Blackbaud Q4 revenue rises, beats analyst expectations

Overview

• AI solutions provider's Q4 revenue rose, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

Outlook

• Blackbaud expects 2026 GAAP revenue of $1.173 bln to $1.179 bln

• Company projects 2026 non-GAAP adjusted EBITDA of $430 mln to $438 mln

• Blackbaud forecasts 2026 non-GAAP EPS of $5.15 to $5.25

• Company anticipates 2026 non-GAAP free cash flow of $280 mln to $290 mln

Result Drivers

• DIVESTITURE IMPACT - GAAP revenue declined by 2.3% due to the divestiture of EVERFI, while non-GAAP organic revenue increased by 4.3%

• OPERATING MARGIN GROWTH - GAAP operating margin increased significantly to 20.0%, attributed to strategic initiatives and cost management

• AI INNOVATION - Partnership with Anthropic and AI-powered innovations are expected to drive future growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Blackbaud Inc is $75.00, about 55.4% above its February 9 closing price of $48.25

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn9nf7kGa

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