BLACKBAUD INC
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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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.
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 Statements of Comprehensive
Consolidated Statements of Comprehensive Income (Loss)
| (dollars in thousands, except per share amounts) | Years ended December 31, | ||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Revenue | $1,128,365 | $1,154,624 | $1,107,080 |
| Cost of revenue | 465,073 | 523,198 | 508,025 |
| Gross profit | 663,292 | 631,426 | 599,055 |
| Operating expenses | |||
| Sales, marketing and customer success | 177,564 | 197,499 | 212,158 |
| Research and development | 138,130 | 153,680 | 147,467 |
| General and administrative | 154,610 | 142,723 | 189,938 |
| Amortization of intangible assets | 2,234 | 3,541 | 3,139 |
| EVERFI disposition | — | 405,360 | — |
| Total operating expenses | 472,538 | 902,803 | 552,702 |
| Income (loss) from operations | 190,754 | (271,377) | 46,353 |
| Interest expense | (67,970) | (55,634) | (39,922) |
| Other income, net | 8,999 | 14,549 | 12,861 |
| Income (loss) before provision (benefit) for income taxes | 131,783 | (312,462) | 19,292 |
| Income tax provision (benefit) | 16,813 | (12,938) | 16,274 |
| Net income (loss) | $114,970 | $(299,524) | $3,018 |
| Earnings (loss) per share | |||
| Basic | $2.41 | $(5.92) | $0.06 |
| Diluted | $2.37 | $(5.92) | $0.06 |
| Common shares and equivalents outstanding | |||
| Basic weighted average shares | 47,680,184 | 50,560,538 | 52,546,406 |
| Diluted weighted average shares | 48,469,961 | 50,560,538 | 53,721,342 |
| Other comprehensive loss | |||
| Foreign currency translation adjustment | $8,867 | $(2,822) | $5,049 |
| Unrealized loss on derivative instruments, net of tax | (9,946) | (359) | (15,675) |
| Total other comprehensive loss | (1,079) | (3,181) | (10,626) |
| Comprehensive income (loss) | $113,891 | $(302,705) | $(7,608) |
| The accompanying notes are an integral part of these consolidated financial statements. | |||
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