---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-26-000013"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:37:03.052671+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackbaud Q1 revenue +4.2% to $281.1M; launches agentic AI solution

## Summary
- GAAP revenue $281.1M (+4.2% YoY); recurring revenue $276.5M (98.3% of total).
- GAAP diluted EPS $0.67 (up from $0.09); non-GAAP diluted EPS $1.14 (up from $0.95).
- Non-GAAP operating margin 29.6% (+120 bps); adjusted EBITDA margin 35.1% (+100 bps).
- Free cash flow $37.0M (vs. -$12.3M YoY); operating cash flow margin 18.3%.
- Launched 'Development Agent' as first agentic AI; 70+ AI capabilities across products.

## SEC filing metadata
- accession: 0001280058-26-000013
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2026-04-29T23:59:59+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/1280058/000128005826000013/0001280058-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005826000013/blkb-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-26-000013
- JSON: https://secwatch.observer/filing/0001280058-26-000013.json
- Plain text: https://secwatch.observer/filing/0001280058-26-000013.txt

## Key facts
- Earnings Releases
  BLACKBAUD INC reported first quarter ended March 31, 2026 results: revenue $281.1 million, net income $31.1 million, EPS $0.67.
  - Period: first quarter ended March 31, 2026
  - Revenue: $281.1 million
  - Net income: $31.1 million
  - EPS: $0.67
  - Result: reported results
  source text: positions Blackbaud well for 2026 and beyond as we pursue our aspirational goals." First Quarter 2026 Results Compared to First Quarter 2025 Results: • GAAP total revenue was $281.1 million, up 4.2% and non-GAAP organic revenue increased 4.2%. • GAAP recurring revenue was $276.5 million, up 5.0% and represented 98.3% of total revenue. Non-GAAP organic recurring
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280058/000128005826000013/0001280058-26-000013-index.htm

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