Blackbaud raises 2025 guidance as Q2 profit rises; GAAP revenue falls 2.1%
Blackbaud reported unaudited second-quarter 2025 results for the period ended June 30, 2025, with GAAP revenue of $281.4 million, down 2.1% from a year earlier, which the company attributed to the divestiture of EVERFI. GAAP net income rose to $26.0 million, and the company raised its full-year 2025 guidance, which matters to shareholders because it signals higher expected earnings and cash flow for the year.
Key points
- Q2 2025 GAAP revenue was $281.4 million, down 2.1%; non-GAAP organic revenue rose 6.8%.
- GAAP diluted EPS was $0.54, up $0.12 per share; non-GAAP diluted EPS was $1.21, up $0.13.
- Full-year 2025 guidance raised: GAAP revenue $1.120 billion to $1.130 billion; non-GAAP EPS $4.30 to $4.50; non-GAAP adjusted free cash flow $190 million to $200 million.
- About $545 million remained under the stock repurchase program as of June 30, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.