---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-23-000034"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:10:54.011850+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q2 revenue $271M (+2.3%); non-GAAP diluted EPS $0.98; guidance raised

## Summary
- GAAP revenue $271.0M (+2.3% YoY), recurring revenue $262.4M (+3.9%); non-GAAP organic recurring +4.4%.
- GAAP operating income $0.3M (margin 0.1%) includes $26.8M security incident costs; non-GAAP operating margin 27.4% (+680bps).
- Non-GAAP adjusted EBITDA $88.8M (+$18.2M), margin 32.8% (+620bps); GAAP diluted EPS $0.04.
- Management expects high-single-digit organic revenue growth by Q4 and Rule of 40 well ahead of prior 2025 target.
- Reiterated increased 2023 financial guidance; highlighted progress on five-point operating plan and AI platform.

## SEC filing metadata
- accession: 0001280058-23-000034
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000034/0001280058-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000034/blkb-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-23-000034
- JSON: https://secwatch.observer/filing/0001280058-23-000034.json
- Plain text: https://secwatch.observer/filing/0001280058-23-000034.txt

## Key facts
- Earnings Releases
  BLACKBAUD INC reported the quarter ended June 30, 2023 results: revenue $271.0 million, net income $2.1 million, EPS $0.04. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $271.0 million
  - Net income: $2.1 million
  - EPS: $0.04
  - Guidance: reaffirmed
  - Result: reported results
  source text: Second Quarter 2023 Results Compared to Second Quarter 2022 Results: • GAAP total revenue was $271.0 million, up 2.3%, with $262.4 million in GAAP recurring revenue, up 3.9%. • Non-GAAP organic recurring revenue increased 4.4%. • GAAP income from operations was $0.3 million, inclusive of security incident-related costs of $26.8 million, with GAAP operating margin of 0.1%, an increase of 10 basis points. • Non-GAAP income from operations was $74.1 million, with non-GAAP operating margin of 27.4%, an increase of 680 basis points. • GAAP net income was $2.1 million, with GAAP diluted earnings per share of $0.04, up $0.11 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000034/0001280058-23-000034-index.htm

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