Revenue Performance - GAAP total revenue for Q4 2024 was $302.2 million, up 2.4% year-over-year, while non-GAAP organic revenue increased by 3.2%[6] - For the full year 2024, GAAP total revenue was $1.2 billion, up 4.5%, with non-GAAP organic revenue increasing by 5.2%[10] - Total revenue for Q4 2024 was $302.232 million, a slight increase from $295.011 million in Q4 2023, representing a year-over-year growth of 0.4%[31] - Recurring revenue for the year ended December 31, 2024, reached $1.129 billion, up from $1.072 billion in 2023, indicating a growth of approximately 5.4%[31] - GAAP revenue for Q4 2024 was $302,232 thousand, representing a 2.4% increase from $295,011 thousand in Q4 2023[40] - Non-GAAP organic revenue for Q4 2024 was $302,232 thousand, with a growth rate of 3.2% compared to $292,798 thousand in Q4 2023[40] Profitability and Loss - GAAP net loss for Q4 2024 was $330.8 million, including pre-tax EVERFI impairment charges of $405.4 million, resulting in a diluted loss per share of $6.74[6] - The company reported a net loss of $330.764 million for Q4 2024, compared to a net income of $5.399 million in Q4 2023, reflecting a significant decline in profitability[31] - Non-GAAP net income for the year ended December 31, 2024, was $210,671 thousand, slightly down from $213,631 thousand in 2023[40] - GAAP net loss for Q4 2024 was $(330,764) thousand, compared to a net income of $5,399 thousand in Q4 2023[40] Operating Metrics - GAAP recurring revenue reached $296.2 million, representing 98% of total revenue, with a 3.1% increase compared to Q4 2023[6] - Non-GAAP adjusted EBITDA for Q4 2024 was $102.2 million, reflecting a margin of 33.8%, an increase of 20 basis points[6] - The company achieved a GAAP operating cash flow margin of 24.3% in Q4 2024, an increase of 2,540 basis points year-over-year[6] - Non-GAAP adjusted EBITDA for Q4 2024 was $102,242, reflecting a margin of 33.8%, slightly up from 33.7% in Q4 2023[45] - The company reported a GAAP operating cash flow margin of 25.6% for the year 2024, an increase from 18.1% in 2023[51] Cash Flow and Expenses - Blackbaud's non-GAAP adjusted free cash flow for 2025 is anticipated to be between $185 million to $195 million[13] - Cash and cash equivalents increased to $67.628 million as of December 31, 2024, from $31.251 million at the end of 2023, marking a growth of 116.4%[29] - Operating expenses surged to $531.505 million in Q4 2024, compared to $126.862 million in Q4 2023, primarily due to the $405.360 million expense related to the EVERFI disposition[31] - Non-GAAP free cash flow for the year ended December 31, 2024, was $228,768, with a margin of 19.8%, compared to $135,506 and 12.3% in 2023[51] Future Guidance and Plans - Blackbaud plans to repurchase 3% to 5% of its total outstanding shares in 2025, following a 10% repurchase in 2024[7] - Blackbaud's 2025 financial guidance includes expected GAAP revenue of $1.115 billion to $1.125 billion, with organic revenue growth projected at 4.5% to 5.4%[13] - Non-GAAP net income for 2025 is projected to be $210.7 million, with diluted earnings per share expected to be $4.07, an increase of $0.09[13] Balance Sheet and Liabilities - Total assets decreased to $2.496 billion in 2024 from $2.912 billion in 2023, a decline of approximately 14.3%[29] - The company's total liabilities increased to $2.354 billion in 2024, up from $2.104 billion in 2023, representing a rise of about 11.9%[29] Key Performance Indicators - The Rule of 40 metric, which combines non-GAAP organic revenue growth and adjusted EBITDA margin, is a key performance indicator for evaluating the company's financial health[26] - The Rule of 40 metric for Q4 2024 was 37.0%, down from 38.9% in Q4 2023[45]

