Blackbaud reports developments in social impact software for nonprofits, foundations, corporations, schools, higher education institutions, healthcare organizations and other mission-driven customers. Company news commonly covers AI-powered fundraising, fund accounting, award management, payments and billing, customer outcomes, product launches and partnerships across its social impact platform.
Recurring updates also include quarterly financial results, guidance, sector research from the Blackbaud Institute, education-market initiatives, and company events such as bbcon. Product and platform themes include Intelligence for Good, Agent for Good, the Development Agent, Raiser's Edge NXT and related tools designed for fundraising, donor engagement, financial management and social impact operations.
Blackbaud (BLKB) reported its Q4 and full-year 2024 financial results. For Q4, total revenue was $302.2 million, up 2.4%, with recurring revenue at $296.2 million representing 98% of total revenue. The company reported a Q4 GAAP loss from operations of $367.1 million, primarily due to EVERFI impairment and disposition charges of $405.4 million.
For full-year 2024, total revenue reached $1.2 billion, up 4.5%. The company divested EVERFI and repurchased 10% of outstanding stock. Looking ahead to 2025, Blackbaud projects revenue between $1.115-1.125 billion with organic growth of 4.5-5.4%, and plans to repurchase 3-5% of outstanding shares.
The company aims to become a Rule of 45 company by 2030, building on improvements in revenue, cash flows, and Rule of 40 metrics over the past five years.
Blackbaud (NASDAQ: BLKB) announced its Q4 and full-year 2024 financial results, highlighting significant milestones including the divestment of EVERFI. For Q4 2024, the company reported GAAP total revenue of $302.2 million, up 2.4% year-over-year, with recurring revenue representing 98% of total revenue.
The company faced a GAAP net loss of $330.8 million in Q4, primarily due to EVERFI impairment and disposition charges of $405.4 million. However, non-GAAP metrics showed strength, with adjusted EBITDA of $102.2 million and free cash flow of $56.5 million.
For full-year 2024, Blackbaud achieved total revenue of $1.2 billion, up 4.5%. The company repurchased 10% of outstanding stock in 2024 and plans to buy back 3-5% of shares in 2025. Looking ahead, Blackbaud provided 2025 guidance projecting revenue between $1.115-1.125 billion and organic revenue growth of 4.5-5.4%.
Blackbaud (NASDAQ: BLKB) has announced the integration of cryptocurrency donations for U.S. nonprofits through its JustGiving platform. The feature, already available in the U.K., allows DAF-enabled U.S. charities to receive donations in over 60 different cryptocurrencies, including Bitcoin, Ethereum, and Tether.
Through a partnership with The Giving Block, cryptocurrency donations will be automatically converted to U.S. dollars before distribution through The Blackbaud Giving Fund, protecting charities from price volatility. The platform serves hundreds of thousands of U.S. charities, enabling them to tap into a market of 580 million cryptocurrency users worldwide, valued at over $3 trillion.
In 2024, cryptocurrency donations to nonprofits exceeded $1 billion. The system offers tax advantages for donors, including capital gains tax relief. JustGiving has facilitated over $9 billion in donations since 2000, and this cryptocurrency integration follows their recent AI implementation for fundraising page creation.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, February 18, 2025, before U.S. market opening.
The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results. Investors can access the call through a live webcast at investor.blackbaud.com or via phone at 1-877-407-3088 (US) or +1 201-389-0927 (International). The webcast will be archived on Blackbaud's investor webpage for future reference.
Blackbaud (NASDAQ: BLKB) has announced changes to its K-12 Executive Advisory Board, including a new executive director and members. The 19-member board, representing various school disciplines, provides expertise on K-12 independent school needs and advises on product development.
In 2024, Blackbaud conducted nine meetups with over 500 K-12 independent school leaders, along with 10 advisory board sessions and an annual retreat. The board's input focuses on strategic topics like AI application, partner connections, and data insights.
Recent successes include American Heritage School and NSU University School selecting Blackbaud's Total School Solution, while existing clients Punahou School and Pine Crest School extended their relationships. Austin Ewachiw, director of technology at Calvert Hall College High School, has been appointed as the new executive director, succeeding Hiram Cuevas.
Blackbaud (NASDAQ: BLKB) has announced its 2025 annual major gift to support the Center for Disaster Philanthropy (CDP), an organization focused on enhancing philanthropic response to disasters and humanitarian crises. The multi-year contribution will help strengthen communities' disaster resilience and recovery capabilities.
CDP serves as the only full-time resource dedicated to helping donors maximize their disaster-response impact through expert resources, community-driven grantmaking, and philanthropic consulting services. The funds will support both disaster recovery in affected areas and CDP's mitigation and preparedness efforts.
As part of the partnership, Blackbaud will engage its employees through educational webinars covering topics like Disaster Philanthropy 101 and Disaster Preparedness. This initiative follows Blackbaud's previous donations to various organizations including Crisis Text Line, workforce development programs, the American Heart Association, and the International African American Museum.
Blackbaud (NASDAQ: BLKB) has announced a strategic partnership with True Impact to enhance its AI-powered social impact reporting solution, Blackbaud Impact Edge. The integration, available to YourCause corporate clients later this year, will combine True Impact's measurement data with Impact Edge's AI capabilities to provide real-time, evidence-based insights for corporate social responsibility (CSR) programs.
The enhanced platform will offer key features including outcome-based impact measurement, real-time impact insights through AI-powered dashboards, predictive impact forecasting, and integrated storytelling tools. The solution will enable companies to better track, evaluate, and communicate their philanthropic investments' actual results.
Additionally, Blackbaud is currently testing Blackbaud Copilot, its generative-AI assistant embedded in Impact Edge, with select YourCause customers, with full release expected in the coming months.
Blackbaud (NASDAQ: BLKB) has announced nine new participants in its Social Good Startup Program, a tech accelerator supporting early-stage software companies focused on social impact solutions. The January 2025 cohort includes startups developing innovative technologies for nonprofits and socially responsible companies.
The selected companies are: Altruify (philanthropy management marketplace), Boost My School (K-12 school fundraising platform), Collective (mobile platform for local causes), Connect To Give (educational institution fundraising), Daffodil (donor-advised funds network), KarmaSuite (nonprofit finance management), Mentor Spaces (career mentorship platform), Pledge (AI-powered charitable giving), and Revere Software (corporate volunteering platform).
Blackbaud (NASDAQ: BLKB) has announced the sale of its EVERFI Inc. business to an unaffiliated private investment firm for a nominal amount, with the transaction closing on December 31, 2024. The company plans to provide additional details in its upcoming Form 10-K filing.
The company is working with the buyer and EVERFI leadership to ensure a smooth transition for customers and employees. EVERFI will continue to provide educational courses focusing on financial literacy, wellness, compliance, and workplace training. Blackbaud will retain its YourCause® portfolio and Impact Edge™ solution, which remain central to its strategy in supporting corporate impact initiatives.
Blackbaud (NASDAQ: BLKB), a leading social impact software provider, has detailed its 2024 corporate philanthropy initiatives. The company's major contributions included supporting Crisis Text Line's international expansion, continuing multi-year commitments to organizations like the International African American Museum, and maintaining workforce development programs that benefited 6,200 youth.
Throughout the year, Blackbaud organized over 125 employer-led volunteer opportunities and distributed more than 135 grants across 95 cities in five countries. The company's 25th annual global toy drive continued its tradition, with employees having donated over 136,500 toys historically. Additionally, Blackbaud provided disaster relief donations globally and contributed to digital inclusion by donating 150 laptops through Human-I-T.