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Historical Consolidated Balance Sheets (Unaudited) (in thousands) Assets Current assets: Cash and cash equivalents Restricted cash due to customers Accounts receivable, net of allowance Customer funds receivable Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Software development costs, net Goodwill Intangible assets, net Other assets Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 $ 24,972 $ 232,250 30,531 $ 421,915 30,563 $ 203,660 35,750 $ 609,219 27,753 $ 255,158 28,288 $ 434,567 27,591 216,122 89,191 129,675 96.830 95,404 83,333 119,270 105,873 1,205 1,284 4,901 321 945 5,390 6,076 81,004 83,699 76,761 78,366 98,095 103,493 102,319 428,622 667,104 412,715 819,060 465,284 691,008 457,981 35,661 36,539 109,469 105,177 105,124 104,914 103,346 100,568 95,575 30,218 22,671 20,055 22,630 19,652 105,594 106,044 108,891 111,827 113,624 116,562 118,860 631,033 630,687 632,840 635,854 637,113 637,510 635,912 303,097 292,187 284,414 277,506 269,118 260,072 249,494 66,346 68,673 72,617 72,639 74,022 70,666 69,699 $ 1,670,921 $ 1,896,809 $ 1,651,164 $ 2,044,734 $ 1,684,340 $ 1,903,362 $ 1,654,944 Total assets Liabilities and stockholders' equity Current liabilities: Trade accounts payable $ 44,510 $ Accrued expenses and other current liabilities 45,781 41,029 $ 52,893 31,775 $ 48,380 27,836 $ 52,228 35,274 $ 53,013 30,605 $ 38,388 55,808 58,579 Due to customers 233,455 423,199 207,356 608,264 254,947 438,633 220,785 Debt, current portion 10,351 9,194 10,305 12,840 12,875 12,911 12,948 Deferred revenue, current portion 288,682 332,570 322,452 312,236 290,025 339,670 329,426 Total current liabilities 622,779 858,885 620,268 1,013,404 646,134 877,627 660,126 Debt, net of current portion 520,576 478,919 497,953 518,193 537,924 531,973 514,418 Deferred tax liability 43,286 45,108 46,989 54,086 54,444 56,227 56,144 Deferred revenue, net of current portion 1,715 4,626 5,803 4,678 4,495 5,749 4,528 Operating lease liabilities, net of current portion 91,235 86,586 25,706 17,357 15,744 17,173 13,470 Other liabilities 10,937 11,883 12,610 10,866 9,439 9,339 9,421 Total liabilities 1,290,528 1,486,007 1,209,329 1,618,584 1,268,180 1,498,088 1,258,107 Commitments and contingencies blackbaud Stockholders' equity: Preferred stock Common stock, $0.001 par value Additional paid-in capital Treasury stock, at cost Accumulated other comprehensive loss Retained earnings 61 471,344 61 491,450 61 512,269 61 544,963 62 574,958 62 605,486 62 634,406 (310,447) (311,661) (311,951) (353,091) (399,583) (449,877) (490,456) (14,140) (14,476) (8,872) (2,497) 4,163 6,291 3,319 233,575 245,428 250,328 236,714 236,560 243,312 249,506 Total stockholders' equity 380,393 410,802 441,835 426,150 416,160 405,274 396,837 Total liabilities and stockholders' equity $ 1,670,921 $ 1,896,809 $ 1,651,164 $ 2,044,734 $ 1,684,340 $ 1,903,362 $ 1,654,944 88 48

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