Export financials
Blackbaud (BLKB)
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Blackbaud Income Statement 2025-2007 | BLKB
Brief overview of income trends at Blackbaud
This overview is based on financial performance over the past five years. According to figures from Blackbaud, revenue changed from $913 million to $1.1 billion over five years. The total change was +23.6%, with a CAGR of approximately 4.3%. The scale of the core business was largely unchanged.
The gross result shifted from $485 million to $663 million, or +36.7%. The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of 53.1% and 58.8%. The business retained more gross profit from each unit of revenue.
Over the period, EBITDA shifted from 130 million dollars to 277 million dollars, a change of +113.1%. EBITDA grew faster than revenue, indicating positive operating leverage. The EBITDA share of revenue changed from 14.2% to 24.5%. A wider margin confirms stronger operating efficiency.
Net profit was 7.7 million dollars at the start and 115 million dollars at the end. The final year delivered the highest net income in the period.
The market value of the business moved from $2.8 billion to $2.4 billion, or −14.4%. Investors responded cautiously to the improvement in the business.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by better sales economics, higher operating efficiency and a stronger final result. The weaker side of the profile includes weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Blackbaud
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.37 B | 3.45 B | 3.54 B | 2.95 B | 3.74 B | 2.77 B | 3.82 B | 3.33 B | 4.47 B | 3.05 B | 2.8 B | 1.98 B | 1.58 B | 1.11 B | 1.33 B | 944 M | 609 M | 995 M | - |
Shares |
47.7 M | 50.6 M | 52.5 M | 51.6 M | 47.4 M | 48.2 M | 47.7 M | 47.2 M | 46.7 M | 46.1 M | 45.6 M | 45.2 M | 44.7 M | 44.1 M | 43.5 M | 43.1 M | 42.8 M | 43 M | - |
Historical Prices |
49.8 | 68.3 | 67.3 | 57.3 | 79 | 57.6 | 79.4 | 62.3 | 93.2 | 62.7 | 64 | 41.7 | 35.8 | 21.3 | 25.4 | 21.9 | 14.2 | 23.2 | 24.1 |
Net Income |
115 M | -283 M | 1.8 M | -45.4 M | 5.7 M | 7.72 M | 11.9 M | 44.8 M | 65.9 M | 41.5 M | 25.6 M | 28.3 M | 30.5 M | 6.58 M | 33.2 M | 29.2 M | 27.5 M | 29.9 M | - |
Revenue |
1.13 B | 1.15 B | 1.11 B | 1.06 B | 928 M | 913 M | 900 M | 849 M | 788 M | 731 M | 638 M | 564 M | 504 M | 447 M | 371 M | 327 M | 309 M | 302 M | - |
Cost of Revenue |
465 M | 523 M | 508 M | 505 M | 443 M | 428 M | 418 M | 382 M | 362 M | 339 M | 305 M | 273 M | 233 M | 202 M | 157 M | 132 M | 121 M | 116 M | - |
Gross Profit |
663 M | 631 M | 599 M | 553 M | 485 M | 485 M | 482 M | 467 M | 426 M | 392 M | 333 M | 291 M | 271 M | 245 M | 214 M | 194 M | 188 M | 186 M | - |
Operating Income |
191 M | -271 M | 46.4 M | -28.5 M | 24.9 M | 37.2 M | 27.1 M | 59.4 M | 68.2 M | 68.2 M | 46.7 M | 46.4 M | 51.5 M | 19.4 M | 50.9 M | 46 M | 45.2 M | 47.4 M | - |
Interest Expense |
68 M | 55.6 M | 39.9 M | 35.8 M | 18 M | 17.3 M | 20.6 M | 15.9 M | 12.1 M | 10.6 M | 8.07 M | 6.01 M | 5.82 M | 5.86 M | 200 K | 74 K | 962 K | 1.53 M | - |
