Core Insights - Blackbaud is the presenting sponsor of the AFP ICON conference, which will take place from April 27-29, 2025, in Seattle, focusing on "Elevating Impact" [1][2] - The conference will feature educational sessions on human-centric fundraising, including building donor trust and leveraging human-AI partnerships [2][3] - Blackbaud aims to empower fundraisers through scholarships, leadership development, and educational programs, reflecting its commitment to effective and ethical fundraising [3][4] Company Overview - Blackbaud is a leading software provider dedicated to social impact, serving nonprofit and education sectors, with over $100 billion raised or managed annually through its platforms [5][6] - The company has a remote-first operation model, with a presence in multiple countries, supporting users in over 100 countries [5] - Blackbaud has received recognition from various organizations, including Newsweek and Forbes, for its responsible business practices [5] Industry Context - The Association of Fundraising Professionals (AFP) has been promoting professionalism in fundraising since 1960, with 26,000 members raising over $100 billion annually for charitable causes [6][7] - The AFP Partners Program allows organizations to engage with the fundraising community and support ethical philanthropy through various initiatives [7]

Applications are Now Open for Seven Award Categories, Recognizing Social Impact Organizations for their Use of Technology to Drive Impact CHARLESTON, S.C., April 14, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today opened nominations for the 2025 Blackbaud Impact Awards, which will celebrate organizations and people achieving incredible results with Blackbaud software. For over 40 years, Blackbaud has partnered with changemakers, organizations ...

Core Insights - Blackbaud has opened registration for bbcon 2025, with early bird pricing available until July 8, 2025, and the conference scheduled for October 6-8 in Philadelphia [1][2]. Company Overview - Blackbaud is a leading software provider focused on social impact, serving nonprofit and education sectors, as well as companies committed to social responsibility [4]. - The company has facilitated over $100 billion raised, granted, or managed through its platforms annually, showcasing its significant impact in the sector [4]. Conference Highlights - The bbcon 2025 conference will feature top-tier keynote speakers, hands-on workshops, and opportunities for networking among peers in the social impact space [2][6]. - Attendees can enhance their experience by adding a pre-conference pass, which provides access to specialized workshops aimed at skill development [2]. Product Innovations - Blackbaud will host virtual Product Update Briefings from May 6-9, 2025, to share updates on six major waves of innovation in its solutions [3].

Core Insights - Blackbaud hosted the YourCause® from Blackbaud® Corporate Social Impact Summit, gathering social good professionals and corporate leaders to discuss innovation and collaboration in corporate social responsibility [1][2] - The event highlighted themes of engagement, innovation, partnership, and impact, aiming to inspire attendees to drive meaningful change [2] Product Innovations - Blackbaud unveiled an innovation roadmap for YourCause, focusing on enhancing employee giving, volunteering, engagement, and grantmaking [2] - New features include Expedited Giving, which allows donations to be delivered to nonprofits up to 95% faster, and new payment modalities for easier employee engagement [5] - Streamlined event management tools and Mobile Check-In features are designed to enhance volunteer engagement [5] - AI integration is being utilized to improve grant application processes and workflows for corporate grantmakers [5] - YourCause is expanding globally to create inclusive experiences and enhance platform localization [5] - Partnerships with organizations like True Impact are providing customers with data to inform funding decisions [5] - The Blackbaud Impact Edge™ with built-in AI assistant aims to transform corporate social responsibility reporting from static to dynamic, enabling real-time insights [5] Customer Support and Training - Blackbaud offers comprehensive customer success, support, and training programs to ensure companies can effectively utilize the YourCause platform [3] - Support is available globally, with new training courses introduced regularly to focus on practical applications and best practices [3] Upcoming Events - Blackbaud will host a virtual Product Update Briefings event from May 6-9, 2025, to provide further insights into YourCause enhancements [4]

Investors in Blackbaud, Inc. (BLKB) need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $100 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

