Blackbaud Q3 2025 Earnings Release

Blackbaud, Inc. reported its unaudited financial results for the third quarter ended September 30, 2025. The company announced a GAAP total revenue of $281.1 million, a decrease of 1.9% compared to the same period in 2024, primarily due to the divestiture of EVERFI. However, non-GAAP organic revenue increased by 5.2%. GAAP net income was $47.5 million, with diluted earnings per share of $0.98, up $0.63 from the previous year. Non-GAAP net income was $53.2 million, with diluted earnings per share of $1.10. The company also highlighted its strong cash flow performance, with GAAP net cash provided by operating activities increasing to $139.2 million. Blackbaud reiterated its full-year financial guidance and raised its adjusted free cash flow outlook. The company continues to focus on AI innovation and operational efficiency, as demonstrated at its annual bbcon conference.