(BLKB) Blackbaud - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 1.380m USD | Total Return: -55.4% in 12m
Avg Turnover: 20.3M
EPS Trend: 80.1%
Qual. Beats: 0
Rev. Trend: 70.7%
Qual. Beats: 0
Warnings
Altman Z'' 0.13 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Blackbaud Inc. (BLKB) is a specialized application software provider that develops cloud-based and AI-integrated solutions for the non-profit, educational, and corporate social responsibility sectors. The company’s product suite encompasses fundraising and engagement tools, financial management systems, grant administration, and student information management. By utilizing a vertical SaaS (Software as a Service) business model, Blackbaud targets the specific operational workflows of social impact organizations rather than offering general-purpose enterprise software.
The company also operates a proprietary payment processing service, Blackbaud Merchant Services, which integrates directly into its fundraising platforms to streamline donation collection. In the broader application software sector, companies focusing on niche verticals often benefit from higher customer retention rates due to the deep integration of their tools into specialized administrative processes. For a more detailed breakdown of these operational metrics, investors can review the latest analysis on ValueRay.
Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud reaches its global client base through a direct sales force. Its service offerings extend beyond software to include data intelligence, professional implementation, and managed system customization to support complex database requirements.
- Transition to subscription-based recurring revenue models stabilizes long-term cash flow
- Transaction volume growth in payment services drives high-margin revenue expansion
- Strategic acquisitions and integration of AI capabilities enhance software pricing power
- Share repurchase programs and operational efficiency improvements bolster earnings per share
- Exposure to philanthropic spending cycles impacts demand for fundraising software solutions
| Net Income: 141.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 3.84 > 1.0 |
| NWC/Revenue: -19.71% < 20% (prev -20.62%; Δ 0.91% < -1%) |
| CFO/TA 0.15 > 3% & CFO 315.6m > Net Income 141.3m |
| Net Debt (1.15b) to EBITDA (316.3m): 3.64 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.4m) vs 12m ago -6.26% < -2% |
| Gross Margin: 59.19% > 18% (prev 55.82%; Δ 3.37% > 0.5%) |
| Asset Turnover: 54.09% > 50% (prev 54.55%; Δ -0.46% > 0%) |
| Interest Coverage Ratio: 3.45 > 6 (EBIT TTM 231.1m / Interest Expense TTM 67.1m) |
| A: -0.11 (Total Current Assets 642.2m - Total Current Liabilities 866.7m) / Total Assets 2.11b |
| B: 0.02 (Retained Earnings 46.7m / Total Assets 2.11b) |
| C: 0.11 (EBIT TTM 231.1m / Avg Total Assets 2.11b) |
| D: 0.02 (Book Value of Equity 34.6m / Total Liabilities 2.07b) |
| Altman-Z'' = 0.13 = B |
| DSRI: 1.07 (Receivables 83.3m/78.1m, Revenue 1.14b/1.15b) |
| GMI: 0.94 (GM 55.82% / 59.19%) |
| AQI: 0.99 (AQ_t 0.66 / AQ_t-1 0.66) |
| SGI: 0.99 (Revenue 1.14b / 1.15b) |
| TATA: -0.08 (NI 141.3m - CFO 315.6m) / TA 2.11b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of June 07, 2026, the stock is trading at USD 28.31 with a total of 523,416 shares traded.
Over the past week, the price has changed by -7.75%,
over one month by -22.97%,
over three months by -42.58% and
over the past year by -55.38%.
Blackbaud has received a consensus analysts rating of 3.17. Therefore, it is recommended to hold BLKB.
- StrongBuy: 0
- Buy: 2
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 51 | 80.1% |
P/E Trailing = 10.1831
P/E Forward = 5.8038
P/S = 1.2108
P/B = 39.9716
P/EG = 0.3336
Revenue TTM = 1.14b USD
EBIT TTM = 231.1m USD
EBITDA TTM = 316.3m USD
Long Term Debt = 1.16b USD (from longTermDebt, last quarter)
Short Term Debt = 23.2m USD (from shortTermDebt, last quarter)
Debt = 1.19b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.16m
Net Debt = 1.15b USD (calculated: Debt 1.19b - CCE 41.7m)
Enterprise Value = 2.53b USD (1.38b + Debt 1.19b - CCE 41.7m)
Interest Coverage Ratio = 3.45 (Ebit TTM 231.1m / Interest Expense TTM 67.1m)
EV/FCF = 8.66x (Enterprise Value 2.53b / FCF TTM 292.1m)
FCF Yield = 11.54% (FCF TTM 292.1m / Enterprise Value 2.53b)
FCF Margin = 25.64% (FCF TTM 292.1m / Revenue TTM 1.14b)
Net Margin = 12.41% (Net Income TTM 141.3m / Revenue TTM 1.14b)
Gross Margin = 59.19% ((Revenue TTM 1.14b - Cost of Revenue TTM 464.8m) / Revenue TTM)
Gross Margin QoQ = 59.24% (prev 58.35%)
Tobins Q-Ratio = 1.20 (Enterprise Value 2.53b / Total Assets 2.11b)
Interest Expense / Debt = 5.62% (Interest Expense 67.1m / Debt 1.19b)
Taxrate = 13.88% (22.8m / 164.1m)
NOPAT = 199.1m (EBIT 231.1m * (1 - 13.88%))
Current Ratio = 0.74 (Total Current Assets 642.2m / Total Current Liabilities 866.7m)
Debt / Equity = 34.51 (Debt 1.19b / totalStockholderEquity, last quarter 34.6m)
Debt / EBITDA = 3.64 (Net Debt 1.15b / EBITDA 316.3m)
Debt / FCF = 3.94 (Net Debt 1.15b / FCF TTM 292.1m)
Total Stockholder Equity = 78.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.71% (Net Income 141.3m / Total Assets 2.11b)
RoE = 179.0% (Net Income TTM 141.3m / Total Stockholder Equity 78.9m)
RoCE = 18.61% (EBIT 231.1m / Capital Employed (Equity 78.9m + L.T.Debt 1.16b))
RoIC = 16.26% (NOPAT 199.1m / Invested Capital 1.22b)
WACC = 6.48% (E(1.38b)/V(2.57b) * Re(7.90%) + D(1.19b)/V(2.57b) * Rd(5.62%) * (1-Tc(0.14)))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -6.90%
[DCF] Terminal Value 77.97% ; FCFF base≈259.4m ; Y1≈297.3m ; Y5≈437.6m
[DCF] Fair Price = 118.3 (EV 6.59b - Net Debt 1.15b = Equity 5.43b / Shares 45.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 80.09 | EPS CAGR: 13.56% | SUE: 0.25 | # QB: 0
Revenue Correlation: 70.69 | Revenue CAGR: 1.90% | SUE: 0.27 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.28 | Chg30d=-5.90% | Revisions=-56% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.32 | Chg30d=+0.92% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=5.19 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=+16.7% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=5.87 | Chg30d=+0.14% | Revisions=+11% | GrowthEPS=+12.9% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -56%