Core Viewpoint - Blackbaud's shares have decreased by approximately 5.7% since the last earnings report, although this performance has outpaced the S&P 500 [1] Group 1: Earnings Report and Estimates - Estimates for Blackbaud have trended downward over the past month, with the consensus estimate shifting by -28.21% [2] - The stock has received a Zacks Rank of 5, indicating a "Strong Sell" recommendation, suggesting expectations of below-average returns in the coming months [4] Group 2: VGM Scores - Blackbaud currently holds a subpar Growth Score of D, while its Momentum Score is rated A, indicating better performance in momentum [3] - The stock has been assigned an F grade on the value side, placing it in the bottom 20% quintile for this investment strategy, resulting in an overall aggregate VGM Score of D [3]

Core Insights - The Blackbaud Institute released its 2024 Trends in Giving Spotlight, highlighting a 1.9% year-over-year increase in overall giving, nearing the record peak set during the COVID-19 pandemic [2][3] - The report emphasizes the resilience and adaptability of fundraisers, noting that despite political uncertainties, charitable giving grew, achieving new records for mean gift amounts [3][7] Key Findings - Total overall giving levels returned near pandemic-era highs, with a 1.9% increase year-over-year, contributing to a total accumulated growth close to the record peak from the pandemic [7] - Online giving also saw a year-over-year growth of 2.2%, surpassing its pandemic-era peak and reflecting a new record level of accumulated growth [7] - Healthcare organizations led the growth in overall giving with an 11.3% increase, followed by Animal Welfare at 7.1% and Environmental causes at 5.6% [7] - 34% of all giving in 2024 occurred in the last three months of the year, consistent with trends from previous election cycles [7] - The mean individual gift reached a record of $937, while the mean online gift was $197, remaining stable and exceeding pre-pandemic levels [7][5]

Core Insights - Blackbaud is actively supporting fundraising efforts for disaster relief and recovery in Los Angeles following catastrophic wildfires that affected over 50,000 acres and numerous communities [1][2] Nonprofit Sector Response - Nonprofits are utilizing Blackbaud technology to manage donor outreach and donations, addressing both immediate and long-term needs of wildfire victims [3] - Foothill Family is providing essential mental health support and resources for affected families, emphasizing the importance of community collaboration for recovery [4] - Jewish Family Service LA has been a key support provider for various social issues, offering comprehensive services to meet the diverse needs of the community [5] Corporate Contributions - Over 215 companies have utilized Blackbaud's YourCause platform to raise more than $8.1 million for wildfire relief through employee donations and corporate matches [6] - Pennymac has implemented a robust employee-driven campaign, including a 5:1 matching program and $100 volunteer grants for every hour of service, significantly enhancing their support for relief efforts [7][8] Blackbaud's Commitment - Blackbaud has made donations to the Los Angeles Fire Department Foundation and the American Red Cross, alongside a multi-year commitment to the Center for Disaster Philanthropy for broader disaster response initiatives [8] Company Overview - Blackbaud is a leading software provider focused on social impact, serving nonprofits and educational sectors, with over $100 billion raised or managed annually through its platforms [9]

