secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001280058-25-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000020/0001280058-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000020/blkb-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer