<SEC-DOCUMENT>0001280058-25-000007.txt : 20250218
<SEC-HEADER>0001280058-25-000007.hdr.sgml : 20250218
<ACCEPTANCE-DATETIME>20250218072456
ACCESSION NUMBER: 0001280058-25-000007
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 17
CONFORMED PERIOD OF REPORT: 20250218
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20250218
DATE AS OF CHANGE: 20250218
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BLACKBAUD INC
CENTRAL INDEX KEY: 0001280058
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 112617163
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41527
FILM NUMBER: 25632736
BUSINESS ADDRESS:
STREET 1: 65 FAIRCHILD STREET
CITY: CHARLESTON
STATE: SC
ZIP: 29492
BUSINESS PHONE: 843-216-6200
MAIL ADDRESS:
STREET 1: 65 FAIRCHILD STREET
CITY: CHARLESTON
STATE: SC
ZIP: 29492
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>blkb-20250218.htm
<DESCRIPTION>8-K
<TEXT>
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<title>blkb-20250218</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" id="f-21">false</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-22">0001280058</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="blkb-20250218.xsd"/></ix:references><ix:resources><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001280058</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-02-18</xbrli:startDate><xbrli:endDate>2025-02-18</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ibc161ae8105a49faa0c6272dc7eab43c_1"></div><div style="min-height:42.75pt;width:100%"><div style="margin-top:9pt;text-align:justify"><span><br/></span></div></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Washington, D.C. 20549</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">8-K</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CURRENT REPORT </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): </span><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-2">February 18, 2025</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:24.522%"/><td style="width:0.1%"/><td style="width:1.0%"/><td 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name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-4">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-5">000-50600</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-6">11-2617163</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(State or other jurisdiction of incorporation)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Commission File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(IRS Employer ID Number)</span></td></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-7">65 Fairchild Street</ix:nonNumeric>, <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-8">Charleston</ix:nonNumeric>, <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="f-9">South Carolina</ix:nonNumeric> <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-10">29492</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Address of principal executive offices) (Zip Code)</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registrant’s telephone number, including area code:</span><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> (<ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-11">843</ix:nonNumeric>) <ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-12">216-6200</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/></tr></table></div><div style="margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:4.756%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:93.044%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="background-color:#dddddd;border-left:1pt solid #51555c;border-right:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="f-13">☐</ix:nonNumeric></span></td><td colspan="3" style="border-left:1pt solid #51555c;border-right:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="f-14">☐</ix:nonNumeric></span></td><td colspan="3" style="border-left:1pt solid #51555c;border-right:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementTenderOffer" 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solid #51555c;border-top:1pt solid #51555c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:36.967%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.740%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:37.993%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities Registered Pursuant to Section 12(b) of the Act:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Title of Each Class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Trading Symbol(s)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Name of Each Exchange on which Registered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:Security12bTitle" id="f-17">Common Stock, $0.001 Par Value</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:TradingSymbol" id="f-18">BLKB</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-19">Nasdaq Global Select Market</ix:nonNumeric></span></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #51555c;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #51555c;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #51555c;padding:0 1pt"/></tr></table></div><div style="margin-top:9pt;text-align:justify"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#51555c;font-family:'Arial Unicode MS',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> <ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="f-20">☐</ix:nonNumeric> </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#51555c;font-family:'Arial Unicode MS',sans-serif;font-size:11pt;font-weight:400;line-height:120%">☐</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:9pt;text-align:center"><span><br/></span></div></div></div><div id="ibc161ae8105a49faa0c6272dc7eab43c_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:9pt;text-align:justify"><span><br/></span></div></div><div style="margin-top:9pt"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.02. Results of Operations and Financial Condition. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 18, 2025, Blackbaud, Inc. (the "Company") issued a press release reporting unaudited financial results for the quarter and fiscal year ended December 31, 2024. A copy of this press release is attached hereto as </span><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Exhibit 99.1</span><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.</span></div><div id="ibc161ae8105a49faa0c6272dc7eab43c_10"></div><div style="-sec-extract:summary;margin-top:9pt"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01. Financial Statements and Exhibits. </span></div><div style="margin-top:9pt"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d) Exhibits </span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:10.190%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:86.877%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit No.</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Description</span></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #51555c;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#7a04dd;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#7a04dd;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="blkbq42024exhibit991.htm">99.1</a></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Press release dated February 18, 2025 reporting unaudited financial results for the quarter and fiscal year ended December 31, 2024.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">101.INS</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inline XBRL Instance Document - the Instance Document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL Document.</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">101.DEF</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inline XBRL Taxonomy Extension Definition Linkbase Document.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">101.LAB</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inline XBRL Taxonomy Extension Label Linkbase Document.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">101.PRE</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inline XBRL Taxonomy Extension Presentation Linkbase Document.</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">104</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).</span></td></tr></table></div><div style="margin-top:9pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:9pt;text-align:center"><span><br/></span></div></div></div><div id="ibc161ae8105a49faa0c6272dc7eab43c_13"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div style="margin-top:9pt;text-align:justify"><span><br/></span></div></div><div style="margin-top:9pt;text-align:center"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SIGNATURES</span></div><div style="margin-top:9pt"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </span></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:7.684%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.008%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.519%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:47.657%"/><td style="width:0.1%"/></tr><tr style="height:30pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">BLACKBAUD, INC.</span></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date: </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">February 18, 2025</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">/s/ Anthony W. Boor</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Anthony W. Boor</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Executive Vice President and Chief Financial Officer</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#51555c;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Principal Financial and Accounting Officer)</span></td></tr></table></div><div style="margin-top:9pt;text-align:justify"><span><br/></span></div><div style="margin-top:9pt;text-align:justify"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-top:9pt;text-align:center"><span><br/></span></div></div></div></body></html>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>blkbq42024exhibit991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
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<title>Document</title></head><body><div id="i35e9a5251a854c26a8ed6709b5275308_1"></div><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.035%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit 99.1</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:28px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div id="i35e9a5251a854c26a8ed6709b5275308_4"></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Blackbaud Announces 2024 Fourth Quarter and Full Year Results</font></div><div style="margin-top:21pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Charleston, S.C. (February 18, 2025)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> —</font><font style="color:#5bac35;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its fourth quarter and full year ended December 31, 2024.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"2024 is a reflection of our successful work in solidifying Blackbaud’s attractive and improving financial model over the past five years where our revenue, cash flows and Rule of 40 metrics have all improved significantly," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "This success is the result of a proven operating plan, continuous product innovation, refinement of our go-to-market programs, a focus on efficiencies and effectiveness, and a steadfast dedication to not only powering social impact but centering it in all we do with both our customers and employees. Blackbaud’s multi-year trajectory will also be built on these tenets, and when combined with our future opportunities, we see a path to becoming a Rule of 45 company by 2030."</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fourth Quarter 2024 Results Compared to Fourth Quarter 2023 Results:</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP total revenue was $302.2 million, up 2.4% and non-GAAP organic revenue increased 3.2%.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP recurring revenue was $296.2 million, up 3.1% and represented 98% of total revenue. Non-GAAP organic recurring revenue increased 3.1%.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP loss from operations was $367.1 million, inclusive of aggregate pre-tax EVERFI impairment and disposition charges of $405.4 million, with GAAP operating margin of (121.5)%, a decrease of 13,250 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP income from operations was $82.7 million, with non-GAAP operating margin of 27.4%, a decrease of 100 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP net loss was $330.8 million, inclusive of aggregate pre-tax EVERFI impairment and disposition charges of $405.4 million, with GAAP diluted loss per share of $6.74, down $6.84 per share.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP net income was $54.4 million, with non-GAAP diluted earnings per share of $1.08, down $0.06 per share.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted EBITDA was $102.2 million, up $3.0 million, with non-GAAP adjusted EBITDA margin of 33.8%, an increase of 20 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP net cash provided by operating activities was $73.6 million, an increase of $76.9 million, with GAAP operating cash flow margin of 24.3%, an increase of 2,540 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP free cash flow was $56.5 million, an increase of $75.1 million, with non-GAAP free cash flow margin of 18.7%, an increase of 2,500 basis points.</font></div><div style="margin-bottom:12pt;margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted free cash flow was $57.3 million, an increase of $21.0 million, with non-GAAP adjusted free cash flow margin of 19.0%, an increase of 670 basis points.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">"During 2024 we achieved several significant milestones, including the divestment of EVERFI and the finalization of nearly all of our outstanding security litigation efforts," said Tony Boor, executive vice president and CFO, Blackbaud. “By putting these items behind us, the company is 100% focused on providing our customers and prospects powerful solutions to allow them to spend more time on what matters to them: making a concrete difference through their vital social impact work and easing their administrative burdens.” </font></div><div style="margin-top:21pt;text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.575%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-top:21pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">"To our existing and prospective shareholders, we remain committed to delivering an attractive financial investment balanced between top-line growth, profitability, and cash flow, all of which are supported by our proven operating plan. In 2024, we repurchased 10% of our outstanding stock and if you add back in net share settlement on employee stock compensation, the number moves to 11%. We plan to continue to be purposeful about buying back our stock in 2025, anticipating buying back 3% to 5% of our total outstanding shares as we look to deliver on Blackbaud’s compelling investment thesis.”</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">An explanation of all non-GAAP financial measures referenced in this press release, including the Rule of 40, is included below under the heading "Non-GAAP Financial Measures." A reconciliation of the company's non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.</font></div><div style="margin-top:10pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Recent Company Highlights </font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Blackbaud </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">announced the sale</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of its EVERFI Inc. business to a private investment firm unaffiliated with Blackbaud.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Blackbaud </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">appointed</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Bradley Pyburn, former chief of staff of U.S. Cyber Command, to its board of directors.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">At its semi-annual </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Product Update Briefings</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in November, Blackbaud showcased recent innovation and future roadmap direction across its suite of solutions, diving further into the six waves of innovation the company announced at bbcon 2024. </font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Blackbaud celebrated </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">GivingTuesday</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, kicking off the global giving holiday at Nasdaq and also supporting customers through a </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Giving Glow-Up Giveaway contest</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for Blackbaud Donation Form users.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">For the fourth consecutive year, Blackbaud was named to </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Newsweek’s list of America’s Most Responsible Companies</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which recognizes U.S.-based companies for their commitment to making a positive global impact.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The company announced that its </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">2025 annual major gift</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> will support the Center for Disaster Philanthropy (CDP), a nonprofit organization that helps individuals, foundations and corporations increase the effectiveness of their philanthropic response to disasters and humanitarian crises.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Blackbaud </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">marked five years</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of its Social Good Startup Program, which has now supported 77 startups with a 92% success rate, providing cutting edge social impact technology to the sector. The program welcomed its </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">10</font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;text-decoration:underline;top:-3.5pt;vertical-align:baseline">th</font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">cohort</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in January. </font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Blackbaud announced an </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">industry-leading partnership</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> with True Impact® to bring predictive, outcome-based impact data into Blackbaud Impact Edge™, the company’s AI-powered social impact reporting and storytelling solution for YourCause® from Blackbaud® corporate customers.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The company rolled out Blackbaud Donation Forms in </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Australia and New Zealand</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, with its Optimized Donation Forms now available for Raiser’s Edge NXT® users and its Standard and Optimized Donation Forms now available for Blackbaud CRM™ users in the region.</font></div><div style="margin-top:15pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Visit </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">www.blackbaud.com/newsroom</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> for more information about Blackbaud’s recent highlights.</font></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Full-Year 2024 Results Compared to Full-Year 2023 Results:</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP total revenue was $1.2 billion, up 4.5% and non-GAAP organic revenue increased 5.2%.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP recurring revenue was $1.1 billion, up 5.4% and represented 98% of total revenue. Non-GAAP organic recurring revenue increased 5.4%.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP loss from operations was $270.5 million, inclusive of aggregate pre-tax EVERFI impairment and disposition charges of $405.4 million, with GAAP operating margin of (23.4)%, a decrease of 2,740 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP income from operations was $320.1 million, with non-GAAP operating margin of 27.7%, an increase of 110 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP net loss was $283.2 million, inclusive of aggregate pre-tax EVERFI impairment and disposition charges of $405.4 million, with GAAP diluted loss per share of $5.60, down $5.63 per share.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.575%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP net income was $210.7 million, with non-GAAP diluted earnings per share of $4.07, up $0.09 per share.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted EBITDA was $388.9 million, up $32.4 million, with non-GAAP adjusted EBITDA margin of 33.7%, an increase of 150 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP net cash provided by operating activities was $296.0 million, an increase of $96.3 million, with GAAP operating cash flow margin of 25.6%, an increase of 750 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP free cash flow was $228.8 million, an increase $93.3 million, with non-GAAP free cash flow margin of 19.8%, an increase of 750 basis points.</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted free cash flow was $244.7 million, an increase of $31.2 million, with non-GAAP adjusted free cash flow margin of 21.2%, an increase of 190 basis points.</font></div><div style="margin-top:10pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Financial Outlook</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Blackbaud today announced its 2025 full year financial guidance:</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">GAAP revenue of $1.115 billion to $1.125 billion</font></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">◦</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.46pt">Organic revenue growth at constant currency of 4.5% to 5.4%</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted EBITDA margin of 34.9% to 35.9%</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP earnings per share of $4.16 to $4.35</font></div><div style="margin-top:6pt;padding-left:18pt;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP adjusted free cash flow of $185 million to $195 million</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included in its 2025 full year financial guidance are the following updated assumptions:</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Non-GAAP annualized effective tax rate is expected to be approximately 24.5%</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Interest expense for the year is expected to be approximately $65 million to $69 million</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Fully diluted shares for the year are expected to be approximately 48.5 million to 49.5 million</font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Capital expenditures for the year are expected to be approximately $55 million to $65 million, including approximately $50 million to $60 million of capitalized software development costs </font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Blackbaud has not reconciled forward-looking full-year non-GAAP financial measures contained in this news release to their most directly comparable GAAP measures, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K. Such reconciliations would require unreasonable efforts at this time to estimate and quantify with a reasonable degree of certainty various necessary GAAP components, including for example those related to compensation, acquisition transactions and integration, tax items or others that may arise during the year. These components and other factors could materially impact the amount of the future directly comparable GAAP measures, which may differ significantly from their non-GAAP counterparts. </font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In order to provide a meaningful basis for comparison, Blackbaud uses non-GAAP adjusted free cash flow in analyzing its operating performance. Non-GAAP adjusted free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software and content development, capital expenditures for property and equipment, plus cash outflows related to the previously disclosed Security Incident discovered in May 2020 (the "Security Incident"). Total costs related to the Security Incident exceeded the limit of our insurance coverage during the first quarter of 2022. For full year 2025, Blackbaud currently expects net cash outlays of $3 million to $4 million for ongoing legal fees related to the Security Incident. In line with the company's policy, all associated costs due to third-party service providers and consultants, including legal fees, are expensed as incurred. Please refer to the section below titled "Non-GAAP Financial Measures" for more information on Blackbaud's use of non-GAAP financial measures.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.575%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-top:10pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Stock Repurchase Program</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2024, Blackbaud had approximately $645 million remaining under its common stock repurchase program that was expanded, replenished and reauthorized in July 2024.</font></div><div style="margin-top:10pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Conference Call Details</font></div><div style="margin-top:10pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">What:    Blackbaud's Fourth Quarter and Full Year 2024 Conference Call</font></div><div style="text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When:    February 18, 2025 </font></div><div style="text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Time:     8:00 a.m. (Eastern Time)</font></div><div style="text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Live Call:</font><font style="color:#5b9a04;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">     </font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1-877-407-3088 (US/Canada)</font></div><div style="text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Webcast:    </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Blackbaud's Investor Relations Webpage</font></div><div style="margin-top:15pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">About Blackbaud</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.blackbaud.com</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, or follow us on</font><font style="color:#006ebf;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">X/Twitter</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">LinkedIn</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Instagram</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Facebook</font><font style="color:#373c3f;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:27.157%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.301%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.957%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investor Contact</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">IR@blackbaud.com</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Media Contact</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">media@blackbaud.com</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.575%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-top:9pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Forward-Looking Statements</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the predictability of our financial condition and results of operations. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; a shifting revenue mix that may impact gross margin; continued success in sales growth; cybersecurity and data protection risks and related liabilities; potential litigation involving us; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at </font><font style="color:#7a04dd;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sec.gov</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> or upon request from Blackbaud's investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.</font></div><div style="margin-top:15pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Trademarks</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.</font></div><div style="margin-top:15pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Non-GAAP Financial Measures </font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Blackbaud has provided in this release financial information that has not been prepared in accordance with GAAP. Blackbaud uses non-GAAP financial measures internally in analyzing its operational performance. Accordingly, Blackbaud believes these non-GAAP measures are useful to investors, as a supplement to GAAP measures, in evaluating its ongoing operational performance and trends and in comparing its financial results from period-to-period with other companies in Blackbaud's industry, many of which present similar non-GAAP financial measures to investors. However, these non-GAAP financial measures may not be completely comparable to similarly titled measures of other companies due to potential differences in the exact method of calculation between companies.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The non-GAAP financial measures discussed above exclude the impact of certain transactions that Blackbaud believes are not directly related to its operating performance in any particular period, but are for its long-term benefit over multiple periods. Blackbaud believes these non-GAAP financial measures reflect its ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in its business.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While Blackbaud believes these non-GAAP measures provide useful supplemental information, non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As previously disclosed, beginning in 2024, we apply a non-GAAP effective tax rate of 24.5% when calculating non-GAAP net income and non-GAAP diluted earnings per share. The non-GAAP tax rate utilized in future periods will be reviewed annually to determine whether it remains appropriate in consideration of our financial results including our periodic effective tax rate calculated in accordance with GAAP, our operating environment and related tax legislation in effect and other factors deemed necessary. All 2023 measures of non-GAAP net income and non-GAAP diluted earnings per share included in this news release are calculated under Blackbaud's historical non-GAAP effective tax rate of 20.0%.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:126pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.575%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:42pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"><div style="text-align:right"><img alt="bblogo.jpg" src="bblogo.jpg" style="height:29px;margin-bottom:5pt;vertical-align:text-bottom;width:190px"></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#006880;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:100%">PRESS RELEASE</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-GAAP free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software and content development, and capital expenditures for property and equipment. In addition, and in order to provide a meaningful basis for comparison, Blackbaud also uses non-GAAP adjusted free cash flow in analyzing its operating performance. Non-GAAP adjusted free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software and content development, and capital expenditures for property and equipment, plus cash outflows related to the Security Incident. Blackbaud believes non-GAAP free cash flow and non-GAAP adjusted free cash flow provide useful measures of the company's operating performance. Non-GAAP free cash flow and Non-GAAP adjusted free cash flow are not intended to represent and should not be viewed as the amount of residual cash flow available for discretionary expenditures.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, Blackbaud uses non-GAAP organic revenue growth, non-GAAP organic revenue growth on a constant currency basis, non-GAAP organic recurring revenue growth and non-GAAP organic recurring revenue growth on a constant currency basis, in analyzing its operating performance. Blackbaud believes that these non-GAAP measures are useful to investors, as a supplement to GAAP measures, for evaluating the periodic growth of its business on a consistent basis. Each of these measures excludes incremental acquisition-related revenue attributable to companies, if any, acquired in the current fiscal year. For companies acquired in the immediately preceding fiscal year, each of these measures reflects presentation of full-year incremental non-GAAP revenue derived from such companies as if they were combined throughout the prior period. In addition, each of these measures excludes prior period revenue associated with divested businesses. The exclusion of the prior period revenue is to present the results of the divested businesses within the results of the combined company for the same period of time in both the prior and current periods. Blackbaud believes this presentation provides a more comparable representation of its current business’ organic revenue growth and revenue run-rate.</font></div><div style="margin-top:9pt;text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rule of 40 is defined as non-GAAP organic revenue growth plus non-GAAP adjusted EBITDA margin. Non-GAAP adjusted EBITDA is defined as GAAP net income plus interest, net; income tax provision (benefit); depreciation; amortization of intangible assets from business combinations; amortization of software and content development costs; stock-based compensation; employee severance; acquisition and disposition-related costs; Security Incident-related costs; and impairment and disposition charges.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_10"></div><hr style="page-break-after:always"><div style="min-height:49.5pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Balance Sheets</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:4pt;font-weight:400;line-height:120%"> </font></div><div id="i35e9a5251a854c26a8ed6709b5275308_13"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:74.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands, except per share amounts)</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Assets</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Current assets:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">67,628 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31,251 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">741,884 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">697,006 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:29.25pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accounts receivable, net of allowance of $5,228 and $6,907 at December 31, 2024 and December 31, 2023, respectively</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">83,539 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">101,862 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Customer funds receivable</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,970 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">353 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepaid expenses and other current assets</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,287 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">99,285 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total current assets</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">976,308 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">929,757 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Property and equipment, net</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91,926 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">98,689 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Operating lease right-of-use assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,554 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">36,927 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Software and content development costs, net</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">148,319 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">160,194 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Goodwill</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,052,506 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,053,738 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Intangible assets, net</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">132,881 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">581,937 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">67,221 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51,037 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 61.