Blackbaud, Inc. logo

Blackbaud, Inc.

BLKB

NASDAQTechnologySoftware - Application

Regular session

$48.19

+$0.67 · +1.41%

Aug 24, 12:29 PM ET

BLKB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

100

Deep Value

Momentum

27

Weakening

Sentiment

65

Bullish

Risk resilience

34

High Risk

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Company profile

Company website

Established in 1981 and headquartered in Charleston, South Carolina, Blackbaud, Inc. delivers cloud-based software solutions and services to a global clientele. This diverse group includes higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural groups, foundations, corporations, and individual change-makers. Blackbaud's extensive product portfolio is designed to meet a wide array of operational and strategic needs. Key offerings encompass: Fundraising and Relationship Management: Tools to cultivate donor relationships and manage campaigns, featuring prominent platforms like Blackbaud Raiser's Edge NXT and JustGiving. Marketing and Engagement: Solutions such as Blackbaud Luminate Online that facilitate outreach and community involvement. Financial Management: Systems like Blackbaud Financial Edge NXT and Blackbaud Tuition Management for efficient financial operations. Grant and Award Management: Specialized software, including Blackbaud Grantmaking, to administer funding programs. Organizational and Program Management: Comprehensive platforms for student information, learning, and enrollment, alongside specific tools for cultural and religious institutions. Social Responsibility: Applications such as YourCause GrantsConnect that support corporate social impact initiatives. Additionally, Blackbaud provides payment processing services through Blackbaud Merchant Services and leverages its "Intelligence for Good" suite to offer advanced analytics, donor acquisition strategies, prospect research, and performance benchmarking. The company distributes its solutions and related services via a dedicated direct sales force.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Michael Gianoni
Listed since
Jul 26, 2004
Employees
2,800

Market position

Day range

Current $48.19

52-week range

Current $48.19

Open
$47.72
Previous close
$47.52
Volume
89.84K
0.12× average
Average volume
747.66K
Average daily volume
Market cap
2.19B USD
Beta
0.98
Market reference 1
50-day average
$35.2724
+36.62% above average
200-day average
$44.5506
+8.17% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.38B USD
P/E (TTM)
14.83×
P/B (TTM)
32.27×
P/S (TTM)
1.91×
EV / EBITDA
11.82×
Earnings yield
3.81%
Free cash flow yield
8.54%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
59.62%
Operating margin
19.79%
Net margin
13.12%
Return on equity
135.17%
Return on assets
4.81%
Return on invested capital
13.52%

Financial health

Debt / equity
17.16×
Current ratio
0.79×
Altman Z-score
1.19
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%33%-1%-34%Gross margin, FY2021: 52.23%Gross margin, FY2022: 52.24%Gross margin, FY2023: 54.64%Gross margin, FY2024: 54.69%Gross margin, FY2025: 58.78%Operating margin, FY2021: 2.68%Operating margin, FY2022: -2.69%Operating margin, FY2023: 4.04%Operating margin, FY2024: 11.60%Operating margin, FY2025: 16.91%Net margin, FY2021: 0.61%Net margin, FY2022: -4.29%Net margin, FY2023: 0.16%Net margin, FY2024: -25.94%Net margin, FY2025: 10.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.23%. Gross margin FY2022 52.24%. Gross margin FY2023 54.64%. Gross margin FY2024 54.69%. Gross margin FY2025 58.78%. Operating margin FY2021 2.68%. Operating margin FY2022 -2.69%. Operating margin FY2023 4.04%. Operating margin FY2024 11.60%. Operating margin FY2025 16.91%. Net margin FY2021 0.61%. Net margin FY2022 -4.29%. Net margin FY2023 0.16%. Net margin FY2024 -25.94%. Net margin FY2025 10.19%.

