Blackbaud, Inc. (BLKB)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Blackbaud, Inc. (BLKB) trades at $29.56 with AI Score 63/100 (Grade B+). Blackbaud, Inc. is a leading provider of cloud software solutions for nonprofits and social good organizations. Market cap: $1.36B, Sector: Technology.
Price live · AI analysis from May 7, 2026BLKB stock analysis for 2026: Analysts have set a consensus price target of $56.25 for Blackbaud, Inc., suggesting 90.3% upside from the current price of $29.56. The AI MoonshotScore is 63/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
BLKB: 1/1 perspectives are bullish.
How is this calculated? →Blackbaud, Inc. (BLKB) Technology Profile & Competitive Position
Blackbaud, Inc. delivers cloud-based software solutions tailored for nonprofits, educational institutions, and social good entities, offering tools for fundraising, CRM, and financial management. With a focus on the social sector, Blackbaud distinguishes itself through specialized solutions and a deep understanding of its clients' unique needs.
What Is the Investment Thesis for BLKB?
Blackbaud presents a compelling investment case based on its established position in the nonprofit software market and its transition to cloud-based solutions. The company's recurring revenue model, driven by subscription-based offerings, provides stability and predictability. Blackbaud's focus on the social good sector offers a niche market with specific needs, differentiating it from broader software providers. The company's current P/E ratio of 10.0, combined with a profit margin of 12.4% and free cash flow of $0.23 billion, suggests potential for value appreciation. Growth catalysts include expanding its product offerings and increasing market penetration within its target sectors. Potential risks include competition from other software providers and the need to continually innovate to meet evolving customer needs.
Based on FMP financials and quantitative analysis
BLKB Key Highlights
- Market Cap of $1.36B reflects Blackbaud's significant presence in the nonprofit software market.
- P/E Ratio of 10.0 indicates a potentially undervalued stock relative to its earnings.
- Profit Margin of 12.4% demonstrates the company's ability to generate profit from its revenue.
- Gross Margin of 59.2% highlights the efficiency of Blackbaud's software solutions and service delivery.
- Free Cash Flow of $0.23B indicates strong financial health and the ability to reinvest in growth initiatives.
Who Are BLKB's Competitors?
BLKB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| YOU Clear Secure, Inc. | $56.82 | +5.63% | $5.72B | 90 |
| KC Kingsoft Cloud Holdings Limited | $9.12 | +0.22% | $2.70B | — |
| RUM Rumble Inc. | $6.43 | +4.37% | $2.79B | — |
| NOW ServiceNow, Inc. | $108.69 | +2.23% | $112.09B | 71 |
| RSASF RESAAS Services Inc. | $0.30 | +2.76% | $25.04M | 69 |
| PDFS PDF Solutions, Inc. | $59.18 | -11.51% | $2.44B | 68 |
| CSAI Cloudastructure Inc. | $0.36 | +0.47% | $6.84M | 68 |
| XM Qualtrics International Inc. | $18.15 | +0.06% | $11.01B | 63 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BLKB's Key Strengths?
- Strong market position in the nonprofit software sector.
- Comprehensive suite of integrated solutions.
- Recurring revenue model from subscription-based offerings.
- Established customer base and long-term relationships.
What Are BLKB's Weaknesses?
- Reliance on the social good sector, which can be sensitive to economic downturns.
- Potential for slower growth compared to broader software markets.
- Need to continually innovate to meet evolving customer needs.
- Dependence on direct sales force for customer acquisition.
What Could Drive BLKB Stock Higher?
- Continued adoption of cloud-based solutions by nonprofits.
- Launch of new software features and integrations.
- Expansion of Blackbaud's international presence.
- Strategic partnerships with other technology providers.
- Increasing demand for data analytics and insights within the social good sector.
What Are the Key Risks for BLKB?
- Financial-distress signal — its Altman Z-Score of 1.20 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns impacting nonprofit funding.
- Competition from other software providers.
- Cybersecurity threats and data breaches.
- Changes in government regulations affecting the nonprofit sector.
- Integration challenges from strategic acquisitions.
What Are the Growth Opportunities for BLKB?
- Expanding Cloud-Based Solutions: Blackbaud can capitalize on the increasing demand for cloud-based solutions within the nonprofit sector. By further developing and promoting its cloud offerings, such as Blackbaud Raiser's Edge NXT and Blackbaud Financial Edge NXT, the company can attract new customers and drive revenue growth. The market for cloud-based nonprofit software is projected to reach billions of dollars in the coming years, presenting a significant opportunity for Blackbaud.
- Increasing Market Penetration: Blackbaud has the opportunity to increase its market penetration within its existing target sectors, including higher education, K-12 schools, healthcare organizations, and faith communities. By expanding its sales and marketing efforts and focusing on customer acquisition, the company can grow its customer base and increase its market share. This growth opportunity is ongoing and can be realized through targeted marketing campaigns and strategic partnerships.
- Cross-Selling and Upselling: Blackbaud can leverage its existing customer relationships to drive growth through cross-selling and upselling. By offering additional solutions and services to its current customers, the company can increase its revenue per customer and improve customer retention. This strategy can be implemented immediately and offers a cost-effective way to drive growth.
