BLACKBAUD INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 21, 2025
BLKB$54.58+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive
Consolidated Statements of Comprehensive Loss
| (dollars in thousands, except per share amounts) | Years ended December 31, | ||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| Revenue | |||
| Recurring | $1,129,114 | $1,071,520 | $1,011,733 |
| One-time services and other | 26,381 | 33,912 | 46,372 |
| Total revenue | 1,155,495 | 1,105,432 | 1,058,105 |
| Cost of revenue | |||
| Cost of recurring | 494,588 | 470,455 | 463,449 |
| Cost of one-time services and other | 21,704 | 31,733 | 41,940 |
| Total cost of revenue | 516,292 | 502,188 | 505,389 |
| Gross profit | 639,203 | 603,244 | 552,716 |
| Operating expenses | |||
| Sales, marketing and customer success | 197,499 | 212,158 | 221,455 |
| Research and development | 160,586 | 153,304 | 156,913 |
| General and administrative | 142,723 | 189,938 | 199,908 |
| Amortization | 3,541 | 3,139 | 2,925 |
| EVERFI disposition | 405,360 | — | — |
| Total operating expenses | 909,709 | 558,539 | 581,201 |
| (Loss) income from operations | (270,506) | 44,705 | (28,485) |
| Interest expense | (55,634) | (39,922) | (35,803) |
| Other income, net | 14,549 | 12,861 | 8,713 |
| (Loss) income before (benefit) provision for income taxes | (311,591) | 17,644 | (55,575) |
| Income tax (benefit) provision | (28,419) | 15,824 | (10,168) |
| Net (loss) income | $(283,172) | $1,820 | $(45,407) |
| (Loss) earnings per share | |||
| Basic | $(5.60) | $0.03 | $(0.88) |
| Diluted | $(5.60) | $0.03 | $(0.88) |
| Common shares and equivalents outstanding | |||
| Basic weighted average shares | 50,560,538 | 52,546,406 | 51,569,148 |
| Diluted weighted average shares | 50,560,538 | 53,721,342 | 51,569,148 |
| Other comprehensive (loss) income | |||
| Foreign currency translation adjustment | $(2,822) | $5,049 | $(16,160) |
| Unrealized (loss) gain on derivative instruments, net of tax | (359) | (15,675) | 18,576 |
| Total other comprehensive (loss) income | (3,181) | (10,626) | 2,416 |
| Comprehensive loss | $(286,353) | $(8,806) | $(42,991) |
| The accompanying notes are an integral part of these consolidated financial statements. | |||
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