EBITDA |
277 M | -150 M | 156 M | 73.9 M | 107 M | 130 M | 38.3 M | 68.9 M | 68.1 M | 64.6 M | 48.9 M | 48.2 M | 57.6 M | 21.7 M | 53.7 M | 62.2 M | 60.8 M | 60.3 M | - |
Operating Expenses |
473 M | 903 M | 553 M | 581 M | 460 M | 448 M | 449 M | 403 M | 362 M | 330 M | 287 M | 245 M | 216 M | 225 M | 161 M | 148 M | 143 M | 139 M | - |
General and Administrative Expenses |
155 M | 143 M | 190 M | 200 M | 146 M | 135 M | 113 M | 106 M | 94.9 M | 81.3 M | 76.1 M | 58.3 M | 50.3 M | 63.3 M | 36.9 M | 32.6 M | 33.4 M | 34.1 M | - |
All numbers in USD currency
Quarterly Income Statement 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
44.8 M | 45.6 M | 46.7 M | 47.7 M | 47.8 M | 48.4 M | 49.2 M | 50.4 M | 50.7 M | 52.1 M | 53.6 M | 52.7 M | 52.6 M | 52.1 M | - | 51.7 M | 51.7 M | 51.2 M | - | 47.5 M | 47.8 M | 47.4 M | - | 48.3 M | 48.2 M | 48 M | - | 47.8 M | 47.7 M | 47.5 M | - | 47.3 M | 47.2 M | 47 M | - | 46.7 M | 46.7 M | 46.5 M | - | 46.2 M | 46.1 M | 46 M | - | 45.6 M | 45.6 M | 45.5 M | - | 45.2 M | 45.2 M | 45.1 M | - | 44.7 M | 44.5 M | 44.5 M | - | 44.2 M | 44.1 M | 43.9 M | - | 43.5 M | 43.4 M | 43.4 M | 42.7 M | 43.3 M |
Net Income |
35.4 M | 31.1 M | - | 47.5 M | 26 M | 4.32 M | - | 18.3 M | 21.8 M | 5.25 M | - | 9.02 M | 2.1 M | -14.7 M | - | -10.3 M | -3.42 M | -10.4 M | - | 6.19 M | 6.73 M | -164 K | -13.6 M | 4.88 M | 11.8 M | 4.64 M | 1.32 M | 4.57 M | 7.14 M | -1.12 M | 9.33 M | 11.2 M | 6.59 M | 17.8 M | 36.6 M | 12.8 M | 11 M | 13.1 M | 17.3 M | 8.93 M | 9.06 M | 6.24 M | 6.41 M | 25.6 M | 25.6 M | 25.6 M | 4.82 M | 28.3 M | 28.3 M | 28.3 M | 11.8 M | 30.5 M | 30.5 M | 30.5 M | 3.27 M | 6.58 M | 6.58 M | 6.58 M | 6.35 M | 33.2 M | 33.2 M | 33.2 M | 8.52 M | 6.79 M |
Revenue |
291 M | 281 M | - | 281 M | 281 M | 270 M | - | 287 M | 287 M | 279 M | - | 278 M | 271 M | 262 M | - | 261 M | 265 M | 257 M | - | 231 M | 229 M | 219 M | 243 M | 215 M | 232 M | 224 M | 238 M | 221 M | 226 M | 216 M | 221 M | 210 M | 214 M | 204 M | 217 M | 194 M | 192 M | 185 M | 198 M | 183 M | 180 M | 169 M | 176 M | 159 M | 156 M | 147 M | 153 M | 145 M | 139 M | 128 M | 135 M | 128 M | 125 M | 116 M | 120 M | 122 M | 110 M | 94.7 M | 95 M | 95.4 M | 93.8 M | 86.6 M | 83.2 M | 80.7 M |
Cost of Revenue |
112 M | 115 M | - | 114 M | 114 M | 115 M | - | 129 M | 125 M | 126 M | - | 122 M | 121 M | 123 M | - | 121 M | 126 M | 123 M | - | 108 M | 108 M | 103 M | - | 98.7 M | 105 M | 105 M | - | 102 M | 101 M | 99.3 M | - | 95.2 M | 95.2 M | 88 M | - | 87 M | 87 M | 85.5 M | - | 83.3 M | 83.6 M | 79.9 M | - | 74.2 M | 73.4 M | 71.8 M | - | 68.1 M | 64.7 M | 63.3 M | - | 56.1 M | 56.6 M | 53.6 M | - | 55.1 M | 50.5 M | 41.1 M | - | 39.7 M | 39.3 M | 36.1 M | 33.3 M | 31.7 M |
Gross Profit |
178 M | 167 M | - | 167 M | 168 M | 155 M | - | 157 M | 163 M | 153 M | - | 156 M | 150 M | 139 M | - | 140 M | 139 M | 134 M | - | 124 M | 121 M | 116 M | 123 M | 116 M | 127 M | 119 M | 121 M | 119 M | 125 M | 117 M | 118 M | 114 M | 118 M | 116 M | 115 M | 107 M | 105 M | 99.6 M | 106 M | 99.7 M | 96.6 M | 89.4 M | 90.7 M | 84.6 M | 82.8 M | 75.2 M | 75.5 M | 76.4 M | 74.7 M | 64.3 M | 68.5 M | 71.7 M | 68.9 M | 62 M | 64.3 M | 67.3 M | 59.7 M | 53.6 M | 53 M | 55.7 M | 54.5 M | 50.5 M | 50 M | 49 M |
