invested Capital	37	-129	-86	177	-23	26	709	-152	-9.14	-454
Enterprise Value (EV)	3,147	2,961	4,283	2,968	3,798	2,739	4,108	3,250	4,720	4,013
Market Capitalization	3,009	2,990	4,487	3,032	3,909	2,853	3,805	3,125	4,669	3,749
Book Value per Share	$4.49	$5.20	$6.99	$7.70	$8.07	$8.60	$14.88	$14.01	$15.02	$2.80
Tangible Book Value per Share	($11.52)	($10.13)	($11.70)	($11.08)	($13.35)	($12.09)	($24.10)	($20.39)	($18.33)	($23.50)
Total Capital	619	590	775	761	864	957	1,673	1,603	1,588	1,217
Total Debt	408	342	438	387	467	531	956	859	780	1,075
Total Long-Term Debt	404	338	430	380	460	518	937	840	760	1,051
Net Debt	138	-28	-203	-64	-111	-114	303	125	51	264
Capital Expenditures (CapEx)	34	44	39	52	58	72	52	71	64	67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-433	-538	-808	-652	-825	-827	-893	-1,027	-977	-1,063
Debt-free Net Working Capital (DFNWC)	-163	-168	-167	-200	-247	-182	-240	-293	-248	-252
Net Working Capital (NWC)	-167	-172	-175	-208	-254	-194	-259	-312	-267	-276
Net Nonoperating Expense (NNE)	6.77	8.61	12	15	19	5.58	14	25	2.79	94
Net Nonoperating Obligations (NNO)	138	-28	-203	-64	-111	-114	303	125	51	264
Total Depreciation and Amortization (D&A)	57	71	75	80	86	94	84	105	111	124
Debt-free, Cash-free Net Working Capital to Revenue	-67.91%	-73.60%	-102.52%	-76.81%	-91.58%	-90.54%	-96.22%	-97.10%	-88.36%	-92.03%
Debt-free Net Working Capital to Revenue	-25.52%	-22.94%	-21.14%	-23.59%	-27.41%	-19.88%	-25.87%	-27.71%	-22.45%	-21.80%
Net Working Capital to Revenue	-26.21%	-23.54%	-22.23%	-24.47%	-28.24%	-21.28%	-27.88%	-29.49%	-24.19%	-23.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.90	$1.41	$0.95	$0.25	$0.16	$0.12	($0.88)	$0.03	($5.60)
Adjusted Weighted Average Basic Shares Outstanding	45.62M	46.13M	46.67M	47.21M	47.70M	48.18M	47.41M	51.57M	52.55M	50.56M
Adjusted Diluted Earnings per Share	$0.55	$0.88	$1.38	$0.93	$0.25	$0.16	$0.12	($0.88)	$0.03	($5.60)
Adjusted Weighted Average Diluted Shares Outstanding	46.50M	47.32M	47.78M	48.05M	48.31M	48.70M	48.23M	51.57M	53.72M	50.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.97M	47.53M	48.08M	48.57M	49.14M	48.38M	51.97M	53.22M	53.48M	49.24M
Normalized Net Operating Profit after Tax (NOPAT)	32	54	48	45	23	26	20	-20	31	-189
Normalized NOPAT Margin	5.08%	7.38%	6.12%	5.28%	2.56%	2.87%	2.18%	-1.88%	2.83%	-16.39%
Pre Tax Income Margin	5.79%	7.84%	7.40%	5.26%	1.18%	2.37%	0.76%	-5.25%	1.60%	-26.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.58	6.42	5.82	3.81	1.51	2.25	1.39	-0.55	1.44	-4.60
NOPAT to Interest Expense	4.02	5.10	7.11	3.76	1.48	0.77	1.11	-0.56	0.12	-3.40
EBIT Less CapEx to Interest Expense	1.35	2.26	2.64	0.51	-1.32	-1.91	-1.50	-2.54	-0.16	-5.81
NOPAT Less CapEx to Interest Expense	-0.21	0.94	3.93	0.46	-1.35	-3.39	-1.78	-2.54	-1.49	-4.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	87.75%	50.24%	31.33%	51.99%	198.24%	77.23%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	87.75%	50.24%	31.33%	51.99%	198.24%	608.54%	1,902.70%	-2.95%	1,034.67%	-147.63%