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total assets</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,495,715 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,912,279 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Liabilities and stockholders’ equity</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Current liabilities:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Trade accounts payable</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50,810 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,184 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other current liabilities</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">75,543 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">64,322 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Due to customers</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">742,340 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">695,842 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Debt, current portion</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23,875 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19,259 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred revenue, current portion</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">359,529 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">392,530 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total current liabilities</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,252,097 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,197,137 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Debt, net of current portion</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,051,110 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">760,405 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred tax liability</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,518 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">93,292 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred revenue, net of current portion</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,015 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,397 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Operating lease liabilities, net of current portion</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">34,186 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,085 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,796 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,258 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 61.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total liabilities</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,353,722 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,103,574 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Commitments and contingencies</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Stockholders’ equity:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:29.25pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Preferred stock; 20,000,000 shares authorized, none outstanding</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:29.25pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Common stock, $0.001 par value; 180,000,000 shares authorized, 70,943,373 and 69,188,304 shares issued at December 31, 2024 and December 31, 2023, respectively; 49,245,588 and 53,625,440 shares outstanding at December 31, 2024 and December 31, 2023, respectively</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">71 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">69 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additional paid-in capital</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,291,442 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,203,012 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:29.25pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Treasury stock, at cost; 21,697,785 and 15,562,864 shares at December 31, 2024 and December 31, 2023, respectively</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,060,348)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(591,557)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accumulated other comprehensive loss</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,869)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,688)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(Accumulated deficit) retained earnings</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(84,303)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">198,869 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 61.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total stockholders’ equity</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">141,993 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">808,705 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 61.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total liabilities and stockholders’ equity</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,495,715 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,912,279 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_16"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Comprehensive Loss</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:51.901%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.469%"></td><td style="width:0.1%"></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands, except per share amounts)</font></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three months ended<br>December 31,</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr style="height:20pt"><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Revenue</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Recurring</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">296,202 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,381 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,129,114 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,071,520 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">One-time services and other</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,030 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,630 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,381 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">33,912 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 31.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total revenue</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">302,232 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">295,011 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,155,495 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,105,432 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cost of revenue</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cost of recurring</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">132,944 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">127,897 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">494,588 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">470,455 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cost of one-time services and other</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,925 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,938 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,704 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31,733 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 31.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total cost of revenue</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">137,869 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">135,835 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">516,292 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">502,188 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Gross profit</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">164,363 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">159,176 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">639,203 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">603,244 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Operating expenses</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Sales, marketing and customer success</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50,099 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,120 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">197,499 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">212,158 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Research and development</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">39,348 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,602 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">160,586 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">153,304 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">General and administrative</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,881 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,356 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">142,723 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">189,938 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">817 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">784 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,541 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,139 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">EVERFI disposition</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total operating expenses</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">531,505 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">126,862 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">909,709 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">558,539 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Loss) income from operations</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(367,142)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">32,314 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(270,506)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">44,705 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Interest expense</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(15,503)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(8,473)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(55,634)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(39,922)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other income, net</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,895 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,414 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14,549 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,861 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Loss) income before (benefit) provision for income taxes</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(377,750)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26,255 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(311,591)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,644 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Income tax (benefit) provision</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(46,986)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,856 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(28,419)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,824 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net (loss) income</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330,764)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,399 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(283,172)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,820 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">(Loss) earnings per share</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Basic</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6.74)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.10 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5.60)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.03 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Diluted</font></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6.74)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.10 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5.60)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0.03 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Common shares and equivalents outstanding</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Basic weighted average shares</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">49,051,396 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,697,294 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50,560,538 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,546,406 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Diluted weighted average shares</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">49,051,396 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">54,439,689 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50,560,538 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">53,721,342 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other comprehensive income (loss)</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Foreign currency translation adjustment</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(8,439)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,630 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,822)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,049 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 21.