{"schema_version":"secwatch.filing_event.v1","accession":"0001280058-23-000020","form_type":"8-K","ticker":"BLKB","cik":"0001280058","company_name":"BLACKBAUD INC","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.252695+00:00","generated_at":"2026-06-16T00:24:45.623132+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Blackbaud Q1: GAAP rev $261.8M, adj EPS $0.72; raises FY guidance, Rule of 40 accelerated","bullets":["GAAP revenue $261.8M, up 1.8% YoY; recurring revenue $252.7M, up 3.3%.","Non-GAAP adjusted EBITDA $71.3M (+$14.1M), margin 27.2% (+500 bps).","GAAP net loss $14.7M ($0.28 diluted loss); non-GAAP diluted EPS $0.72 (+$0.15).","Raised FY2023 guidance: organic rev growth ~5.5% (cc), adj EBITDA margin ~31%, Rule of 40 ~36.5%.","Accelerates Rule of 40 to cross 40% in Q4 2023 (prior target 2025); expects sustained Rule of 40 in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001280058-23-000020","json":"https://secwatch.observer/filing/0001280058-23-000020.json","markdown":"https://secwatch.observer/filing/0001280058-23-000020.md","text":"https://secwatch.observer/filing/0001280058-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000020/0001280058-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000020/blkb-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:24:45.623132+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":"3a75e03acbafe5ff7dafa2a4d7d5917224251f4a","claim":"BLACKBAUD INC reported first quarter ended March 31, 2023 results: revenue $261.8 million, net income GAAP net loss was $14.7 million, with GAAP diluted loss per share of $0.28, EPS GAAP diluted loss per share of $0.28. Guidance raised.","evidence_excerpt":"growth and margin expansion that supports a sustained Rule of 40 for the full year.\" First Quarter 2023 Results Compared to First Quarter 2022 Results: • GAAP total revenue was $261.8 million, up 1.8%, with $252.7 million in GAAP recurring revenue, up 3.3%. • Non-GAAP organic recurring revenue increased 3.8%. • GAAP loss from operations was $9.9 million, inclusive of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000020/0001280058-23-000020-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$261.8 million"},{"label":"Net income","value":"GAAP net loss was $14.7 million, with GAAP diluted loss per share of $0.28"},{"label":"EPS","value":"GAAP diluted loss per share of $0.28"},{"label":"Guidance","value":"raised"},{"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"}