Blackbaud Inc. reported GAAP total revenue of $281.1 million for the third quarter of 2025, a decrease of 1.9% compared to the same period in 2024, primarily due to the divestiture of EVERFI. Non-GAAP organic revenue increased by 5.2% year-over-year for the same period. The company reiterated its full-year 2025 guidance, projecting GAAP revenue between $1.12 billion and $1.13 billion. The non-GAAP adjusted EBITDA margin is expected to be between 35.4% and 36.2%. Non-GAAP diluted earnings per share are forecasted to range from $4.30 to $4.50. Blackbaud also raised its guidance for non-GAAP adjusted free cash flow to a range of $195 million to $205 million. The company expects a non-GAAP annualized effective tax rate of approximately 24.5%, with interest expense for the year projected at $66 million to $70 million, and fully diluted shares estimated between 48.5 million and 49.5 million. Recent business developments include the announcement of new embedded AI capabilities across Blackbaud's product portfolio and major updates to Blackbaud Impact Edge, enhancing analytics and data insights. The company also hosted its annual Social Good Startup Program showcase at its Charleston headquarters.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackbaud Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL09905) on October 29, 2025, and is solely responsible for the information contained therein.
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