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Unrealized gain (loss) on derivative instruments, net of tax</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,457 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(14,459)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(359)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(15,675)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total other comprehensive income (loss)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,018 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(9,829)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,181)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,626)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Comprehensive loss</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(328,746)</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,430)</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(286,353)</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(8,806)</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_19"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consolidated Statements of Cash Flows</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div style="margin-bottom:1pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:74.595%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands)</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash flows from operating activities</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net (loss) income</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(283,172)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,820 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Adjustments to reconcile net (loss) income to net cash provided by operating activities:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">121,665 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">109,487 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Provision for credit losses and sales returns</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,932 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,500 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Stock-based compensation expense</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">104,968 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">127,762 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred taxes</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(85,011)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(24,368)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Amortization of deferred financing costs and discount</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,538 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,775 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Loss on disposition of businesses</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16,847 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">EVERFI impairment charges</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">390,204 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other non-cash adjustments</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,462 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,023 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 30.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Changes in operating assets and liabilities, net of acquisition and disposal of businesses:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accounts receivable</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,729 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,237)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Prepaid expenses and other assets</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,339 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16,851 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Trade accounts payable</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,336 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(18,576)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(13,328)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(30,275)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Deferred revenue</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,541)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,872 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net cash provided by operating activities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">295,968 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">199,634 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash flows from investing activities</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Purchase of property and equipment</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,443)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,685)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Capitalized software and content development costs</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,757)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,443)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Purchase of net assets of acquired companies, net of cash and restricted cash acquired</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(13)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash (used) received in disposition of business</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,179)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Other investing activities</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,029)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(250)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net cash used in investing activities</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(73,408)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(64,391)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash flows from financing activities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Proceeds from issuance of debt</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,441,400 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">293,200 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Payments on debt</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,144,709)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(374,595)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Debt issuance costs</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,458)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Employee taxes paid for withheld shares upon equity award settlement</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(56,828)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(35,867)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Change in due to customers</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">46,957 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,812)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Change in customer funds receivable</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,679)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(60)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Purchase of treasury stock</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(418,034)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(18,831)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 48.25pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net cash used in financing activities</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(139,351)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(142,965)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Effect of exchange rate on cash, cash equivalents and restricted cash</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,954)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,048 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net increase (decrease) in cash, cash equivalents and restricted cash</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">81,255 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,674)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash, cash equivalents and restricted cash, beginning of year</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">728,257 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">733,931 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash, cash equivalents and restricted cash, end of year</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">809,512 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">728,257 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown above in the consolidated statements of cash flows:</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:74.488%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.105%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.107%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands)</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,<br>2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">67,628 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31,251 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Restricted cash</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">741,884 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">697,006 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Total cash, cash equivalents and restricted cash in the statement of cash flows</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">809,512 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">728,257 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_22"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reconciliation of GAAP to Non-GAAP Financial Measures</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:51.901%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.469%"></td><td style="width:0.1%"></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands, except per share amounts)</font></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three months ended<br>December 31,</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP Revenue</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">302,232 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">295,011 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,155,495 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,105,432 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP gross profit</font></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">164,363 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">159,176 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">639,203 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">603,244 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP gross margin</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54.4 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54.0 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55.3 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54.6 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Stock-based compensation expense</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,026 