Company Description
Blackbaud, Inc. (NASDAQ: BLKB) is a software company focused exclusively on powering social impact. The firm serves the nonprofit and education sectors, companies committed to social responsibility, and individual change makers. Its software is built to accelerate impact in key areas such as fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. Blackbaud’s platforms support millions of users and facilitate over $100 billion raised, granted or managed every year, helping organizations that aim to change the world.
Founded in 1981, Blackbaud operates in the information sector as a software publisher. Over time, it has expanded from its core fundraising capabilities into related areas, including solutions for K–12 schools. The company trades on the Nasdaq stock exchange under the ticker symbol BLKB and serves a global customer base spanning more than 100 countries.
Business focus and customer communities
Blackbaud positions its software as essential infrastructure for social impact organizations. According to its public descriptions, the company serves:
- Nonprofits of many types and sizes
- Educational institutions, including K–12 independent schools and higher education organizations
- Corporations and employers running social responsibility and employee giving programs
- Foundations and grantmakers
- Individual change makers focused on philanthropy and community initiatives
Through these customer communities, Blackbaud connects millions of individuals to hundreds of thousands of causes and institutions across more than 100 countries. Its software supports activities such as fundraising campaigns, donor engagement, financial management, grantmaking, corporate social responsibility programs, and education management workflows.
Core solution areas
Blackbaud describes its portfolio as being built specifically for social impact. Key solution categories highlighted in its public materials include:
- Fundraising and donor management – Software built for fundraising and donor relationship management, including Blackbaud Raiser's Edge NXT and Blackbaud Enterprise Fundraising CRM.
- Nonprofit financial management – Solutions such as Blackbaud Financial Edge NXT that support accounting and financial operations for mission-driven organizations.
- Digital giving and online engagement – Capabilities for online giving, donation forms and digital campaigns, including Luminate Online, TeamRaiser and optimized donation experiences.
- Grantmaking and corporate impact – Tools for grantmaking, corporate social responsibility and employee engagement, including YourCause CSRconnect, YourCause GrantsConnect and Blackbaud Impact Edge.
- Education management and K–12 solutions – Products that support K–12 independent schools and education institutions, such as Blackbaud Tuition Management, Billing Management, Financial Aid Management, Student Information System, Learning Management System, Enrollment Management System and Award Management.
Blackbaud also operates the Blackbaud Institute, a research lab that uses the company’s philanthropic dataset to produce reports and resources for the social impact community. These materials focus on donor behavior, giving patterns and strategies to strengthen year-round engagement.
AI for social impact
In recent communications, Blackbaud describes itself as the leader in AI for social impact. The company emphasizes that its AI capabilities are purpose-built for fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. Its products incorporate an intelligence layer informed by decades of nonprofit performance data, including donor behavior, giving patterns, campaign outcomes and operational workflows.
Blackbaud has announced a range of AI-driven features, such as:
- Blackbaud AI and Chat for Blackbaud AI, enabling users to interact with donor and financial data using natural language, summarize histories and generate outreach.
- Agents for Good™, including a Development Agent designed to proactively manage donor portfolios, communicate with supporters and follow through on outreach.
- AI capabilities embedded in financial tools, such as Document Intelligence in Financial Edge NXT to automate invoice management and support accounts payable workflows.
- AI-assisted content tools in Luminate Online and TeamRaiser, such as a generative AI content writer and tone enhancer for coaching emails.
- AI features in corporate impact solutions, including expanded analytics and a Charity Discovery Tool in Blackbaud Impact Edge, and Form Intelligence in YourCause GrantsConnect.
Blackbaud also highlights a first-of-its-kind partnership with Anthropic to provide a fundraising connector for Claude for Nonprofits, initially debuting for Blackbaud Raiser's Edge NXT. Through this connector, customers can access Blackbaud’s intelligence layer directly within supported platforms.
Global operations and remote-first structure
Blackbaud describes itself as a remote-first company with operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom. It supports users in more than 100 countries. This global footprint aligns with its focus on social impact organizations worldwide, including nonprofits, educational institutions and corporations with international CSR programs.
Recognition and corporate responsibility
The company notes that it has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Blackbaud also emphasizes its own corporate social responsibility program, citing activities such as major gifts to philanthropic organizations, multi-year commitments to nonprofits, global volunteering initiatives, grants programs and a long-running global toy drive.
Examples of its CSR activities include support for disaster philanthropy, multi-year gifts to institutions such as the International African American Museum, and employee-driven volunteering and grant review programs in numerous global cities. Blackbaud also highlights long-term support for local community initiatives in the Charleston, South Carolina area.
Startup and ecosystem programs
Beyond its core software products, Blackbaud operates the Social Good Startup Program, a tech accelerator designed to empower early-stage software ventures working in the social impact sector. Since the program’s launch, Blackbaud reports that it has supported multiple cohorts of startups, many of which have raised funding and contributed new solutions to the Blackbaud Marketplace.
