Blackbaud

Blackbaud, Inc. engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analytics. The company was founded by Anthony E. Bakker in 1981 and is headquartered in Charleston, SC.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Blackbaud surpasses $1 billion revenue, targets 30% EBITDA margin

Blackbaud's Q4 2022 Earnings Call showcased strong financial performance, cost management, and governance improvements. The company aims for further margin expansion, workforce reductions, and revenue growth in 2023. Opportunities in pricing initiatives, data center optimization, and vertical growth are key focus areas.

Blackbaud reports strong Q1 results and raises 2023 guidance

Blackbaud's Q1 performance reflects revenue growth, strong bookings, and transactional revenue expansion, driven by strategic initiatives.
The company's focus on product innovation, cost management, and pricing strategies is enhancing operational efficiency and financial performance.
Despite challenges related to cybersecurity and contract renegotiations, Blackbaud is well-positioned for high single-digit growth and improved Rule of 40 performance.

Blackbaud reports Q2 revenue growth and aims for accelerated metrics

Blackbaud's Q2 performance reflects solid revenue growth, margin expansion, and successful execution of the 5-point plan, positioning the company for high single-digit organic revenue growth by Q4.
Despite challenges in pricing and competition, Blackbaud's core strengths in customer retention, revenue visibility, and product innovation offer opportunities for sustained growth and value creation.
With a focus on achieving Rule of 40 metrics ahead of schedule, Blackbaud aims to drive sustainable growth through continued revenue optimization and margin expansion strategies.

Blackbaud exceeds expectations in Q3, eyes significant growth ahead

Blackbaud's Q3 performance was robust, showcasing growth and innovation. Despite challenges in donation size and a slow start to the year, the company remains optimistic about future prospects. By prioritizing organic growth and strategic acquisitions, Blackbaud aims to drive value for shareholders and capitalize on emerging opportunities.

Blackbaud reports robust Q4 earnings, eyes growth amid investment challenges

Blackbaud's Q4 2023 showcased strong financial performance and exceeded full-year guidance, with a focus on revenue growth and cost management initiatives.
The company's strategic investments in AI, cybersecurity, and product innovation present challenges and opportunities for driving profitable growth in 2024.
Commitment to shareholder value through stock repurchases and prudent investments underscores Blackbaud's financial strength and strategic focus.
Excitement for continued momentum in 2024 indicates a positive outlook for sustained growth and profitability through innovation and financial discipline.

Blackbaud reports strong Q1 earnings, focuses on innovation and growth

Blackbaud showcased strong financial performance, product innovations, and a commitment to maximizing shareholder value.
Challenges such as divestitures and managing costs were addressed, with a focus on seizing growth opportunities.
The company's optimism about progress, focus on innovation, and commitment to delivering value were key takeaways.

Blackbaud revises 2024 guidance, emphasizes innovation and growth strategies

Blackbaud's Q3 performance showcased resilience amidst challenges, with a focus on innovation and customer success.
The company's strategic initiatives and strong financial position position it well for future growth.
Despite challenges from EVERFI, Blackbaud remains committed to enhancing value for stakeholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Revenue Growth More than Doubles Year over Year with Significantly Improved Profitability; Blackbaud Board of Directors Approve Expanded $800 Million Stock Repurchase Authorization CHARLESTON, S.C. , July 30, 2024  /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its second quarter ended June 30, 2024.

Blackbaud Announces 2024 Second Quarter Results

New Enhancements Further Strengthen Performance, Scalability, Stability, and Reporting Power for Blackbaud Impact Edge Customers CHARLESTON, S.C. , July 29, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), one of the leading providers of software for powering social impact, today announced the integration of multiple Microsoft products – including Microsoft Azure OpenAI Service and Microsoft Power BI – into Blackbaud Impact Edge™, the company's new data and storytelling solution that's currently under development.