Technology and Innovation Risks - The company is incorporating generative AI technology into certain solutions and services, which may present operational, financial, and reputational risks due to the emerging regulatory environment [124] - The introduction of new technologies, such as AI, could render existing solutions obsolete, impacting the company's market competitiveness [116] - The company’s reliance on third-party service providers for AI features may expose it to legal liabilities and reputational harm if personal data is improperly processed [125] - The company’s generative AI features may produce misleading or harmful outputs, which could lead to reputational damage and legal liabilities [126] - The company faces risks associated with the use of third-party technologies, which could delay solution development and harm business operations [139] Competition and Market Dynamics - The company faces intense competition for highly qualified personnel, which could impact its ability to support planned growth if key personnel cannot be attracted or retained [117] - The company has experienced significant competition, which may limit pricing power and affect customer adoption and renewal of solutions [115] - The market for software and services in the social impact community may not grow as expected, potentially limiting the adoption of the company's solutions [119] - Negative media coverage related to peer-to-peer fundraising campaigns could adversely affect user engagement and revenue [131] Financial Performance and Revenue - GAAP revenue for 2024 was $1,155.5 million, representing a 4.5% increase from $1,105.4 million in 2023 [321] - Non-GAAP organic revenue for 2024 was $1,155.5 million, with a growth rate of 5.2% compared to $1,098.0 million in 2023 [321] - Non-GAAP adjusted EBITDA for 2024 was $388.9 million, with a margin of 33.7% [327] - GAAP net loss for 2024 was $283.2 million, compared to a net income of $1.8 million in 2023 [327] - Non-GAAP diluted earnings per share for 2024 was $4.07, up from $3.98 in 2023 [327] - A significant portion of revenue is derived from transaction-based payment processing fees, and a decline in charitable giving could negatively impact these revenues [138] Security and Compliance Issues - The company has received approximately 260 specific requests for reimbursement related to a security incident, with ongoing litigation in U.S. federal courts [150][152] - Compliance with cybersecurity and data protection requirements is expected to be expensive and time-consuming, with potential material liability for non-compliance [154] - The company is subject to various lawsuits and governmental inquiries related to the Security Incident, which may result in additional expenses and liabilities [157][174] - Compliance with Payment Card Industry Data Security Standards (PCI DSS) is critical for the company, as failure to comply may result in fines and harm its reputation [171] - Privacy and data protection concerns may adversely affect demand for the company's software solutions, particularly in light of evolving regulations [185] International Operations and Currency Risks - The company is expanding its international operations, particularly in India, to access talent and increase employee numbers, although it does not expect to generate revenue in India in the foreseeable future [129] - The expansion of international operations has increased exposure to foreign currency exchange rate fluctuations, which could impact financial results [130] - Approximately 14% of total revenue for 2024 was generated from operations outside the U.S., with foreign currency translation increasing total revenue by $3.0 million and income from operations by $1.1 million [376][377] Acquisitions and Impairment - The company has faced challenges in integrating acquisitions, such as the acquisition of EVERFI, Inc., which resulted in a material noncash impairment charge in December 2024 [135] - The company recorded $405.4 million in impairment and disposition charges related to the EVERFI acquisition in 2024 [327] - The divestiture of EVERFI on December 31, 2024, contributed to the decrease in deferred revenue [306] Tax and Regulatory Considerations - The effective income tax rate decreased in 2024 compared to 2023, primarily due to a valuation allowance against U.S. deferred tax assets [313] - The company recorded a valuation allowance against all U.S. deferred tax assets in excess of deferred tax liabilities as of December 31, 2024, due to cumulative pretax losses [310] - The company is subject to periodic audits by domestic and foreign tax authorities, which can impact tax positions [387] Financial Obligations and Capital Management - The company’s total borrowing capacity increased from $1.1 billion to $1.5 billion under the 2024 Credit Facilities [176] - The stock repurchase program was re-initiated in Q4 2023 after a two-year hiatus, but there is no guarantee it will enhance long-term shareholder value [181] - The company repurchased $418.0 million of its common stock in 2024, a significant increase from $18.8 million in 2023 [353] - Total contractual obligations as of December 31, 2024, amounted to $1.581 billion, with $168.7 million due within one year [366] Operational Risks - The company is subject to various operational risks, including cybersecurity threats that could adversely affect its reputation and financial results [145] - The company continues to face risks related to defects or errors in its software, which could lead to significant costs and damage to its reputation [166] - The company’s operations and financial performance may be impacted by climate change and natural disasters, affecting its data centers and business continuity [159]

Blackbaud, Inc. (BLKB) reported fourth-quarter 2024 non-GAAP earnings per share (EPS) of $1.08, which was in line with the Zacks Consensus Estimate. The bottom line decreased 5.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total revenues jumped 2.5% year over year to $302.2 million. The top line missed the Zacks Consensus Estimate by 0.9%.Total recurring revenues (contributed 98% to total revenues) in the reported quarter amounted to $296.2 million, up 3.1% year ...