BLACKBAUD INC
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
BLKB$54.58+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (dollars in thousands, except per share amounts) | December 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $38,914 | $67,628 |
| Restricted cash | 720,061 | 741,884 |
| Accounts receivable, net of allowance of $5,876 and $5,228 at December 31, 2025 and December 31, 2024, respectively | 80,517 | 83,539 |
| Customer funds receivable | 1,308 | 1,970 |
| Prepaid expenses and other current assets | 89,290 | 81,572 |
| Total current assets | 930,090 | 976,593 |
| Property and equipment, net | 85,076 | 91,926 |
| Operating lease right-of-use assets | 4,630 | 26,554 |
| Software development costs, net | 155,842 | 148,319 |
| Goodwill | 1,056,815 | 1,052,506 |
| Intangible assets, net | 106,654 | 132,881 |
| Other assets | 51,575 | 67,221 |
| Total assets | $2,390,682 | $2,496,000 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Trade accounts payable | $27,344 | $50,810 |
| Accrued expenses and other current liabilities | 43,272 | 76,484 |
| Due to customers | 719,833 | 742,340 |
| Debt, current portion | 22,660 | 23,875 |
| Deferred revenue, current portion | 368,986 | 358,546 |
| Total current liabilities | 1,182,095 | 1,252,055 |
| Debt, net of current portion | 1,087,037 | 1,051,110 |
| Deferred tax liability | 21,981 | 24,999 |
| Deferred revenue, net of current portion | 2,778 | 2,015 |
| Operating lease liabilities, net of current portion | 4,605 | 34,186 |
| Other liabilities | 7,132 | 4,796 |
| Total liabilities | 2,305,628 | 2,369,161 |
| Commitments and contingencies (see Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock; 20,000,000 shares authorized; none outstanding | — | — |
| Common stock, $0.001 par value; 180,000,000 shares authorized; 72,312,354 and 70,943,373 shares issued at December 31, 2025 and December 31, 2024, respectively; 46,705,325 and 49,245,588 shares outstanding at December 31, 2025 and December 31, 2024, respectively | 72 | 71 |
| Additional paid-in capital | 1,391,641 | 1,291,442 |
| Treasury stock, at cost; 25,607,029 and 21,697,785 shares at December 31, 2025 and December 31, 2024, respectively | (1,316,224) | (1,060,348) |
| Accumulated other comprehensive loss | (5,948) | (4,869) |
| Retained earnings (accumulated deficit) | 15,513 | (99,457) |
| Total stockholders’ equity | 85,054 | 126,839 |
| Total liabilities and stockholders’ equity | $2,390,682 | $2,496,000 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
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