secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001280058-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud Q3 revenue $277.6M (+6.2%); adj. EBITDA margin 35.0% (up 940bps); Rule of 40 achieved early
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005823000043/0001280058-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005823000043/blkb-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001280058-23-000043

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