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Core Insights - Blackbaud, Inc. (BLKB) reported Q4 2025 non-GAAP EPS of $1.19, exceeding Zacks Consensus Estimate by 3.5%, with an 11.2% year-over-year increase [1] - Total revenues for 2025 were $1.13 billion, down 2.3% year-over-year, primarily due to the divestiture of EVERFI [2][4] - The company achieved the Rule of 40 milestone two years ahead of schedule, indicating strong execution of its strategic priorities [3] Financial Performance - Non-GAAP organic revenues increased by 4.3% on a reported basis and 4% on a constant-currency basis year-over-year [5] - Non-GAAP gross margin improved to 61.6% from 59.4% a year ago, while total operating expenses decreased significantly to $113.1 million from $529.8 million [6] - GAAP operating margin rose to 20% from a negative 121.6%, and non-GAAP operating margin increased by 270 basis points to 30% [6] Shareholder Returns and Cash Flow - The company repurchased approximately 8% of its outstanding common stock in 2025 and plans to continue share buybacks of 5%-10% in 2026 [3][11] - As of December 31, 2025, Blackbaud had total cash and equivalents of $759 million, up from $457.4 million as of September 30, 2025 [9] - Cash provided by operating activities was $265.6 million for Q4, down from $296 million in the prior-year quarter [10] 2026 Outlook - Blackbaud projects 2026 GAAP revenue between $1.173 billion and $1.179 billion, with non-GAAP diluted EPS forecasted at $5.15 to $5.25 [12] - The company anticipates non-GAAP adjusted EBITDA to reach between $430 million and $438 million, with adjusted free cash flow expected to be $280 million to $290 million [12] Strategic Initiatives - Blackbaud is enhancing its AI capabilities through a partnership with Anthropic, focusing on AI-powered solutions [14] - The company was recognized in Newsweek's list of America's Most Responsible Companies for the fifth consecutive year, highlighting its commitment to responsible business practices [15]

Chief Executive Officer Michael Gianoni framed AI as central to Blackbaud’s product roadmap and internal operations, addressing what he called a key industry question about whether AI will help or hurt “system-of-record vertical software firms.” Gianoni said the company is “all in on AI,” noting that every employee is required to complete AI training.Blackbaud also emphasized capital allocation, including a stepped-up pace of share repurchases. Boor said the company repurchased about 8% of its common stock ...

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分组1 - Blackbaud reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and showing an increase from $1.08 per share a year ago, resulting in an earnings surprise of +3.48% [1] - The company achieved revenues of $295.26 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.51%, although this represents a decline from year-ago revenues of $302.23 million [2] - Blackbaud has consistently surpassed consensus EPS estimates over the last four quarters, indicating a strong performance trend [2] 分组2 - The stock has underperformed the market, losing approximately 23.8% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.09 on revenues of $281.32 million, and for the current fiscal year, it is $4.85 on revenues of $1.18 billion [7] 分组3 - The Zacks Industry Rank indicates that the Computer - Software sector is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Blackbaud (NasdaqGS:BLKB) Q4 2025 Earnings call February 10, 2026 08:00 AM ET Company ParticipantsAnthony Boor - EVP and CFOMichael Gianoni - CEO, President and Vice ChairmanTom Barth - Head of Investor RelationsConference Call ParticipantsBrian Peterson - AnalystKirk Materne - AnalystMatthew Kikkert - AnalystRob Oliver - AnalystOperatorGood day and welcome to the Blackbaud Inc. fourth quarter and full year 2025 earnings call. Today's conference is being recorded. I'll now turn the conference over to Tom Ba ...

Blackbaud (NasdaqGS:BLKB) Q4 2025 Earnings call February 10, 2026 08:00 AM ET Company ParticipantsAnthony Boor - EVP and CFOMichael Gianoni - CEO, President and Vice ChairmanTom Barth - Head of Investor RelationsConference Call ParticipantsBrian Peterson - AnalystKirk Materne - AnalystMatthew Kikkert - AnalystRob Oliver - AnalystOperatorGood day and welcome to the Blackbaud Inc. fourth quarter and full year 2025 earnings call. Today's conference is being recorded. I'll now turn the conference over to Tom Ba ...

Blackbaud (NasdaqGS:BLKB) Q4 2025 Earnings call February 10, 2026 08:00 AM ET Speaker1Good day and welcome to the Blackbaud Inc. fourth quarter and full year 2025 earnings call. Today's conference is being recorded. I'll now turn the conference over to Tom Barth, Head of Investor Relations. Please go ahead, sir.Speaker2Good morning, everyone. Thank you for joining us on Blackbaud's fourth quarter and full year 2025 earnings call. Joining me on the call today are Mike Gianoni, Blackbaud's CEO, President, and ...

Blackbaud Ticker: BLKB February 10, 2026 Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this presentation consist of, among other things, statements regarding future operating results, all of which are based on current expectations, estimates, and forecasts, and the beliefs and assumptions of the Compa ...

