Blackbaud (NASDAQ:BLKB) Announces Quarterly Earnings Results

Blackbaud (NASDAQ:BLKB) announced its quarterly earnings data on Tuesday. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04, Briefing.com reports. Blackbaud had a negative net margin of 22.57% and a positive return on equity of 137.13%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share. Blackbaud updated its FY 2026 guidance to 5.150-5.250 EPS.

Here are the key takeaways from Blackbaud’s conference call:

• Blackbaud reached its goal of becoming a Rule of 40 company two years ahead of plan, attributing the milestone to operational efficiencies, go-to-market improvements, and AI-enabled product investment.
• Management is “all in” on AI — launching Blackbaud AI Chat and an Agents for Good roadmap; the first product (a fundraising development agent) is a new subscription revenue line with cross-sell and payments upside.
• 2026 guidance and five-year aspirations target organic revenue growth of 4–6%, Adjusted EBITDA growth of 6–8% with a margin target of > 40%, strong free cash flow, and an EPS CAGR goal above 13% (2026 EPS guide $5.15–$5.25).
• Management’s guidance excludes potential upside from AI products and viral giving and warns that a ~40% larger renewal cohort will reduce 2026 revenue growth by roughly 0.5–0.75 percentage points and push more growth into H2, creating tougher near-term comps.
• Capital allocation prioritizes shareholder returns — management plans to deploy at least 50%+ of cumulative free cash flow from 2026–2030 to buybacks (after repurchasing ~8% of shares in 2025) while retaining capacity for deleveraging and tuck-in M&A.

Blackbaud Price Performance

Shares of NASDAQ BLKB opened at $48.25 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 9.63. The business’s 50 day moving average price is $58.98 and its 200 day moving average price is $61.98. The firm has a market cap of $2.31 billion, a P/E ratio of -9.28, a P/E/G ratio of 1.75 and a beta of 1.10. Blackbaud has a 52 week low of $45.81 and a 52 week high of $81.39.

Analyst Ratings Changes

Several brokerages have weighed in on BLKB. Weiss Ratings reiterated a “sell (d)” rating on shares of Blackbaud in a report on Wednesday, January 21st. Wall Street Zen upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Stifel Nicolaus set a $70.00 price objective on shares of Blackbaud in a research note on Wednesday, October 29th. Finally, Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Blackbaud presently has a consensus rating of “Reduce” and a consensus target price of $73.00.

Insider Buying and Selling

In other Blackbaud news, Director Rupal S. Hollenbeck sold 1,600 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $56.49, for a total value of $90,384.00. Following the completion of the sale, the director directly owned 6,366 shares in the company, valued at $359,615.34. This represents a 20.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

A number of hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in Blackbaud during the third quarter worth about $46,000. iSAM Funds UK Ltd acquired a new position in Blackbaud in the 3rd quarter valued at about $67,000. Quadrant Capital Group LLC purchased a new stake in shares of Blackbaud in the 3rd quarter valued at approximately $115,000. State of Wyoming acquired a new stake in shares of Blackbaud during the 2nd quarter worth approximately $136,000. Finally, Tidal Investments LLC purchased a new stake in shares of Blackbaud during the 2nd quarter valued at approximately $262,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.