Blackbaud Strengthens Impact Edge AI and Reporting Capabilities through Integrations with Microsoft Azure AI Service and Microsoft Power BI

The Past Year Saw a Significant Increase in In-Person Volunteering, Upward Trend in Giving to International Organizations CHARLESTON, S.C. , July 24, 2024 /PRNewswire/ -- The Blackbaud Institute, a research lab at Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released a new spotlight brief sharing insights from the company's annual Corporate Social Responsibility (CSR) Industry Review, which analyzes CSR program data and employees' philanthropic engagement.

New Report on CSR Industry Trends Shows Shifts in Corporate Social Impact Practices

From AI-Powered Fundraising and Content Tools to Digital Assistant Chatbots, Startups in the July 2024 Cohort are Delivering Innovative Solutions for Nonprofits, Donors, Schools, Companies and Their Communities CHARLESTON, S.C. , July 23, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the newest cohort of participants in its Social Good Startup Program.

Six New Startups Join Blackbaud's Tech Accelerator to Bring Innovative Technology to the Social Impact Sector

The addition of unique features to Blackbaud's (BLKB) Grantmaking software empowers both nonprofits and grantmakers to make the funding process more accessible and collaborative than ever before.

Blackbaud (BLKB) Boosts Grant Management With AI-Driven Tools

CHARLESTON, S.C. , July 18, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced its board of directors has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $500 million to $800 million available for repurchases of the company's common stock.

Blackbaud Announces Reauthorized, Expanded and Replenished $800 Million Stock Repurchase Program

Blackbaud is Helping Grantmakers and Applicants Save Time with a New Applicant Portal and an Updated, AI-Powered Form Builder CHARLESTON, S.C. , July 18, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced exciting new capabilities within Blackbaud Grantmaking™, including a new applicant-centric portal and an AI-powered form builder, to make it easier than ever for nonprofits to apply for grants and for grantmakers to select nonprofits to fund.

New Features in Blackbaud Grantmaking Streamline Grant Applications for Both Funders and Applicants

CHARLESTON, S.C., July 16, 2024 /PRNewswire/ --  Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its second quarter 2024 financial results on Tuesday, July 30, after the U.S. financial markets close for trading.

Blackbaud Announces Date of Second Quarter Financial Results

Experienced Technology Executive Brings Proven Growth and Operational Experience CHARLESTON, S.C. , July 15, 2024  /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Dale Strange will take over as head of Blackbaud's Corporate Impact business effective immediately and will join the company's executive leadership team, reporting to CEO Mike Gianoni.

Seasoned Executive Dale Strange Takes Reins of Blackbaud's Corporate Impact Business

Ranking Based on Employee Satisfaction, Revenue Growth and Sustainability Transparency CHARLESTON, S.C. , July 15, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been awarded on TIME's inaugural list of America's Best Mid-Sized Companies.

Blackbaud Named One of America's Best Mid-Size Companies 2024 by TIME

Ralph Will Share Career Insights, Inspiration and Empowering Advice on Building Confidence   CHARLESTON, S.C. , July 10, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Sheryl Lee Ralph will join the mainstage for a keynote conversation at bbcon 2024, Blackbaud's annual tech conference, taking place September 24-26 in Seattle, Washington.

Emmy Award-Winning Actress, Producer and Advocate Sheryl Lee Ralph to Join the Mainstage at Blackbaud's bbcon 2024 Tech Conference

Blackbaud recently rejected an $80/share offer for the company by one of its shareholders. The company sits just under that offer value now, and believes it's worth substantially more. Blackbaud's improved revenue performance and contract renewal initiatives make it a strong investment opportunity with potential for growth.

Blackbaud: With Offer On The Table, This Company Is Convinced It's Worth More

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Blackbaud (BLKB) is a Strong Growth Stock

Blackbaud's Annual Developers' Conference Will Help Social Impact Organizations Explore Ways to Automate and Extend Their Blackbaud Solutions with New Tech Innovation CHARLESTON, S.C. , June 4, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, kicked off bbdevdays, its annual developers' conference, this week showcasing technology innovation as well as customer and partner achievements.

