For the quarter ending 2026-03-31, BLKB had -$306,208K decrease in cash & cash equivalents over the period. $49,791K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Loss on disposition of businesses | - | 0 | 0 | 0 |
| Net income | 31,139 | 36,689 | 47,434 | 30,847 |
| Depreciation and amortization | 20,551 | 21,563 | 21,306 | 43,346 |
| Provision for doubtful accounts and sales returns | 1,128 | 594 | 8 | 3,780 |
| Stock-based compensation expense | 23,880 | 21,831 | 21,657 | 49,422 |
| Deferred taxes | 4,257 | 16,501 | -16,029 | -653 |
| Everfi impairment charges | - | 0 | - | - |
| Amortization of deferred financing costs and discount | 486 | 540 | 594 | 1,346 |
| Other non-cash adjustments | 0 | -3 | -227 | 5,407 |
| Accounts receivable | -3,613 | -1,484 | -62,562 | 64,984 |
| Prepaid expenses and other assets | 18,048 | -5,220 | 797 | 8,910 |
| Trade accounts payable | 19,258 | -20,302 | 5,175 | -8,408 |
| Accrued expenses and other liabilities | -3,186 | -12,859 | 12,241 | -10,208 |
| Deferred revenue | -31,619 | -13,254 | -15,167 | 38,158 |
| Net cash provided by operating activities | 51,459 | 58,010 | 139,211 | 68,329 |
| Purchase of property and equipment | 1,668 | 2,962 | 3,494 | 1,311 |
| Capitalized software development costs | 12,798 | 13,968 | 12,481 | 27,787 |
| Other investing activities | - | 0 | 0 | 0 |
| Purchase of net assets of acquired companies, net of cash and restricted cash acquired | - | 700 | - | - |
| Cash used in disposition of business | 0 | 0 | 0 | 12,235 |
| Net cash used in investing activities | -14,466 | -17,630 | -15,975 | -41,333 |
| Proceeds from issuance of debt | 139,900 | 97,500 | 34,700 | 272,300 |
| Payments on debt | 74,968 | 52,862 | 129,256 | 187,666 |
| Debt issuance costs | - | 0 | 0 | 0 |
| Employee taxes paid for withheld shares upon equity award settlement | 25,112 | 734 | 1,014 | 38,655 |
| Change in due to customers | 294,090 | -297,910 | 452,049 | -128,582 |
| Change in customer funds receivable | -6,395 | 2,673 | 1,586 | -3,262 |
| Purchase of treasury stock, including excise tax payments | 82,103 | 83,814 | 30,133 | 103,205 |
| Net cash used in financing activities | -342,768 | 260,673 | -576,166 | 68,094 |
| Effect of exchange rate on cash, cash equivalents and restricted cash | -433 | 482 | -1,444 | 7,212 |
| Net decrease in cash, cash equivalents and restricted cash | -306,208 | 301,535 | -454,374 | 102,302 |
| Cash, cash equivalents and restricted cash, beginning of period | 758,975 | 457,440 | 809,512 | - |
| Cash, cash equivalents and restricted cash, end of period | 452,767 | 758,975 | 457,440 | - |
BLACKBAUD INC (BLKB)
BLACKBAUD INC (BLKB)