This table displays calculated financial ratios and metrics derived from Blackbaud's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.01%	10.84%	1.80%	2.31%	6.25%	7.37%	6.68%	5.99%	3.28%	2.45%
EBITDA Growth	-28.86%	-30.49%	-7.03%	1.19%	140.53%	485.43%	124.44%	155.96%	40.18%	-626.32%
EBIT Growth	-120.13%	-129.05%	-63.44%	-3.61%	1,183.11%	323.43%	277.15%	1,377.93%	69.00%	-1,143.10%
NOPAT Growth	-158.29%	-134.62%	-66.37%	444.44%	323.91%	161.05%	313.09%	14,921.87%	150.64%	-3,967.59%
Net Income Growth	-266.76%	-201.25%	-41.26%	161.51%	187.38%	125.40%	135.68%	935.82%	127.81%	-6,226.39%
EPS Growth	-253.85%	-173.33%	-40.00%	157.14%	185.00%	124.39%	135.71%	950.00%	135.29%	-6,620.00%
Operating Cash Flow Growth	54.62%	-67.89%	-11.01%	-7.12%	18.47%	-123.77%	196.34%	1.17%	-18.78%	2,297.13%
Free Cash Flow Firm Growth	-1,301.06%	119.73%	122.60%	152.51%	113.36%	-88.79%	-77.72%	-78.29%	39.91%	1,150.01%
Invested Capital Growth	79.37%	-14.86%	-11.92%	-31.06%	-5.06%	-1.05%	-1.66%	-5.99%	-6.39%	-52.84%
Revenue Q/Q Growth	-1.37%	5.15%	-4.73%	3.55%	2.43%	6.26%	-5.34%	2.88%	-0.19%	5.41%
EBITDA Q/Q Growth	-20.98%	-53.91%	84.36%	50.69%	87.84%	12.18%	-29.32%	71.86%	2.87%	-521.21%
EBIT Q/Q Growth	-180.26%	-507.62%	48.92%	138.69%	801.89%	25.34%	-59.50%	222.78%	3.13%	-873.67%
NOPAT Q/Q Growth	-13,085.19%	-121.73%	36.02%	102.96%	5,240.29%	-39.54%	123.28%	108.37%	-10.90%	-1,032.99%
Net Income Q/Q Growth	-201.55%	-106.02%	30.85%	114.32%	328.36%	-40.12%	-2.83%	315.63%	-5.79%	-1,710.18%
EPS Q/Q Growth	-185.71%	-105.00%	31.71%	114.29%	325.00%	-41.18%	0.00%	320.00%	-4.76%	-1,730.00%
Operating Cash Flow Q/Q Growth	88.61%	-86.96%	54.80%	143.95%	140.58%	-102.62%	2,029.50%	-16.72%	93.16%	-29.21%
Free Cash Flow Firm Q/Q Growth	22.67%	126.05%	11.14%	134.57%	-80.33%	-78.13%	120.84%	128.58%	26.74%	95.39%
Invested Capital Q/Q Growth	2.47%	-28.17%	38.97%	-32.60%	41.12%	-25.14%	38.12%	-35.57%	40.51%	-62.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.72%	50.69%	52.97%	55.18%	56.14%	53.96%	54.81%	56.59%	55.53%	54.38%
EBITDA Margin	8.93%	3.92%	7.58%	11.03%	20.22%	21.35%	15.94%	26.63%	27.44%	-109.67%
Operating Margin	-2.68%	-5.66%	-3.80%	0.11%	7.94%	10.95%	3.84%	14.65%	15.28%	-121.48%
EBIT Margin	-0.98%	-5.66%	-3.03%	1.13%	9.98%	11.77%	5.04%	15.80%	16.33%	-119.86%
Profit (Net Income) Margin	-3.95%	-7.74%	-5.62%	0.78%	3.25%	1.83%	1.88%	7.59%	7.16%	-109.44%
Tax Burden Percent	86.75%	83.59%	79.03%	-26.00%	49.86%	20.56%	138.42%	73.45%	62.85%	87.56%
Interest Burden Percent	465.01%	163.64%	234.28%	-263.51%	65.28%	75.60%	26.94%	65.39%	69.80%	104.28%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	50.14%	79.44%	-38.42%	26.55%	37.15%	0.00%
Return on Invested Capital (ROIC)	-2.06%	-4.44%	-2.19%	0.08%	3.64%	2.88%	4.98%	15.53%	9.92%	-155.31%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.49%	-9.28%	-3.53%	0.82%	3.17%	1.46%	3.30%	7.94%	8.33%	-202.22%
Return on Net Nonoperating Assets (RNNOA)	-2.33%	-2.72%	-2.86%	0.28%	1.70%	0.17%	3.00%	1.43%	5.45%	-66.91%
Return on Equity (ROE)	-4.39%	-7.16%	-5.05%	0.37%	5.35%	3.05%	7.99%	16.95%	15.37%	-222.22%
Cash Return on Invested Capital (CROIC)	-58.27%	13.94%	10.91%	34.51%	5.00%	1.59%	4.64%	13.41%	13.25%	41.87%
Operating Return on Assets (OROA)	-0.47%	-2.01%	-1.22%	0.41%	4.14%	4.41%	2.18%	5.87%	7.21%	-51.22%
Return on Assets (ROA)	-1.90%	-2.75%	-2.27%	0.28%	1.35%	0.69%	0.81%	2.82%	3.16%	-46.77%
Return on Common Equity (ROCE)	-4.39%	-7.16%	-5.05%	0.37%	5.35%	3.05%	7.99%	16.95%	15.37%	-222.22%
Return on Equity Simple (ROE_SIMPLE)	-4.26%	0.00%	-6.91%	-5.80%	-3.10%	0.00%	4.08%	7.18%	9.74%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.91	-11	-6.96	0.21	11	6.64	15	31	28	-257
NOPAT Margin	-1.88%	-3.96%	-2.66%	0.08%	3.96%	2.25%	5.31%	10.76%	9.61%	-85.03%