Core Insights - Blackbaud reported significant improvements in its financial model over the past five years, with a focus on revenue growth, cash flows, and operational efficiency, aiming to become a Rule of 45 company by 2030 [2][4] Financial Performance - For Q4 2024, GAAP total revenue was $302.2 million, a 2.4% increase from Q4 2023, while non-GAAP organic revenue rose by 3.2% [7] - Full-year 2024 GAAP total revenue reached $1.2 billion, up 4.5%, with non-GAAP organic revenue increasing by 5.2% [11] - GAAP recurring revenue for 2024 was $1.1 billion, representing 98% of total revenue, with a 5.4% increase year-over-year [11] - The company reported a GAAP net loss of $330.8 million for 2024, primarily due to impairment and disposition charges related to EVERFI [7][11] Cash Flow and Stock Repurchase - GAAP net cash provided by operating activities was $73.6 million for Q4 2024, an increase of $76.9 million compared to the previous year [7] - Non-GAAP free cash flow for 2024 was $228.8 million, up $93.3 million from 2023 [11] - The company repurchased 10% of its outstanding stock in 2024 and plans to buy back an additional 3% to 5% in 2025 [4][12] Future Guidance - For 2025, Blackbaud expects GAAP revenue between $1.115 billion and $1.125 billion, with organic revenue growth projected at 4.5% to 5.4% [11] - Non-GAAP adjusted EBITDA margin is anticipated to be between 34.9% and 35.9% for 2025 [11] Company Highlights - Blackbaud has divested from EVERFI and resolved most of its outstanding security litigation, allowing it to focus on enhancing customer solutions [4] - The company emphasizes its commitment to social impact and operational efficiency as key drivers for future growth [2][4]

Hundreds of Thousands of U.S. Charities Can Now Receive Cryptocurrency Donations through JustGivingCHARLESTON, S.C., Feb. 12, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that it is enabling cryptocurrency donations to U.S. nonprofits through its JustGiving platform for peer-to-peer fundraising.Cryptocurrency donations are already seamlessly integrated into all JustGiving fundraising pages in the U.K., and this feature is now ext ...

CHARLESTON, S.C., Feb. 5, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its fourth quarter 2024 financial results on Tuesday, February 18, before the U.S. financial markets open for trading. In conjunction with this announcement, Blackbaud will host a conference call at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Fourth Quarter 2024 Financial Results Conference Call Date: Tuesday, February 18, 20 ...

Members Bring Deep Expertise on the Needs of the K–12 Independent School Market and Advise on Technology Development CHARLESTON, S.C., Feb. 5, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has welcomed a new executive director and new members to its K–12 Executive Advisory Board, which gathers leaders from prominent K–12 independent schools across the U.S. and Canada to offer their expertise on the needs of the sector. The 19 members on the curre ...

Blackbaud, Inc. (BLKB) has collaborated with True Impact, a platform that helps organizations measure the real outcomes of their donations, volunteer work and other contributions. This partnership introduces a unique integration between True Impact and Blackbaud Impact Edge, an artificial intelligence (AI)-powered tool for social impact reporting and storytelling designed for YourCause corporate clients.YourCause acquisition in January 2019 enabled Blackbaud to boost the renewal of cloud solution contracts ...

Multi-Year Gift Will Help Strengthen Communities' Ability to Withstand Disaster and Recover Equitably CHARLESTON, S.C., Jan. 29, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that its 2025 annual major gift will support the Center for Disaster Philanthropy (CDP), a nonprofit organization that helps individuals, foundations and corporations increase the effectiveness of their philanthropic response to disasters and humanitarian cri ...

Core Viewpoint - Blackbaud has announced a partnership with True Impact to integrate social impact measurement data into its Impact Edge platform, enhancing the ability of companies to assess and report on their corporate social responsibility (CSR) initiatives in real-time [1][2][5] Company Overview - Blackbaud is a leading provider of software dedicated to social impact, serving various sectors including nonprofits and education, with over $100 billion raised or managed annually through its platforms [8] - True Impact is a Public Benefit Corporation that assists companies in measuring and maximizing the social impact of their philanthropic efforts, having supported thousands of funders and nonprofits over 20 years [9] Integration Details - The integration will allow Blackbaud's YourCause corporate clients to access predictive, outcome-based impact data, shifting from static reporting to real-time intelligence [1][3] - This collaboration aims to provide a comprehensive, user-friendly solution for CSR reporting, enabling companies to embed impact data into their daily workflows [5][6] Key Features - Outcome-Based Impact Measurement: Companies can quantify philanthropic investments with precision using True Impact's measurement results integrated into Impact Edge [6] - Real-Time Impact Insights: AI-powered dashboards will visualize the actual results of donations, grants, and volunteerism tailored to CSR leaders' needs [6] - Predictive Impact Forecasting: Organizations can plan smarter investments by projecting social outcomes based on established benchmarks [6] - Integrated Storytelling Tools: The platform will help transform data into compelling narratives aligned with corporate goals [6] Market Impact - The partnership is expected to redefine CSR reporting, providing enhanced accountability and transparency, and aligning with stakeholder expectations through credible, outcome-driven reports [2][3]

