---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-26-000002"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:32:19.575693+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q4 GAAP rev $295.3M (-2.3% on EVERFI); non-GAAP organic rev +4.3%; Rule of 40 achieved

## Summary
- GAAP revenue $295.3M, down 2.3% due to EVERFI divestiture; non-GAAP organic revenue up 4.3%.
- GAAP operating margin 20.0% (+14,160bps); non-GAAP operating margin 30.0% (+270bps).
- GAAP diluted EPS $0.76 (up $7.82 YoY); non-GAAP diluted EPS $1.19 (+$0.12 YoY).
- Rule of 40 score 39.7%, achieved two years ahead of schedule.
- Non-GAAP adjusted EBITDA $104.5M, margin 35.4% (+160bps); free cash flow $41.1M (down $15.4M).

## SEC filing metadata
- accession: 0001280058-26-000002
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005826000002/0001280058-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005826000002/blkb-20260210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-26-000002
- JSON: https://secwatch.observer/filing/0001280058-26-000002.json
- Plain text: https://secwatch.observer/filing/0001280058-26-000002.txt

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