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BLKB · Nasdaq · United States · Services-Prepackaged Software
In shortBLACKBAUD INC is profitable, generates cash and carries heavy debt, with revenue shrinking (−2.3% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.9% | 73/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.2% | 61/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 108.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.9% | 93/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.79× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 13.05× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.87× | 4/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.81× | 12/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.10 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 22.8% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.24× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 6.0% | 89/100 |
| Operating margin volatility | 14.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.2% | 29/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 928 | 1,058 | 1,107 | 1,155 | 1,128 |
| Cost of revenue | 443 | 505 | 508 | 523 | 465 |
| Gross profit | 485 | 553 | 599 | 631 | 663 |
| Research & development | 125 | 157 | 147 | 154 | 138 |
| Operating income | 25 | (28) | 46 | (271) | 191 |
| Interest expense | 18 | 36 | 40 | 56 | 68 |
| Pre-tax income | 7.1 | (56) | 19 | (312) | 132 |
| Income tax | 1.4 | (10) | 16 | (13) | 17 |
| Net income | 5.7 | (45) | 3 | (300) | 115 |
| Diluted EPS | $0.12 | −$0.88 | $0.06 | −$5.92 | $2.37 |
| Diluted shares (millions) | 48 | 52 | 54 | 51 | 48 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−0.10 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 29, 2026