Financial Performance - GAAP total revenue for FY25 was $1.1 billion, down 2.3% year-over-year, while non-GAAP organic revenue increased by 5.5%[12] - GAAP recurring revenue was $1.1 billion, down 2.0% year-over-year, representing 98.0% of total revenue, with non-GAAP organic recurring revenue increasing by 5.8%[12] - GAAP net income for FY25 was $115.0 million, with GAAP diluted earnings per share of $2.37, an increase of $8.29 per share[12] - Non-GAAP adjusted EBITDA for FY25 was $405.3 million, up $17.3 million, with a margin of 35.9%, an increase of 220 basis points[12] - The Rule of 40 score for FY25 was 41.4%[12] - Non-GAAP free cash flow for FY25 was $203.5 million, a decrease of $25.2 million, with a margin of 18.0%, down 180 basis points[12] - Total revenue for the year ended December 31, 2025, was $1,128,365, a decrease of 2.3% from $1,154,624 in 2024[33] - Gross profit increased to $663,292 for the year ended December 31, 2025, compared to $631,426 in 2024, reflecting a growth of 5.0%[33] - Net income for the year ended December 31, 2025, was $114,970, a significant improvement from a net loss of $299,524 in 2024[33] - Operating expenses for the year decreased to $472,538 in 2025 from $902,803 in 2024, a reduction of 47.7%[33] - Cash flows from operating activities for the year ended December 31, 2025, were $265,550, down from $295,969 in 2024[35] - GAAP revenue for Q4 2025 was $295,256, a decrease of 2.3% compared to Q4 2024's $302,113[41] - Non-GAAP organic revenue for Q4 2025 was $295,256, reflecting a growth of 4.3% from Q4 2024's $283,017[41] - GAAP gross profit increased to $172,284 in Q4 2025, up from $162,530 in Q4 2024, resulting in a gross margin of 58.4%[41] - Non-GAAP income from operations for the year ended 2025 was $344,442, compared to $319,249 in 2024, with a non-GAAP operating margin of 30.5%[41] - GAAP net income for the year ended 2025 was $114,970, a significant improvement from a loss of $299,524 in 2024[46] - Non-GAAP diluted earnings per share for the year ended 2025 was $4.45, compared to $4.06 in 2024[41] Future Outlook - Blackbaud announced a financial outlook for FY26, projecting GAAP revenue between $1.173 billion and $1.179 billion[18] - Non-GAAP diluted earnings per share for FY26 is expected to be between $5.15 and $5.25[18] Stock and Capital Management - Blackbaud has approximately $961 million remaining under its stock repurchase program, with plans to repurchase 5.0% to 10.0% of outstanding common stock in 2026[16] AI and Innovation - Blackbaud partnered with Anthropic to enhance AI capabilities and showcased AI-powered innovations at product update briefings[12] Balance Sheet and Cash Flow - Total assets decreased to $2,390,682 as of December 31, 2025, from $2,496,000 in 2024, a decline of 4.2%[31] - Total liabilities decreased to $2,305,628 as of December 31, 2025, compared to $2,369,161 in 2024, a reduction of 2.7%[31] - Cash and cash equivalents at the end of 2025 were $38,914, down from $67,628 at the end of 2024, a decrease of 42.5%[35] - The company reported a basic earnings per share of $2.41 for the year ended December 31, 2025, compared to a loss of $5.92 in 2024[33] - The company’s additional paid-in capital increased to $1,391,641 in 2025 from $1,291,442 in 2024, reflecting a growth of 7.8%[31] - GAAP net cash provided by operating activities for 2025 was $265,550, down from $295,969 in 2024[52] - GAAP operating cash flow margin decreased to 23.5% in 2025 from 25.6% in 2024[52] - Non-GAAP free cash flow for 2025 was $203,547, compared to $228,769 in 2024[52] - Non-GAAP free cash flow margin declined to 18.0% in 2025 from 19.8% in 2024[52] - Non-GAAP adjusted free cash flow for 2025 was $208,187, down from $244,694 in 2024[52] - Non-GAAP adjusted free cash flow margin decreased to 18.5% in 2025 from 21.2% in 2024[52] - Non-GAAP adjustments included a $4,640 increase in Security Incident-related cash flows for 2025[52] Currency Impact - The company reported a foreign currency impact on non-GAAP organic revenue of $(3,516) for the year ended 2025[41] - The primary foreign currencies impacting financial results were the Australian Dollar, British Pound, Canadian Dollar, and Euro[48] - Non-GAAP EBITDA was calculated by translating foreign currency results to U.S. Dollars using prior period exchange rates[48] Security Incident Costs - Security Incident-related costs for the year ended 2025 amounted to $3.1 million, down from $13.7 million in 2024[38] Growth and Profitability Metrics - The Rule of 40 metric for the year ended 2025 was 39.7%, indicating a strong balance between growth and profitability[46]