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,416 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,092 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16,658 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Amortization of intangibles from business combinations</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12,988 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,099 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56,957 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52,463 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Employee severance</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">797 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Subtotal</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,014 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,515 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">71,049 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">69,918 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP gross profit</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">181,377 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">176,691 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">710,252 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">673,162 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP gross margin</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">60.0 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">59.9 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">61.5 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">60.9 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP (loss) income from operations</font></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(367,142)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32,314 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(270,506)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">44,705 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP operating margin</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(121.5)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11.0 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(23.4)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.0 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Stock-based compensation expense</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">28,538 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32,094 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">104,968 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">127,762 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Amortization of intangibles from business combinations</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,805 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,883 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">60,498 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55,602 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Employee severance</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,149 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Acquisition and disposition-related costs</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,201 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">657 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,100 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,456 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Security Incident-related costs</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">918 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,780 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,700 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53,426 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: EVERFI impairment and disposition charges</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Subtotal</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">449,822 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51,469 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">590,626 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">249,395 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP income from operations</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">82,680 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">83,783 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">320,120 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">294,100 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP operating margin</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27.4 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">28.4 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27.7 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26.6 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP (loss) income before (benefit) provision for income taxes</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(377,750)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26,255 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(311,591)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,644 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP net (loss) income</font></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(330,764)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,399 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(283,172)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,820 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Shares used in computing GAAP diluted (loss) earnings per share</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">49,051,396 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54,439,689 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">50,560,538 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53,721,342 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GAAP diluted (loss) earnings per share</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6.74)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.10 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5.60)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.03 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: GAAP income tax (benefit) provision</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(46,986)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">20,856 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(28,419)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,824 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add: Total non-GAAP adjustments affecting income from operations</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">449,822 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51,469 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">590,626 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">249,395 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP income before provision for income taxes</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">72,072 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">77,724 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">279,035 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">267,039 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Assumed non-GAAP income tax provision</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,658 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,545 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">68,364 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53,408 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP net income</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54,414 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">62,179 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">210,671 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">213,631 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Shares used in computing non-GAAP diluted earnings per share</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">50,591,254 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54,439,689 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51,750,308 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53,721,342 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-GAAP diluted earnings per share</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.08 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1.14 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.07 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3.98 </font></td><td style="background-color:#ffffff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    </font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Includes noncash impairment charges incurred during the twelve months ended December 31, 2024 and 2023 related to the subleases of our Washington, DC office location, the lease of which was acquired during the EVERFI acquisition.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Includes Security Incident-related costs incurred during the three and twelve months ended December 31, 2024 of $0.9 million and $13.7 million, respectively, which included approximately $6.8 million in recorded liabilities for loss contingencies, and during the three and twelve months ended December 31, 2023 of $4.8 million and $53.4 million, respectively, which included approximately $1.0 million and $31.0 million, respectively, in recorded liabilities for loss contingencies. Recorded expenses consisted primarily of payments to third-party service providers and consultants, including legal fees, as well as settlements of customer claims, negotiated settlements and accruals for certain loss contingencies. Not included in this adjustment were costs associated with enhancements to our cybersecurity program. For the year ended December 31, 2025, we currently expect pre-tax expenses of approximately $2 million to $3 million and cash outlays of approximately $3 million to $4 million for ongoing legal fees related to the Security Incident. In line with our policy, legal fees are expensed as incurred. As of December 31, 2024, we have recorded approximately $0.7 million in aggregate liabilities for loss contingencies based primarily on recent negotiations with certain customers related to the Security Incident that we believe we can reasonably estimate. It is reasonably possible that our estimated or actual losses may change in the near term for those matters and be materially in excess of the amounts accrued, but we are unable at this time to reasonably estimate the possible additional loss. There are other Security Incident-related matters for which we have not recorded a liability for a loss contingency as of December 31, 2024 because we are unable at this time to reasonably estimate the possible loss or range of loss. Each of these matters could, separately or in the aggregate, result in an adverse judgment, settlement, fine, penalty or other resolution, the amount, scope and timing of which we are currently unable to predict, but could have a material adverse impact on our results of operations, cash flows or financial condition.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Beginning in 2024, we now apply a non-GAAP effective tax rate of 24.5% when calculating non-GAAP net income and non-GAAP diluted earnings per share. For the twelve months ended December 31, 2023, the tax impact related to non-GAAP adjustments is calculated under our historical non-GAAP effective tax rate of 20.0%.