earnings
confidence high
sentiment positive
materiality 0.70
Blackbaud Q1 2025: GAAP revenue $270.7M, non-GAAP organic revenue +5.8%; reiterates FY2025 guidance
BLACKBAUD INC
2025-Q1 EPS reported
$0.10
revenue$270,661,000
- GAAP total revenue $270.7M (-3.1% YoY from EVERFI divestiture); non-GAAP organic revenue +5.8%.
- GAAP diluted EPS $0.10 (unchanged); non-GAAP diluted EPS $0.96 (+$0.03 YoY).
- Non-GAAP adjusted EBITDA $92.8M, margin 34.3% (+250 bps YoY).
- GAAP operating cash flow $1.4M (margin 0.5%); free cash flow negative $(12.3)M due to one-time items (DC lease payment, vendor payment timing).
- Repurchased ~4% of common stock in Q1; reaffirmed FY2025 financial guidance.