BLACKBAUD INC earnings

Blackbaud's fiscal 2026 second quarter showed steady top-line growth and sharper profitability. GAAP revenue was $290.6 million for the quarter, up 3.0% from the prior-year quarter. Year-to-date revenue reached $571.7 million, up 3.6%. Non-GAAP organic recurring revenue grew 3.3%.

Blackbaud opened fiscal 2026 with first quarter revenue of $281.1 million, up 4.2% from the prior year quarter. Recurring revenue carried the top line.

Blackbaud closed fiscal 2025 with fourth quarter GAAP revenue of $295.3 million, down 2.3% from the prior-year quarter, a decline the company attributes to the divestiture of EVERFI. The underlying business grew. Non-GAAP organic revenue rose 4.3% in the quarter and 5.5% for the full year.

Blackbaud's third quarter revenue was $281.1 million, down 1.9% from the prior-year quarter. The decline is mostly about portfolio shape. The December 2024 sale of EVERFI pulled the reported top line lower. On an organic basis, non-GAAP organic revenue grew 5.2%, and non-GAAP organic recurring revenue grew 5.5%.

Blackbaud's fiscal 2025 second quarter showed a familiar pattern: reported revenue shrank while margins and profit expanded. GAAP revenue was $281.4 million for the quarter, down 2.1% from the prior-year quarter.

Blackbaud started fiscal 2025 with a mixed first quarter. Revenue was $270.7 million, down 3.1% from the prior-year quarter, as the sale of EVERFI removed a sizable chunk of the top line. Non-GAAP organic revenue still increased 5.8%.

Blackbaud closed fiscal 2024 with a fourth quarter that held up on the top line and absorbed a large accounting hit on the bottom line. Revenue for the quarter ended December 31, 2024 was $302.2 million, up 2.4% from the prior-year quarter. Full-year revenue was $1.16 billion, up 4.5%.

Blackbaud reported third quarter revenue of $286.7 million, up 3.3% from the prior-year quarter, with recurring revenue at 98% of the total and growing 4.1%. Non-GAAP organic revenue rose 4.3%.

Blackbaud's second quarter revenue reached $287.3 million, up 6.0% from the prior-year quarter, and first-half revenue was $566.5 million, up 6.3%. Recurring revenue made up 98% of the total, and non-GAAP organic revenue growth was 6.7%. The Social Sector, at 88% of revenue, grew 8.5%.

Blackbaud opened 2024 with GAAP revenue of $279.3 million, up 6.7% from $261.8 million in the prior-year quarter. Recurring revenue supplied 97% of the total, and non-GAAP organic recurring revenue increased 7.4%. Social Sector revenue, which represents roughly 88% of the business, grew 8.7%.

Blackbaud's fourth quarter of fiscal 2023 was its best top-line period of the year. Revenue reached $295.0 million, up 7.4% from the prior-year quarter. GAAP gross profit rose 14.3% to $159.2 million, and gross margin expanded to 54.0% from 50.7%.

Blackbaud closed the third quarter of 2023 with revenue of $277.6 million, up 6.2% from the prior-year quarter. Gross profit rose 11.0% to $155.9 million, and gross margin reached 56.1%, up 2.4 percentage points.

Blackbaud reported second-quarter GAAP revenue of $271.0 million, up 2.3% from the prior-year quarter. Non-GAAP organic recurring revenue rose 4.4%. Gross profit was $149.6 million, up 7.4%, and gross margin expanded to 55.2% from 52.6%.

Blackbaud reported GAAP revenue of $261.8 million for the first quarter of fiscal 2023, up 1.8% year over year, and GAAP gross profit of $138.6 million, up 3.6%. GAAP gross margin was 53.0%, up 0.9 percentage points. Profitability moved the other way.

Blackbaud closed fiscal 2022 with fourth-quarter revenue of $274.8 million, up 10.8%, and full-year revenue of $1.06 billion, up 14.1%. The company crossed the $1 billion mark for the first time.

Blackbaud reported third quarter revenue of $261.3 million, up 13.0% from the prior-year quarter. Year-to-date revenue was $783.3 million, up 15.2%. Gross profit in the quarter was $140.4 million, up 13.6%, and gross margin was 53.7%, up 0.3 percentage points from the prior-year quarter.

Blackbaud grew second quarter revenue 15.5% to $264.9 million. The increase came largely from the EVERFI acquisition, which closed at the end of 2021, and from the ongoing shift of the customer base toward cloud subscriptions.

Blackbaud's fiscal 2022 first quarter showed top-line growth but a GAAP loss. Total revenue was $257.1 million, up 17.3% from the prior-year quarter. Gross profit was $133.8 million, up 15.5% from the prior-year quarter, while gross margin slipped to 52.0%, down 0.8 percentage points from the prior-year quarter.

