Blackbaud Q1 GAAP revenue falls 3.1% to $270.7 million; 2025 guidance reaffirmed
Blackbaud reported unaudited first-quarter 2025 results for the period ended March 31, 2025, with GAAP revenue of $270.7 million, down 3.1% mainly due to the divestiture of EVERFI, while non-GAAP organic revenue rose 5.8%. GAAP diluted earnings per share were $0.10, unchanged from a year earlier, and operating cash flow fell to $1.4 million. The company reaffirmed its full-year 2025 guidance, including GAAP revenue of $1.115 billion to $1.125 billion.
Key points
- GAAP revenue was $270.7 million, down 3.1%; non-GAAP organic revenue increased 5.8%.
- GAAP net income was $4.9 million, with GAAP diluted EPS of $0.10, unchanged from prior year; non-GAAP diluted EPS was $0.96, up $0.03.
- GAAP net cash provided by operating activities was $1.4 million, a decrease of $63.2 million, driven primarily by one-time or unusual items.
- Full-year 2025 guidance was reaffirmed, including non-GAAP earnings per share of $4.16 to $4.35.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.