Blackbaud Q3 GAAP revenue falls 1.9% to $281.1 million; diluted EPS rises to $0.98
Blackbaud reported unaudited third-quarter 2025 results for the period ended September 30, 2025. GAAP revenue fell 1.9% to $281.1 million, mainly due to the divestiture of EVERFI, while GAAP net income rose to $47.5 million from $18.3 million. The company reiterated its full-year 2025 revenue and EPS guidance and raised its adjusted free cash flow guidance to $195 million to $205 million.
Key points
- GAAP diluted EPS was $0.98 versus $0.35 a year earlier; non-GAAP diluted EPS was $1.10 versus $0.99.
- Non-GAAP organic revenue increased 5.2%; GAAP revenue declined 1.9% with the EVERFI divestiture cited as the driver.
- Full-year 2025 guidance: GAAP revenue of $1.120 billion to $1.130 billion and non-GAAP diluted EPS of $4.30 to $4.50, both reiterated.
- Adjusted free cash flow guidance was raised to $195 million to $205 million; about $514 million remained under the buyback program as of September 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 October 29, 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.