Cloud Software & Services for Social Good (Nonprofits, Education, Healthcare)
Strategic Profile
Blackbaud offers purpose-built solutions for fundraising and relationship management (CRM), peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG) programs, education management, ticketing, grantmaking, financial management, payment processing and analytics. The company highlighted its Intelligence for Good initiative with 70+ embedded AI capabilities used by 140,000 organizations in 100+ countries managing more than $100 billion annually, and reported a 44% fundraising growth for organizations using its AI-enriched solution.
Cyborg Score Rationale
FY25 metrics include GAAP revenue of $1.1B and Rule of 40 of 41.4%. However, the Altman Z-Score of 0.7 places Blackbaud in the distress zone, suggesting a potential risk of bankruptcy within the next two years. The company is projecting approximately 5% organic revenue growth and continued EBITDA margin expansion, though it faces risks from potential nonprofit donation reductions and increased competition.
Top Insights
Blackbaud announced three industry awards recognizing its leadership in AI innovation, responsible technology, and thought leadership, with 70+ embedded AI capabilities.
The company reported stronger non-GAAP organic growth and margin expansion despite GAAP revenue decline driven by divestiture of EVERFI.
Blackbaud reauthorized and expanded its stock repurchase program to $1.0 billion, repurchasing 2,707,953 shares for $174.5 million during 2025.
The company's debt-to-equity ratio of 9.9 indicates significant leverage, which could pose challenges in a rising interest rate environment.
Named Competitors
Salesforce Cloud — Enterprise cloud solutions with nonprofit modules
Unit4 Software Suite — ERP and financial solutions for nonprofits
Bloomerang Platform — Donor management and fundraising software
Recent Developments
(February 2026) Blackbaud announced three industry awards recognizing leadership in AI innovation, responsible technology, and thought leadership.
(February 2026) Reported 2025 results with FY25 GAAP revenue of $1.1B and Rule of 40 of 41.4%.
(December 2025) Reauthorized and expanded stock repurchase program to $1.0 billion, repurchasing 2,707,953 shares for $174.5 million.
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