BLACKBAUD INC (BLKB) FY2025 10-K Annual Report
BLACKBAUD INC (BLKB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
BLACKBAUD INC FY2025 10-K Analysis
Business Overview
- • Core business: AI-powered cloud software and services for social impact organizations’ fundraising, engagement, education, financial management, and CSR operations
- • New products: Launched Blackbaud AI Chat and Agents for Good™ agentic AI suite in late 2025 for enhanced autonomous fundraising, finance, and corporate impact workflows
- • Strategic shift: Expanded multi-year Intelligence for Good® AI integration focused on elevating machine learning and generative AI to improve product connectivity and customer outcomes
- • Quantitative metric: Repurchased 3.34 million shares for $214 million in 2025, representing 7.9% of outstanding stock, with $960.6 million remaining available for buybacks
- • Noteworthy fact: Over 20% of customers now under extended 4+ year contracts, enhancing revenue visibility amid a renewal cohort 40% larger in 2026 than prior years
Management Discussion & Analysis
- • No specific revenue figures or YoY changes disclosed for fiscal year 2026
- • No profitability or margin percentages provided
- • No segment performance metrics reported in text
- • No cash flow, buybacks, dividends, or capex amounts mentioned
- • Forward outlook or risks not discussed in provided excerpt
Risk Factors
- • U.S. tax law changes under OBBBA enacted July 4, 2025, expected to reduce cash taxes through 2027, with evolving state conformity impacts
- • Geopolitical exposure in India via expansion of Global Capability Center in Hyderabad, leveraging labor arbitrage and follow-the-sun operations
- • Workforce transition costs of $6M-$8M in 2026 due to insourcing roles into Hyderabad center, impacting operational efficiency initiatives
- • Competitive pressure from AI-enhanced fundraising and payment solutions, including newly launched Agents for Good AI suite
- • Net leverage ratio 2.52x with $1.1B debt as of December 31, 2025, amidst $214M share repurchases and $38.9M cash holdings
BLACKBAUD INC FY2025 Key Financial MetricsXBRL
Revenue
$1.1B
▼ -2.3% YoY
Net Income
$115M
▲ +140.6% YoY
Gross Margin
58.8%
▲ +346bp YoY
Operating Margin
16.9%
▲ +4032bp YoY
Net Margin
10.2%
▲ +3470bp YoY
ROE
135.2%
▲ +33460bp YoY
Total Assets
$2.4B
▼ -4.2% YoY
EPS (Diluted)
$2.37
▲ +142.3% YoY
Operating Cash Flow
$266M
▼ -10.3% YoY
Source: XBRL data from BLACKBAUD INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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