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Blackbaud (BLKB)
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Blackbaud Balance Sheet 2025-2007 | BLKB
Brief overview of Blackbaud's balance sheet strength
This overview follows the five latest available annual observations between 2021 and 2025.
The asset base decreased -19.5%, from $3 billion to $2.4 billion. Resources became smaller over the five periods.
Liability growth of +2.3% exceeded asset growth of -19.5%, increasing reliance on outside funding.
Internal capital represents 3.6% of the balance sheet versus 24.1% five periods ago. The cushion is thin.
Net debt exceeds equity by 12.34x. The burden makes the balance sheet sensitive to earnings, rates and cash flow.
Cash accounts for 1.6% of assets versus 1.9% initially. The change indicates the degree of financial flexibility.
Retained earnings are $15.5 million versus $242.5 million initially. The direction shows how results contributed to equity.
Balance sheet takeaway
Taken together, Blackbaud's balance sheet indicators point to elevated risk. Asset growth does not offset weak funding sources.
Annual Balance Sheet Blackbaud
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
1.05 B | 988 M | 736 M | 816 M | 892 M | 492 M | 435 M | 356 M | 408 M | 325 M | 393 M | 266 M | 141 M | 202 M | -52.5 M | - | - | - | - |
Long Term Debt |
1.09 B | 1.05 B | 760 M | 840 M | 937 M | 518 M | 460 M | 380 M | 430 M | 338 M | 404 M | 276 M | 136 M | 206 M | - | - | - | - | - |
Long Term Debt Current |
1.56 M | 4.49 M | 6.7 M | 7.72 M | 9.17 M | 9.36 M | 19.8 M | 7.5 M | 8.58 M | 4.38 M | 4.38 M | 4.38 M | 17.2 M | 10 M | - | - | 1.29 M | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 607 M | 436 M | 477 M | 383 M | 447 M | 336 M | 188 M | 246 M | 12.5 M | - | - | - | - |
Total Current Liabilities |
1.18 B | 1.25 B | 1.2 B | 1.23 B | 1.11 B | 1.01 B | 989 M | 806 M | 976 M | 680 M | 566 M | 421 M | 357 M | 312 M | 240 M | 198 M | 180 M | - | - |
Total Liabilities |
2.31 B | 2.37 B | 2.1 B | 2.25 B | 2.25 B | 1.62 B | 1.6 B | 1.24 B | 1.45 B | 1.06 B | 1.01 B | 757 M | 545 M | 558 M | 253 M | 207 M | 188 M | - | - |
Deferred Revenue |
369 M | 359 M | 393 M | 382 M | 374 M | 312 M | 314 M | 296 M | 276 M | 244 M | 230 M | 212 M | 181 M | 174 M | 154 M | 144 M | 129 M | - | - |
Retained Earnings |
15.5 M | -99.5 M | 199 M | 197 M | 242 M | 237 M | 235 M | 246 M | 196 M | 153 M | 135 M | 132 M | 125 M | 117 M | 132 M | 120 M | 116 M | - | - |
Total Assets |
2.39 B | 2.5 B | 2.91 B | 2.99 B | 2.97 B | 2.04 B | 1.99 B | 1.62 B | 1.76 B | 1.31 B | 1.22 B | 943 M | 707 M | 706 M | 393 M | 324 M | 304 M | - | - |
Cash and Cash Equivalents |
38.9 M | 67.6 M | 31.3 M | 31.7 M | 55.1 M | 35.8 M | 31.8 M | 30.9 M | 29.8 M | 16.9 M | 15.4 M | 14.7 M | 11.9 M | 13.5 M | 52.5 M | 28 M | 22.8 M | 16.4 M | 14.8 M |
Book Value |
85.1 M | 127 M | 809 M | 744 M | 717 M | 426 M | 397 M | 374 M | 307 M | 248 M | 211 M | 186 M | 162 M | 148 M | 140 M | 116 M | 116 M | - | - |
Total Shareholders Equity |
85.1 M | 127 M | 810 M | 744 M | 717 M | 426 M | 397 M | 374 M | 336 M | 269 M | 211 M | 186 M | 162 M | 148 M | 140 M | 116 M | 110 M | 85.7 M | 113 M |
All numbers in USD currency
Quarterly Balance Sheet Blackbaud
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.13 B | 1.16 B | 1.09 B | 1.04 B | 1.14 B | 1.18 B | 1.05 B | 977 M | 998 M | 1.02 B | 760 M | 723 M | 827 M | 859 M | 840 M | 836 M | - | 963 M | 937 M | 514 M | 532 M | 538 M | 518 M | 518 M | 518 M | 518 M | 460 M | 460 M | 460 M | 460 M | 380 M | 380 M | 380 M | 380 M | 430 M | 430 M | 430 M | 430 M | 338 M | 338 M | 338 M | 338 M | 404 M | 404 M | 404 M | 404 M | 276 M | 276 M | 276 M | 276 M | 136 M | 136 M | 136 M | 136 M | 206 M | 206 M | 206 M | 206 M | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 1.12 B | 1.09 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.53 B | 2.07 B | 2.31 B | 2 B | 2.54 B | 2.07 B | 2.37 B | 2.06 B | 2.47 B | 2.02 B | 2.1 B | 1.8 B | 2.33 B | 1.92 B | 2.25 B | 1.89 B | - | 1.92 B | 2.25 B | 1.26 B | 1.5 B | 1.27 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.24 B | 1.24 B | 1.24 B | 1.24 B | 1.46 B | 1.46 B | 1.46 B | 1.46 B | 1.06 B | 1.06 B | 1.06 B | 1.06 B | 1.01 B | 1.01 B | 1.01 B | 1.01 B | 757 M | 757 M | 757 M | 757 M | 545 M | 545 M | 545 M | 545 M | 558 M | 558 M | 558 M | 558 M | 253 M | 253 M | 253 M | 253 M | 201 M | 191 M |
