---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000020"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:03:01.079358+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q1 2025: GAAP revenue $270.7M, non-GAAP organic revenue +5.8%; reiterates FY2025 guidance

## Summary
- GAAP total revenue $270.7M (-3.1% YoY from EVERFI divestiture); non-GAAP organic revenue +5.8%.
- GAAP diluted EPS $0.10 (unchanged); non-GAAP diluted EPS $0.96 (+$0.03 YoY).
- Non-GAAP adjusted EBITDA $92.8M, margin 34.3% (+250 bps YoY).
- GAAP operating cash flow $1.4M (margin 0.5%); free cash flow negative $(12.3)M due to one-time items (DC lease payment, vendor payment timing).
- Repurchased ~4% of common stock in Q1; reaffirmed FY2025 financial guidance.

## SEC filing metadata
- accession: 0001280058-25-000020
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1280058/000128005825000020/0001280058-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000020/blkb-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000020
- JSON: https://secwatch.observer/filing/0001280058-25-000020.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000020.txt

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