Core Viewpoint - Blackbaud has raised its full-year 2025 financial guidance due to strong performance in the first half of the year, demonstrating significant improvement in growth and profitability since 2020 [1][4][2]. Financial Performance - For the second quarter of 2025, GAAP total revenue was $281.4 million, a decrease of 2.1% compared to the same period in 2024, primarily due to the divestiture of EVERFI. Non-GAAP organic revenue increased by 6.8% [6][29]. - GAAP recurring revenue was $275.6 million, down 2.0%, representing 98.0% of total revenue, while non-GAAP organic recurring revenue rose by 6.9% [6][29]. - GAAP income from operations was $56.7 million, with a GAAP operating margin of 20.1%, an increase of 540 basis points. Non-GAAP income from operations was $94.3 million, with a non-GAAP operating margin of 33.5%, an increase of 350 basis points [6][29]. - GAAP net income was $26.0 million, with GAAP diluted earnings per share of $0.54, up $0.12 per share. Non-GAAP net income was $58.2 million, with non-GAAP diluted earnings per share of $1.21, up $0.13 per share [6][29]. - Non-GAAP adjusted EBITDA was $108.5 million, up $5.9 million, with a non-GAAP adjusted EBITDA margin of 38.5%, an increase of 280 basis points [6][29]. Financial Guidance - The company has updated its full-year 2025 financial guidance, projecting GAAP revenue between $1.120 billion and $1.130 billion, non-GAAP adjusted EBITDA margin of 35.4% to 36.2%, and non-GAAP earnings per share of $4.30 to $4.50 [7][8]. - Non-GAAP adjusted free cash flow is expected to be between $190 million and $200 million [8]. Recent Highlights - Blackbaud's Rule of 40 score reached 45.3%, indicating strong operational performance [6][29]. - As of June 30, 2025, the company had approximately $545 million remaining under its common stock repurchase program [10]. Company Overview - Blackbaud is a leading software provider dedicated to powering social impact, serving nonprofit and education sectors, and has raised over $100 billion through its platforms annually [12].

Core Insights - Blackbaud will report its second quarter 2025 financial results on July 30, 2025, before U.S. markets open [1] - A conference call to discuss the financial results will be held at 8:00 a.m. ET on the same day [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 [3] - The company has raised, granted, or managed over $100 billion annually through its platforms, supporting millions of users in over 100 countries [3] - Blackbaud has received recognition from Newsweek, Quartz, and Forbes for its responsible business practices and employee satisfaction [3]

Core Insights - Blackbaud has been recognized as one of the World's Greenest Companies 2025 by Newsweek and Plant-A Insights Group, highlighting its commitment to sustainability and social impact [1][2] - The recognition is based on a comprehensive analysis of sustainability data from over 8,000 companies, with only 750 making the final list, emphasizing Blackbaud's strong environmental performance [2][3] Company Commitment to Sustainability - Blackbaud has a long-standing commitment to sustainability, focusing on reducing greenhouse gas emissions and supporting customers in their sustainability efforts [2][3] - The company has achieved a 90% reduction in global greenhouse gas emissions since 2019, showcasing its dedication to decarbonization [6] Recognition and Awards - In addition to being named one of the World's Greenest Companies, Blackbaud has also been included in Newsweek's America's Most Responsible Companies 2025 and USA Today's America's Climate Leaders 2024 lists [3] - The company's software solutions have facilitated over $100 billion raised, granted, or managed annually, demonstrating its significant impact in the nonprofit and education sectors [4] Operational Scope - Blackbaud operates as a remote-first company with a presence in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, supporting users in over 100 countries [4]

Core Insights - Blackbaud has announced the promotion of Chad Anderson to executive vice president and chief financial officer (CFO), succeeding Tony Boor who served as CFO for 14 years [1][2][3] - Tony Boor will transition to a new role as executive vice president of corporate development and strategy, focusing on long-term value and enterprise-wide strategies [1][2] - Chad Anderson has been with Blackbaud for 12 years and has played a significant role in modernizing the financial organization and driving critical initiatives for the company's future [2][3] Company Overview - Blackbaud is a leading software provider dedicated to powering social impact, serving nonprofit and education sectors, and companies committed to social responsibility [4] - The company has raised, granted, or managed over $100 billion through its platforms annually, supporting millions of users in over 100 countries [4] - Blackbaud has received recognition from Newsweek, Quartz, and Forbes for its responsible business practices and employee satisfaction [4]