---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000007"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T14:35:06.355530+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q4 GAAP net loss $330.8M on $405.4M EVERFI charges; non-GAAP EPS $1.08

## Summary
- GAAP net loss of $330.8M ($6.74 diluted loss per share) driven by $405.4M EVERFI impairment and disposition charges.
- Non-GAAP net income $54.4M, non-GAAP diluted EPS $1.08 (down $0.06 YoY); revenue $302.2M (+2.4% GAAP, +3.2% non-GAAP organic).
- Non-GAAP adjusted EBITDA $102.2M (margin 33.8%, up 20 bps); free cash flow $56.5M (margin 18.7%, up 2,500 bps).
- Recurring revenue $296.2M (98% of total); non-GAAP organic recurring revenue up 3.1%.
- Repurchased 10% of outstanding stock in 2024; plans to buy back 3% to 5% of total shares in 2025.

## SEC filing metadata
- accession: 0001280058-25-000007
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1280058/000128005825000007/0001280058-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000007/blkb-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000007
- JSON: https://secwatch.observer/filing/0001280058-25-000007.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000007.txt

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