Blackbaud, Inc.
64.15-0.31 (-0.48%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · BLKB · USD
Key Stats
Market Cap
3.11BP/E (TTM)
-Basic EPS (TTM)
-5.49Dividend Yield
0%Recent Filings
8-K
Director resigns, board shrinks
8-K
Blackbaud raises 2025 guidance
Blackbaud reported Q2 2025 results with GAAP revenue of $281.4 million, down 2.1% from divestitures, yet non-GAAP organic revenue rose 6.8% to underscore core strength. Operating margins expanded sharply to 20.1% GAAP and 33.5% non-GAAP, driving a record Rule of 40 score of 45.3. The company raised full-year guidance, targeting $1.120-$1.130 billion in revenue and $4.30-$4.50 non-GAAP EPS. Blackbaud's momentum builds steadily.
10-Q
Q2 FY2025 results
Blackbaud's Q2 revenue dipped 2.1% y/y to $281.4M, yet operating income surged 34.7% to $56.7M on cost cuts from the EVERFI divestiture, lifting gross margin to 59.6% from 56.6%. Diluted EPS climbed to $0.54, up 28.6% y/y, reconciling neatly with 48.2M shares. Transactional recurring revenue grew 8.7% y/y to $95.4M, fueled by payment volumes, while contractual recurring fell 6.9% post-EVERFI sale. Cash from operations hit $68.3M YTD, yielding $39.2M free cash flow (derived); debt stood at $1.16B with $374.3M revolver availability and net leverage at 2.70x, in covenant compliance. The DC lease termination cost $24.3M in G&A. Emerging AI regulations pose risks to innovation efforts.
8-K
Blackbaud annual meeting results
Blackbaud's stockholders, at the June 11, 2025 annual meeting, elected Michael P. Gianoni, D. Roger Nanney, and Bradley L. Pyburn to its board for three-year terms ending in 2028, with each receiving over 33 million for votes amid 1.4 million broker non-votes. They approved executive compensation on an advisory basis, amended the 2016 equity incentive plan, and ratified Ernst & Young as auditors for 2025. Strong support signals continuity. Yet broker non-votes highlight some detachment.
8-K
Blackbaud appoints new CFO
Blackbaud announced on April 30, 2025, that CFO Anthony W. Boor transitions to Executive Vice President of Corporate Development and Strategy, while Chad M. Anderson, the company's 12-year finance veteran, steps in as the new CFO and Principal Accounting Officer. Anderson's $425,000 salary and 75% incentive target underscore the board's confidence in his track record modernizing financial operations. Boor stays on the leadership team to drive strategies toward Rule of 45 status by 2030. Smooth handover minimizes disruption.
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