BLACKBAUD INC (BLKB) Form 8-K — Oct 28, 2026
Blackbaud reported Q3 2026 revenue of $292.6 million, up 4.1% year over year, with GAAP diluted EPS of $1.02 and non-GAAP diluted EPS of $1.36, up $0.26 from the prior year. Margins expanded significantly: non-GAAP operating margin rose 240 bps to 32.3%, adjusted EBITDA margin rose 260 bps to 38.0%, and the Rule of 40 score reached 42.1%. The company reaffirmed full-year 2026 guidance and expects to finish in the upper half of all four key metric ranges. The company highlighted AI momentum at its bbcon conference, unveiling Platform for Good and Lantern, a fundraising-specific language model built with Databricks, plus new partnerships with BILL, Microsoft 365 Copilot, and Intuit Mailchimp.
Key figures
- Eps
- 1.02
- Revenue
- 292641000
- Guidance
- Reaffirmed FY2026: GAAP revenue $1.173B-$1.179B, non-GAAP adjusted EBITDA $430M-$438M, non-GAAP diluted EPS $5.15-$5.25, non-GAAP free cash flow $280M-$290M; expects upper half of range on all four metrics
- Net Income
- 46068000
- Total Debt
- 1044797000
- Revenue Yoy
- 4.1%
- Total Assets
- 2106837000
- Cash Position
- 35734000
- Rule of 40
- 42.1%
- Non gaap eps
- 1.36
- Buyback remaining
- $832 million
- Recurring revenue
- 287030000
- Non gaap net income
- 61201000
- Gaap operating margin
- 20.5%
- Recurring revenue pct
- 98.1%
- Adjusted ebitda margin
- 38.0%
- Operating cash flow q3
- 141700000
- Leverage ratio q1 to q3
- 2.7x to 2.3x
- Non gaap adjusted ebitda
- 111081000
- Non gaap operating margin
- 32.3%
- Non gaap free cash flow q3
- 126000000
- Diluted weighted avg shares
- 44961588
- Ytd repurchases pct of shares
- >7%
AI analysis
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