Net Nonoperating Expense Percent (NNEP)	1.43%	4.84%	1.34%	-0.74%	0.48%	1.42%	1.68%	7.58%	1.59%	46.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.68%	-	-	-	0.42%	-	-	-	-21.12%
Cost of Revenue to Revenue	46.28%	49.31%	47.03%	44.82%	43.86%	46.04%	45.19%	43.41%	44.47%	45.62%
SG&A Expenses to Revenue	19.08%	21.44%	20.19%	21.82%	15.34%	11.98%	17.10%	11.64%	8.94%	11.87%
R&D to Revenue	15.48%	13.89%	15.51%	13.34%	13.67%	13.08%	15.33%	13.60%	13.73%	13.02%
Operating Expenses to Revenue	56.40%	56.35%	56.77%	55.07%	48.20%	43.00%	50.97%	41.94%	40.24%	175.86%
Earnings before Interest and Taxes (EBIT)	-2.56	-16	-7.94	3.07	28	35	14	45	47	-362
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	11	20	30	56	63	45	76	79	-331
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.19	4.20	5.12	5.04	4.73	5.77	7.48	6.81	8.03	26.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.27	2.95	3.47	3.59	3.49	4.22	3.56	3.45	3.81	3.24
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	2,565.40	183.43	94.83	82.50	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.55%	1.05%	1.21%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.33	3.74	3.46	4.78	3.60	5.49	3.91	5.38	4.56	9.90
Enterprise Value to Revenue (EV/Rev)	2.73	3.07	3.93	3.64	3.81	4.27	4.14	3.62	4.27	3.47
Enterprise Value to EBITDA (EV/EBITDA)	31.37	38.25	50.03	46.37	35.46	27.96	24.01	17.16	18.66	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	566.88	81.99	58.39	33.80	34.77	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	1,023.57	130.72	72.15	66.30	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.04	15.94	20.75	19.72	19.05	23.64	19.16	16.95	22.38	13.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	24.68	29.69	11.29	70.14	343.34	83.63	38.92	33.27	15.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.17	1.15	1.22	1.11	0.93	0.96	1.95	1.77	1.84	7.57
Long-Term Debt to Equity	1.14	1.13	1.19	1.09	0.90	0.94	1.91	1.73	1.79	7.40
Financial Leverage	0.67	0.29	0.81	0.35	0.54	0.11	0.91	0.18	0.65	0.33
Leverage Ratio	3.79	4.08	3.70	3.99	3.41	3.80	4.14	4.58	3.87	5.69
Compound Leverage Factor	17.62	6.68	8.66	-10.52	2.23	2.88	1.12	3.00	2.70	5.93
Debt to Total Capital	53.82%	53.59%	54.95%	52.65%	48.13%	49.09%	66.07%	63.90%	64.77%	88.33%
Short-Term Debt to Total Capital	1.15%	1.17%	1.20%	1.19%	1.25%	1.21%	1.23%	1.49%	1.54%	1.96%
Long-Term Debt to Total Capital	52.67%	52.41%	53.76%	51.46%	46.89%	47.87%	64.84%	62.41%	63.23%	86.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.18%	46.41%	45.05%	47.35%	51.87%	50.91%	33.93%	36.10%	35.23%	11.67%
Debt to EBITDA	9.52	10.11	10.52	10.10	6.37	4.62	5.37	4.26	3.81	-8.16
Net Debt to EBITDA	5.32	1.47	5.84	0.63	2.99	0.30	3.38	0.78	2.02	-2.00
Long-Term Debt to EBITDA	9.32	9.89	10.29	9.87	6.20	4.50	5.27	4.16	3.72	-7.98
Debt to NOPAT	-62.36	-43.08	-38.65	-37.54	-336.03	169.07	29.26	17.89	13.54	-5.68
Net Debt to NOPAT	-34.82	-6.26	-21.47	-2.33	-157.63	11.07	18.38	3.29	7.18	-1.39
Long-Term Debt to NOPAT	-61.04	-42.14	-37.81	-36.69	-327.33	164.90	28.71	17.48	13.21	-5.55
Altman Z-Score	1.10	1.14	1.51	1.30	1.65	1.74	1.63	1.38	1.77	0.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.63	0.75	0.67	0.77	0.62	0.78	0.67	0.80	0.68	0.78
Quick Ratio	0.14	0.11	0.14	0.15	0.14	0.11	0.14	0.14	0.14	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-540	141	156	367	72	16	35	80	101	197
Operating Cash Flow to CapEx	581.79%	79.17%	142.23%	328.29%	736.71%	-22.00%	484.73%	254.10%	666.05%	430.73%
Free Cash Flow to Firm to Interest Expense	-57.85	14.23	14.67	32.85	7.50	1.86	3.39	5.07	7.14	12.72
Operating Cash Flow to Interest Expense	11.57	1.42	2.05	4.76	13.30	-0.40	6.29	3.42	7.35	4.75
Operating Cash Flow Less CapEx to Interest Expense	9.58	-0.37	0.61	3.31	11.50	-2.19	4.99	2.08	6.25	3.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.35	0.40	0.36	0.42	0.37	0.43	0.37	0.44	0.43
