Blackbaud, Inc. (BLKB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to Blackbaud's second quarter 2025 earnings conference call. Today's conference is being recorded. I'll now turn the conference over to Tom Barth, Head of Investor Relations. Please go ahead, sir. Good morning, everyone. Thank you for joining us on Blackbaud's second quarter 2025 earnings call. Joining me on the call today are Mike Giannone, Blackbaud's CEO, President, and Vice Chairman, and Chad Anderson, Blackbaud's Executive Vice President and CFO. Mike and Chad will make prepared remarks, and then we will open up the line for your questions. Please note that our comments today contain forward-looking statements subject to risk and uncertainties that could cause actual results to differ materially from those projected. Please refer to our most recent Form 10-K and other SEC filings for more information on those risks. The discussion today will focus on non-GAAP results. Please refer to our press release and the investor materials posted to our website for full details on our financial performance, including GAAP results, as well as full year guidance. We believe that a combination of both GAAP and non-GAAP measures are more representative how we internally measure our business. Unless otherwise specified, we will refer only to non-GAAP financial measures on this call. Please note that the non-GAAP financial measures should not be considered in isolation from or as substitute for GAAP measures. And with that, I'll turn the call over to you, Mike. Thank you, Tom. Good morning, everyone. Over the last several quarters, I've emphasized BlackBaud's significant improvement in growth and profitability since 2020. I'm pleased to say that BlackBaud continues to perform very well through the first half of 2025 with a very strong second quarter across r...