Record Performance Metrics
Blackbaud achieved its highest quarterly Rule of 45 performance, with revenue reaching $281 million, representing 6.8% organic growth year-over-year. Adjusted EBITDA margin was 38.5%, up nearly 300 basis points year-over-year.
Significant Customer Wins
Blackbaud acquired major new customers, including a large youth development organization and SunnyBrook Foundation, by leveraging its Raiser's Edge NXT and Data Intelligence solutions.
Innovative Product Developments
The company has made progress on its AI Everywhere strategy, with initiatives such as predictive AI and the upcoming Blackbaud copilot, alongside its integration with Constant Contact.
Increased Guidance and Financial Strength
Blackbaud raised its revenue guidance to $1.120 billion to $1.130 billion for 2025, expecting a Rule of 40 at constant currency of 40.5%. Adjusted free cash flow is projected to reach $190 million to $200 million.