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Consolidated Financial Statement Details
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidated Financial Statement Details
5. Consolidated Financial Statement Details
Restricted cash
(dollars in thousands)June 30,
2025		December 31,
2024
Restricted cash due to customers$869,061 $740,370 
Real estate escrow balances and other
1,187 1,514 
Total restricted cash$870,248 $741,884 
Prepaid expenses and other assets
(dollars in thousands)June 30,
2025		December 31,
2024
Costs of obtaining contracts(1)(2)
$56,515 $57,911 
Prepaid software maintenance and subscriptions(3)
34,883 36,277 
Implementation costs for cloud computing arrangements, net(4)(5)
10,476 10,450 
Taxes, prepaid and receivable9,741 4,257 
Unbilled accounts receivable7,450 7,067 
Investment in equity securities(6)
4,943 4,943 
Prepaid insurance4,789 3,027 
Derivative instruments1,321 10,550 
Other assets15,888 14,026 
Total prepaid expenses and other assets146,006 148,508 
Less: Long-term portion54,784 67,221 
Prepaid expenses and other current assets$91,222 $81,287 
(1)Amortization expense from costs of obtaining contracts was $5.1 million and $10.1 million for the three and six months ended June 30, 2025, respectively, and $4.9 million and $9.7 million for the three and six months ended June 30, 2024, respectively.
(2)The current portion of costs of obtaining contracts as of June 30, 2025 and December 31, 2024 was $18.5 million and $18.4 million, respectively.
(3)The current portion of prepaid software maintenance and subscriptions as of June 30, 2025 and December 31, 2024 was $33.4 million and $34.0 million, respectively.
(4)These costs primarily relate to the multi-year implementations of our global enterprise resource planning, customer relationship management systems and other cloud-based systems.
(5)Amortization expense from capitalized cloud computing implementation costs was insignificant for the three months ended June 30, 2025 and 2024, and $1.6 million and $1.4 million for the six months ended June 30, 2025 and 2024, respectively. Accumulated amortization for these costs was $12.3 million and $10.6 million as of June 30, 2025 and December 31, 2024, respectively.
(6)Represents a strategic investment that did not result in Blackbaud having significant influence over the investee.
Accrued expenses and other liabilities
(dollars in thousands)June 30,
2025		December 31,
2024
Taxes payable
$10,643 $15,844 
Customer credit balances7,628 8,779 
Unrecognized tax benefit4,967 4,285 
Derivative instruments3,856 — 
Accrued health care costs2,766 3,151 
Accrued commissions and salaries2,700 4,012 
Accrued vacation costs2,455 2,060 
Accrued legal costs(1)
2,064 2,504 
Operating lease liabilities, current portion1,443 4,489 
Accrued transaction-based costs related to payments services1,260 3,903 
Stock-based compensation liability919 7,292 
Accrued costs to sell EVERFI(2)
— 13,985 
Other liabilities7,958 10,035 
Total accrued expenses and other liabilities48,659 80,339 
Less: Long-term portion7,796 4,796 
Accrued expenses and other current liabilities$40,863 $75,543 
(1)All accrued legal costs are classified as current. See Note 8 to these unaudited, condensed consolidated financial statements for additional information about our loss contingency accruals and other legal expenses.
(2)As previously disclosed, on December 31, 2024, we disposed of our EVERFI business, formerly a wholly-owned subsidiary of Blackbaud, Inc, to a private investment firm that is unaffiliated with Blackbaud for nominal cash consideration. The results of operations of EVERFI are not included in our consolidated results of operations subsequent to the date of disposition.
Other income, net
Three months ended
June 30,
Six months ended
June 30,
(dollars in thousands)
2025
2024
2025
2024
Interest income$1,968 $2,815 $3,623 $4,863 
Currency revaluation losses(2,022)(380)(2,899)(97)
Other income, net1,172 875 2,499 1,891 
Other income, net$1,118 $3,310 $3,223 $6,657