Blackbaud (BLKB) AI Stock Analysis

• Market Cap: $2.97B
• Dividend Yield: N/A
• Average Volume (3M): 272.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: -1.17%
• EPS Growth: -597.89%
• Country: US
• Employees: 2,600
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 1.10
• Shares Outstanding: 47,834,180
• 10 Day Avg. Volume: 309,036
• 30 Day Avg. Volume: 272,472
• PEG Ratio: <0.01
• Price to Book (P/B): 26.32
• Price to Sales (P/S): 3.23
• P/FCF Ratio: 12.95
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 5.69
• Enterprise Value/Ebitda: 11.58
• 1Y Price Target: $76.67
• Price Target Upside: 34.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $58.00 ▲(1.75% Upside)

Blackbaud's overall stock score is primarily influenced by its strong financial performance, which is offset by technical indicators suggesting bearish momentum and valuation concerns due to a negative P/E ratio. The earnings call provided positive guidance, but the technical and valuation challenges weigh heavily on the overall score.

Positive Factors

Revenue Growth

The consistent revenue growth indicates a strong market position and effective customer retention, which supports long-term business sustainability.

Innovation and AI Advancements

Investments in AI technology enhance product offerings, potentially increasing competitive advantage and customer engagement over the long term.

Cash Flow Generation

Strong cash flow generation provides financial flexibility for strategic investments and debt management, supporting long-term growth.

Negative Factors

High Financial Leverage

High leverage increases financial risk and may limit the company's ability to invest in growth opportunities or weather economic downturns.

Revenue Reclassification and Tax Restatement

Errors in financial reporting can undermine investor confidence and indicate potential weaknesses in financial controls, affecting long-term credibility.

Volatile Net Profit Margins

Volatility in profit margins can signal inconsistent cost management or pricing power, potentially impacting long-term profitability.

Blackbaud Business Overview & Revenue Model

Company Description

Blackbaud, Inc. (BLKB) is a leading provider of software and services designed specifically for the nonprofit sector, higher education institutions, and charitable organizations. The company operates primarily in the cloud computing sector, offering solutions that include fundraising, donor management, financial management, and analytics. Blackbaud's core products empower organizations to manage their operations, engage with constituents, and maximize their impact through innovative technology.

How the Company Makes Money

Blackbaud generates revenue primarily through a subscription-based model, which includes recurring software licenses for its cloud solutions and services. Key revenue streams include software subscriptions, transaction fees from payment processing, and professional services such as consulting and training. The company also earns revenue from strategic partnerships with organizations that enhance its product offerings or extend its market reach. Additionally, Blackbaud benefits from a strong customer retention rate, which contributes to stable and predictable revenue growth.

Blackbaud Financial Statement Overview

Summary

Blackbaud demonstrates strong revenue growth and improved profitability in the TTM period, supported by efficient cost management and operational improvements. However, the high leverage poses a financial risk, which is partially mitigated by the company's ability to generate substantial returns on equity. Cash flow metrics are positive, indicating healthy cash generation relative to income.

Income Statement

Blackbaud's income statement shows strong revenue growth, particularly in the TTM period, with a remarkable 24614.88% increase. The company has maintained a healthy gross profit margin around 55-59% over the years, indicating efficient cost management. However, net profit margins have been volatile, with significant improvement in the TTM period to 16.73% from negative margins in previous years. The EBIT and EBITDA margins have also improved significantly, reflecting enhanced operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, peaking at 9.84 in the TTM period, which indicates high leverage and potential financial risk. Despite this, the return on equity has surged to 508.39% in the TTM period, suggesting effective use of equity to generate profits. The equity ratio has been relatively low, reflecting a higher reliance on debt financing.

Cash Flow

Cash flow analysis shows positive trends with a 20.71% growth in free cash flow in the TTM period. The operating cash flow to net income ratio and free cash flow to net income ratio indicate that the company is generating sufficient cash relative to its net income, although these ratios have fluctuated over the years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.14B	1.16B	1.11B	1.06B	927.74M	913.22M
Gross Profit	655.75M	639.20M	604.04M	552.72M	484.55M	486.05M
EBITDA	322.40M	253.72M	178.72M	99.01M	83.69M	103.88M
Net Income	-252.43M	-283.17M	1.82M	-45.41M	5.70M	7.72M
Balance Sheet
Total Assets	2.10B	2.50B	2.91B	2.99B	2.97B	2.04B
Cash, Cash Equivalents and Short-Term Investments	42.25M	67.63M	31.25M	31.69M	55.15M	35.75M
Total Debt	27.64M	1.11B	819.75M	903.96M	1.01B	548.39M
Total Liabilities	2.00B	2.35B	2.10B	2.25B	2.25B	1.62B
Stockholders Equity	108.19M	141.99M	808.71M	744.03M	717.06M	426.15M
Cash Flow
Free Cash Flow	259.20M	288.52M	135.51M	132.83M	161.51M	76.11M
Operating Cash Flow	231.02M	295.97M	199.63M	203.89M	213.66M	147.96M
Investing Cash Flow	-74.39M	-73.41M	-64.39M	-85.55M	-471.27M	-71.85M
Financing Cash Flow	-212.31M	-139.35M	-142.97M	-25.69M	264.11M	-10.68M

Blackbaud Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 57.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLKB, the sentiment is Negative. The current price of 57 is below the 20-day moving average (MA) of 63.64, below the 50-day MA of 65.05, and below the 200-day MA of 65.31, indicating a bearish trend. The MACD of -1.01 indicates Positive momentum. The RSI at 29.28 is Positive, neither overbought nor oversold. The STOCH value of 3.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLKB.

Blackbaud Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTM	78 Outperform	$3.64B	35.42	6.51%	―	1.47%	1077.70%
AGYS	76 Outperform	$3.42B	146.83	8.74%	―	17.77%	-76.05%
BL	67 Neutral	$3.49B	45.79	23.79%	―	7.99%	-28.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BLKB	52 Neutral	$2.97B	―	-78.53%	―	-1.17%	-597.89%
ASAN	52 Neutral	$3.11B	-14.65	-80.55%	―	9.74%	22.36%
RUM	45 Neutral	$2.63B	―	-118.83%	―	32.45%	-125.99%

Blackbaud Corporate Events

Blackbaud Reports Q3 2025 Results and AI Innovations

Blackbaud, a leading software provider for social impact, serves the nonprofit and education sectors by offering solutions that enhance fundraising, financial management, and corporate social responsibility. In its third quarter of 2025, Blackbaud reported a slight decline in GAAP total revenue to $281.1 million, primarily due to the divestiture of EVERFI, while non-GAAP organic revenue saw a 5.2% increase. The company also highlighted significant advancements in AI technology at its annual bbcon conference, aiming to empower clients with deeper constituent relationships and improved operational efficiency.

Blackbaud’s Earnings Call Highlights Strong Growth and Innovation

Blackbaud’s recent earnings call painted a positive picture of the company’s financial health and future prospects. The sentiment expressed during the call was overwhelmingly optimistic, with strong financial performance indicators such as increased revenue, EBITDA, and free cash flow. Despite a minor hiccup involving tax and revenue reclassification, the company’s overall results and outlook remain robust.

Blackbaud Director Yogesh K. Gupta Resigns

On September 10, 2025, Yogesh K. Gupta announced his resignation as a director of Blackbaud, Inc., effective September 11, 2025, to focus on other professional commitments. Following his resignation, the Board of Directors reduced its size from eight to seven members.

The most recent analyst rating on (BLKB) stock is a Hold with a $65.00 price target. To see the full list of analyst forecasts on Blackbaud stock, see the BLKB Stock Forecast page.