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 Accelerating; Operating Discipline Contributes to Another Quarter of Margin Expansion; Rule of 40 Target Achieved Earlier than Expected CHARLESTON, S.C. , Oct. 31, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its third quarter ended September 30, 2023.

Blackbaud Announces 2023 Third Quarter Results

Blackbaud's Innovative Software Solution Helps Enterprise-Scale Nonprofits and Higher Education Institutions Raise More Funds and Save Time CHARLESTON, S.C. , Oct. 30, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today shared ways that this robust fundraising product, Blackbaud CRM™, is helping large nonprofits and higher education institutions address complex fundraising challenges.

Social Impact Organizations Around the World Leverage Blackbaud CRM™ to Effectively Manage Fundraising Operations

12 Startups Pitched Their Solutions for Social Impact to Blackbaud Leaders and Customers This Week at bbcon, Blackbaud's Annual Technology Conference; Applications for January 2024 Cohort are Now Open CHARLESTON, S.C. , Oct. 26, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that FundMiner, Trellis, and Hatch have been named the winners of Blackbaud's annual Social Good Startup Showcase.

Blackbaud Announces Winners of 2023 Social Good Startup Showcase

Product innovation highlights include more seamless integration, built-in artificial intelligence and enhanced flexibility CHARLESTON, S.C. , Oct. 23, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, kicked off its annual technology conference, bbcon, announcing the latest innovations for its purpose-built, essential software that's used worldwide to power fundraising, nonprofit financial management, company volunteering and giving, and education.

Blackbaud Announces Major Wave of Innovation in Essential Social Impact Technology at bbcon 2023

CHARLESTON, S.C. , Oct. 17, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its third quarter 2023 financial results on Tuesday, October 31, after the U.S. financial markets close for trading.

Blackbaud Announces Date of Third Quarter 2023 Financial Results

Blackbaud (BLKB) improves Good Move to serve as a robust mobile hub for Blackbaud TeamRaise.

Blackbaud (BLKB) Enhances Good Move to Boost Fundraising

New Capabilities Offer Customers and Individual Participants a Streamlined Experience and More Self-Service Functionality CHARLESTON, S.C. , Oct. 11, 2023 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, is doubling down on its investment in the peer-to-peer (P2P) fundraising space - one of the most significant and rapidly growing sectors for fundraising today - with the next evolution of Good Move™, its activity-tracking mobile app.

Blackbaud Expands Peer-To-Peer Solutions with New Mobile Capabilities

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating certain directors and officers of Blackbaud, Inc. (“Blackbaud”) (NASDAQ: BLKB) for breaching their fiduciary duties to Blackbaud and its shareholders. If you are a Blackbaud shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982, or jpettigrew@scott-scott.com. Scott+Scott is investigating.

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Blackbaud, Inc.'s Directors and Officers for Breach of Fiduciary Duties – BLKB

Blackbaud (BLKB) noted that the settlement will not have any effect on its guidance for 2023.

Blackbaud (BLKB) Reaches Settlement With States, to Pay $49.5M

Blackbaud's (BLKB) performance benefits from momentum in transactional revenues and rising volumes across its payment solutions.

Blackbaud (BLKB) Gains 33.4% YTD: Will the Trend Continue?

Blackbaud Continues to Strengthen Cybersecurity Program CHARLESTON, S.C. , Oct. 5, 2023 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced it has reached a settlement with 49 state Attorneys General and the District of Columbia related to the previously disclosed multi-state investigation of its 2020 security incident.

Blackbaud Resolves Multi-State Attorneys General Investigation of 2020 Security Incident

Blackbaud Customers are Leveraging AI, Engaging Mobile Apps and Robust Data Intelligence to Gain Efficiencies and Achieve Outcomes CHARLESTON, S.C. , Oct. 4, 2023 /PRNewswire/ --  Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, is helping social impact organizations achieve their missions and reach their outcomes in new and innovative ways.

Nonprofits Accelerate Their Impact with Blackbaud Technology

Blackbaud's (BLKB) Impact Edge solution will be integrating YourCause and EVERFI solutions within a single tool.

