Blackbaud Inc (BLKB)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,820	-24,838	-44,174	-49,701	-45,407	-31,205	-14,698	-4,545	5,698	-866	-2,178	2,914	7,717	22,662	22,352	17,669	11,908	19,918	26,516	25,968
Revenue (ttm)	US$ in thousands	1,068,830	1,046,797	1,032,026	1,030,820	1,029,119	1,010,722	982,508	948,272	912,853	909,423	896,896	904,135	913,219	908,452	914,571	908,214	900,423	883,802	872,214	860,252
Net profit margin		0.17%	-2.37%	-4.28%	-4.82%	-4.41%	-3.09%	-1.50%	-0.48%	0.62%	-0.10%	-0.24%	0.32%	0.85%	2.49%	2.44%	1.95%	1.32%	2.25%	3.04%	3.02%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,820K ÷ $1,068,830K
= 0.17%

The net profit margin of Blackbaud Inc has displayed fluctuations over the past eight quarters, ranging from a low of -4.68% in Q1 2023 to a high of 0.16% in Q4 2023. The company experienced negative net profit margins for most of the period, with Q1 2023 marking a particularly challenging performance. The gradual improvement in net profit margin in subsequent quarters indicates that the company may be taking steps to enhance profitability. However, sustained positive growth in net profit margin over multiple consecutive quarters would be essential for demonstrating long-term financial stability and performance.