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Blackbaud, Inc. Common Stock · BLKB
BLKBNASDAQCommon stockCurrentCIK 1280058Updated Oct 29, 2026
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Blackbaud Announces Date of Second Quarter 2025 Financial Results News provided by Blackbaud Jul 15, 2025, 09:00 ET Share this article Share to X Share this article Share to X CHARLESTON, S.C. , July 15, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB ), the leading provider of software for powering so ↗
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Blackbaud, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
Blackbaud outlines 4%-6% organic revenue growth target through 2030 while signaling 2026 EPS and free cash flow at or above guidance high end ↗
Blackbaud, Inc. (BLKB) Q3 2026 Earnings Call Transcript ↗
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BLACKBAUD INC files 8-K: Material Event ↗
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 2,104,441,000Source | 2,601,200,000Source | 2,594,496,000Source | 2,629,393,000Source | 3,042,748,000Source | 2,109,298,000Source | 2,102,219,000Source | 2,549,134,000Source | 2,390,682,000Source | 2,495,715,000Source | 2,912,279,000Source | 2,992,703,000Source |
| Property, Plant and Equipment, NetUSD | 85,332,000Source | 95,053,000Source | 85,499,000Source | 83,052,000Source | 98,066,000Source | 85,053,000Source | 85,031,000Source | 96,074,000Source | 85,076,000Source | 91,926,000Source | 98,689,000Source | 107,426,000Source |
| GoodwillUSD | 1,056,656,000Source | 1,056,882,000Source | 1,055,923,000Source | 1,057,927,000Source | 1,053,249,000Source | 1,055,777,000Source | 1,054,290,000Source | 1,053,130,000Source | 1,056,815,000Source | 1,052,506,000Source | 1,053,738,000Source | 1,050,272,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 112,697,000Source | 536,008,000Source | 93,379,000Source | 120,791,000Source | 549,521,000Source | 99,279,000Source | 126,338,000Source | 565,008,000Source | 106,654,000Source | 132,881,000Source | 581,937,000Source | 635,136,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 38,255,000Source | 34,633,000Source | 34,388,000Source | 41,566,000Source | 30,438,000Source | 34,096,000Source | 37,243,000Source | 26,376,000Source | 38,914,000Source | 67,628,000Source | 31,251,000Source | 31,691,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 82,561,000Source | 97,988,000Source | 134,888,000Source | 145,237,000Source | 152,832,000Source | 75,691,000Source | 78,105,000Source | 96,097,000Source | 80,517,000Source | 83,539,000Source | 101,862,000Source | 102,809,000Source |
| Assets, CurrentUSD | 638,835,000Source | 655,800,000Source | 1,118,894,000Source | 1,153,969,000Source | 1,079,173,000Source | 642,221,000Source | 627,452,000Source | 577,084,000Source | 930,090,000Source | 976,308,000Source | 929,757,000Source | 918,643,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 94,838,000Source | 87,700,000Source | 96,620,000Source | 91,222,000Source | 92,290,000Source | 106,158,000Source | 88,182,000Source | 94,589,000Source | 89,290,000Source | 81,287,000Source | 99,285,000Source | 81,654,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,931,000Source | 27,522,000Source | 6,362,000Source | 5,266,000Source | 28,489,000Source | 6,746,000Source | 1,725,000Source | 35,464,000Source | 4,630,000Source | 26,554,000Source | 36,927,000Source | 45,899,000Source |
| Other Assets, NoncurrentUSD | 51,916,000Source | 60,444,000Source | 81,802,000Source | 54,784,000Source | 68,785,000Source | 70,340,000Source | 57,270,000Source | 59,883,000Source | 51,575,000Source | 67,221,000Source | 51,037,000Source | 94,304,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 1,996,252,000Source | 2,056,400,000Source | 2,527,466,000Source | 2,541,443,000Source | 2,465,411,000Source | 2,074,744,000Source | 2,069,044,000Source | 2,015,080,000Source | 2,305,628,000Source | 2,353,722,000Source | 2,103,574,000Source | 2,248,671,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 72,000Source | 71,000Source | 74,000Source | 72,000Source | 71,000Source | 74,000Source | 72,000Source | 71,000Source | 72,000Source | 71,000Source | 69,000Source | 68,000Source |
| Retained Earnings (Accumulated Deficit)USD | -21,176,000Source | 246,900,000Source | 82,010,000Source | -53,456,000Source | 225,919,000Source | 46,652,000Source | -79,436,000Source | 204,115,000Source | 15,513,000Source | -84,303,000Source | 198,869,000Source | 197,049,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -9,198,000Source | -6,887,000Source | -925,000Source | -6,292,000Source | 175,000Source | -3,850,000Source | -8,302,000Source | 1,222,000Source | -5,948,000Source | -4,869,000Source | -1,688,000Source | 8,938,000Source |