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_25"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reconciliation of GAAP to Non-GAAP Financial Measures (continued)</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.453%"></td><td style="width:0.1%"></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands)</font></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three months ended<br>December 31,</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">GAAP revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">302,232 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">295,011 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,155,495 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,105,432 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">GAAP revenue growth</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2.4</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">4.5</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less: Non-GAAP revenue from divested businesses</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,213)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,402)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">302,232 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">292,798 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,155,495 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,098,030 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP organic revenue growth</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3.2</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">5.2</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</font></div></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">302,232 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">292,798 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,155,495 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,098,030 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Foreign currency impact on non-GAAP organic revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(857)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,987)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic revenue on constant currency basis</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</font></div></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">301,375 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">292,798 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,152,508 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,098,030 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP organic revenue growth on constant currency basis</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2.9</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">5.0</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">GAAP recurring revenue</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">296,202 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,381 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,129,114 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,071,520 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">GAAP recurring revenue growth</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3.1</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">5.4</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less: Non-GAAP recurring revenue from divested businesses</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic recurring revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</font></div></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">296,202 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,381 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,129,114 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,071,520 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP organic recurring revenue growth</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3.1</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">5.4</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic recurring revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">296,202 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,381 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,129,114 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,071,520 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Foreign currency impact on non-GAAP organic recurring revenue</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(843)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,913)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP organic recurring revenue on constant currency basis</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</font></div></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">295,359 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">287,381 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,126,201 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,071,520 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP organic recurring revenue growth on constant currency basis</font></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2.8</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">5.1</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:0 1pt"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Includes EVERFI revenue of $18.7 million and $26.4 million for the three months ended December 31, 2024 and 2023, respectively, and $85.5 million and $106.9 million for the year ended December 31, 2024 and 2023, respectively.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Non-GAAP revenue from divested businesses excludes revenue associated with divested businesses in the prior period. The exclusion of the prior period revenue is to present the results of the divested business with the results of the combined company for the same period of time in both the prior and current periods.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Non-GAAP organic revenue and non-GAAP organic recurring revenue for the prior year periods presented herein may not agree to non-GAAP organic revenue and non-GAAP organic recurring revenue presented in the respective prior period quarterly financial information solely due to the manner in which non-GAAP organic revenue growth and non-GAAP organic recurring revenue growth are calculated.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">To determine non-GAAP organic revenue growth and non-GAAP organic recurring revenue growth on a constant currency basis, revenues from entities reporting in foreign currencies were translated to U.S. Dollars using the comparable prior period's quarterly weighted average foreign currency exchange rates. The primary foreign currencies creating the impact are the Australian Dollar, British Pound, Canadian Dollar and Euro.</font></div><div style="margin-top:9pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_28"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reconciliation of GAAP to Non-GAAP Financial Measures (continued)</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:51.970%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.453%"></td><td style="width:0.1%"></td></tr><tr style="height:20pt"><td colspan="3" rowspan="2" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands)</font></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three months ended<br>December 31,</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-left:1pt solid #004054;padding:0 1pt"></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">GAAP net (loss) income</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(330,764)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,399 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(283,172)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,820 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Interest, net</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,638 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,208 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">45,788 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31,101 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: GAAP income tax (benefit) provision</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(46,986)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20,856 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(28,419)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,824 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Depreciation</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,207 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,142 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,828 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,043 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Amortization of intangibles from business combinations</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,805 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,883 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">60,498 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">55,602 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Amortization of software and content development costs</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,325 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,183 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51,240 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">45,296 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Subtotal</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,011)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">56,272 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">141,935 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">160,866 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP EBITDA</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(333,775)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">61,671 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(141,237)</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">162,686 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP EBITDA margin</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(110.4)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(12.2)</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Stock-based compensation expense</font></div></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,538 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">32,094 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">104,968 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">127,762 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Employee severance</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">55 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,149 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Acquisition and disposition-related costs</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,201 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">657 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,100 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,456 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Security Incident-related costs</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">918 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,780 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13,700 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">53,426 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: EVERFI impairment and disposition charges</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">405,360 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">— </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Subtotal</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">436,017 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">37,586 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">530,128 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">193,793 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted EBITDA</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">102,242 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">99,257 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">388,891 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">356,479 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted EBITDA margin</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(4)</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">33.8</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">33.7</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Rule of 40</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(5)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">37.0</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">38.9</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Non-GAAP adjusted EBITDA</font></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">102,242 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">99,257 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">388,891 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">356,479 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Foreign currency impact on Non-GAAP adjusted EBITDA</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(6)</font></div></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(559)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(716)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,618)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted EBITDA on constant currency basis</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(6)</font></div></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">101,683 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">98,541 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">387,273 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">356,472 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted EBITDA margin on constant currency basis</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">33.7</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">33.6</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Rule of 40 on constant currency basis</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(7)</font></div></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">36.6</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">38.6</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:0 1pt"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Includes amortization expense related to software and content development costs, and amortization expense from capitalized cloud computing implementation costs.