{"schema_version":"secwatch.filing_event.v1","accession":"0001280058-23-000043","form_type":"8-K","ticker":"BLKB","cik":"0001280058","company_name":"BLACKBAUD INC","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.514966+00:00","generated_at":"2026-06-09T04:17:14.537413+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 Q3 revenue $277.6M (+6.2%); adj. EBITDA margin 35.0% (up 940bps); Rule of 40 achieved early","bullets":["GAAP revenue $277.6M, +6.2% YoY; recurring revenue $269.0M (97% of total), +7.9%.","Non-GAAP organic recurring revenue +8.3%; GAAP op. margin 7.9% (up 1,060bps); non-GAAP op. margin 28.7% (up 960bps).","GAAP net income $9.0M, diluted EPS $0.17 (up $0.37); non-GAAP net income $60.5M, EPS $1.12 (up $0.43).","Adjusted EBITDA $97.1M, margin 35.0% (up 940bps); adjusted free cash flow $117.9M, margin 42.5% (up 660bps).","Rule of 40 achieved a quarter early; CFO says on track to meet/exceed high end of adjusted FCF guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001280058-23-000043","json":"https://secwatch.observer/filing/0001280058-23-000043.json","markdown":"https://secwatch.observer/filing/0001280058-23-000043.md","text":"https://secwatch.observer/filing/0001280058-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000043/0001280058-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000043/blkb-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:17:14.537413+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":"e2f235d7237064dd0ac1160f12c8b65ca09307d7","claim":"BLACKBAUD INC reported the quarter ended September 30, 2023 results: revenue $277.6 million, net income $9.0 million, EPS $0.17. Guidance reaffirmed.","evidence_excerpt":"Third Quarter 2023 Results Compared to Third Quarter 2022 Results: • GAAP total revenue was $277.6 million, up 6.2%, with $269.0 million in GAAP recurring revenue, up 7.9%. GAAP recurring revenue was 97% of total revenue. • Non-GAAP organic recurring revenue increased 8.3%. • GAAP income from operations was $22.0 million, inclusive of security incident-related costs of $4.1 million, with GAAP operating margin of 7.9%, an increase of 1,060 basis points. • Non-GAAP income from operations was $79.6 million, with non-GAAP operating margin of 28.7%, an increase of 960 basis points. • GAAP net income was $9.0 million, with GAAP diluted earnings per share of $0.17, up $0.37 per share. • Non-GAAP net income was $60.5 million, with non-GAAP diluted earnings per share of $1.12, up $0.43 per share. • Non-GAAP adjusted EBITDA was $97.1 million, up $30.2 million, with non-GAAP adjusted EBITDA margin of 35.0%, an increase of 940 basis points. • GAAP net cash provided by operating activities was $128","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1280058/000128005823000043/0001280058-23-000043-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$277.6 million"},{"label":"Net income","value":"$9.0 million"},{"label":"EPS","value":"$0.17"},{"label":"Guidance","value":"reaffirmed"},{"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"}