← BLACKBAUD INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $16.9m | $29.8m | $30.9m | $31.8m | $35.8m | $55.1m | $31.7m | $31.3m | $67.6m | $38.9m | |
| Accounts receivable, net of allowance of $5,876 and $5,228 at December 31, 2025 and December 31, 2024, respectively | $88.9m | $96.3m | $86.6m | $88.9m | $95.4m | $102.7m | $102.8m | $101.9m | $83.5m | $80.5m | |
| Customer funds receivable | $0 | $1.5m | $1.8m | $524k | $321k | $977k | $249k | $353k | $2.0m | $1.3m | |
| Prepaid expenses and other current assets | $48.3m | $56.1m | $59.8m | $67.9m | $78.4m | $95.5m | $81.7m | $99.3m | $81.3m | $89.3m | |
| Total current assets | $507.9m | $794.1m | $598.0m | $734.5m | $819.1m | $851.0m | $918.6m | $929.8m | $976.3m | $930.1m | |
| Property and equipment, net | $50.3m | $42.2m | $40.0m | $35.5m | $105.2m | $111.4m | $107.4m | $98.7m | $91.9m | $85.1m | |
| Software and content development costs, net | $37.6m | $54.1m | $75.1m | $101.3m | — | — | — | $160.2m | $148.3m | $155.8m | |
| Goodwill | $438.2m | $530.2m | $545.2m | $634.1m | $635.9m | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Intangible assets, net | $253.7m | $314.7m | $291.6m | $317.9m | $277.5m | $698.1m | $635.1m | $581.9m | $132.9m | $106.7m | |
| Operating lease right-of-use assets | — | — | $0 | $104.4m | $22.7m | $53.9m | $45.9m | $36.9m | $26.6m | $4.6m | |
| Other assets | $22.5m | $24.1m | $65.4m | $65.2m | $72.6m | $77.3m | $94.3m | $51.0m | $67.2m | $51.6m | |
| Accrued expenses and other current liabilities | $54.2m | $54.4m | $46.9m | $73.3m | $52.2m | $100.1m | $86.0m | $64.3m | $75.5m | $43.3m | |
| Due to customers | $353.8m | $611.9m | $420.7m | $546.0m | $608.3m | $594.3m | $700.9m | $695.8m | $742.3m | $719.8m | |
| Operating lease liabilities, net of current portion | — | — | $0 | $95.6m | $17.4m | $53.4m | $44.9m | $40.1m | $34.2m | $4.6m | |
| Other liabilities | $8.5m | $5.6m | $9.4m | $5.7m | $10.9m | $1.3m | $4.3m | $10.3m | $4.8m | $7.1m | |
| Total restricted cash | $353.8m | $610.3m | $419.0m | $545.5m | $609.2m | $596.6m | $702.2m | $697.0m | $741.9m | $720.1m | |
| Total assets | $1.3b | $1.8b | $1.6b | $2.0b | $2.0b | $3.0b | $3.0b | $2.9b | $2.5b | $2.4b | |
| Total liabilities and stockholders' equity | $1.3b | $1.8b | $1.6b | $2.0b | $2.0b | $3.0b | $3.0b | $2.9b | $2.5b | $2.4b | |
| Trade accounts payable | $23.3m | $24.7m | $34.5m | $47.7m | $27.8m | $22.1m | $42.6m | $25.2m | $50.8m | $27.3m | |
| Debt, current portion | $4.4m | $8.6m | $7.5m | $7.5m | $12.8m | $18.7m | $18.8m | $19.3m | $23.9m | $22.7m | |
| Deferred revenue, current portion | $244.5m | $276.5m | $296.0m | $314.3m | $312.2m | $374.5m | $382.4m | $392.5m | $359.5m | $369.0m | |
| Debt, net of current portion | $338.0m | $429.6m | $379.6m | $459.6m | $518.2m | $937.5m | $840.2m | $760.4m | $1.1b | $1.1b | |
| Deferred revenue, net of current portion | $6.4m | $3.6m | $2.6m | $1.8m | $4.7m | $4.2m | $2.8m | $2.4m | $2.0m | $2.8m | |
| Total current liabilities | $680.1m | $976.0m | $805.7m | $988.8m | $1.0b | $1.1b | $1.2b | $1.2b | $1.3b | $1.2b | |
| Deferred tax liability | $29.6m | $37.6m | $44.3m | $44.6m | $54.1m | $148.5m | $125.8m | $93.3m | $9.5m | $22.0m | |
| Total liabilities | $1.1b | $1.5b | $1.2b | $1.6b | $1.6b | $2.3b | $2.2b | $2.1b | $2.4b | $2.3b | |
| Preferred stock, shares authorized | — | — | — | $20.0m | $20.0m | $20.0m | $20.0m | $20.0m | $20.0m | $20.0m | |
| Preferred stock, shares outstanding | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Preferred stock; 20,000,000 shares authorized; none outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common stock, shares authorized | — | — | — | $180.0m | $180.0m | $180.0m | $180.0m | $180.0m | $180.0m | $180.0m | |
| Common stock, shares issued | — | — | — | $60.2m | $60.9m | $66.2m | $67.8m | $69.2m | $70.9m | $72.3m | |
| Common stock, shares, outstanding | — | — | — | — | — | — | 53.1m | 53.6m | 49.2m | 46.7m | |
| 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 | 58k | 59k | 59k | 60k | 61k | 66k | 68k | 69k | 71k | 72k | |
| Additional paid-in capital | $310.5m | $351.0m | $399.2m | $457.8m | $545.0m | $968.9m | $1.1b | $1.2b | $1.3b | $1.4b | |
| Treasury stock, common, shares | — | — | — | — | — | — | $14.7m | $15.6m | $21.7m | $25.6m | |
| Treasury stock, at cost; 25,607,029 and 21,697,785 shares at December 31, 2025 and December 31, 2024, respectively | ($215.2m) | ($239.2m) | ($266.9m) | ($290.7m) | ($353.1m) | ($500.9m) | ($537.3m) | ($591.6m) | ($1.1b) | ($1.3b) | |
| Accumulated other comprehensive loss | ($457k) | ($649k) | ($5.1m) | ($5.3m) | ($2.5m) | $6.5m | $8.9m | ($1.7m) | ($4.9m) | ($5.9m) | |
| Retained earnings | $152.7m | $195.6m | $246.5m | $234.9m | $236.7m | $242.5m | $197.0m | $198.9m | ($84.3m) | $15.5m | |
| Total stockholders' equity | $247.5m | $306.9m | $373.8m | $396.8m | $426.1m | $717.1m | $744.0m | $808.7m | $142.0m | $85.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.