Blackbaud(NASDAQ) BLKB

Blackbaud, Inc. helps nonprofits and schools manage their money. The company makes software that tracks gifts and student tuition. These tools let social impact groups focus on their missions.

Tools for Doing Good

• Fundraising and Relationship Management: Platforms like Raiser’s Edge NXT help nonprofits track donor history and manage giving campaigns.
• Financial Management: Software such as Financial Edge NXT and Tuition Management assists schools and organizations with accounting and billing.
• Social Responsibility: Applications like YourCause GrantsConnect support companies in managing their employee giving and grant programs.
• Payment Services: Integrated processing tools handle credit card donations and transaction fees directly through the company software.
• Engagement and Marketing: Solutions like Luminate Online help organizations reach out to their communities and keep donors involved.

Expanding With Intelligence

• Launched the fundraising development agent in the first half of 2026 to automate donor outreach through agentic artificial intelligence.
• Announced four additional planned AI solutions, including agents for data health, admissions, digital marketing, and accounts payable.
• Moved software development and back-office tasks to a new Global Capability Center in Hyderabad, India, to improve operational efficiency.
• Expanded the use of public cloud providers to host infrastructure and improve security for all digital products.

A Specialized Global Network

Blackbaud operates in six countries and supports users in more than 100 countries to provide specialized software for the social impact sector. The company maintains long-term stability with approximately 90% of its contractual recurring revenue coming from contracts of three years or longer.

Measuring the Impact

• Total revenue reached $571.7 million for the six months ended June 30, 2026, up 3.6% year over year.
• Income from operations grew to $113.5 million during the six months ended June 30, 2026, compared to $77 million in the previous year.
• Net cash provided by operating activities was $142.5 million for the six-month period ended June 30, 2026, up 108.6% year over year.
• Non-GAAP free cash flow was $112.3 million for the first six months of 2026, an increase from $39.2 million in the same period in 2025.
• The company returned $110.1 million to stockholders through share repurchases during the six months ended June 30, 2026.

Modernizing Social Impact

Blackbaud has transitioned from a traditional software provider to a cloud-based leader focused on artificial intelligence and automated workflows. This shift toward recurring revenue and specialized AI agents reflects its focus on efficiency and digital innovation for nonprofits.