---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-23-000003"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T15:40:25.926696+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blackbaud FY2022 revenue exceeds $1B for first time; FY2023 guidance targets 30% EBITDA margin

## Summary
- Q4 GAAP revenue $274.8M (+10.8% YoY); GAAP diluted EPS -$0.41 vs -$0.15 prior year.
- Non-GAAP adjusted EBITDA $67.9M (24.7% margin), up $7.2M YoY; non-GAAP diluted EPS $0.68.
- Full year 2022 revenue $1.006B (+14% YoY); Rule of 40 at constant currency 29% (+2 pts).
- FY2023 guidance: organic revenue growth ~4% constant currency, adjusted EBITDA margin ~30%, Rule of 40 ~34%.
- Q4 GAAP loss from ops $15.5M includes $26.5M security incident-related costs net of insurance.

## SEC filing metadata
- accession: 0001280058-23-000003
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000003/0001280058-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000003/blkb-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-23-000003
- JSON: https://secwatch.observer/filing/0001280058-23-000003.json
- Plain text: https://secwatch.observer/filing/0001280058-23-000003.txt

## Key facts
- Earnings Releases
  BLACKBAUD INC reported financial results for quarter and fiscal year ended December 31, 2022.
  - Period: quarter and fiscal year ended December 31, 2022
  - Result: reported results
  source text: On February 13, 2023, Blackbaud, Inc. (the "Company") issued a press release reporting unaudited financial results for the quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000003/0001280058-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.