Blackbaud closed fiscal 2021 with fourth-quarter revenue of $247.9 million, up 2.2% from the prior-year quarter. Non-GAAP organic recurring revenue grew 4.0%. That top-line progress did not reach the bottom line.

Blackbaud's third quarter of fiscal 2021 showed top-line improvement and better GAAP profitability than the prior-year quarter. Revenue was $231.2 million, up 7.5%. Gross profit was $123.5 million, up 6.2%, while gross margin was 53.4%, down 0.7 percentage points.

Blackbaud's fiscal 2021 second quarter carried a difficult comparison in payments. GAAP revenue for the quarter ended June 30, 2021 was $229.4 million, down 1.1% from the prior-year quarter. GAAP recurring revenue was $217.0 million, up 0.3%, and non-GAAP organic recurring revenue grew 0.3%.

Blackbaud's fiscal 2021 first quarter showed a split between tepid GAAP results and much stronger non-GAAP profitability. Total GAAP revenue was $219.2 million, down 2.0% from the prior-year quarter. GAAP gross profit was $115.8 million, down 2.5%, and gross margin was 52.8%, down 0.3 percentage points.

Blackbaud, Inc.'s Fourth Quarter of FY2020 presented several challenges and strategic movements. In 2020, the firm encountered disruptions due to the COVID-19 pandemic, impacting both operational strategies and market approaches.

Blackbaud's third quarter of 2020 was marked by the ongoing impact of the COVID-19 pandemic and a significant cybersecurity incident.

Blackbaud faced significant challenges during the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic.

This analysis of Blackbaud's fiscal Q1 2020 highlights how the company, a leading provider of cloud software for social good organizations, is navigating the significant challenges posed by the COVID-19 pandemic.

Blackbaud, the leading cloud software company serving the social good community, faced several dynamic challenges in FY2019 Q4. The company's growth strategy focuses on delighting customers, driving sales effectiveness, expanding the total addressable market (TAM), and improving operating efficiency.

Blackbaud's Q3 2019 presentation underscores the company's commitment to expanding its cloud-based software solutions and driving customer satisfaction.

Blackbaud, Inc. continued to make strides in the second quarter of 2019, focusing on expanding its cloud solutions, advancing sales, and optimizing operations.

Blackbaud has positioned itself as a leader in cloud software for the social good community, with operations in multiple regions including the United States, Australia, Canada, Costa Rica, and the United Kingdom.

Blackbaud ended fiscal year 2018 with total revenue hitting $848.6 million, marking a 7.6% increase from 2017. This growth was driven by an uptick in recurring revenue as adoption of cloud-based solutions continued. The integration of acquisitions, such as Reeher LLC, further fueled this revenue rise.

Blackbaud, Inc., a leader in cloud software for social good, reported an eventful third quarter of FY2018 despite the absence of a press release or supplemental exhibits detailing the quarter's financials.

Blackbaud, Inc., a leader in cloud software for social good, continues to navigate a year of transformation.

Blackbaud, Inc., the leading cloud software company supporting social good, has reported the Q1 2018 results with a strong emphasis on transitioning to a subscription-based cloud delivery model.

Blackbaud Inc., the leading cloud software company catering to the social good sector, made significant strides in FY2017 Q4 as it focused on expanding its business model towards a predominantly cloud-based subscription service.

Blackbaud, Inc., a cloud software company focused on the social good industry, reported its third quarter results for FY 2017. The company emphasizes its transition to a subscription-based cloud delivery model, aiming to enhance scalability and reduce total ownership costs for clients.

Blackbaud reported increased revenues in Q2 2017, primarily driven by a shift toward cloud-based subscription services, as evidenced by total revenues of $192.2 million for the quarter.

Blackbaud Inc. (ticker: BLKB), a leader in cloud software for social good communities, displayed steady financial outcomes in Q1 FY2017. During this quarter, the company maintained its revenues and expanded its subscription-based model.

Blackbaud, Inc. continues to redefine its footprint in the social good technology sector, presenting a strategic shift towards cloud-based solutions.

Blackbaud operates as a cloud software firm focusing on the social good sector, with a wide range of services encompassing fundraising, digital marketing, and analytics, among others. At the end of Q3 2016, they reported having around 35,000 customers.

Blackbaud is executing multiple strategic initiatives as part of a broader effort to adapt its business model from a license-based system to a predominantly subscription-based, cloud-service model.

Blackbaud, Inc.'s first quarter of 2016 exhibits a company in transformation, with results partly bolstered by its October 2015 acquisition of Smart Tuition.

