Blackbaud (BLKB) Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 11:51 AM CDT 31 min read

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Wednesday, July 30, 2025 astatine 8 a.m. ET

• President and Chief Executive Officer — Michael P. Gianoni

• Executive Vice President and Chief Financial Officer — Chad M. Anderson

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Michael P. Gianoni: Thank you, Tom. Good morning, everyone. Over the past respective quarters, I've emphasized Blackbaud's important betterment successful maturation and profitability, since 2020. I'm pleased to accidental that Blackbaud continues to execute precise good done the archetypal fractional of 2025 with a precise beardown 2nd 4th crossed revenue, EBITDA, EPS and currency flow. In fact, successful the 2nd quarter, we delivered a Rule of 45, our highest quarterly regularisation of show successful the company's history. In the 2nd quarter, Blackbaud generated gross of $281 million, which is 6.8% integrated maturation year-over-year and adjusted EBITDA borderline of 38.5%, up astir 300 ground points year-over-year and non-GAAP diluted net per stock of $1.21 up 12% year-over-year.

This betterment would person been adjacent higher had we adjusted for EVERFI. These results are a testament to the powerfulness of our people, our merchandise offerings and our presumption arsenic the marketplace person providing the astir broad suite of purpose-built and mission-critical bundle for the societal interaction sector. Our solutions let customers to walk much clip focusing connected what matters to them, making factual improvements successful the satellite done their captious societal interaction work. We stay the premier bundle spouse crossed the societal interaction space.

I'd similar to item 3 circumstantial areas that our absorption squad is focused connected and that contributed to this quarter's results, acquiring caller logos, driving innovation and arsenic such, strengthening our lawsuit relationships done further solutions and renewals and driving higher profitability done operational subject and efficiencies. We proceed to person a beardown absorption connected signing caller logos. Here are a mates of our latest wins and wherefore Blackbaud was the close prime for these organizations. A ample younker improvement enactment sought to regenerate an antiquated tech stack arsenic it prepared to powerfulness its superior engagement campaign. The campaign's halfway intent is to scope 10 cardinal youths successful the adjacent 6 years.

This enactment needed a amended holistic exertion infrastructure to execute its lofty fundraising and alumni engagement goals and supply alteration absorption support. After a elaborate reappraisal of the market, the enactment purchased Raiser's Edge NXT and Data Intelligence. This is simply a beardown endeavor woody successful our nonprofit space. This caller lawsuit was besides precise excited by the caller web effect we are creating by connecting our nonprofit fundraising solutions. In this case, Raiser's Edge NXT to our firm worker engagement solution called YourCause. This connects Blackbaud nonprofit customers to corporations. Nonprofits request volunteers and donors and companies person volunteers and imaginable donors. We are the premier supplier successful some of those spaces.