| Stockholders' Equity Attributable to ParentUSD | 108,189,000Source | 544,773,000Source | 67,030,000Source | 72,738,000Source | 577,337,000Source | 34,554,000Source | 17,477,000Source | 534,054,000Source | 85,054,000Source | 141,993,000Source | 808,705,000Source | 744,032,000Source |
| Additional Paid in Capital, Common StockUSD | 1,369,807,000Source | 1,227,200,000Source | 1,438,227,000Source | 1,347,234,000Source | 1,208,624,000Source | 1,415,521,000Source | 1,319,562,000Source | 1,184,338,000Source | 1,391,641,000Source | 1,291,442,000Source | 1,203,012,000Source | 1,075,264,000Source |
| Liabilities and EquityUSD | 2,104,441,000Source | 2,601,200,000Source | 2,594,496,000Source | 2,629,393,000Source | 3,042,748,000Source | 2,109,298,000Source | 2,102,219,000Source | 2,549,134,000Source | 2,390,682,000Source | 2,495,715,000Source | 2,912,279,000Source | 2,992,703,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 929,382,000Source | 962,000,000Source | 1,351,052,000Source | 1,380,057,000Source | 1,348,976,000Source | 866,679,000Source | 863,898,000Source | 862,627,000Source | 1,182,095,000Source | 1,252,097,000Source | 1,197,137,000Source | 1,230,642,000Source |
| Operating Lease, Liability, CurrentUSD | 1,587,000Source | 4,707,000Source | — | 1,443,000Source | 4,887,000Source | — | 1,073,000Source | 6,714,000Source | 1,559,000Source | 4,489,000Source | 6,701,000Source | 7,723,000Source |
| Operating Lease, Liability, NoncurrentUSD | 5,030,000Source | 35,218,000Source | — | 5,526,000Source | 36,290,000Source | — | 2,395,000Source | 38,492,000Source | 4,605,000Source | 34,186,000Source | 40,085,000Source | 44,918,000Source |
| Deferred Income Tax Liabilities, NetUSD | 9,246,000Source | 68,200,000Source | 33,407,000Source | 9,773,000Source | 75,397,000Source | 27,333,000Source | 9,604,000Source | 82,446,000Source | 21,981,000Source | 9,518,000Source | 93,292,000Source | 125,759,000Source |
| Other Liabilities, NoncurrentUSD | 8,816,000Source | 12,304,000Source | 12,822,000Source | 7,796,000Source | 4,362,000Source | 11,496,000Source | 4,771,000Source | 4,163,000Source | 7,132,000Source | 4,796,000Source | 10,258,000Source | 4,294,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 21,570,000Source | 9,090,000Source | 92,648,000Source | 124,605,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 22,613,000Source | 23,830,000Source | 22,595,000Source | 22,566,000Source | 23,786,000Source | 23,160,000Source | 23,350,000Source | 19,302,000Source | 22,660,000Source | 23,875,000Source | 19,259,000Source | 18,802,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,042,005,000Source | 977,019,000Source | 1,127,412,000Source | 1,136,112,000Source | 998,071,000Source | 1,163,182,000Source | 1,182,343,000Source | 1,020,520,000Source | 1,087,037,000Source | 1,051,110,000Source | 760,405,000Source | 840,241,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 23,880,000Source | 22,170,000Source | 92,910,000Source | 104,968,000Source | 127,762,000Source | 110,294,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -3,613,000Source | -4,770,000Source | 938,000Source | -4,729,000Source | 3,237,000Source | 7,340,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 4,257,000Source | -221,000Source | -181,000Source | -85,011,000Source | -24,368,000Source | -26,644,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 51,459,000Source | 1,388,000Source | 265,550,000Source | 295,968,000Source | 199,634,000Source | 203,893,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | 700,000Source | 0Source | 13,000Source | 20,912,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -14,466,000Source | -25,893,000Source | -74,938,000Source | -73,408,000Source | -64,391,000Source | -85,549,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | — | — | 0Source | 5,029,000Source | 250,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 1,668,000Source | 688,000Source | 7,767,000Source | 7,443,000Source | 4,685,000Source | 12,289,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 25,112,000Source | 37,948,000Source | 40,403,000Source | 56,828,000Source | 35,867,000Source | 36,376,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 82,103,000Source | 100,030,000Source | 217,152,000Source | 418,034,000Source | 18,831,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -342,768,000Source | -330,032,000Source | -247,399,000Source | -139,351,000Source | -142,965,000Source | -25,689,000Source |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -306,208,000Source | -352,869,000Source | -50,537,000Source | 81,255,000Source | -5,674,000Source | 82,169,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 457,440,000Source | 462,728,000Source | 881,008,000Source | 911,814,000Source | 452,767,000Source | 456,643,000Source | 758,975,000Source | 809,512,000Source | 728,257,000Source | 733,931,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 65,603,000Source | 51,881,000Source | 38,052,000Source | 33,371,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 28,141,000Source | 60,668,000Source | 35,619,000Source | 9,670,000Source |
| Additional Financial Items | ||||||||||||
| AmortizationUSD | — | — | — | — | — | — | — | — | 29,878,000Source | 60,498,000Source | 55,602,000Source | 51,417,000Source |
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 92,910,000Source | 104,968,000Source | 127,762,000Source | 110,294,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 486,000Source | 699,000Source | 2,480,000Source | 2,538,000Source | 1,775,000Source | 2,364,000Source |
| Amortization of Intangible AssetsUSD | — | — | 570,000Source | 918,000Source | 586,000Source | 566,000Source | 588,000Source | 534,000Source | 2,234,000Source | 3,541,000Source | 3,139,000Source | 2,925,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 46,300,000Source | 48,300,000Source | 42,800,000Source | 36,800,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 10,100,000Source | 12,800,000Source | 13,000,000Source | 14,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 264,000Source | -1,315,000Source | -336,000Source | -2,022,000Source | -166,000Source | -877,000Source | -2,846,000Source | 487,000Source | -36,000Source | 4,635,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | 0Source | 0Source | -16,847,000Source | — | — |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | — | — | — | — | 24,300,000Source | 24,300,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 31,044,000Source | 27,519,000Source | 34,449,000Source | 32,856,000Source | 30,261,000Source | 56,679,000Source | 154,610,000Source | 142,723,000Source | 189,938,000Source | 199,908,000Source |
| GoodwillUSD | — | — | 1,056,656,000Source | 1,056,882,000Source | 1,055,923,000Source | 1,057,927,000Source | 1,055,777,000Source | 1,054,290,000Source | 1,056,815,000Source | 1,052,506,000Source | 1,053,738,000Source | 1,050,272,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 0Source | — | 0Source | 2,000,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | 367,500,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | -6,448,000Source | 11,714,000Source | 11,063,000Source | 13,575,000Source | 6,666,000Source | 542,000Source | 16,813,000Source | -28,419,000Source | 15,824,000Source | -10,168,000Source |
| Investment Income, InterestUSD | — | — | 2,371,000Source | 3,118,000Source | 1,927,000Source | 1,968,000Source | 1,679,000Source | 1,655,000Source | 7,892,000Source | 9,846,000Source | 8,821,000Source | 1,746,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 47,492,000Source | 18,290,000Source | 35,358,000Source | 26,466,000Source | 31,139,000Source | 4,323,000Source | 114,970,000Source | -283,172,000Source | 1,820,000Source | -45,407,000Source |
| Operating ExpensesUSD | — | — | 112,917,000Source | 116,161,000Source | 116,147,000Source | 111,063,000Source | 115,114,000Source | 135,416,000Source | 472,538,000Source | 909,709,000Source | 558,539,000Source | 581,201,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | — | — | — | — | 3,100,000Source | 5,600,000Source | 1,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 610,000Source | 1,194,000Source | 393,000Source | 1,172,000Source | 883,000Source | 1,327,000Source | 3,953,000Source | 4,216,000Source | 4,076,000Source | 2,332,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | — | — | 0Source | 6,458,000Source | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 281,143,000Source | 286,598,000Source | 290,597,000Source | 282,030,000Source | 281,140,000Source | 269,936,000Source | 1,128,365,000Source | 1,155,495,000Source | 1,105,432,000Source | 1,058,105,000Source |
| Cost of RevenueUSD | — | — | 113,653,000Source | 129,290,000Source | 112,434,000Source | 113,633,000Source | 114,581,000Source | 114,815,000Source | 465,073,000Source | 516,292,000Source | 502,188,000Source | 505,389,000Source |
