Strong Revenue and Growth Metrics
Blackbaud generated revenue of $281 million, reflecting a 5.2% organic growth year-over-year. Adjusted EBITDA margin increased by over 200 basis points to 35.4%, and non-GAAP diluted earnings per share rose 11% year-over-year to $1.10.
Innovation and AI Advancements
Blackbaud showcased significant innovation at bbcon 2025, with new AI capabilities such as predictive AI and generative AI-powered acknowledgments. The introduction of the agentic AI suite, Agents for Good, aims to expand customer teams with virtual members.
Successful Stock Repurchase Program
Blackbaud repurchased nearly 2 million shares year-to-date, representing approximately 5.2% of the company's common stock outstanding. The company plans to increase its stock repurchase target from 5% to 7% for 2025.
Positive Free Cash Flow
Adjusted free cash flow was $125 million, up 28% year-over-year from $98 million. The company has raised its free cash flow guidance for 2025 due to anticipated cash tax savings.