Blackbaud, Inc. BLKB

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Insider Decisions

Total sells 5.81
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 2 4 1 1 3 1
Insider Ownership 22.90%

Capital & Financial Ratios

Market Cap 1,940.00
Revenue 1,148.14
Net Income 150.68
Free Cash Flow 276.59
Net Debt 269.00
Current Ratio 0.83
Debt/Equity 17.16
P/E ratio 13.24
P/S ratio 1.68
P/B ratio 28.74
Past 5Y EPS Growth (48.47%)
This Y EPS Growth 17.87%
Next Y EPS Growth 13.82%
Next 5Y EPS Growth 11.09%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2025 ‡‡‡
2024 ‡‡‡
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
2020 0.12
2019 0.48
2018 0.48
2017 0.48
2016 0.48
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 728.26 809.51 758.98 881.01
Receivables 102.22 85.51 81.83 141.27
Inventory
Other
929.76 976.59 930.09 1,118.89
2023 2024 2025 Q'26
Payables 25.18 50.81 27.34 35.43
ST’ Debt 19.26 23.88 22.66 22.60
Other 695.84 742.34 719.83 851.79
1,197.14 1,252.06 1,182.10 1,351.05
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 281.14 290.60
’25 269.94 282.03 281.14 295.26 1,128.37
’24 279.25 287.29 286.60 301.49 1,154.62
’23 261.75 271.04 277.63 296.66 1,107.08
’22 257.12 264.93 261.30 274.76 1,058.11
’21 219.19 229.44 231.22 247.89 927.74
’20 223.62 231.99 215.00 242.61 913.22
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 51.46 91.05
’25 1.39 66.94 139.21 58.01 265.55
’24 64.62 53.82 103.95 73.58 295.97
’23 21.81 53.20 127.98 (3.35) 199.63
’22 24.50 57.28 108.03 14.09 203.89
’21 30.10 69.82 69.87 43.87 213.66
’20 (24.50) 61.99 71.68 38.79 147.96
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 36.99 75.28
’25 (12.27) 51.50 123.24 41.08 203.55
’24 51.29 32.64 88.34 56.50 228.77
’23 6.48 36.99 110.61 (18.57) 135.51
’22 7.56 39.52 89.46 (3.71) 132.83
’21 17.33 56.60 57.86 29.71 161.51
’20 (38.31) 48.23 41.38 24.81 76.11
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.67 0.79
’25 0.10 0.54 0.98 0.76 2.37
’24 0.10 0.42 0.40 (6.82) (5.68)
’23 (0.28) 0.04 0.17 0.10 0.03
’22 (0.20) (0.07) (0.20) (0.41) (0.88)
’21 0.00 0.14 0.13 (0.15) 0.12
’20 0.10 0.24 0.10 (0.28) 0.16

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 43.54 53.39 66.47 54.56
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ 83.98 88.56 88.95 81.39
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,200 3,000 2,600 2,800
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.33 0.37 0.44 0.40
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,058.11 1,107.08 1,154.62 1,128.37 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 52.24% 54.11% 54.69% 58.78%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (55.57) 19.29 (312.46) 131.78 ‡‡‡‡‡
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5.25%) 1.74% (27.06%) 11.68% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (45.41) 3.02 (299.52) 114.97 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 104.73 111.26 124.20 88.70
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 20.52 21.07 22.84 23.67 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ (0.88) 0.03 (5.68) 2.41 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.95 3.80 5.85 5.57 ‡‡‡‡
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ (1.38) (1.22) (1.33) (1.30) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.58 2.58 4.52 4.27
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 14.43 15.39 2.51 1.78
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 51.57 52.55 50.56 47.68 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.00 2,852.33 0.00 26.17 ‡‡‡‡ ‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.92 4.06 3.24 2.68 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.15 5.56 29.47 35.50 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.04 4.11 3.47 2.99 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 24.19 33.56 17.50 16.56
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 203.89 199.63 295.97 265.55 ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (71.06) (64.13) (67.20) (62.00) ‡‡‡‡‡ ‡‡‡‡‡
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 132.83 135.51 228.77 203.55 ‡‡‡‡‡
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (312.00) (267.38) (275.46) (252.00)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 859.04 779.66 1,074.99 1,109.70
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 125.11 51.41 265.47 350.72
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 744.03 808.71 126.84 85.05
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.52%) 0.10% (11.08%) 4.71% ‡‡‡‡‡
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (2.05%) 3.37% (43.23%) 27.36%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ (6.22%) 0.39% (64.03%) 108.52% ‡‡‡‡‡
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Blackbaud (BLKB), a key player in cloud software for nonprofits, education, and healthcare, has delivered steady revenue growth from $732 million in 2016 to $1.16 billion in 2024—a solid 5% CAGR—despite setbacks like a 2020 ransomware attack and economic headwinds. However, 2024 brought a shocking $283 million net loss from a massive goodwill impairment, slashing book value per share by 82% and sending shares back to 2016 lows, highlighting risks from its acquisition strategy.