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Measured by GAAP revenue divided by non-GAAP EBITDA.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">See additional details in the reconciliation of GAAP to Non-GAAP operating income above.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4)</font><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Measured by non-GAAP organic revenue divided by non-GAAP adjusted EBITDA.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(5)</font><font style="background-color:#ffffff;color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Measured </font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">by non-GAAP organic revenue growth plus non-GAAP adjusted EBITDA margin. See Non-GAAP organic revenue growth table above.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(6)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">To determine non-GAAP adjusted EBITDA on a constant currency basis, non-GAAP adjusted EBITDA from entities reporting in foreign currencies were translated to U.S. Dollars using the comparable prior period's quarterly weighted average foreign currency exchange rates. The primary foreign currencies creating the impact are the Australian Dollar, British Pound, Canadian Dollar and Euro.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(7)</font><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Measured by non-GAAP organic revenue growth on constant currency basis plus non-GAAP adjusted EBITDA margin on constant currency basis.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div><div id="i35e9a5251a854c26a8ed6709b5275308_31"></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Blackbaud, Inc.</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reconciliation of GAAP to Non-GAAP Financial Measures (continued)</font></div><div style="text-align:center"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Unaudited)</font></div></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:74.888%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.905%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.907%"></td><td style="width:0.1%"></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(dollars in thousands)</font></td><td colspan="6" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #004054;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Years ended<br>December 31,</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="background-color:#004054;border-left:1pt solid #004054;border-right:1pt solid #004054;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#ffffff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">GAAP net cash provided by operating activities</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">295,968 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">199,634 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #004054;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">GAAP operating cash flow margin</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.6 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.1 </font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td><td colspan="3" style="background-color:#ebfbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less: purchase of property and equipment</font></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,443)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,685)</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Less: capitalized software and content development costs</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,757)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(59,443)</font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP free cash flow</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">228,768 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">135,506 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP free cash flow margin</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.8 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12.3 </font></td><td style="background-color:#ebfbff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjustments:</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Add: Security Incident-related cash flows</font></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,925 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebfbff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">78,010 </font></td><td style="background-color:#ebfbff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted free cash flow</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">244,693 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">213,516 </font></td><td style="background-color:#ffffff;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-GAAP adjusted free cash flow margin</font></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.2 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.3 </font></td><td style="background-color:#ebfbff;border-bottom:1pt solid #0cd973;border-top:1pt solid #51555c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#51555c;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">%</font></td></tr></table></div><div 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<DOCUMENT>
<TYPE>EX-101.LAB
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<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
<link:label id="lab_us-gaap_StatementClassOfStockAxis_63508ce0-9f8d-4d80-82e7-69f4c94e65cf_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
<link:label id="lab_us-gaap_StatementClassOfStockAxis_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" xlink:type="arc" order="1"/>
<link:label id="lab_dei_SecurityExchangeName_28ec7ca7-a28d-4268-8c48-369892f8fd23_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
<link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressCityOrTown_02d8a9d3-9158-481b-9bc9-7f582544845b_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
<link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
<link:label id="lab_dei_SolicitingMaterial_91712b92-a01c-4a87-825e-20c8e5052404_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
<link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
<link:label id="lab_dei_CoverAbstract_43d60434-2d1b-40a4-9162-219a9486cb74_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
<link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
<link:label id="lab_dei_CityAreaCode_2c3ab9c1-5443-4382-ac54-d9c77ba4d509_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
<link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
<link:label id="lab_dei_AmendmentFlag_0c53274e-ae80-4d68-b70e-f2165185f938_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
<link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityTaxIdentificationNumber_779cd39e-fe88-4d25-a125-8b694844e16d_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
<link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
<link:label id="lab_dei_TradingSymbol_a3369b7e-6149-491f-83d9-958394c4e392_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
<link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityRegistrantName_e05b1d0f-867e-42a5-b024-acc913c6798b_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
<link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
<link:label id="lab_dei_PreCommencementTenderOffer_8e21017d-cf6c-4c26-93c1-71d62bcc6296_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
<link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityEmergingGrowthCompany_0577b2a7-706b-4ecb-980f-e9273d171fb4_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
<link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityCentralIndexKey_e2c71169-2894-496e-9461-c972022d9b03_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
<link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityFileNumber_0639ab8e-60a2-4332-867c-75f583e7f335_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
<link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressStateOrProvince_52740494-8fef-4e3d-9988-1eb475800ab7_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
<link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
<link:label id="lab_dei_PreCommencementIssuerTenderOffer_6a4172f0-36c5-4162-89e6-76f1a6fdac4d_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
<link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressAddressLine1_adf0d87c-7c63-4ed4-b492-62059093f68d_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
<link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentInformationLineItems_351ec49a-c0e2-496a-ab9b-b1f93e3fc91d_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
<link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentInformationTable_9e7e9ece-6d43-46c2-98f4-04d487e69e88_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
<link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
<link:label id="lab_dei_EntityAddressPostalZipCode_7f8349c3-e093-48df-93bc-9a5052a73b11_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
<link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
<link:label id="lab_dei_WrittenCommunications_3125fe7c-77b3-4d59-bc7b-3fd5e3719198_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
<link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
<link:label id="lab_dei_LocalPhoneNumber_50b29cb1-bfcb-441c-b0ee-e2e1daf3b97d_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
<link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
<link:label id="lab_dei_Security12bTitle_6ec9abce-93a8-4d92-8788-054650eccbf4_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
<link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
<link:label id="lab_dei_DocumentPeriodEndDate_ec67b79f-bf82-4509-b34c-c7db89e2fffd_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
<link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
function toggleNextSibling (e) {
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<span style="display: none;">v3.25.0.1</span><table class="report" border="0" cellspacing="2" id="idm46021080371536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information Document<br></strong></div></th>
<th class="th"><div>Feb. 18, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Feb. 18, 2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Blackbaud, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">000-50600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">11-2617163<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">65 Fairchild Street<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Charleston<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">SC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">29492<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">843<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">216-6200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.001 Par Value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">BLKB<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001280058<span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:normalizedStringItemType</td>
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<td>na</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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