Blackbaud, Inc. (BLKB) Financials

NASDAQ:BLKB

Market Cap

3.94B

Total Revenue

1.06B

Gross Profit

552.72M

Operating Income

-19.77M

Net Income

-45.41M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	503,817,000	564,421,000	637,940,000	730,815,000	788,306,000	848,606,000	900,423,000	913,219,000	927,740,000	1,058,105,000
costOfRevenue	232,663,000	273,438,000	304,631,000	339,220,000	361,904,000	381,742,000	418,424,000	428,065,000	443,195,000	505,389,000
grossProfit	271,154,000	290,983,000	333,309,000	391,595,000	426,402,000	466,864,000	481,999,000	485,154,000	484,545,000	552,716,000
researchAndDevelopmentExpenses	65,645,000	77,179,000	84,636,000	89,870,000	89,911,000	98,811,000	106,164,000	100,146,000	124,573,000	156,913,000
sellingAndMarketingExpenses	97,614,000	107,360,000	123,646,000	155,754,000	173,525,000	192,848,000	224,152,000	209,762,000	186,314,000	221,455,000
generalAndAdministrativeExpenses	50,320,000	58,277,000	76,084,000	81,331,000	94,870,000	106,354,000	113,414,000	134,852,000	146,262,000	199,908,000
sellingGeneralAndAdministrativeExpenses	147,934,000	165,637,000	199,730,000	237,085,000	268,395,000	299,202,000	337,566,000	344,614,000	332,576,000	421,363,000
operatingExpenses	216,118,000	244,619,000	286,597,000	329,795,000	361,577,000	402,857,000	449,046,000	447,675,000	459,376,000	581,201,000
operatingIncome	51,542,000	46,364,000	46,712,000	61,800,000	64,031,000	59,417,000	37,011,000	37,243,000	24,906,000	-19,772,000
totalOtherIncomeExpensesNet	-3,956,000	-1,178,000	-1,687,000	-291,000	1,466,000	-3,487,000	-26,426,000	-15,629,000	-17,823,000	-35,803,000
ebitda	97,805,000	91,658,000	101,022,000	132,000,000	141,033,000	144,676,000	122,704,000	131,872,000	107,759,000	82,597,000
depreciationAndAmortization	43,164,000	45,417,000	55,997,000	70,491,000	73,948,000	79,566,000	85,693,000	94,629,000	82,853,000	102,369,000
interestIncome	67,000	59,000	155,000	581,000	993,000	2,008,000	2,802,000	1,660,000	392,000	1,746,000
interestExpense	5,818,000	6,011,000	8,073,000	10,583,000	12,097,000	15,898,000	20,618,000	17,287,000	18,003,000	35,803,000
incomeBeforeTax	45,329,000	39,234,000	36,952,000	50,926,000	54,194,000	44,622,000	10,585,000	21,614,000	7,083,000	-55,575,000
incomeTaxExpense	14,857,000	10,944,000	11,303,000	9,411,000	-11,739,000	-219,000	-1,323,000	13,897,000	1,385,000	-10,168,000
netIncome	30,472,000	28,290,000	25,649,000	41,515,000	65,933,000	44,841,000	11,908,000	7,717,000	5,698,000	-45,407,000
eps	0.68	0.63	0.56	0.9	1.41	0.95	0.25	0.16	0.12	-0.88
epsdiluted	0.67	0.62	0.55	0.88	1.38	0.93	0.25	0.16	0.12	-0.88
weightedAverageShsOut	44,684,812	45,215,138	45,623,854	46,132,389	46,669,440	47,206,669	47,695,383	48,184,714	47,412,306	51,569,148
weightedAverageShsOutDil	45,421,140	45,799,874	46,498,704	47,316,538	47,775,702	48,045,084	48,312,271	48,696,341	48,230,438	51,569,148
costAndExpenses	448,781,000	518,057,000	591,228,000	669,015,000	723,481,000	784,599,000	867,470,000	875,740,000	902,571,000	1,086,590,000
otherExpenses	-462,000	-182,000	-1,687,000	-291,000	2,260,000	1,103,000	5,316,000	2,915,000	2,227,000	2,925,000

Key Facts

Industry

Software—Application

Sector

Technology

Headquarters

Charleston, SC, US

Website

blackbaud.com

CEO

Mr. Michael P. Gianoni

Employees

3200

About the Company

Blackbaud, Inc. provides cloud software solutions to higher education institutions, K12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services. It sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.