secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001280058-26-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005826000002/0001280058-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005826000002/blkb-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001280058-26-000002

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