Consolidated Financial Statement Details (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Restricted cash


(dollars in thousands)	June 30, 2026		December 31, 2025
Restricted cash due to customers	$	845,415	$	718,525
Real estate escrow balances and other	1,205		1,536
Total restricted cash	$	846,620	$	720,061

Components of Prepaid Expenses and Other Assets

Prepaid expenses and other assets


(dollars in thousands)	June 30, 2026		December 31, 2025
Costs of obtaining contracts(1)(2)	$	55,301	$	56,002
Prepaid software maintenance and subscriptions(3)	46,398		31,014
Taxes, prepaid and receivable	13,708		11,871
Investments in equity securities(4)	13,618		4,943
Implementation costs for cloud computing arrangements, net(5)(6)	8,533		11,055
Unbilled accounts receivable	8,518		8,763
Operating lease right-of-use assets	6,362		4,630
Derivative instruments	6,078		578
Prepaid insurance	4,109		2,164

Other assets	15,797		14,475
Total prepaid expenses and other assets	178,422		145,495
Less: Long-term portion	81,802		56,205
Prepaid expenses and other current assets	$	96,620	$	89,290

(1)Amortization expense from costs of obtaining contracts was $5.2 million and $10.4 million for the three and six months ended June 30, 2026, respectively, and $5.1 million and $10.1 million for the three and six months ended June 30, 2025, respectively.

(2)The current portion of costs of obtaining contracts as of June 30, 2026 and December 31, 2025 was $18.4 million and $18.5 million, respectively.

(3)The current portion of prepaid software maintenance and subscriptions as of June 30, 2026 and December 31, 2025 was $34.4 million and $30.4 million, respectively.

(4)Represents strategic investments that did not result in Blackbaud having significant influence over the investees.

(5)These costs primarily relate to the multi-year implementations of our global enterprise resource planning, customer relationship management systems and other cloud-based systems.

(6)Amortization expense from capitalized cloud computing implementation costs was insignificant for the three months ended June 30, 2026 and 2025, and $1.8 million and $1.6 million for the six months ended June 30, 2026 and 2025, respectively. Accumulated amortization for these costs was $13.6 million and $14.0 million as of June 30, 2026 and December 31, 2025, respectively.

Components of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities


(dollars in thousands)	June 30, 2026		December 31, 2025
Taxes payable	$	8,798	$	9,945
Operating lease liabilities	7,626		6,164
Customer credit balances	7,373		9,975
Unrecognized tax benefit	5,019		3,051
Accrued commissions and salaries	3,075		3,849

Accrued health care costs	2,747		3,173

Derivative instruments	42		3,522
Other liabilities	15,745		15,330
Total accrued expenses and other liabilities	50,425		55,009
Less: Long-term portion	12,822		11,737
Accrued expenses and other current liabilities	$	37,603	$	43,272

Components of Other Income and Expense

Other income, net


	Three months ended June 30,				Six months ended June 30,
(dollars in thousands)	2026		2025		2026		2025
Interest income	$	1,927	$	1,968	$	3,605	$	3,623
Currency revaluation losses	(336)		(2,022)		(502)		(2,899)
Other income, net	393		1,172		1,277		2,499
Other income, net	$	1,984	$	1,118	$	4,380	$	3,223