Blackbaud Earnings Reports

Blackbaud reported strong second quarter 2025 results, with GAAP total revenue of $281.4 million and non-GAAP organic revenue growth of 6.8%. The company significantly exceeded the Rule of 40, achieving its highest quarterly performance in this metric, and raised its full-year 2025 financial guidance across all key metrics.

Blackbaud reported strong first quarter 2025 results with non-GAAP organic revenue growth of 5.8%. The company also made substantial progress towards improved profitability, with increases in both GAAP and non-GAAP operating margins, and reiterated its full-year 2025 financial guidance.

Blackbaud's Q4 2024 revenue grew 2.4% year-over-year, with recurring revenue making up 98% of total revenue. However, net income declined due to the impact of the EVERFI divestment and impairment charges. The company maintained a strong operating margin, but profitability was slightly lower compared to last year.

Blackbaud reported a 3.3% increase in GAAP total revenue, reaching $286.7 million, and a 4.3% increase in non-GAAP organic revenue. The company is focused on its operating plan, aiming for balanced revenue growth and improved profitability, and plans to allocate its strong cash flow to benefit stockholders.

Blackbaud announced its Q2 2024 financial results, reporting a 6.0% increase in GAAP total revenue and a 6.7% increase in non-GAAP organic revenue. The company's profitability also improved significantly, with GAAP operating margin increasing by 1,460 basis points and non-GAAP adjusted EBITDA margin increasing by 290 basis points. Blackbaud's board of directors approved an expanded $800 million stock repurchase authorization.

Blackbaud's first quarter results for 2024 showed a 6.7% increase in GAAP total revenue to $279.3 million, with recurring revenue up 7.4%. The company made substantial progress in profitability, with GAAP operating margin increasing by 760 basis points and non-GAAP operating margin increasing by 430 basis points. Blackbaud also repurchased approximately 5.5% of its outstanding common stock during the quarter.

Blackbaud's Q4 2023 results demonstrated significant progress with revenue up 7.4% to $295.0 million and adjusted EBITDA margin at 33.6%, achieving a Rule of 40 of 41.0%. The company met its full-year revenue guidance and exceeded expectations for adjusted EBITDA margin, non-GAAP EPS, and adjusted free cash flow.

Blackbaud reported strong Q3 2023 results, with revenue growth accelerating and margin expansion exceeding expectations. The company achieved the Rule of 40 target a quarter earlier than anticipated and is well-positioned for future growth and value creation.

Blackbaud reported a solid second quarter with progress on its five-point operating plan. The company saw revenue growth, driven by recurring revenue, and significant improvement in adjusted EBITDA. Blackbaud also reiterated its full year financial guidance.

Blackbaud reported a strong start to 2023 with solid execution across teams and deep relationships with customers, leading to raised guidance across the board. Total revenue reached $261.8 million, representing organic growth of 2.3%. The company is accelerating its plan to achieve a Rule of 40 performance above 40% by the fourth quarter of 2023.

Blackbaud's Q4 2022 showed a revenue increase of 10.8% to $274.8 million, with recurring revenue up 11.1% to $265.2 million. The company experienced a GAAP net loss of $21.3 million, or $0.41 per share, but a non-GAAP net income of $36.0 million, or $0.68 per share. The company's full year revenue exceeded $1 billion with 14% growth.

Blackbaud announced strong Q3 2022 results, with GAAP total revenue up 13.0% and GAAP recurring revenue up 14.1%. The company anticipates meeting or exceeding its 2022 financial guidance and expects to carry that momentum into 2023.

Blackbaud reported strong Q2 2022 results, with double-digit total revenue growth and mid single-digit organic recurring revenue growth. The company is monitoring the macro environment and balancing operating discipline with strategic investments.

Blackbaud announced its Q1 2022 financial results, showing a 17.3% increase in total revenue year-over-year. The company reiterated its full-year 2022 financial guidance and outlook, expressing confidence in achieving its goals.

Blackbaud's Q4 2021 saw a 2.2% increase in GAAP total revenue, reaching $247.9 million, with recurring revenue up by 4.0%. The company's non-GAAP EPS was $0.75, and free cash flow was $29.7 million, demonstrating strong financial health and strategic execution.

Blackbaud announced strong Q3 2021 results, exceeding expectations with significant recurring revenue growth and improved free cash flow. The company is raising its financial outlook for full-year 2021 revenue, profitability, and free cash flow, expecting further acceleration in recurring revenue growth into 2022.

Blackbaud reported a slight decrease in total GAAP revenue, but saw growth in contractual recurring revenue. The company is making investments in the business, and expects to exceed $100 million in free cash flow for the year, with models suggesting $120-$130 million.

Blackbaud announced strong first quarter results with increased cash flow from operations. The company is optimistic about the year ahead and is accelerating investments in key areas like digital marketing, engineering, security and customer success.

Blackbaud's Q4 2020 results demonstrated the company's ability to scale operationally, balancing revenue growth with significantly improved profitability. The company's recurring revenue increased by 4.4% year-over-year.

Blackbaud announced its Q3 2020 financial results, reporting a total GAAP revenue of $215.0 million, a decrease of 2.8%. The company's GAAP diluted earnings per share increased by $0.01 to $0.10, and non-GAAP diluted earnings per share increased by $0.17 to $0.73.

Blackbaud reported a 2.8% increase in total GAAP revenue, with recurring revenue making up 93.2% of the total. The company's GAAP diluted earnings per share increased by $0.09, and non-GAAP free cash flow rose by $10.2 million.

Blackbaud reported a 3.6% increase in total GAAP revenue to $223.6 million, with GAAP recurring revenue up 3.4%. GAAP net income was $4.6 million, with diluted earnings per share of $0.10. The company took actions to bolster financial strength amid COVID-19 uncertainty, while maintaining focus on customer success and employee well-being.

Blackbaud reported a 7.5% increase in total GAAP revenue, reaching $237.8 million. GAAP recurring revenue grew by 9.9%, representing 92.4% of total GAAP revenue. The company achieved its full year financial guidance and exceeded the mid-point of its ranges for revenue and earnings per share.