Blackbaud (BLKB) Working on AI-Enabled Impact Edge Solution

Digital data science curriculum expands with new national $50,000 awards program DES MOINES, Iowa , Oct. 3, 2023 /PRNewswire/ -- Principal® Foundation, a 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 that the youth-focused data science program, DataSetGo , has reached more than 17,500 high school students in over 380 schools across the United States since its inception in 2022. Now the organizations are expanding the interactive digital curriculum by launching DataSetGo Distinguished Scholars.

Principal® Foundation and EVERFI Reach More Than 17,500 Students Through Data Science Program, DataSetGo

Blackbaud Impact Edge™ Will Allow Corporate Social Impact Professionals to Use Quantitative and Qualitative Data to Rapidly Articulate Their Impact to Their Organization's Most Important Stakeholders CHARLESTON, S.C. , Oct. 3, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the development of Impact Edge™, a new AI-powered, social impact reporting and storytelling solution for corporate social responsibility (CSR) and social impact teams of all sizes.

Blackbaud Announces Impact Edge, the First AI-Powered Social Impact Reporting and Storytelling Solution for Companies

CHARLESTON, S.C. , Oct. 2, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact ("Blackbaud" or the "Company"), today announced that its Board of Directors (the "Board") has unanimously approved an amendment to the company's existing stockholder rights plan (the "Rights Plan"), pursuant to which the expiration date has been extended from October 2, 2023 to October 2, 2024.

Blackbaud Extends Existing Stockholder Rights Plan

Blackbaud's financial position has improved, and it has the capacity to engage in accretive share repurchases and M&A deals in the near future. Blackbaud's 2H 2023 financial performance is expected to be better as compared to its results for Q2 2023, when the new rates for contracts renewed come into effect over time. I raise my rating for BLKB stock to a Buy, as its shares haven't fully priced in the upside relating to contract renewal and capital allocation.

Blackbaud: Upside From Capital Allocation And Contract Renewal (Rating Upgrade)

In a Keynote Conversation, the Award-Winning Actress, Activist and Author Will Share Perspectives on Belonging, Expectations and Going After Big Goals CHARLESTON, S.C. , Sept. 7, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that America Ferrera will join the mainstage for a keynote conversation at bbcon 2023, Blackbaud's annual tech conference.

America Ferrera Will Join the Mainstage at Blackbaud's bbcon 2023 Tech Conference

CHARLESTON, S.C. and WASHINGTON , Aug. 31, 2023 /PRNewswire/ -- Truth Initiative, the organization behind truth ®, the nationally recognized, proven-effective youth tobacco and opioid prevention public education campaigns, and EVERFI® from Blackbaud® , the leader in powering social impact through education, have joined forces once again to address prescription drug safety, with two new lessons, including one that specifically addresses the growing fentanyl overdose crisis among young people.

Truth Initiative and EVERFI Collaborate to Launch Updated Prescription Drug Safety Curriculum for Middle and High School Students Amid Growing Youth Overdose Crisis

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

Why Is Blackbaud (BLKB) Up 1% Since Last Earnings Report?

CHARLESTON, S.C. , Aug. 30, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, is sharing how its customers are creating incredible impact by raising funds and providing disaster relief for the people of Hawaii in the wake of catastrophic wildfires, including the Lahaina fire on Maui, the deadliest U.S. wildfire in the last century.

Blackbaud Customers Raise Millions of Dollars for Victims of the Hawaii Wildfires

JustGiving's generative AI technology will help people create compelling fundraising pages in a matter of seconds to raise more money for the causes they care about CHARLESTON, S.C. , Aug. 28, 2023 /PRNewswire/ -- Blackbaud  (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced a groundbreaking AI development for JustGiving®, the world's most trusted platform for online giving.

JustGiving to Revolutionize Fundraising with the Integration of Generative AI

A 20-Year Blackbaud Veteran, Lant Will Lead the Global Customer Success Team to Drive Customer Value and Outcomes CHARLESTON, S.C. , Aug. 14, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today appointed Todd Lant chief customer officer.

Blackbaud Names Todd Lant Chief Customer Officer

Blackbaud's (BLKB) second-quarter 2023 revenues benefit from increased recurring revenues.

Blackbaud (BLKB) Q2 Earnings Top Estimates, Revenues Up Y/Y

Blackbaud (BLKB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.75 per share a year ago.

News for Blackbaud Stock (BLKB)