Accounts Receivable Turnover	10.71	10.30	11.07	6.72	11.46	10.80	11.44	7.08	11.44	12.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.69	9.67	9.75	9.87	10.33	10.73	11.15	11.24	11.74	12.12
Accounts Payable Turnover	13.21	15.64	11.75	12.95	13.25	14.83	10.59	12.00	12.34	13.59
Days Sales Outstanding (DSO)	34.08	35.45	32.98	54.32	31.86	33.79	31.91	51.54	31.90	29.28
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.62	23.34	31.08	28.18	27.54	24.62	34.45	30.42	29.58	26.86
Cash Conversion Cycle (CCC)	6.46	12.11	1.90	26.14	4.32	9.17	-2.54	21.12	2.33	2.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,210	869	1,207	814	1,149	860	1,187	765	1,075	405
Invested Capital Turnover	1.09	1.12	0.82	1.07	0.92	1.28	0.94	1.44	1.03	1.83
Increase / (Decrease) in Invested Capital	535	-152	-163	-367	-61	-9.14	-20	-49	-73	-454
Enterprise Value (EV)	2,813	3,250	4,176	3,886	4,135	4,720	4,646	4,120	4,902	4,013
Market Capitalization	2,336	3,125	3,688	3,834	3,787	4,669	3,993	3,932	4,372	3,749
Book Value per Share	$13.82	$14.01	$13.52	$14.14	$14.86	$15.02	$10.26	$11.18	$10.54	$2.80
Tangible Book Value per Share	($20.63)	($20.39)	($20.67)	($19.54)	($18.59)	($18.33)	($23.95)	($23.07)	($23.59)	($23.50)
Total Capital	1,587	1,603	1,598	1,608	1,543	1,588	1,574	1,599	1,545	1,217
Total Debt	854	859	878	847	743	780	1,040	1,022	1,001	1,075
Total Long-Term Debt	836	840	859	827	723	760	1,021	998	977	1,051
Net Debt	477	125	488	53	348	51	653	188	531	264
Capital Expenditures (CapEx)	19	18	15	16	17	15	13	21	16	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-682	-1,027	-656	-1,091	-733	-977	-653	-1,080	-753	-1,063
Debt-free Net Working Capital (DFNWC)	-305	-293	-265	-297	-339	-248	-266	-246	-283	-252
Net Working Capital (NWC)	-323	-312	-285	-317	-358	-267	-286	-270	-307	-276
Net Nonoperating Expense (NNE)	5.41	10	7.74	-1.90	1.97	1.25	9.59	9.11	7.00	74
Net Nonoperating Obligations (NNO)	477	125	488	53	348	51	653	188	531	264
Total Depreciation and Amortization (D&A)	26	26	28	27	28	28	30	31	32	31
Debt-free, Cash-free Net Working Capital to Revenue	-66.18%	-97.10%	-61.70%	-102.11%	-67.57%	-88.36%	-58.12%	-94.81%	-65.57%	-92.03%
Debt-free Net Working Capital to Revenue	-29.60%	-27.71%	-24.97%	-27.82%	-31.24%	-22.45%	-23.71%	-21.60%	-24.63%	-21.80%
Net Working Capital to Revenue	-31.37%	-29.49%	-26.77%	-29.62%	-33.01%	-24.19%	-25.43%	-23.68%	-26.71%	-23.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	($0.41)	($0.28)	$0.04	$0.17	$0.10	$0.10	$0.43	$0.41	($6.54)
Adjusted Weighted Average Basic Shares Outstanding	51.69M	51.57M	52.13M	52.64M	52.70M	52.55M	52.05M	50.75M	50.41M	50.56M
Adjusted Diluted Earnings per Share	($0.20)	($0.41)	($0.28)	$0.04	$0.17	$0.10	$0.10	$0.42	$0.40	($6.52)
Adjusted Weighted Average Diluted Shares Outstanding	51.69M	51.57M	52.13M	53.64M	54.09M	53.72M	53.41M	51.68M	51.63M	50.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.10M	53.22M	53.86M	53.85M	53.85M	53.48M	51.63M	51.63M	50.72M	49.24M
Normalized Net Operating Profit after Tax (NOPAT)	-4.91	-11	-6.96	0.21	15	23	7.50	31	28	-257
Normalized NOPAT Margin	-1.88%	-3.96%	-2.66%	0.08%	5.56%	7.67%	2.69%	10.76%	9.61%	-85.03%
Pre Tax Income Margin	-4.55%	-9.26%	-7.11%	-2.99%	6.51%	8.90%	1.36%	10.33%	11.40%	-124.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.27	-1.57	-0.74	0.28	2.88	4.10	1.37	2.89	3.31	-23.37
NOPAT to Interest Expense	-0.53	-1.10	-0.65	0.02	1.14	0.78	1.44	1.97	1.95	-16.58
EBIT Less CapEx to Interest Expense	-2.26	-3.37	-2.18	-1.18	1.07	2.30	0.07	1.54	2.21	-24.47
NOPAT Less CapEx to Interest Expense	-2.51	-2.90	-2.09	-1.43	-0.66	-1.01	0.15	0.62	0.84	-17.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-36.11%	-2.95%	0.00%	-1.77%	-0.54%	1,034.67%	1,292.91%	678.69%	649.62%	-147.63%

