Blackbaud Q4 revenue falls 2.3% to $295.3 million; 2026 guidance issued
Blackbaud reported unaudited fourth-quarter and full-year 2025 results. Revenue fell 2.3% in both periods, mainly due to the divestiture of EVERFI, while GAAP diluted EPS rose sharply from a prior-year loss that included the EVERFI disposition charge. The company also gave 2026 guidance for GAAP revenue of $1.173 billion to $1.179 billion and non-GAAP diluted EPS of $5.15 to $5.25.
Key points
- Q4 2025 GAAP revenue was $295.3 million, down 2.3%; non-GAAP organic revenue rose 4.3%.
- Q4 2025 GAAP diluted EPS was $0.76 versus a loss of $7.06 per share a year earlier; non-GAAP diluted EPS was $1.19, up from $1.07.
- Full-year 2025 GAAP revenue was $1.1 billion, down 2.3%; GAAP diluted EPS was $2.37 and non-GAAP diluted EPS was $4.45.
- 2026 guidance: non-GAAP adjusted EBITDA of $430 million to $438 million and non-GAAP free cash flow of $280 million to $290 million; about $961 million remained under the repurchase program at December 31, 2025.
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 February 10, 2026.
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.