Income trends

Revenue

1.13B USD-2.27%

Operating income

190.75M USD+42.37%

Net income

114.97M USD+414.49M USD
Income trends across reported periods1.3B USD718.38M USD136.72M USD−444.94M USDRevenue, FY2021: 927.74M USDRevenue, FY2022: 1.06B USDRevenue, FY2023: 1.11B USDRevenue, FY2024: 1.15B USDRevenue, FY2025: 1.13B USDOperating income, FY2021: 24.91M USDOperating income, FY2022: −28.49M USDOperating income, FY2023: 44.71M USDOperating income, FY2024: 133.98M USDOperating income, FY2025: 190.75M USDNet income, FY2021: 5.7M USDNet income, FY2022: −45.41M USDNet income, FY2023: 1.82M USDNet income, FY2024: −299.52M USDNet income, FY2025: 114.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 927.74M USD. Revenue FY2022 1.06B USD. Revenue FY2023 1.11B USD. Revenue FY2024 1.15B USD. Revenue FY2025 1.13B USD. Operating income FY2021 24.91M USD. Operating income FY2022 −28.49M USD. Operating income FY2023 44.71M USD. Operating income FY2024 133.98M USD. Operating income FY2025 190.75M USD. Net income FY2021 5.7M USD. Net income FY2022 −45.41M USD. Net income FY2023 1.82M USD. Net income FY2024 −299.52M USD. Net income FY2025 114.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.13B USD1.15B USD1.11B USD1.06B USD927.74M USD
Cost of goods sold465.07M USD523.2M USD501.39M USD505.39M USD443.2M USD
Gross profit663.29M USD631.43M USD604.04M USD552.72M USD484.55M USD
Research and development138.13M USD153.68M USD153.3M USD159.21M USD124.57M USD
Selling, general, and administrative332.17M USD340.22M USD335.57M USD359.44M USD325.46M USD
Operating expenses472.54M USD497.44M USD559.34M USD581.2M USD459.64M USD
Interest income7.89M USD9.85M USD8.82M USD1.75M USD392K USD
Interest expense67.97M USD55.63M USD39.92M USD35.8M USD18M USD
Depreciation and amortization86.22M USD121.67M USD66.69M USD65.57M USD51.41M USD
Operating income190.75M USD133.98M USD44.71M USD−28.49M USD24.91M USD
Net income114.97M USD−299.52M USD1.82M USD−45.41M USD5.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+5.37%
11 comparable reports
Latest EPS result
1.33
Estimate 1.23 · Beat by 8.13%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.381.21.030.85Q1 '25MetQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 1.08, estimate 1.08, surprise 0.00%, Met estimate. Q2 2025, reported Apr 30, 2025: actual 0.96, estimate 0.9, surprise +6.67%, Beat. Q3 2025, reported Jul 30, 2025: actual 1.21, estimate 1.05, surprise +15.24%, Beat. Q4 2025, reported Oct 29, 2025: actual 1.1, estimate 1.07, surprise +2.80%, Beat. Q1 2026, reported Feb 10, 2026: actual 1.19, estimate 1.15, surprise +3.48%, Beat. Q2 2026, reported Apr 29, 2026: actual 1.14, estimate 1.08, surprise +5.56%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.33, estimate 1.23, surprise +8.13%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.32, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates314.32M295.74M277.15M258.57MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 302.23M USD, estimate 276.8M USD, surprise +9.19%, Beat. Q2 2025, reported Apr 30, 2025: actual 270.66M USD, estimate 276.08M USD, surprise -1.96%, Miss. Q3 2025, reported Jul 30, 2025: actual 281.38M USD, estimate 276.46M USD, surprise +1.78%, Beat. Q4 2025, reported Oct 29, 2025: actual 281.14M USD, estimate 292.71M USD, surprise -3.95%, Miss. Q1 2026, reported Feb 10, 2026: actual 295.26M USD, estimate 292.16M USD, surprise +1.06%, Beat. Q2 2026, reported Apr 29, 2026: actual 281.14M USD, estimate 279.81M USD, surprise +0.48%, Beat. Q3 2026, reported Jul 29, 2026: actual 290.6M USD, estimate 292.23M USD, surprise -0.56%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 293.93M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$46.33

3.86% downside
Past 12 months12-month forecastHigh $55.00Average $46.33Low $30.00

Rating distribution

24 ratings
Strong buy00%
Buy625%
Hold1563%
Sell313%
Strong sell00%

Recent analyst actions

4 institutions
Raymond JamesmaintainOutperform

BLKB peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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