Operating Income |
62 M | 51.4 M | - | 54.6 M | 56.7 M | 19.7 M | - | 41.1 M | 42.1 M | 10.7 M | - | 22 M | 294 K | -9.95 M | - | -7.01 M | 54 K | -5.98 M | - | 11.8 M | 13 M | 6.64 M | -850 K | 10.1 M | 19.6 M | 8.42 M | 3.59 M | 7.88 M | 13.5 M | 2.18 M | 14.7 M | 15.8 M | 11.4 M | 17.6 M | 20 M | 18.4 M | 16.5 M | 13.3 M | 24 M | 13.5 M | 13.6 M | 10.6 M | 10.3 M | 14 M | 14.5 M | 8.01 M | 7.59 M | 13.5 M | 16 M | 9.28 M | 14.6 M | 18 M | 14.3 M | 4.59 M | 9.88 M | 6.18 M | -1.88 M | 5.25 M | 10.6 M | 16 M | 14.5 M | 9.81 M | 13.1 M | 11.2 M |
Interest Expense |
17.6 M | 16 M | - | 16.8 M | 18.4 M | 16.9 M | - | 14.1 M | 15.7 M | 10.3 M | - | 9.62 M | 11.2 M | 10.7 M | - | 9.34 M | 8.98 M | 7.6 M | - | 4 M | 5.05 M | 5.11 M | - | 4 M | 3.89 M | 4.16 M | - | 5.11 M | 5.8 M | 5.32 M | - | 4.14 M | 4.3 M | 3.52 M | - | 3.09 M | 3.22 M | 2.38 M | - | 2.64 M | 2.72 M | 2.68 M | - | 1.82 M | 1.87 M | 1.69 M | - | 1.27 M | 1.33 M | 1.46 M | - | 1.39 M | 1.5 M | 1.69 M | - | 1.98 M | 1.46 M | 191 K | - | 59 K | 60 K | 24 K | 45 K | 79 K |
EBITDA |
103 M | 72 M | - | 55.1 M | 57.3 M | 41.4 M | - | 42.1 M | 43 M | 40.8 M | - | 22.8 M | 1.08 M | 17.3 M | - | -6.36 M | 859 K | 19.6 M | - | 72.3 M | 13.6 M | 27.1 M | -850 K | 78.8 M | 65.7 M | 30.2 M | 3.59 M | 71.9 M | 56.6 M | 23.9 M | 14.7 M | 75.8 M | 51.2 M | 37.4 M | 20 M | 73.2 M | 53 M | 31.4 M | 24 M | 66.6 M | 49.2 M | 28.2 M | 10.3 M | 55.3 M | 41.7 M | 21.7 M | 7.59 M | 46.1 M | 37.2 M | 20 M | 14.6 M | 50.1 M | 35.9 M | 15.2 M | 9.88 M | 27.6 M | 10.3 M | 10.1 M | 10.6 M | 28.4 M | 22.7 M | 13.9 M | 25.1 M | 19 M |
Operating Expenses |
116 M | 115 M | - | 113 M | 111 M | 135 M | - | 116 M | 120 M | 142 M | - | 134 M | 149 M | 149 M | - | 147 M | 139 M | 140 M | - | 112 M | 108 M | 109 M | - | 106 M | 107 M | 110 M | - | 111 M | 111 M | 114 M | - | 98.5 M | 107 M | 98.6 M | - | 89 M | 88.1 M | 86.3 M | - | 86.2 M | 83 M | 78.8 M | - | 70.7 M | 68.4 M | 67.2 M | - | 62.9 M | 58.7 M | 55 M | - | 53.7 M | 54.5 M | 57.5 M | - | 61.2 M | 61.6 M | 48.4 M | - | 39.7 M | 40 M | 40.7 M | 36.8 M | 37.8 M |
General and Administrative Expenses |
34.4 M | 30.3 M | - | 31 M | 32.9 M | 56.7 M | - | 27.5 M | 33.4 M | 47.8 M | - | 42.6 M | 59.1 M | 52.8 M | - | 49.9 M | 47.4 M | 43.8 M | - | 34.7 M | 32 M | 30.6 M | - | 34.1 M | 29.8 M | 25.9 M | - | 28.9 M | 28.5 M | 27.1 M | - | 24.9 M | 28.4 M | 25.1 M | - | 23.5 M | 21.9 M | 21.9 M | - | 22.3 M | 20.1 M | 19.7 M | - | 18.4 M | 18 M | 16.8 M | - | 15.5 M | 13.8 M | 12.8 M | - | 12.6 M | 12.8 M | 12.7 M | - | 15 M | 21.8 M | 14.5 M | - | 8.98 M | 9.18 M | 9.2 M | 7.9 M | 6.9 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Blackbaud (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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