Deferred Revenue |
404 M | 334 M | 369 M | 383 M | 399 M | 326 M | 359 M | 410 M | 427 M | 360 M | 393 M | 416 M | 435 M | 361 M | 382 M | 394 M | - | 351 M | 374 M | 329 M | 340 M | 290 M | 312 M | 312 M | 312 M | 312 M | 314 M | 314 M | 314 M | 314 M | 296 M | 303 M | 306 M | 255 M | 275 M | 275 M | 275 M | 275 M | 244 M | 244 M | 244 M | 244 M | 230 M | 230 M | 230 M | 230 M | 212 M | 212 M | 212 M | 212 M | 181 M | 181 M | 181 M | 181 M | 174 M | 174 M | 174 M | 174 M | 154 M | 154 M | 154 M | 154 M | 143 M | 138 M |
Retained Earnings |
82 M | 46.7 M | 15.5 M | -21.2 M | -53.5 M | -79.4 M | -99.5 M | 247 M | 226 M | 204 M | 199 M | 193 M | 184 M | 182 M | 197 M | 218 M | - | 232 M | 242 M | 250 M | 243 M | 237 M | 237 M | 237 M | 237 M | 237 M | 235 M | 235 M | 235 M | 235 M | 246 M | 246 M | 246 M | 246 M | 225 M | 225 M | 225 M | 225 M | 174 M | 153 M | 153 M | 153 M | 135 M | 135 M | 135 M | 135 M | 132 M | 132 M | 132 M | 132 M | 125 M | 125 M | 125 M | 125 M | 117 M | 117 M | 117 M | 117 M | 132 M | 132 M | 132 M | 132 M | 123 M | 119 M |
Total Assets |
2.59 B | 2.11 B | 2.39 B | 2.1 B | 2.63 B | 2.1 B | 2.5 B | 2.6 B | 3.04 B | 2.55 B | 2.91 B | 2.6 B | 3.09 B | 2.64 B | 2.99 B | 2.63 B | - | 2.63 B | 2.97 B | 1.65 B | 1.9 B | 1.68 B | 2.04 B | 2.04 B | 2.04 B | 2.04 B | 1.99 B | 1.99 B | 1.99 B | 1.99 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.8 B | 1.8 B | 1.8 B | 1.8 B | 1.31 B | 1.31 B | 1.31 B | 1.31 B | 1.22 B | 1.22 B | 1.22 B | 1.22 B | 943 M | 943 M | 943 M | 943 M | 707 M | 707 M | 707 M | 707 M | 706 M | 706 M | 706 M | 706 M | 393 M | 393 M | 393 M | 393 M | 315 M | 298 M |
Cash and Cash Equivalents |
34.4 M | 34.1 M | 38.9 M | 38.3 M | 41.6 M | 37.2 M | 67.6 M | 34.6 M | 30.4 M | 26.4 M | 31.3 M | 31.1 M | 29 M | 24.1 M | 31.7 M | 31.4 M | - | 33.8 M | 55.1 M | 27.6 M | 28.3 M | 27.8 M | 35.8 M | 35.8 M | 35.8 M | 35.8 M | 31.8 M | 31.8 M | 31.8 M | 31.8 M | 30.9 M | 30.9 M | 30.9 M | 30.9 M | 29.8 M | 29.8 M | 29.8 M | 29.8 M | 16.9 M | 16.9 M | 16.9 M | 16.9 M | 15.4 M | 15.4 M | 15.4 M | 15.4 M | 14.7 M | 14.7 M | 14.7 M | 14.7 M | 11.9 M | 11.9 M | 11.9 M | 11.9 M | 13.5 M | 13.5 M | 13.5 M | 13.5 M | 52.5 M | 52.5 M | 52.5 M | 52.5 M | 26.3 M | 13.3 M |
Book Value |
67 M | 34.6 M | 85.1 M | 108 M | 88 M | 33.2 M | 127 M | 545 M | 577 M | 534 M | 809 M | 800 M | 761 M | 720 M | 744 M | 733 M | - | 705 M | 717 M | 397 M | 405 M | 416 M | 426 M | 426 M | 426 M | 426 M | 397 M | 397 M | 397 M | 397 M | 374 M | 374 M | 374 M | 374 M | 336 M | 336 M | 336 M | 336 M | 248 M | 248 M | 248 M | 248 M | 211 M | 211 M | 211 M | 211 M | 186 M | 186 M | 186 M | 186 M | 162 M | 162 M | 162 M | 162 M | 148 M | 148 M | 148 M | 148 M | 140 M | 140 M | 140 M | 140 M | 115 M | 107 M |
Total Shareholders Equity |
67 M | 34.6 M | 85.1 M | 108 M | 88 M | 17.5 M | 127 M | 545 M | 577 M | 534 M | 809 M | 800 M | 761 M | 720 M | 744 M | 733 M | 720 M | 705 M | 717 M | 397 M | 405 M | 416 M | 426 M | 426 M | 426 M | 426 M | 397 M | 397 M | 397 M | 397 M | 374 M | 374 M | 374 M | 374 M | 336 M | 336 M | 336 M | 336 M | 269 M | 248 M | 248 M | 248 M | 211 M | 211 M | 211 M | 211 M | 186 M | 186 M | 186 M | 186 M | 162 M | 162 M | 162 M | 162 M | 148 M | 148 M | 148 M | 148 M | 140 M | 140 M | 140 M | 140 M | 115 M | 107 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Blackbaud, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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