Blackbaud Enables Pro-Code and Low-Code Social Impact Tech Developers at bbdevdays

DataSetGo, a first-of-its-kind digital curriculum, is opening doors to data science careers at more than 400 schools, with $50,000 in recent awards to those who show promise in the field DES MOINES, Iowa , June 4, 2024 /PRNewswire/ -- Principal® Foundation, a global nonprofit organization committed to helping people and communities build financially secure futures, and EVERFI® from Blackbaud®, the leader in powering social impact through education, announce the second and biggest year of DataSet Go , a first-of-its-kind interactive digital curriculum that teaches high school students the fundamentals of data science and its value in daily life, the workforce, and the world. Since its inception in 2022, DataSetGo has reached over 26,000 high school students in over 400 schools throughout the U.S. In the 2023-2024 academic year, the program reached over 17,000 new students and 200 additional schools across ten states, including New York, Texas, and California.

Principal Foundation and EVERFI from Blackbaud Reach 26,000 U.S. Students with Growing National Data Science Program

CHARLESTON, S.C., June 3, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that Chief Accounting Officer Chad Anderson and Chief Product Officer Sudip Datta have been appointed to the company's executive leadership team.

Blackbaud Appoints Chad Anderson, Chief Accounting Officer, and Sudip Datta, Chief Product Officer, to Executive Leadership Team

Ranking Recognizes U.S. Companies Cutting Their Emissions to Fight Climate Change CHARLESTON, S.C. , May 31, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has been named to the USA Today list of America's Climate Leaders 2024, ranking fourth out of 450 companies based on its emissions reduction.

Blackbaud Ranks Fourth on the USA Today America's Climate Leaders 2024 List

Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock?

Blackbaud (BLKB) Up 1.9% Since Last Earnings Report: Can It Continue?

With Six Award Categories, Organizations Across Every Sector Can Apply to Receive Recognition for Their Use of Technology to Drive Impact CHARLESTON, S.C. , May 29, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today opened nominations for the Blackbaud Impact Awards, which will celebrate organizations and people achieving incredible results with Blackbaud software.

Blackbaud Impact Awards Will Celebrate and Recognize the Extraordinary Accomplishments of Social Impact Organizations

Why Blackbaud (BLKB) is a Top Growth Stock for the Long-Term

CHARLESTON, S.C. , May 22, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is pleased to announce that Tom Barth has been appointed head of Investor Relations (IR).

Blackbaud Appoints Tom Barth Head of Investor Relations

Highlights Include Maintaining 100% Carbon Neutrality, Cultivating a Highly Engaged Workforce and Enhancing Security CHARLESTON, S.C. , May 14, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released its 2023 Impact Report, sharing how the company has advanced its environmental, social and governance priorities in the past year.

Blackbaud's 2023 Impact Report Shows How the Company is Fueling Change

Partnership Will Enable K-12 Private Schools to Create Digital-First Experiences to Modernize the Admissions Process CHARLESTON, S.C. , May 8, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced a strategic investment in UBIQ Education, innovators in school websites through the introduction of AMAIS, the first digital experience ecosystem (DXE) for schools.

Blackbaud Makes a Strategic Investment in UBIQ Education

Recognition validates that the course has a positive impact on students' knowledge of safe prescription drug use and potential future actions CHARLESTON, S.C. , May 7, 2024 /PRNewswire/ -- EVERFI® from Blackbaud®, the leader in powering social impact through education, today announced that its program, Prescription Drug Safety: Know the truth, has been certified as meeting the evidence-based standards outlined in the Every Student Succeeds Act (ESSA), aligning with Level III certification for "Promising Evidence.

EVERFI from Blackbaud's Prescription Drug Safety Course Certified as Meeting Rigorous ESSA Evidence Standards

Blackbaud Institute "Gen Z at the Table" Report Shows 84% of Gen Zers Support Nonprofit Organizations, Charities, or Causes in Some Way and Offers a Roadmap for Increased Engagement CHARLESTON, S.C. , May 7, 2024 /PRNewswire/ -- The Blackbaud Institute, a research lab at Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released a new report, Gen Z at the Table: A Special Edition of the Next Generation of Giving.

News for Blackbaud Stock (BLKB)