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Earnings transcript
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BLKB
Blackbaud, Inc.
$48.8
1.71
(3.62%)
| Exchange: | NASDAQ |
| Market Cap: | 2.215B |
| Shares Outstanding: | 42.451M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Michael Gianoni | |||||
| Full Time Employees: | 2800 | |||||
| Address: |
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| Website: | https://www.blackbaud.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,105,432 | 1,154,624 | 1,128,365 |
| Gross Profit | 604,044 | 631,426 | 663,292 |
| EBITDA | 178,718 | -135,163 | 285,968 |
| Operating Income | 44,705 | 133,983 | 190,754 |
| Net Income | 1,820 | -299,524 | 114,970 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,912,279 | 2,495,715 | 2,390,682 |
| Total Liabilities | 2,103,574 | 2,353,722 | 2,305,628 |
| Total Stockholders Equity | 808,705 | 141,993 | 85,054 |
| Total Debt | 819,749 | 1,109,171 | 1,118,907 |
| Cash and Cash Equivalents | 31,251 | 67,628 | 758,975 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 199,634 | 295,968 | 265,550 |
| Capital Expenditure | -4,685 | -7,443 | -7,767 |
| Free Cash Flow | 135,506 | 288,525 | 257,783 |
| Net Income | 1,820 | -283,172 | 114,970 |
| Net Change in Cash | -5,674 | 81,255 | -50,537 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,267,159.346 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,273,101.455 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,271,500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 405,376.352 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 407,277.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 406,764.969 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 180,955.817 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 182,059.963 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 181,507.890 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 401,213.409 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 403,094.825 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 402,587.765 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.750 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.760 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.730 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q2 2025: Blackbaud reported robust results in the second quarter of 2025, surpassing expectations as highlighted in the earnings call transcript. Key financial metrics such as revenue and net income demonstrated significant growth, reflecting operational efficiency and effective market positioning.
- Innovation-Driven Growth: The company emphasized innovation and strategic investments during the Q2 2025 earnings call as key drivers for future growth. This focus on technology and product development enhances Blackbaud’s competitive edge within the software and technology solutions sector.
- Solid Free Cash Flow: Analysis of cash flow statements indicates a healthy free cash flow yield (TTM), suggesting strong liquidity and the ability to fund operations, invest in growth initiatives, and manage debt obligations effectively.
- Market Position in Industry: Blackbaud’s performance metrics (e.g., perf1y, perf5y) show consistent growth compared to industry averages, supported by its established presence in the nonprofit and social impact software market as per the company profile description.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BLKB intrinsic value between $77.45 – $83.97 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about BLKB valuation
Is Blackbaud, Inc. (BLKB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Blackbaud, Inc. (BLKB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BLKB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BLKB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BLKB’s P/E ratio?
You can see BLKB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BLKB?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BLKB a good long-term investment?
Whether BLKB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BLKB
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Daily snapshot
3.62
Trading Metrics:
| Open: | 47.53 | Previous Close: | 47.09 | |
| Day Low: | 47.43 | Day High: | 49.24 | |
| Year Low: | 25.58 | Year High: | 70.71 | |
| Price Avg 50: | 36.47 | Price Avg 200: | 44.37 | |
| Volume: | 185082 | Average Volume: | 747659 |
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Login — it's freeBLKB full analysis
Welcome to MARKETSNAP’s SWOT analysis for Blackbaud, a key player in the software solutions space for nonprofits and social good organizations. If you’re not familiar with Blackbaud, let me give you the quick rundown: they provide cloud-based software tailored for fundraising, financial management, and customer relationship management, primarily serving nonprofits, educational institutions, and other mission-driven entities. Operating in the software and technology sector, specifically within the application software industry, Blackbaud has carved out a niche by focusing on organizations that…
