BLKB
Blackbaud, Inc.

Blackbaud, Inc.BLKB

Technology · Software - Application
41.76USD
-1.86%
Oct 05, 2026
BLKB overview ready
Blackbaud is a purpose-built vertical-software provider for social-impact organizations, monetizing recurring cloud subscriptions and payment-related services across fundraising CRM, digital giving, financial management, grantmaking, education administration, analytics, and AI-enabled workflows.
Narrative is still early
Exposed to the Digital Modernization of Social-Impact Organizations narrative through AI-Enabled Nonprofit Fundraising and Operations — pure play.
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The setup is constructive, but the underlying structure is still poor.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on continued adoption of digital fundraising and financial management tools.
Market Oct 2Filing Jun 30Price action Oct 4Research Oct 2

Conviction Level

NarrativeHeat3.5ThemeHeat5.7PriceAction6.9Valuation7.1CompanyPosition7.3
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The setup is constructive, but the underlying structure is still poor.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.9B
Avg Volume (60D)
447.0K
60 sessions
Revenue Growth YoY
-2.3%
FY2025 vs FY2024
Gross Margin
+59.6%
Trailing twelve months
Operating Margin
+19.8%
Trailing twelve months
Free Cash Flow Yield
+17.4%
Distance from 200DMA
-1.6%
Next Earnings
2026-10-28
P/E
12.6x
EV / EBITDA
9.7x
EV / Sales
2.6x
Market metrics as of Oct 2, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Blackbaud, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Blackbaud is a purpose-built vertical-software provider for social-impact organizations, monetizing recurring cloud subscriptions and payment-related services across fundraising CRM, digital giving, financial management, grantmaking, education administration, analytics, and AI-enabled workflows.
Opportunity
Limited opportunity
Adoption of cloud software, data unification, automation, and AI workflows by nonprofit and education organizations to improve donor engagement, fundraising productivity, grant administration, finance, and constituent operations.
Key risk
Dependence on continued adoption of digital fundraising and financial management tools.

Narrative & Theme

Digital Modernization of Social-Impact Organizations
Part of AI-Enabled Nonprofit Fundraising and Operations, with moderate fit.
BLKB has a genuine, direct exposure to the digital modernization of nonprofits and education institutions, particularly AI-enabled fundraising and operating workflows.
Narrative HeatCooling3.5 / 10
Theme HeatNeutral5.7 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Blackbaud, Inc. provides AI-powered software solutions primarily for fundraising, financial management, and grant management to organizations in the nonprofit and education sectors, operating both in the U.S. Internationally.

How it earns

The company generates revenue mainly through subscription-based software licenses and related services.

Products & services
Blackbaud Raiser's Edge NXT
Blackbaud CRM
Blackbaud Luminate Online
Blackbaud TeamRaiser
JustGiving from Blackbaud
Blackbaud Fundraiser Performance Management
Blackbaud Altru
Blackbaud Financial Edge NXT
Blackbaud Purchase Cards
Blackbaud Tuition Management
Blackbaud Financial Aid Management
Blackbaud Billing Management
Customers & end markets
Nonprofit organizations
Educational institutions
Market position

Blackbaud is a leader in providing specialized software solutions for the nonprofit and education sectors.

Demand drivers
Low cyclicality

Demand for nonprofit and education management software tends to be stable and less sensitive to economic cycles.

Peers

Companies validated as economically comparable to BLKB — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Intapp, Inc.Damaged Structure — Constructive PullbackFair8.0High6.0Neutral7.2Heating upLocked$36.49−2.93%