Blackbaud, Inc. (BLKB) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.895 Good day, and welcome to Blackbaud's second quarter 2025 earnings conference call. 00:00:04.895 -- 00:00:09.540 Today's conference is being recorded. I'll now turn the conference over to Tom Barth, 00:00:09.540 -- 00:00:13.183 Head of Investor Relations. Please go ahead, sir. 00:00:13.183 -- 00:00:19.149 Good morning, everyone. Thank you for joining us on Blackbaud's second quarter 2025 earnings 00:00:19.149 -- 00:00:24.253 call. Joining me on the call today are Mike Giannone, Blackbaud's CEO, President, and 00:00:24.253 -- 00:00:30.170 Vice Chairman, and Chad Anderson, Blackbaud's Executive Vice President and CFO. 00:00:30.170 -- 00:00:34.155 Mike and Chad will make prepared remarks, and then we will open up the line for your 00:00:34.155 -- 00:00:35.737 questions. 00:00:35.737 -- 00:00:40.103 Please note that our comments today contain forward-looking statements subject to risk 00:00:40.103 -- 00:00:45.470 and uncertainties that could cause actual results to differ materially from those projected. 00:00:45.470 -- 00:00:51.157 Please refer to our most recent Form 10-K and other SEC filings for more information 00:00:51.157 -- 00:00:53.020 on those risks. 00:00:53.020 -- 00:00:56.404 The discussion today will focus on non-GAAP results. 00:00:56.404 -- 00:01:01.407 Please refer to our press release and the investor materials posted to our website 00:01:01.407 -- 00:01:06.575 for full details on our financial performance, including GAAP results, as well 00:01:06.575 -- 00:01:11.643 as full year guidance. We believe that a combination of both GAAP and non-GAAP 00:01:11.643 -- 00:01:16.410 measures are more representative how we internally measure our business. 00:01:16.410 -- 00:01:21.498 Unless otherwise specified, we will refer only...