Blackbaud Income Statement
BLKB / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Blackbaud reported $1.1B in revenue and $115M in net income for FY2025. Revenue has grown at a 8.3% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 0.66 (distress zone, below 1.8 threshold)
- Negative profit margin: -22.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.1B | $1.1B | $927.7M | $913.2M | $215.8M | $848.6M | $788.5M | $731.6M | $637.9M | $127.6M | $503.8M | $447.4M | $370.9M |
| Cost of Revenue | $465.1M | $523.2M | $508.0M | $505.4M | $443.2M | $428.1M | $418.4M | $381.7M | $361.9M | $339.2M | $304.6M | $273.4M | $232.7M | $202.5M | $157.2M |
| Gross Profit | $663.3M | $631.4M | $599.1M | $552.7M | $484.5M | $485.2M | $482.0M | $466.9M | $426.6M | $392.4M | $333.3M | $64.3M | $271.2M | $245.0M | $213.7M |
| SG&A Expense | $154.6M | $142.7M | $189.9M | $199.9M | $146.3M | $134.9M | $113.4M | $106.4M | $94.9M | $81.3M | $76.1M | $58.3M | $50.3M | $63.1M | $36.9M |
| R&D Expense | $138.1M | $153.7M | $147.5M | $156.9M | $124.6M | $100.1M | $106.2M | $98.8M | $89.9M | $89.9M | $84.6M | $77.2M | $65.6M | $64.7M | $47.7M |
| Operating Income | $190.8M | -$271.4M | $46.4M | -$28.5M | $24.9M | $37.2M | $27.1M | $59.4M | $68.2M | $68.2M | $46.7M | $9.3M | $51.5M | $19.4M | $50.9M |
| Interest Expense | $68.0M | $55.6M | $39.9M | $35.8M | $18.0M | $17.3M | $20.6M | $15.9M | $12.1M | $10.6M | $8.1M | $6.0M | -$5.8M | $5.9M | $200.0K |
| Income Tax | $16.8M | -$12.9M | $16.3M | -$10.2M | $1.4M | $13.9M | -$1.3M | -$219.0K | -$15.3M | $11.9M | $11.3M | $10.9M | $14.9M | $6.7M | $18.0M |
| Net Income | $115.0M | -$299.5M | $3.0M | -$45.4M | $5.7M | $7.7M | $11.9M | $44.8M | $73.6M | $45.4M | $25.6M | $3.8M | $30.5M | $6.6M | $33.2M |
| EPS (Basic) | $0.06 | -$0.88 | $0.12 | $0.16 | $0.25 | $0.95 | $1.58 | $0.95 | $1.58 | $0.98 | $0.56 | $0.15 | $0.68 | $0.15 | $0.76 |
| EPS (Diluted) | $0.06 | -$0.88 | $0.12 | $0.16 | $0.25 | $0.93 | $1.54 | $0.93 | $1.54 | $0.96 | $0.55 | $0.15 | $0.67 | $0.15 | $0.75 |
| Shares Outstanding | 49.2M | 53.6M | 53.1M | 48.7M | 48.3M | 48.0M | 47.8M | 48.0M | 47.8M | 47.3M | 46.5M | 44.7M | 45.4M | 44.7M | 44.1M |
| Gross Margin | 58.8% | 54.7% | 54.1% | 52.2% | 52.2% | 53.1% | 223.3% | 55.0% | 54.1% | 53.6% | 52.2% | 50.4% | 53.8% | 54.8% | 57.6% |
| Operating Margin | 16.9% | -23.5% | 4.2% | -2.7% | 2.7% | 4.1% | 12.6% | 7.0% | 8.6% | 9.3% | 7.3% | 7.3% | 10.2% | 4.3% | 13.7% |
| Profit Margin | 10.2% | -25.9% | 0.3% | -4.3% | 0.6% | 0.9% | 5.5% | 5.3% | 9.3% | 6.2% | 4.0% | 3.0% | 6.0% | 1.5% | 9.0% |