Participants in the Social Good Startup Program receive tailored access to Blackbaud resources, promotional opportunities and nondilutive grant funding. Startups work with Blackbaud on customized growth plans, launch integrations with Blackbaud products, participate in events, and engage with Blackbaud customers for feedback. The company also hosts an annual Social Good Startup Showcase where founders can present to Blackbaud leaders.
Events, conferences and community engagement
Blackbaud regularly convenes customers and partners through events such as:
- bbcon, its annual conference where it announces product innovations and AI capabilities.
- A bi-annual Product Update Briefings series, where it shares product roadmaps, previews upcoming features and discusses long-term development priorities.
- The Blackbaud K–12 User Conference, an in-person event for K–12 independent schools featuring role-based learning tracks, product labs, networking and an "Unconference" format for peer-led discussions.
- The North America Corporate Social Impact Summit, a gathering for CSR professionals to explore corporate philanthropy, employee engagement and product innovation in the YourCause suite.
Through these events, Blackbaud highlights new features across fundraising, financial management, K–12 solutions, corporate impact tools and data intelligence capabilities.
Capital allocation and stock information
Blackbaud’s shares trade on the Nasdaq under the symbol BLKB. The company has disclosed a stock repurchase program authorized by its board of directors. In a public announcement, Blackbaud stated that the program’s capacity was increased to $1 billion for repurchases of common stock. The company has indicated that share repurchases are a key component of its long-term capital allocation strategy.
Blackbaud periodically reports its financial results and outlook through press releases and Form 8-K filings with the U.S. Securities and Exchange Commission. Recent 8-K filings have attached press releases reporting unaudited quarterly financial results and provided information about non-GAAP financial measures used by the company.
Research and data insights
Through the Blackbaud Institute, the company publishes research based on its philanthropic dataset. For example, it has released reports in partnership with GivingTuesday that analyze donor behavior on GivingTuesday and compare retention rates with donors who give at other times of the year. These reports highlight patterns such as higher repeat giving among GivingTuesday donors and explore how organizations can use data and AI to support long-term engagement.
Position in the social impact technology space
Across its public communications, Blackbaud consistently describes itself as the leading software provider exclusively dedicated to powering social impact. Its focus on fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management, combined with AI capabilities and a large philanthropic dataset, underpins its positioning in the social impact technology market.
For investors and observers researching BLKB stock, the company’s materials emphasize its role in connecting people and causes, its global reach, its AI roadmap and its ongoing investment in product innovation and ecosystem development.
Stock Performance
Blackbaud (BLKB) stock last traded at $44.29, up 0.48% from the previous close. Over the past 12 months, the stock has lost 31.5%. At a market capitalization of $2.0B, BLKB is classified as a mid-cap stock with approximately 45.9M shares outstanding.
Latest News
Blackbaud has 10 recent news articles, with the latest published yesterday. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. Key topics include AI, earnings date, partnership. View all BLKB news →
SEC Filings
Blackbaud has filed 5 recent SEC filings, including 3 Form 144, 2 Form 4. The most recent filing was submitted on March 6, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all BLKB SEC filings →
Insider Radar
Insider selling at Blackbaud over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.
Financial Highlights
Blackbaud generated $1.1B in revenue over the trailing twelve months, retaining a 58.8% gross margin, operating income reached $190.8M (16.9% operating margin), and net income was $115.0M, reflecting a 10.2% net profit margin. Diluted earnings per share stood at $2.37. The company generated $265.6M in operating cash flow. With a current ratio of 0.79, short-term liquidity bears monitoring.
Upcoming Events
North America CS Impact Summit
K-12 user conference
K–12 User Conference
bbcon 2026 conference
Blackbaud has 4 upcoming scheduled events. The next event, "North America CS Impact Summit", is scheduled for March 30, 2026 (in 10 days). Investors can track these dates to stay informed about potential catalysts that may affect the BLKB stock price.
Short Interest History
Short interest in Blackbaud (BLKB) currently stands at 1.2 million shares, down 7.1% from the previous reporting period, representing 3.4% of the float. Over the past 12 months, short interest has increased by 27.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Blackbaud (BLKB) currently stands at 3.5 days, down 17.3% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 73.4% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 2.0 to 6.0 days.
BLKB Company Profile & Sector Positioning
Blackbaud (BLKB) operates in the Software - Application industry within the broader Services-prepackaged Software sector and is listed on the NASDAQ.
Investors comparing BLKB often look at related companies in the same sector, including Intapp, Inc. (INTA), Ncino, Inc. (NCNO), Vertex, Inc. (VERX), Braze, Inc. (BRZE), and Blackline Inc (BL). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate BLKB's relative position within its industry.