Program Overview - Blackbaud's Social Good Startup Program supports startups focused on social impact and underrepresented founders in the tech industry [1] - The program has a 92% success rate, with 71 out of 77 startups still operating, compared to the industry average of less than 50% success rate [2] - Participants receive access to Blackbaud resources, marketing opportunities, and non-dilutive grant funding, with tailored growth plans for each company [5] New Cohort Announcement - The January 2025 cohort includes nine innovative startups focused on social impact technology [2][9] - Startups will participate in the annual Blackbaud Social Good Startup Showcase and the tech conference in Philadelphia [3] Startup Highlights - Altruify: A philanthropy management digital marketplace with patented "Donate-Through-Data" technology [6] - Boost My School: A fundraising platform for K-12 schools serving over 150 advancement teams in the US [6] - Collective: A mobile platform connecting mission-driven organizations with local communities [6] - Connect To Give: A suite of solutions for securing multi-year contributions for educational institutions [6] - Daffodil: A network unlocking donor-advised funds by matching donors with nonprofits [6] - KarmaSuite: A tool helping nonprofit finance teams manage restricted grants [6] - Mentor Spaces: A platform for launching or scaling career mentorship programs, unlocking over $1B in corporate volunteer grants [6] - Pledge: An AI-powered platform facilitating over $150M in donations for 50,000+ charities in 100+ countries [6] - Revere Software: A SaaS platform for corporate employee skills-based volunteering programs [6][10] Program Impact - Since its launch in 2020, the program has supported 77 startups, which collectively raised over $220M in funding and contributed 30+ new solutions to the Blackbaud Marketplace [2] - The program enhances value for Blackbaud customers by integrating innovative solutions with Blackbaud products [6] Company Background - Blackbaud is the leading software provider dedicated to powering social impact, serving nonprofits, education sectors, and socially responsible companies [11] - The company supports millions of users and manages over $100B annually through its platforms [11]

Core Message - Blackbaud Inc (BLKB) has launched Optimized Donation Forms for Raiser's Edge NXT users in Australia and New Zealand, extending its donation solutions to a wider global audience [1][3] - The company aims to support nonprofits in increasing donations, enhancing donor experiences, and streamlining administrative processes through its donation forms [2][3] - Blackbaud's new donation forms have already shown impressive results for US customers, with a 10% growth in conversion rates and a 61% rise in average donation amounts [6] Product Features - Blackbaud Optimized Donation Forms minimize decision-making, improve donor experience, and boost click-to-donation-conversion rates [4] - These mobile-first forms integrate seamlessly into websites, allowing direct payments without additional web pages, and can be customized with images and mission statements [4] - Standard Donation Forms are ideal for targeted campaigns requiring additional data collection, offering full customization and a Recurring Gift Upsell feature to retain donors [5] Strategic Partnerships and Growth - Blackbaud has expanded its partnership with Microsoft to incorporate Microsoft AI and analytics into its software, eliminating the need for expensive customizations [9] - The company partnered with Flywire Corporation to improve the payment experience for international students paying tuition fees at US K-12 private and independent schools [8] - The social sector contributed 89% to the company's third-quarter revenues, marking a 6.6% year-over-year rise, with contractual recurring revenues growing 6.8% and transactional recurring revenues rising 6.6% [9] Challenges and Divestitures - Blackbaud has faced slow growth due to challenges in its EVERFI business and weak performance in the corporate sector [10] - The company officially announced the sale of its EVERFI business to an independent private investment firm, finalizing the transaction on Dec 31, 2024, for a nominal amount [10] Stock Performance and Industry Comparison - Blackbaud currently carries a Zacks Rank 3 (Hold), with its shares declining 9.4% over the past year against the industry's growth of 11.1% [11] - Better-ranked stocks in the broader technology space include Ubiquiti Inc (UI), InterDigital Inc (IDCC), and RADCOM Ltd (RDCM), with UI and IDCC sporting a Zacks Rank 1 (Strong Buy) and RDCM carrying a Zacks Rank 2 (Buy) [12][13][14][15]