secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001280058-25-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000007/0001280058-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000007/blkb-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000007

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