Efficiency shines through with revenue per employee doubling to $444,000 and free cash flow per share up 90% to $4.52, supporting dividends and buybacks amid rising debt. Analysts forecast a revenue dip in 2025 before rebounding, with explosive profitability recovery—$115 million net income in 2025 and EPS of $3.13 in 2026—implying 22% upside from current levels. Yet, insider selling and leverage concerns temper the optimism.

At attractive forward multiples like 16x 2026 EPS and 17.5x EV/FCF, BLKB looks undervalued for patient investors, but watch for nonprofit budget squeezes or cyber risks. Dive into the full analysis for the charts, historical parallels, and buy/hold verdict.

Blackbaud, Inc. (BLKB) Latest News

News by impact score

Fine-tune

28 Aug

3 , 11:30 AM

Blackbaud (BLKB) shares have risen 21.2% since the last earnings report. Post-earnings stock gains signal moderate positive effects on near-term investor sentiment and performance outlook.

12 Aug

3 , 10:11 PM

Blackbaud integrates AI into fundraising platforms to enhance nonprofit operations and donor engagement tools. AI addition to core fundraising products may improve Blackbaud offerings and competitive stance without guaranteed large-scale trajectory shift.

11 Aug

3 , 9:30 AM

Blackbaud is using Expedited Giving+ to deliver corporate donations to nonprofits faster than before. Expedited Giving+ speeds corporate donation processing and may modestly strengthen Blackbaud operational efficiency and client retention.

10 Aug

3 , 9:28 AM

Blackbaud integrates Raiser's Edge NXT with Microsoft 365 Copilot to provide greater flexibility in accessing fundraising intelligence. Integration with Microsoft 365 Copilot delivers incremental product enhancement to fundraising tools.

7 Aug

4 transcript www.fool.com, 9:03 PM

Blackbaud reported Q2 2026 financial results and business outlook during its earnings call. Q2 2026 earnings figures and forward guidance directly shape investor views on Blackbaud revenue trajectory and valuation.

31 Jul

4 , 9:11 AM

Blackbaud develops AI agents that could reshape its recurring revenue growth model through enhanced client services and retention. AI agents at Blackbaud could significantly boost recurring revenues and shift company trajectory.

3 , 9:10 AM

Blackbaud is converting agentic AI into a dedicated social impact platform. Agentic AI rollout targets product innovation that can moderately shift competitive positioning and investor view of long-term growth.

3 , 8:53 AM

Blackbaud beat earnings expectations but missed revenue targets. The results prompt evaluation of whether BLKB stock is attractive following the mixed quarterly performance. Mixed quarterly earnings directly shape near-term investor views and valuation multiples for Blackbaud.

29 Jul

4 , 3:02 PM

Blackbaud Inc posted strong Q2 2026 financial results and highlighted AI-driven initiatives during its earnings call. Strong earnings and AI focus indicate major strategic progress likely to shift Blackbaud's trajectory and investor outlook.

3 transcript app.moby.co, 5:41 PM

Blackbaud, Inc. held its Q2 2026 earnings call detailing financial results, operational updates and forward outlook. Quarterly earnings data typically drive moderate shifts in valuation and short-term sentiment for BLKB.

3 www.fool.com, 2:50 PM

Blackbaud (BLKB) stock surges sharply on positive developments boosting investor sentiment and near-term trading activity. Stock surge reflects short-term sentiment lift without clear long-term fundamental shifts to operations or strategy.

3 investorshub.advfn.com, 10:32 AM

Blackbaud reported second-quarter results and reaffirmed its 2026 outlook. Quarterly results and reaffirmed outlook provide financial metrics that can shift near-term investor sentiment and valuation.

3 transcript www.marketbeat.com, 9:04 AM

Blackbaud Q2 earnings call highlighted financial results, revenue performance, operational updates and forward outlook for the company. Q2 earnings highlights deliver financial updates that moderately shape near-term investor sentiment and performance views.

