Slide 1: Blackbaud Announces 2026 Second Quarter Results
PRESS RELEASE Blackbaud Announces 2026 Second Quarter Results Company Expects to Finish Fiscal Year 2026 in the Upper Half of Financial Guidance Ranges Charleston, S.C. (July 29, 2026) — Blackbaud (NASDAQ: BLKB), the world's leading provider of AI- powered solutions for social impact, today announce
Slide 2: Recent Company Highlights
"We again executed well against our operating plan while investing in innovation and efficiency across the business," said Chad Anderson, executive vice president and CFO, Blackbaud. "We're building the foundation for substantial shareholder value, supported by an attractive financial model and stea
Slide 3: Financial Outlook
Financial Outlook Blackbaud today reaffirmed its 2026 full year financial guidance and expects to finish in the upper half of the range across all four key metrics: • GAAP revenue of $1.173 billion to $1.179 billion • Non-GAAP adjusted EBITDA of $430 million to $438 million • Non-GAAP diluted earnin
Slide 4: About Blackbaud and Forward-Looking Statements
workflows, and the most powerful impact network, Blackbaud's solutions are building a future where resources are unleashed at the speed of need. Blackbaud has been recognized by Fast Company, Newsweek, Quartz, Forbes and more for AI innovation, responsible leadership and workplace excellence. Blackb
Slide 5: Non-GAAP Financial Measures
The non-GAAP financial measures discussed above exclude the impact of certain transactions that Blackbaud believes are not directly related to its operating performance in any particular period, but are for its long-term benefit over multiple periods. Blackbaud believes these non-GAAP financial meas
Slide 6: Consolidated Balance Sheets
Blackbaud, Inc. Consolidated Balance Sheets (Unaudited) June 30, December 31, (dollars in thousands, except per share amounts) 2026 2025 Assets Current assets: Cash and cash equivalents $ 34,388 $ 38,914 Restricted cash 846,620 720,061 Accounts receivable, net of allowance of $6,672 and $5,876 at Ju
Slide 7: Consolidated Statements of Comprehensive Income
Blackbaud, Inc. Consolidated Statements of Comprehensive Income (Unaudited) Three months ended Six months ended June 30, June 30, (dollars in thousands, except per share amounts) 2026 2025 2026 2025 Revenue $ 290,597 $ 282,030 $ 571,737 $ 551,966 Cost of revenue 112,434 113,633 227,015 228,448 Gross
Slide 8: Consolidated Statements of Cash Flows
Blackbaud, Inc. Consolidated Statements of Cash Flows (Unaudited) Six months ended June 30, (dollars in thousands) 2026 2025 Cash flows from operating activities Net income $ 66,497 $ 30,789 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortizati
Slide 9: Reconciliation of GAAP to Non-GAAP Financial Measures
Blackbaud, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three months ended Six months ended June 30, June 30, (dollars in thousands, except per share amounts) 2026 2025 2026 2025 GAAP Revenue $ 290,597 $ 282,030 $ 571,737 $ 551,966 GAAP gross profit $ 178,163 $ 168,397 $ 34
Slide 10: Reconciliation of GAAP to Non-GAAP Financial Measures
Blackbaud, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three months ended Six months ended June 30, June 30, (dollars in thousands) 2026 2025 2026 2025 GAAP revenue $ 290,597 $ 282,030 $ 571,737 $ 551,966 GAAP revenue growth 3.0 % 3.6 % Less: Non-GAAP revenue from divested
Slide 11: Reconciliation of GAAP to Non-GAAP Financial Measures
Blackbaud, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three months ended Six months ended June 30, June 30, (dollars in thousands) 2026 2025 2026 2025 GAAP net income $ 35,358 $ 26,466 $ 66,497 $ 30,789 Non-GAAP adjustments: Add: Interest, net 15,652 16,443 30,009 31,733