Blackbaud ( (BLKB) ) has released its Q1 earnings. Here is a breakdown of the information Blackbaud presented to its investors.
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Blackbaud, a leading software provider dedicated to powering social impact, serves the nonprofit and education sectors, as well as companies committed to social responsibility, with solutions that accelerate impact in various areas such as fundraising and corporate social responsibility.
In its first quarter of 2025, Blackbaud reported a mixed financial performance, with GAAP total revenue declining by 3.1% due to the divestiture of EVERFI, while non-GAAP organic revenue saw an increase of 5.8%. The company also highlighted its strategic initiatives aimed at driving long-term growth and profitability, including stock repurchases and new product launches.
Key financial metrics for the quarter included a GAAP income from operations of $20.4 million, with an operating margin of 7.5%, and a non-GAAP income from operations of $77.5 million, reflecting a 28.6% margin. Despite a decrease in GAAP net cash provided by operating activities, Blackbaud’s non-GAAP adjusted EBITDA margin improved to 34.3%. The company also repurchased approximately 4% of its common stock during the quarter.
Looking ahead, Blackbaud reaffirmed its full-year 2025 financial guidance, projecting GAAP revenue between $1.115 billion and $1.125 billion and a non-GAAP adjusted EBITDA margin of 34.9% to 35.9%. The management remains optimistic about the company’s position in the market and its ability to achieve its long-term goals, including becoming a Rule of 45 company by 2030.