Short answer
BLACKBAUD INC (BLKB) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $1.1B (−2.3% year over year) and net income of $115M.
- Top risk flagged: U.S. tax law changes under OBBBA enacted July 4, 2025, expected to reduce cash taxes through 2027, with evolving state conformity impacts
FY2025 key financial metrics · XBRL
- Revenue
- $1.1B
- −2.3% YoY
- Net income
- $115M
- +140.6% YoY
- Operating margin
- 16.9%
- +40.3 pp YoY
- Gross margin
- 58.8%
- +3.5 pp YoY
- EPS (diluted)
- $2.37
- +142.3% YoY
- ROE
- 135.2%
- +334.6 pp YoY
- Operating cash flow
- $266M
- −10.3% YoY
Source: XBRL data from the BLACKBAUD INC (BLKB) FY2025 10-K on SEC EDGAR. USD.
BLACKBAUD INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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 profitability or margin percentages provided
- 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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.