Blackbaud Inc balance sheet
At the end of fiscal 2025, Blackbaud Inc had total assets of $2.39bn, total liabilities of $2.31bn and shareholders' equity of $85.1m. It held $38.9m in cash against $1.11bn of debt.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 23 | 28 | 53 | 13 | 12 | 15 | 15 | 17 | 30 | 31 | 32 | 36 | 55 | 32 | 31 | 68 | 39 | 36 |
| Receivables | 50 | 59 | 63 | 76 | 67 | 78 | 80 | 88 | 96 | 87 | 89 | 95 | 103 | 103 | 102 | 84 | 81 | 76 |
| Total current assets | 110 | 141 | 188 | 214 | 230 | 288 | 399 | 508 | 799 | 598 | 735 | 819 | 851 | 919 | 930 | 977 | 930 | 630 |
| Goodwill | 74 | 76 | 90 | 265 | 265 | 349 | 436 | 438 | 530 | 545 | 634 | 636 | 1,059 | 1,050 | 1,054 | 1,053 | 1,057 | 1,056 |
| Total assets | 304 | 324 | 393 | 706 | 707 | 943 | 1,223 | 1,310 | 1,798 | 1,615 | 1,993 | 2,045 | 2,972 | 2,993 | 2,912 | 2,496 | 2,391 | 2,107 |
| Deferred revenue (current) | 129 | 144 | 154 | 174 | 181 | 212 | 230 | 244 | 275 | 296 | 314 | 312 | 374 | 382 | 391 | 359 | 369 | 381 |
| Total current liabilities | 180 | 198 | 240 | 312 | 357 | 421 | 566 | 680 | 975 | 806 | 989 | 1,013 | 1,110 | 1,231 | 1,196 | 1,252 | 1,182 | 924 |
| Short-term debt | 1 | — | 0 | 10 | 17 | 4 | 4 | 4 | 9 | 8 | 8 | 13 | 19 | 19 | 19 | 24 | 23 | 23 |
| Long-term debt | — | — | 0 | 206 | 136 | 276 | 404 | 338 | 430 | 380 | 460 | 518 | 937 | 840 | 760 | 1,051 | 1,087 | 1,022 |
| Total debt | 1 | 0 | 0 | 216 | 153 | 282 | 410 | 344 | 440 | 389 | 468 | 534 | 961 | 862 | 781 | 1,078 | 1,110 | 1,046 |
| Total liabilities | 188 | 207 | 253 | 558 | 545 | 757 | 1,013 | 1,063 | 1,462 | 1,242 | 1,596 | 1,619 | 2,255 | 2,249 | 2,103 | 2,369 | 2,306 | 1,987 |
| Shareholders' equity | 110 | 116 | 140 | 148 | 162 | 186 | 211 | 269 | 336 | 374 | 397 | 426 | 717 | 744 | 810 | 127 | 85 | 119 |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | — | — | — | 53m | 54m | 49m | 47m | 45m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 84 | 78 | 146 | 83 | 81 | 76 | 135 | 76 |
| Total current assets | 977 | 628 | 1,155 | 639 | 930 | 642 | 1,119 | 630 |
| Goodwill | 1,053 | 1,054 | 1,058 | 1,057 | 1,057 | 1,056 | 1,056 | 1,056 |
| Total assets | 2,496 | 2,102 | 2,631 | 2,104 | 2,391 | 2,109 | 2,594 | 2,107 |
| Deferred revenue (current) | 359 | 326 | 399 | 383 | 369 | 334 | 404 | 381 |
| Total current liabilities | 1,252 | 864 | 1,381 | 929 | 1,182 | 867 | 1,351 | 924 |
| Short-term debt | 24 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Long-term debt | 1,051 | 1,182 | 1,136 | 1,042 | 1,087 | 1,163 | 1,127 | 1,022 |
| Total debt | 1,075 | 1,206 | 1,159 | 1,065 | 1,110 | 1,186 | 1,150 | 1,045 |
| Total liabilities | 2,369 | 2,085 | 2,558 | 1,996 | 2,306 | 2,075 | 2,527 | 1,987 |
| Shareholders' equity | 127 | 17 | 73 | 108 | 85 | 35 | 67 | 119 |
| Shares outstanding | 49m | 49m | 49m | 48m | 47m | 46m | 46m | 45m |
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