- Strategic Acquisitions: Blackbaud can pursue strategic acquisitions to expand its product offerings, enter new markets, and gain access to new technologies. By acquiring complementary businesses, the company can strengthen its competitive position and accelerate its growth. This growth opportunity is ongoing and requires careful evaluation of potential acquisition targets.
- International Expansion: Blackbaud has the opportunity to expand its international presence and serve a broader customer base. By entering new geographic markets, the company can tap into new revenue streams and diversify its business. This expansion requires careful planning and execution, but it offers a significant long-term growth opportunity.
What Opportunities Does BLKB Have?
- Expanding cloud-based solutions and increasing market penetration.
- Cross-selling and upselling to existing customers.
- Strategic acquisitions to expand product offerings and enter new markets.
- International expansion to serve a broader customer base.
What Threats Does BLKB Face?
- Competition from other software providers.
- Changes in government regulations affecting the nonprofit sector.
- Economic downturns impacting nonprofit funding and spending.
- Cybersecurity threats and data breaches.
What Are BLKB's Competitive Advantages?
- Specialized expertise in the social good sector.
- Comprehensive suite of integrated solutions.
- Established customer base and long-term relationships.
- Proprietary technology and intellectual property.
- Strong brand reputation within the nonprofit community.
What Does BLKB Do?
Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud, Inc. has evolved into a prominent provider of cloud software solutions for organizations in the social good sector. The company's mission is to empower nonprofits, educational institutions, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents to drive impact. Blackbaud's comprehensive suite of solutions includes fundraising and relationship management tools like Blackbaud Raiser's Edge NXT and Blackbaud CRM, marketing and engagement solutions such as Blackbaud Luminate Online, and financial management solutions including Blackbaud Financial Edge NXT. The company also offers grant and award management, organizational and program management, and social responsibility solutions. Blackbaud serves a diverse customer base across the United States and internationally, offering solutions through a direct sales force. With a history spanning over four decades, Blackbaud has established itself as a key technology partner for organizations striving to make a difference in the world.
What Products and Services Does BLKB Offer?
- Provides cloud-based fundraising and relationship management software.
- Offers marketing and engagement solutions for nonprofits.
- Delivers financial management software tailored for social good organizations.
- Provides grant and award management solutions.
- Offers organizational and program management tools.
- Provides social responsibility solutions for corporate giving.
- Facilitates payment processing through Blackbaud Merchant Services.
- Offers data enrichment and analytics services.
How Does BLKB Make Money?
- Subscription-based revenue from cloud software solutions.
- Fees from payment processing services.
- Revenue from professional services, including implementation and training.
- Sales of software licenses and related services.
What Industry Does BLKB Operate In?
Blackbaud operates within the application software industry, catering specifically to the social good sector. This sector is experiencing increasing demand for cloud-based solutions that can streamline operations, enhance fundraising efforts, and improve donor engagement. The market is competitive, with various players offering software solutions for nonprofits. Blackbaud differentiates itself through its comprehensive suite of solutions tailored to the unique needs of this sector. The company's established presence and deep understanding of the social good market position it favorably within the industry.
Who Are BLKB's Key Customers?
- Higher education institutions
- K-12 schools
- Healthcare organizations
- Faith communities
- Arts and cultural organizations
- Foundations
- Companies
Blackbaud, Inc. (BLKB) Valuation Context
Valued at $1.36B, BLKB is classified as a small-cap stock. Relative to its peer group, BLKB's quantitative score of 63/100 is below the peer average of 77/100.
BLKB Revenue & Earnings Trend
In Q1 2026, BLKB generated $281.1M in top-line revenue, marking a sequential decrease of 4.8%. The company recorded net income of $31.1M, with diluted EPS of $0.67. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Technology. Across the four most recent quarters, BLKB averaged $0.74 in diluted EPS.
Company Profile
Blackbaud, Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Charleston, US. The company is led by CEO Michael Gianoni. BLKB has traded publicly since 2004.
ROE 179%Key Financial Metrics
Return on equity for Blackbaud, Inc. stands at 179.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 6.7%, showing how much profit it generates from its asset base. BLKB trades at a trailing price-to-earnings ratio of 10.00, below the Technology sector average of ~38x. Its free cash flow yield is 21.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.74 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 10.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 9/9Financial Health
Blackbaud, Inc.'s Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.20 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Blackbaud, Inc. revenue of about $1.18B for fiscal 2026, with EPS near $5.20. The estimate reflects 4 contributing analysts.
BLKB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Blackbaud's future, indicating that those closest to the company believe in its potential.
- Community sentiment has shifted positively, with discussions highlighting the company's commitment to social good, resonating well with socially conscious investors.
- Recent product innovations and enhancements have been well-received, positioning Blackbaud favorably in the nonprofit sector.
- The company's strategic partnerships have expanded its reach, creating optimism about future growth opportunities.
Bear Case
- Concerns about the overall economic environment may impact nonprofit spending, which could affect Blackbaud's revenue streams.
- Some community members express skepticism regarding the company's ability to scale its offerings amidst increasing competition in the tech for good space.
