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Blackbaud, Inc.

Blackbaud, Inc.

NASDAQ•BLKB
CEO: Mr. Michael P. Gianoni
Sector: Technology
Industry: Software - Application
Listing Date: 2004-07-26
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; education solutions, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect, and EVERFI; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as Data Health, Insights, and Performance solutions and services. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.
Contact Information
65 Fairchild Street, Charleston, SC, 29492, United States
843-216-6200
www.blackbaud.com
Market Cap
$2.69B
P/E (TTM)
-10.5
70.7
Dividend Yield
--
52W High
$81.39
52W Low
$54.56
52W Range
3%
Rank42Top 47.5%
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$281.14M-1.95%
4-Quarter Trend

EPS

$1.00+143.90%
4-Quarter Trend

FCF

$135.72M+53.62%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Income Jumps Net income reached $47.5M for the quarter, significantly up from $18.3M reported in the prior year period.
Gross Margin Significantly Expands Gross margin increased 470 basis points to 59.6% this quarter, driven by cost of revenue decreasing faster than revenue.
Operations Income Rises Income from operations grew to $54.6M this quarter, a 32.6% increase compared to $41.1M in the prior year.
Deferred Revenue Shows Strength Total deferred revenue grew to $384.9M as of September 30, 2025, marking a 6.8% increase from year-end 2024.

Risk Factors

Cash Position Decreased Cash and cash equivalents balance fell 43.4% to $38.3M compared to December 31, 2024, due to financing activities.
Operating Cash Flow Down Net cash provided by operating activities decreased 6.7% YTD to $207.5M versus $222.4M in the prior nine months.
Security Incident Expenses Nine months ended incurred $2.8M pre-tax expenses for ongoing legal fees related to the 2020 Security Incident.
Interest Expense Rising Interest expense increased due to incremental borrowings for stock repurchases and expiration of favorable interest rate swaps.

Outlook

Share Repurchase Plans Expect total repurchases in 2025 to represent between 5.2% and 7.0% of outstanding common stock from year-end 2024.
Tax Law Impact Expected OBBBA legislation is expected to meaningfully reduce cash taxes for the Company through 2027 based on preliminary review.
Management Focus Areas Management focuses on acquiring new logos, driving innovation via AI, and strengthening profitability through operational efficiencies.
Debt Maturity Profile Total debt principal payments due within one year are $22.6M, with the majority ($1.04B) due after one year.

Peer Comparison

Revenue (TTM)

Blackbaud, Inc.BLKB
$1.14B
-1.1%
Clear Secure, Inc.YOU
$866.30M
+17.8%
Freshworks Inc.FRSH
$810.64M
+18.2%

Gross Margin (Latest Quarter)

Asana, Inc.ASAN
88.9%
-0.3pp
Freshworks Inc.FRSH
84.7%
+0.7pp
BlackLine, Inc.BL
75.1%
-0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
YOU$3.34B18.4124.2%0.0%
FRSH$3.29B-107.1-2.9%2.3%
BL$3.27B42.918.9%54.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.4%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:$1.15
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $281.14M-1.9%
    |
    EPS: $1.00+143.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 30, 2025|
    Revenue: $281.38M-2.1%
    |
    EPS: $0.54+25.6%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: May 27, 2025|
    Revenue: $1.16B+4.5%
    |
    EPS: $-5.60-16285.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $270.66M-3.1%
    |
    EPS: $0.10+0.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $286.73M+3.3%
    |
    EPS: $0.41+141.2%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $287.29M+6.0%
    |
    EPS: $0.43+975.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $279.25M+6.7%
    |
    EPS: $0.10-135.7%
    Miss