secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001280058-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005826000013/0001280058-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005826000013/blkb-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001280058-26-000013

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