What is Blackbaud's net debt?

Blackbaud (BLKB) reported net debt of $741.69M in Q1 2026.

How has Blackbaud's net debt changed year-over-year?

Blackbaud's net debt decreased by 1.4% year-over-year, from $752.52M to $741.69M.

What is the long-term trend for Blackbaud's net debt?

Over 5 years (2020 to 2025), Blackbaud's net debt has grown at a 32.6% compound annual growth rate (CAGR), from -$87.22M to $356.89M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Blackbaud BLKB Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

TDA

USA TODAY Co., Inc.TDAY

8.8×+4.2×

Resolute Holdings Management RHLD

11.8×+10.5×

Other financials

Income statement

See full

Revenue$281.1M+4.2%

Gross profit$166.6M+7.4%

Operating income$51.4M+161%

Net income$31.1M+620%

EPS (diluted)$0.67+644%

Balance sheet

See full

Cash & equivalents$452.8M-0.8%

Total debt$1.2B-1.2%

Total equity$34.6M+97.7%

Total assets$2.1B+0.3%

Cash flow

See full

Operating cash flow$51.5M+3,607%

CapEx$1.7M+142%

Free cash flow$49.8M+7,013%

Valuation

See full

Market cap$1.27B-57.5%

Enterprise value$2.01B-46.2%

P/E8.9×—

P/S1.1×-1.5×

Profitability

See full

Gross margin59.2%+3.7pp

Operating margin19.5%+12.7pp

Net margin12.4%+7.4pp

FCF margin26.9%+7.3pp

Returns & leverage

See full

Return on equity545%+467pp

Debt / equity34.6×-34.6×

Current ratio0.7×0.0×

Where this comes from

Calculated from Blackbaud’s reported figures.

$1.2Btotal debt−$452.8Mcash and equivalents=$741.69M

The official record: Blackbaud’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blackbaud's net debt?: Blackbaud (BLKB) reported net debt of $741.69M in Q1 2026.
How has Blackbaud's net debt changed year-over-year?: Blackbaud's net debt decreased by 1.4% year-over-year, from $752.52M to $741.69M.
What is the long-term trend for Blackbaud's net debt?: Over 5 years (2020 to 2025), Blackbaud's net debt has grown at a 32.6% compound annual growth rate (CAGR), from -$87.22M to $356.89M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.