secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001280058-25-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud Q3 GAAP revenue $281.1M (-1.9%); non-GAAP organic rev +5.2%; EPS $0.98
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- GAAP total revenue $281.1M (-1.9% YoY, driven by EVERFI divestiture); non-GAAP organic revenue +5.2%; recurring revenue 98.1% of total.
- GAAP diluted EPS $0.98 (up $0.63 YoY); non-GAAP diluted EPS $1.10 (up $0.11).
- Non-GAAP adjusted EBITDA $99.7M, margin 35.4% (+220 bps); Rule of 40 score 40.6%.
- GAAP operating cash flow $139.2M (margin 49.5%, +1,320 bps); non-GAAP adjusted FCF $125.1M (margin 44.5%, +1,040 bps).
- YTD repurchased >5% of common stock; leverage ratio reduced from 2.9x (Q1) to 2.4x (Q3).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000048/0001280058-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000048/blkb-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000048

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