3 , 8:25 AM

Blackbaud (BLKB) reported second-quarter earnings that beat estimates. Earnings beat provides positive signal for near-term financial results and sentiment.

3 , 7:00 AM

Blackbaud, Inc. released its second quarter 2026 financial results. Quarterly earnings reports provide key financial metrics that can affect Blackbaud's stock price and market outlook.

27 Jul

3 , 9:28 AM

Blackbaud forms strategic innovation partnership with Student First to advance AI-powered connected campus solutions for higher education. Partnership expands Blackbaud AI capabilities in higher education but delivers only moderate competitive effects.

23 Jul

3 , 11:15 AM

Blackbaud launches new AI agents and earns TIME recognition, prompting assessment of BLKB shares as a potential bargain. New AI agents and TIME recognition may enhance Blackbaud product innovation and market perception with limited overall trajectory shift.

22 Jul

4 , 9:28 AM

Blackbaud introduces Agents for Good™ with embedded AI capabilities for a reimagined cloud-native, AI-first connected platform. Blackbaud's launch of embedded AI and reimagined platform represents a major product and technology initiative that can materially shift its competitive positioning and growth trajectory.

16 Jul

3 , 11:00 AM

Blackbaud develops AI Admissions Agent for K-12 independent schools. AI Admissions Agent targets education market operations and may boost product positioning.

15 Jun

3 , 10:00 AM

Blackbaud launches Intelligent Advisor to help nonprofits improve financial operations. New product targets core nonprofit market with moderate potential to strengthen offerings and user retention.

30 May

3 Simply Wall St., 1:05 PM

Analysts reassess Blackbaud (BLKB) execution and valuation, shifting the narrative around the company. Analyst reassessment of execution and valuation can moderately influence investor perceptions and stock performance.

20 May

3 www.marketbeat.com, 1:03 AM

Blackbaud CEO promotes AI fundraising agents and Rule of 45 strategy path at JPMorgan conference. AI agent promotion and Rule of 45 path at conference point to moderate innovation and positioning gains.

18 May

4 Simply Wall St., 6:08 AM

Blackbaud, Inc. (BLKB) embeds artificial intelligence into its core platforms to strengthen competitive advantages in the social impact sector. AI integration into core platforms represents a major product innovation that can significantly boost operational capabilities and market positioning.

15 May

4 PR Newswire, 10:30 AM

Blackbaud's latest product innovations underscore its defensible market position, firmly anchored in data, context, and trust. Product innovations highlight Blackbaud's strengthened competitive edge through data, context, and trust, likely boosting future performance and investor sentiment.

8 May

4 Insider Monkey, 4:55 PM

Blackbaud Inc. (BLKB) delivered strong first-quarter results with revenue growth and raised full-year guidance, signaling sustained momentum in core operations and market expansion. Strong Q1 results and raised guidance indicate significant positive influence on BLKB's financial trajectory and investor sentiment.

4 May

4 PR Newswire, 9:00 AM

Blackbaud, Inc. (BLKB) announces a strategic investment in Student First to deliver a stronger connected campus experience for higher education institutions. Strategic investment targets higher education expansion, enhancing product offerings and competitive positioning.

2 May

4 Simply Wall St., 8:10 AM

Blackbaud, Inc. exceeded expectations in its results, prompting analysts to update consensus estimates. Exceeding expectations and revised consensus estimates indicate strong financial performance poised to significantly enhance market sentiment and future trajectory.

30 Apr

4 , 3:06 AM

Blackbaud Inc (BLKB) reported strong revenue growth in Q1 2026 earnings call, highlighting strategic AI initiatives amid robust financial performance. Strong revenue growth and AI strategies represent major financial and innovative advancements likely to enhance competitive positioning.

29 Apr

4 app.moby.co, 12:45 PM

Blackbaud, Inc. (BLKB) Q1 2026 earnings call summary covers quarterly financial results, revenue growth, profitability metrics, and future outlook. Quarterly earnings summaries directly shape investor perceptions of financial health and stock trajectory.

4 transcript www.fool.com, 11:36 AM

Blackbaud (BLKB) released Q1 2026 earnings call transcript detailing first-quarter financial results, revenue growth, profitability metrics, operational updates, and forward guidance. Q1 2026 earnings transcript discloses key financials, guidance, and strategic updates that could significantly sway BLKB stock performance and investor outlook.