Frequently Asked Questions About Blackbaud's Financials

When does Blackbaud's fiscal year end?

According to the most recent income statement we have on file, Blackbaud's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Blackbaud's net income changed over the last 9 years?

Blackbaud's net income appears to be on an upward trend, with a most recent value of -$283.17 million in 2024, falling from $25.65 million in 2015. The previous period was $1.82 million in 2023.

What is Blackbaud's operating income?

Blackbaud's total operating income in 2024 was -$270.51 million, based on the following breakdown:

Total Gross Profit: $639.20 million
Total Operating Expenses: $909.71 million

How has Blackbaud revenue changed over the last 9 years?

Over the last 9 years, Blackbaud's total revenue changed from $637.94 million in 2015 to $1.16 billion in 2024, a change of 81.1%.

How much debt does Blackbaud have?

Blackbaud's total liabilities were at $2.35 billion at the end of 2024, a 11.9% increase from 2023, and a 132.4% increase since 2015.

How much cash does Blackbaud have?

In the past 9 years, Blackbaud's cash and equivalents has ranged from $15.36 million in 2015 to $67.63 million in 2024, and is currently $67.63 million as of their latest financial filing in 2024.

How has Blackbaud's book value per share changed over the last 9 years?

Over the last 9 years, Blackbaud's book value per share changed from 4.49 in 2015 to 2.80 in 2024, a change of -37.6%.

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This page (NASDAQ:BLKB) was last updated on 4/16/2025 by MarketBeat.com Staff

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Blackbaud (BLKB) Financials

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