| Operating Income (Loss)USD | — | — | 54,573,000Source | 41,147,000Source | 62,016,000Source | 57,334,000Source | 51,445,000Source | 19,705,000Source | 190,754,000Source | -270,506,000Source | 44,705,000Source | -28,485,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 610,000Source | 1,194,000Source | 393,000Source | 1,172,000Source | 883,000Source | 1,327,000Source | 3,953,000Source | 4,216,000Source | 4,076,000Source | 2,332,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 41,044,000Source | 30,004,000Source | 46,421,000Source | 40,041,000Source | 37,805,000Source | 4,865,000Source | 131,783,000Source | -311,591,000Source | 17,644,000Source | -55,575,000Source |
| Income Tax Expense (Benefit)USD | — | — | -6,448,000Source | 11,714,000Source | 11,063,000Source | 13,575,000Source | 6,666,000Source | 542,000Source | 16,813,000Source | -28,419,000Source | 15,824,000Source | -10,168,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 47,492,000Source | 18,290,000Source | 35,358,000Source | 26,466,000Source | 31,139,000Source | 4,323,000Source | 114,970,000Source | -283,172,000Source | 1,820,000Source | -45,407,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1Source | 0.36Source | 0.79Source | 0.55Source | 0.68Source | 0.09Source | 2.41Source | -5.6Source | 0.03Source | -0.88Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.98Source | 0.35Source | 0.79Source | 0.55Source | 0.67Source | 0.09Source | 2.37Source | -5.6Source | 0.03Source | -0.88Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 47,680,002Source | 50,409,292Source | 44,759,580Source | 47,784,062Source | 45,562,304Source | 48,429,061Source | 47,680,184Source | 50,560,538Source | 52,546,406Source | 51,569,148Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 48,498,285Source | 51,632,569Source | 44,884,337Source | 48,248,057Source | 46,351,379Source | 49,445,079Source | 48,469,961Source | 50,560,538Source | 53,721,342Source | 51,569,148Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 570,000Source | 918,000Source | 586,000Source | 566,000Source | 588,000Source | 534,000Source | 2,234,000Source | 3,541,000Source | 3,139,000Source | 2,925,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 46,300,000Source | 48,300,000Source | 42,800,000Source | 36,800,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 16,994,000Source | 56,592,000Source | 40,192,000Source | 16,476,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | 20,551,000Source | 21,647,000Source | 86,215,000Source | 121,665,000Source | 109,487,000Source | 102,369,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 264,000Source | -1,315,000Source | -336,000Source | -2,022,000Source | -166,000Source | -877,000Source | -2,846,000Source | 487,000Source | -36,000Source | 4,635,000Source |
| General and Administrative ExpenseUSD | — | — | 31,044,000Source | 27,519,000Source | 34,449,000Source | 32,856,000Source | 30,261,000Source | 56,679,000Source | 154,610,000Source | 142,723,000Source | 189,938,000Source | 199,908,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | — | — | 167,490,000Source | 157,308,000Source | 178,163,000Source | 168,397,000Source | 166,559,000Source | 155,121,000Source | 663,292,000Source | 639,203,000Source | 603,244,000Source | 552,716,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 87,331,000Source | -365,356,000Source | -22,074,000Source | -91,493,000Source |
| Interest ExpenseUSD | — | — | 16,774,000Source | 14,140,000Source | 17,579,000Source | 18,411,000Source | 16,036,000Source | 16,945,000Source | 67,970,000Source | 55,634,000Source | 39,922,000Source | 35,803,000Source |
| Investment Income, InterestUSD | — | — | 2,371,000Source | 3,118,000Source | 1,927,000Source | 1,968,000Source | 1,679,000Source | 1,655,000Source | 7,892,000Source | 9,846,000Source | 8,821,000Source | 1,746,000Source |
| Operating ExpensesUSD | — | — | 112,917,000Source | 116,161,000Source | 116,147,000Source | 111,063,000Source | 115,114,000Source | 135,416,000Source | 472,538,000Source | 909,709,000Source | 558,539,000Source | 581,201,000Source |
| Research and Development ExpenseUSD | — | — | 37,198,000Source | 37,916,000Source | 34,856,000Source | 33,595,000Source | 36,916,000Source | 33,559,000Source | 138,130,000Source | 160,586,000Source | 153,304,000Source | 156,913,000Source |
| Selling and Marketing ExpenseUSD | — | — | 44,105,000Source | 49,808,000Source | 46,256,000Source | 44,046,000Source | 47,349,000Source | 44,644,000Source | 177,564,000Source | 197,499,000Source | 212,158,000Source | 221,455,000Source |