← BLACKBAUD INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | |||||||||||
| Gross profit | $391.6m | $426.4m | $466.9m | $482.0m | $485.2m | $484.5m | $552.7m | $603.2m | $639.2m | $663.3m | |
| Research and development | $89.9m | $89.9m | $98.8m | $106.2m | $100.1m | $124.6m | $156.9m | $153.3m | $160.6m | $138.1m | |
| Total operating expenses | $329.8m | $362.4m | $407.4m | $454.9m | $447.9m | $459.6m | $581.2m | $558.5m | $909.7m | $472.5m | |
| Sales, marketing and customer success | $155.8m | $173.5m | $192.8m | $224.2m | $209.8m | $186.3m | $221.5m | $212.2m | $197.5m | $177.6m | |
| General and administrative | $81.3m | $94.9m | $106.4m | $113.4m | $134.9m | $146.3m | $199.9m | $189.9m | $142.7m | $154.6m | |
| Amortization | $2.8m | $3.3m | $4.8m | $5.3m | $2.9m | $2.2m | $2.9m | $3.1m | $3.5m | $2.2m | |
| EVERFI disposition | — | — | — | — | — | — | $0 | $0 | $405.4m | $0 | |
| Income (loss) from operations | $61.8m | $64.0m | $59.4m | $27.1m | $37.2m | $24.9m | ($28.5m) | $44.7m | ($270.5m) | $190.8m | |
| Other income, net | ($291k) | $2.3m | $1.1m | $4.1m | $1.7m | $180k | $8.7m | $12.9m | $14.5m | $9.0m | |
| Income (loss) before provision (benefit) for income taxes | $50.9m | $54.2m | $44.6m | $10.6m | $21.6m | $7.1m | ($55.6m) | $17.6m | ($311.6m) | $131.8m | |
| Income tax provision (benefit) | $9.4m | ($11.7m) | ($219k) | ($1.3m) | $13.9m | $1.4m | ($10.2m) | $15.8m | ($28.4m) | $16.8m | |
| Foreign currency translation adjustment | $324k | ($943k) | ($5.2m) | $2.6m | $4.6m | $661k | ($16.2m) | $5.0m | ($2.8m) | $8.9m | |
| Unrealized loss on derivative instruments, net of tax | — | — | — | ($2.8m) | ($1.8m) | $8.4m | $18.6m | ($15.7m) | ($359k) | ($9.9m) | |
| Comprehensive income (loss) | $41.9m | $65.7m | $40.2m | $11.7m | $10.5m | $14.7m | ($43.0m) | ($8.8m) | ($286.4m) | $113.9m | |
| Total other comprehensive loss | $368k | ($192k) | ($4.6m) | ($180k) | $2.8m | $9.0m | $2.4m | ($10.6m) | ($3.2m) | ($1.1m) | |
| Net income (loss) | $41.5m | $65.9m | $44.8m | $11.9m | $7.7m | $5.7m | ($45.4m) | $1.8m | ($283.2m) | $115.0m | |
| Basic earnings (loss) per share | $0.90 | $1.41 | $0.95 | $0.25 | $0.16 | $0.12 | ($0.88) | $0.03 | ($5.60) | $2.41 | |
| Diluted earnings (loss) per share | $0.88 | $1.38 | $0.93 | $0.25 | $0.16 | $0.12 | ($0.88) | $0.03 | ($5.60) | $2.37 | |
| Basic weighted average shares | $46.1m | $46.7m | $47.2m | $47.7m | $48.2m | $47.4m | $51.6m | $52.5m | $50.6m | $47.7m | |
| Diluted weighted average shares | $47.3m | $47.8m | $48.0m | $48.3m | $48.7m | $48.2m | $51.6m | $53.7m | $50.6m | $48.5m | |
| Interest expense | ($10.6m) | ($12.1m) | ($15.9m) | ($20.6m) | ($17.3m) | ($18.0m) | ($35.8m) | ($39.9m) | ($55.6m) | ($68.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.