---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-24-000062"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:05:24.283853+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q3 revenue $286.7M (+3.3%); EVERFI woes prompt FY24 guide revision; ~8% of stock repurchased

## Summary
- GAAP revenue $286.7M (+3.3% YoY); GAAP diluted EPS $0.40 vs $0.17; non-GAAP EPS $0.99 vs $1.12.
- Non-GAAP organic revenue +4.3%; Social Sector (89% of revenue) grew 6.6%; EVERFI weakness drives FY24 guidance cut.
- Hired strategic advisor to evaluate EVERFI options; rightsized business to align costs with revenues.
- Repurchased ~8% of shares outstanding since year-end 2023; committed to buyback and product innovation.
- Non-GAAP adjusted EBITDA margin 33.2% (down 180bps); adjusted free cash flow $97.6M (down $20.3M).

## SEC filing metadata
- accession: 0001280058-24-000062
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000062/0001280058-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005824000062/blkb-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-24-000062
- JSON: https://secwatch.observer/filing/0001280058-24-000062.json
- Plain text: https://secwatch.observer/filing/0001280058-24-000062.txt

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