Blackbaud Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,128	1,155	1,107	1,058	927.74
Revenue Growth (YoY)	-2.27%	4.29%	4.63%	14.05%	1.59%
Cost of Revenue	464.77	523.2	508.03	505.39	443.2
Gross Profit	663.59	631.43	599.06	552.72	484.55
Selling, General & Admin	303.17	294.72	343.07	359.44	325.46
Research & Development	138.13	153.68	147.47	156.91	124.57
Amortization of Goodwill & Intangibles	2.23	3.54	3.14	2.93	2.23
Operating Expenses	443.53	451.94	493.68	519.28	452.26
Operating Income	220.06	179.48	105.38	33.44	32.29
Interest Expense	-67.97	-55.63	-39.92	-35.8	-18
Interest & Investment Income	7.89	9.85	8.82	1.75	0.39
Currency Exchange Gain (Loss)	-2.85	0.49	-0.04	4.64	-1.64
Other Non Operating Income (Expenses)	3.95	4.22	4.08	2.33	1.43
EBT Excluding Unusual Items	161.09	138.4	78.32	6.35	14.46
Merger & Restructuring Charges	-26.2	-9.2	-5.6	-3.9	-3.86
Gain (Loss) on Sale of Assets	-	-405.36	-	-	-
Asset Writedown	-	-22.6	-	-2.3	-1.7
Other Unusual Items	-3.1	-13.7	-53.43	-57.61	-40.56
Pretax Income	131.78	-312.46	19.29	-55.58	7.08
Income Tax Expense	16.81	-12.94	16.27	-10.17	1.39
Net Income	114.97	-299.52	3.02	-45.41	5.7
Net Income to Common	114.97	-299.52	3.02	-45.41	5.7
Net Income Growth	-	-	-	-	-26.16%
Shares Outstanding (Basic)	48	51	53	52	47
Shares Outstanding (Diluted)	48	51	54	52	48
Shares Change (YoY)	-4.13%	-5.88%	4.17%	6.92%	-0.96%
EPS (Basic)	2.41	-5.92	0.06	-0.88	0.12
EPS (Diluted)	2.37	-5.92	0.06	-0.88	0.12
EPS Growth	-	-	-	-	-25.00%
Free Cash Flow	257.78	288.53	194.95	191.6	202
Free Cash Flow Per Share	5.32	5.71	3.63	3.71	4.19
Gross Margin	58.81%	54.69%	54.11%	52.24%	52.23%
Operating Margin	19.50%	15.54%	9.52%	3.16%	3.48%
Profit Margin	10.19%	-25.94%	0.27%	-4.29%	0.61%
Free Cash Flow Margin	22.85%	24.99%	17.61%	18.11%	21.77%
EBITDA	259.97	252.85	172.07	99.01	83.7
EBITDA Margin	23.04%	21.90%	15.54%	9.36%	9.02%
D&A For EBITDA	39.92	73.37	66.69	65.57	51.41
EBIT	220.06	179.48	105.38	33.44	32.29
EBIT Margin	19.50%	15.54%	9.52%	3.16%	3.48%
Effective Tax Rate	12.76%	-	84.36%	-	19.55%
Revenue as Reported	-	-	-	1,058	927.74
Advertising Expenses	16.1	16	14	16.5	7.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.