Every 10-Q that Blackbaud, Inc. (BLKB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BLKB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BLKB filings page.
Blackbaud, an AI-powered software provider for social impact organizations, reported solid first-half 2026 results. Revenue was $290.6 million for Q2 and $571.7 million for the six months ended June 30, 2026, up 3.0% and 3.6% year over year. GAAP gross margin improved to 61.3% in Q2 and 60.3% year-to-date as cost of revenue declined.
Income from operations was $62.0 million for Q2 and $113.5 million for the first half, compared with $57.3 million and $77.0 million a year earlier. Net income was $35.4 million for Q2 and $66.5 million year-to-date. Operating cash flow reached $142.5 million for the six-month period, and total debt under the 2024 Credit Facilities was about $1.1 billion, with a net leverage ratio of 2.58 to 1.00.
Recurring revenue contributed $561.8 million of the six‑month total. Remaining performance obligations were about $1.6 billion, with roughly 45% expected to be recognized over the next 12 months. The company is investing in AI capabilities, including new agentic AI offerings, and repurchased 2.4 million shares for $110.1 million in the first half, while managing gross dollar retention of approximately 91% through a larger 2026 renewal cohort.
Blackbaud, Inc. reported stronger results for the three months ended March 31, 2026, with revenue of $281.1 million, up 4.2% from $269.9 million a year earlier, led by growth in contractual and transactional recurring revenue. Net income rose sharply to $31.1 million from $4.3 million, and diluted EPS increased to $0.67 from $0.09, as operating margin expanded to 18.3% from 7.3% helped by lower general and administrative costs and prior-year one-time items not repeating.
Non-GAAP income from operations was $83.4 million with a 29.6% margin, and non-GAAP diluted EPS reached $1.14. The company generated $51.5 million of operating cash flow and $37.0 million of free cash flow, while continuing to invest in AI-driven product innovation and cloud development. Blackbaud repurchased 1.6 million shares for $82.1 million, representing about 4.5% of shares outstanding as of December 31, 2025, and had $878.5 million remaining under its stock repurchase program.
Blackbaud reported Q3 2025 results showing stronger profitability on slightly lower revenue. Revenue was $281.1 million versus $286.6 million a year ago, while income from operations rose to $54.6 million from $41.1 million. Net income increased to $47.5 million from $18.3 million, with diluted EPS of $0.98 versus $0.35.
The effective tax rate improved to (15.7)%, primarily from a valuation allowance reduction and the One Big Beautiful Bill Act’s treatment of U.S. R&D expensing. Year‑to‑date cash from operations was $207.5 million. Total debt was $1.07 billion with a 5.61% weighted average effective rate. Deferred revenue totaled $384.9 million.
The company repurchased 459,528 shares for $30.1 million in Q3 and $130.2 million year‑to‑date, with $514.4 million remaining under its authorization. Blackbaud revised prior periods to correct a $15.5 million deferred tax liability error, which was not material to those periods. Customer constituent class actions related to the 2020 security incident are resolved and closed; certain insurance carrier subrogation appeals remain pending.