{"schema_version":"secwatch.filing_event.v1","accession":"0001280058-22-000053","form_type":"8-K","ticker":"BLKB","cik":"0001280058","company_name":"BLACKBAUD INC","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.983668+00:00","generated_at":"2026-06-22T17:19:47.659201+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blackbaud Q3: GAAP net loss $0.20/sh, non-GAAP EPS $0.69; raises FY22 Rule of 40 to ~29%","bullets":["GAAP revenue $261.3M (+13% YoY); recurring revenue $249.4M (+14.1%); organic recurring revenue +3.5%.","GAAP operating loss $7.0M reflecting security incident costs; non-GAAP operating income $49.8M (19.1% margin).","Non-GAAP adjusted EBITDA $66.9M (25.6% margin); adjusted free cash flow $93.8M (35.9% margin).","Raises FY22 Rule of 40 expectation to ~29% constant currency; expects mid-single digit organic revenue growth in 2023.","2023 targets: adjusted EBITDA margin approaching 29%, Rule of 40 in mid-30s at constant currency."],"urls":{"canonical":"https://secwatch.observer/filing/0001280058-22-000053","json":"https://secwatch.observer/filing/0001280058-22-000053.json","markdown":"https://secwatch.observer/filing/0001280058-22-000053.md","text":"https://secwatch.observer/filing/0001280058-22-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/0001280058-22-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/blkb-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T17:19:47.659201+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05e0b3b08debc25b1f02b8878a30d9506f5ae633","claim":"BLACKBAUD INC updated its full year 2022 guidance (reaffirmed).","evidence_excerpt":"We now anticipate meeting or exceeding our 2022 financial guidance which increases our 28% Rule of 40 performance expectation to roughly 29% on a constant currency basis.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/0001280058-22-000053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"0c407cba696fc78a962250c02bff2310eb27ef53","claim":"BLACKBAUD INC updated its full year 2023 guidance (initiated).","evidence_excerpt":"We plan to carry that momentum into 2023, targeting the mid-30s on Rule of 40 at constant currency, through a combination of mid-single digit organic revenue growth and an adjusted EBITDA margin approaching 29% next year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/0001280058-22-000053-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"bc91203a70b6e32a5b42873c6ceddacbf1982043","claim":"BLACKBAUD INC reported third quarter ended September 30, 2022 results: revenue GAAP total revenue was $261.3 million, net income GAAP net loss was $10.3 million, EPS GAAP diluted loss per share of $0.20.","evidence_excerpt":"Third Quarter 2022 Results Compared to Third Quarter 2021 Results: • GAAP total revenue was $261.3 million, up 13.0%, with $249.4 million in GAAP recurring revenue, up 14.1%. • Non-GAAP organic recurring revenue increased 3.5%. • GAAP loss from operations was $7.0 million, inclusive of security incident-related costs, net of insurance recoveries of $13.7 million, with GAAP operating margin of (2.7)%, a decrease of 780 basis points • Non-GAAP income from operations was $49.8 million, with non-GAAP operating margin of 19.1%, a decrease of 270 basis points. • GAAP net loss was $10.3 million, with GAAP diluted loss per share of $0.20, down $0.33 per share. • Non-GAAP net income was $36.0 million, with non-GAAP diluted earnings per share of $0.69, down $0.09 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/0001280058-22-000053-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"GAAP total revenue was $261.3 million"},{"label":"Net income","value":"GAAP net loss was $10.3 million"},{"label":"EPS","value":"GAAP diluted loss per share of $0.20"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}