Blackbaud Inc., a software services leader in the global philanthropic sector, achieved total revenue of $637.9 million in 2015, marking a 13% increase from the previous year.

Blackbaud's third quarter of fiscal year 2015 was marked by significant financial maneuvers aimed at strengthening its operational capacity.

Blackbaud's second-quarter performance for fiscal year 2015 presents a mixed bag of results driven by strategic transitions and operational adjustments. Notably, total revenue increased by 12.1% for the quarter and 13.6% for the six months ending June 30, 2015, compared to the same periods in 2014.

Blackbaud, Inc.'s fiscal Q1 2015 did not exhibit remarkable signs of either operational distress or exceptional growth. The absence of a press release and supplementary exhibits limits the insights, but the Management’s Discussion and Analysis (MD&A) section provides some financial highlights.

Blackbaud ended FY2014 with several strategic moves and financial outcomes that indicate a transition period for the software provider to nonprofit organizations. The company's revenue grew by 12% to $564.4 million, driven by strong demand for their cloud-based and hosted solutions.

Blackbaud, Inc. is in a solid position as demonstrated by a significant increase in cash and cash equivalents from $11.9 million at December 31, 2013, to $54.0 million at September 30, 2014. This increase is largely due to robust cash generation of $85.5 million from operations in the first nine months of 2014.

Blackbaud, Inc. did not release new forward guidance or specific risk factors in their FY2014 Q2 filings. However, they highlighted ongoing strategic focuses including the shift from perpetual licenses to subscription-based revenue models as a key driver for their future growth.

Blackbaud, Inc.'s first quarter financial disclosures for fiscal year 2014 provide some insight into the company's operational efficiency and liquidity management. A key point is the company's strategic use of an existing credit facility to meet financial needs, such as business acquisitions and stock repurchases.

Blackbaud experienced robust financial growth in fiscal year 2013, spurred by the full-year inclusion of Convio, a company acquired in May 2012. Revenues rose by 13% to reach $503.8 million, largely due to demand for subscription-based offerings and a notable uptick in payment processing transactions.

Blackbaud faced a transformative period during the nine months ending September 30, 2013. The company reported a significant increase in operating cash flow, which rose to $78 million, an uptick of $38.3 million compared to the same timeframe in 2012.

Blackbaud, Inc.'s financial health as of Q2 FY2013 reflects several strategic execution points and considerations. The company reported a significant decrease in cash and cash equivalents, which fell to $7.3 million at the end of the second quarter from $13.5 million at the end of the previous fiscal year.

Blackbaud's Q1 FY2013 presents a mixed picture of financial health and operational developments. The company faced a notable decrease in cash and cash equivalents from $13.5 million at the end of 2012 to $8.4 million by March 31, 2013.

In the third quarter of fiscal year 2012, Blackbaud, Inc. noted a significant increase in cash used for investing activities, primarily due to its acquisition of Convio in May 2012.

The second quarter of fiscal year 2012 was marked by significant financial movements for Blackbaud, primarily driven by its strategic acquisition of Convio in May 2012. From a cash flow perspective, the company experienced considerable shifts.

Blackbaud, Inc. reported its financial results for the first quarter of 2012 in its 10-Q filing, focusing on operational aspects such as cash flow, lease commitments, and foreign currency effects.

Blackbaud's fiscal Q4 2011 performance demonstrated strong revenue growth, with overall revenue increasing by 14% compared to the previous year. The growth was primarily driven by heightened demand for services and subscriptions, as well as continued high retention rates for recurring revenue offerings.

Blackbaud had a quarter of significant activity on the cash flow front, driven largely by increased operating cash flow and higher spending on investments.

Blackbaud, Inc., the global leader in software and related services tailored for nonprofit organizations, demonstrated strong financial performance in the second quarter of 2011. The company's revenue rose by 16% compared to Q2 2010, totaling $93.4 million.

BLKB, a leader in providing software and services to nonprofit organizations, has shown a robust performance for Q1 2011. Revenue increased by 15% year-over-year, primarily driven by growth in subscription-based services which rose by 33%, contributing significantly to the overall revenue increase.

Blackbaud, Inc. completed an eventful fiscal Q4 2010, closing a year marked by both growth and challenges. The company, a leading software provider for nonprofit organizations, posted a 6% revenue increase in 2010 compared to the previous year.

Blackbaud Inc., a leading global provider of software and services for nonprofit organizations, displayed a mixed financial performance in the third quarter of 2010. Their revenue increased by 5% compared to the same quarter in 2009.

Blackbaud Inc., a leading provider of software and services for nonprofit organizations, reported revenue growth despite a challenging economic environment in the second quarter of 2010. The company's total revenue for the quarter was $80.7 million, up 6% from the previous year's second quarter.