- Recent earnings reports have shown mixed results, leading to uncertainty about the sustainability of growth moving forward.
- There are lingering doubts about the company's long-term profitability given its historical volatility and reliance on a niche market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $281M | $31M | $0.67 |
| Q4 2025 | $295M | $37M | $0.76 |
| Q3 2025 | $281M | $47M | $0.98 |
| Q2 2025 | $281M | $26M | $0.54 |
Based on FMP financials and quantitative analysis
BLKB Latest News
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Marvell Technology, Flex Join S&P 500 in Reshuffling of More Than 20 Companies
MT Newswires · Jun 8, 2026
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Shares of software companies are trading lower amid valuation concerns after the sector's steep May rally. Also, questions may persist about the ability of legacy software firms to profitably integrate AI platforms.
Benzinga · Jun 3, 2026
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Shares of software companies are down as the sector sells off from its recent strength. Software may be falling in response to Alphabet's announcement that it is raising $80 billion to fund its AI plans, renewing AI-related concerns that weigh down the industry.
Benzinga · Jun 2, 2026
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Blackbaud Inc. (BLKB)’s First Quarter Results and Guidance Assert Strong Growth Momentum
Yahoo! Finance: BLKB News · May 8, 2026
BLKB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BLKB.
Price Targets
Consensus target: $56.25
BLKB MoonshotScore
What does this score mean?
The MoonshotScore rates BLKB's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Marvell Technology, Flex Join S&P 500 in Reshuffling of More Than 20 Companies
Shares of software companies are trading lower amid valuation concerns after the sector's steep May rally. Also, questions may persist about the ability of legacy software firms to profitably integrate AI platforms.
Shares of software companies are down as the sector sells off from its recent strength. Software may be falling in response to Alphabet's announcement that it is raising $80 billion to fund its AI plans, renewing AI-related concerns that weigh down the industry.
Blackbaud Inc. (BLKB)’s First Quarter Results and Guidance Assert Strong Growth Momentum
Latest Blackbaud, Inc. Analysis
Leadership: Michael Gianoni
CEO
Michael Gianoni serves as the CEO of Blackbaud, bringing extensive experience in technology and leadership to the company. Prior to Blackbaud, Gianoni held leadership positions at various technology companies, demonstrating a track record of driving growth and innovation. His expertise spans software development, cloud computing, and business strategy. Gianoni's leadership is focused on empowering the social good community through technology.
Track Record: Under Michael Gianoni's leadership, Blackbaud has focused on expanding its cloud-based solutions and increasing its market share within the nonprofit sector. He has overseen the launch of new products and services, as well as strategic acquisitions to strengthen the company's competitive position. Gianoni's tenure has been marked by a commitment to innovation and customer satisfaction.
What Investors Ask About Blackbaud, Inc. (BLKB) — Technology
What does Blackbaud, Inc. do?
Blackbaud, Inc. provides cloud-based software solutions and related services specifically designed for nonprofit organizations, educational institutions, healthcare providers, and other social good entities. These solutions help organizations manage fundraising, marketing, financial operations, and overall organizational management. Blackbaud's products include fundraising software, CRM systems, financial management tools, and data analytics services, all tailored to the unique needs of the social sector. The company's mission is to empower organizations to drive greater impact through technology.
What do analysts say about BLKB stock?
Analyst coverage of Blackbaud (BLKB) typically focuses on the company's growth prospects within the nonprofit software market, its transition to cloud-based solutions, and its recurring revenue model. Key valuation metrics include the company's P/E ratio, profit margin, and free cash flow. Analysts often consider Blackbaud's competitive position, its ability to innovate, and its exposure to economic cycles. Consensus estimates may vary depending on individual analysts' perspectives and methodologies. It is important to consult multiple sources and conduct independent research before making any investment decisions.
What are the main risks for BLKB?
Blackbaud faces several key risks, including economic downturns that could impact nonprofit funding, competition from other software providers, cybersecurity threats and data breaches, changes in government regulations affecting the nonprofit sector, and integration challenges from strategic acquisitions. The company's reliance on the social good sector makes it vulnerable to fluctuations in philanthropic giving and government support. Competition from larger software companies and specialized vendors could erode Blackbaud's market share. Cybersecurity risks pose a significant threat to the company's reputation and financial performance. Changes in regulations could impact the way nonprofits operate and use technology. Successfully integrating acquired businesses is crucial for realizing the benefits of strategic acquisitions.
What are the key factors to evaluate for BLKB?
Blackbaud, Inc. (BLKB) holds an AI score of 63/100 (moderate). P/E: 10.0x vs the S&P 500's ~20-25x. Analysts target $56.25 (+90%). Not financial advice.
How frequently does BLKB data refresh on this page?
BLKB prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BLKB's recent stock price performance?
Blackbaud, Inc. (BLKB) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in the nonprofit software sector. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BLKB overvalued or undervalued right now?
Blackbaud, Inc. (BLKB) trades at 10.0x earnings. Analysts target $56.25 (+90%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying BLKB?
Before investing in Blackbaud, Inc. (BLKB), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Investment decisions should be based on individual risk tolerance and financial circumstances.