BLKB
TechnologyBlackbaud, Inc. · Software - Application · $1B
What is Blackbaud, Inc.?
Blackbaud serves the social good sector with cloud software built for nonprofits, schools, healthcare organizations, and faith communities. Its platform connects fundraising, financial management, and engagement tools under one ecosystem.
Blackbaud generates revenue primarily through subscription-based cloud software licenses and related services. Its products help mission-driven organizations manage donor relationships, run fundraising campaigns, handle financial operations, and administer grants. By focusing exclusively on the social good sector, Blackbaud builds deep vertical expertise rather than competing across general enterprise software markets. Payment processing through Blackbaud Merchant Services adds a transactional revenue layer alongside its core software subscriptions.
Blackbaud was incorporated in 2004 and is headquartered in Charleston, South Carolina.
- Fundraising and donor management via Raiser's Edge NXT and Blackbaud CRM
- Financial management tools including Financial Edge NXT and Tuition Management
- Marketing and engagement platforms such as Luminate Online and TeamRaiser
- Grant and award management through Blackbaud Grantmaking
- Corporate social responsibility tools via YourCause CSRconnect and GrantsConnect
Is BLKB a Good Stock to Buy?
UQS Score rates BLKB as Below Average overall.
Blackbaud's most favorable signal comes from its Valuation pillar, which is rated Attractive — suggesting the market may not be pricing in a premium for this niche vertical-software provider. Its Quality and Growth pillars both land at Neutral, reflecting a business that maintains operational continuity without standing out as a high-growth compounder.
The Moat and Risk pillars are both rated Weak, which raises questions about the durability of competitive advantages and the company's ability to navigate financial or operational headwinds.
Pro members can view the complete pillar breakdown and underlying financial metrics driving each rating. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BLKB pay dividends?
No — Blackbaud, Inc. does not currently pay a dividend.
Blackbaud does not currently pay a dividend. For a company navigating a cloud transition and managing risk factors flagged in its UQS profile, retaining capital for product investment and debt management is a common strategic choice. Income-focused investors should factor this into their assessment when comparing BLKB to other [technology sector](/sector/technology) names.
When does BLKB report earnings?
Blackbaud reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Blackbaud's recent quarters have reflected its ongoing shift toward recurring cloud subscription revenue, a transition that can weigh on near-term growth optics while building longer-term revenue predictability. The Neutral Growth pillar rating suggests performance has been steady rather than accelerating.
For the most recent quarter's results and guidance, visit Blackbaud's investor relations page directly.
BLKB Price History
-45.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Blackbaud, Inc.?
Based on Blackbaud, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BLKB Long-term Outlook
Blackbaud's fundamental outlook is shaped by its Neutral Growth and Weak Risk pillar ratings. The company operates in a relatively stable vertical — social good software — where demand is tied to nonprofit sector health and institutional budgets rather than broad economic cycles. However, the Weak Risk rating signals that balance sheet or operational pressures could limit upside. The Attractive Valuation rating may reflect that much of this uncertainty is already priced in.
Growth drivers
- Continued migration of existing customers from legacy on-premise products to cloud subscriptions
- Expansion into adjacent verticals such as corporate social responsibility and faith communities
- Cross-sell opportunities across fundraising, financial management, and payment processing products
Key risks
- Weak Moat rating suggests limited pricing power and vulnerability to niche competitors
- Weak Risk pillar points to potential balance sheet or operational constraints
- Nonprofit sector budget pressures could slow new customer acquisition and upsell cycles
BLKB vs Peers
Blackbaud competes in the vertical cloud software space, where its social-good focus sets it apart from broader enterprise software providers.
Intapp targets professional services firms — law, accounting, and consulting — with industry-specific cloud software, a different vertical from Blackbaud's nonprofit focus.
BlackLine specializes in financial close automation for corporate finance teams, competing in a broader enterprise market rather than the mission-driven sector.
Kodiak AI brings an AI-driven approach to its software offerings, representing a newer generation of technology competitors in the vertical software landscape.
Frequently Asked Questions
What does Blackbaud do?
Blackbaud provides cloud software exclusively for the social good sector. Its customers include nonprofits, K-12 schools, higher education institutions, healthcare organizations, faith communities, and foundations. Products span fundraising management, financial operations, grant administration, and corporate social responsibility tools.
Does BLKB pay dividends?
Blackbaud does not currently pay a dividend. The company retains earnings rather than distributing them to shareholders, which is common for software businesses managing ongoing product investment and capital allocation priorities.
When does BLKB report earnings?
Blackbaud follows a standard quarterly earnings cadence. Specific upcoming report dates are not covered by our data source — check Blackbaud's investor relations page for the current schedule.
Is BLKB a good stock to buy?
UQS Score rates BLKB as Below Average overall. The Valuation pillar is Attractive, but Moat and Risk are both Weak. Whether that trade-off suits your portfolio depends on your risk tolerance and investment criteria. The full pillar breakdown is available to Pro members.
Is BLKB overvalued?
Based on the UQS Valuation pillar, BLKB is rated Attractive — meaning the current price appears reasonable or below what the underlying fundamentals might justify. This does not account for the Weak Risk and Moat ratings, which investors should weigh alongside valuation.
How does BLKB compare to its competitors?
Blackbaud's clearest differentiator is its exclusive focus on the social good sector. Competitors like Intapp and BlackLine serve different verticals — professional services and corporate finance respectively — making direct comparisons less straightforward than in more homogeneous software markets.
What is BLKB's market cap bracket?
Blackbaud is classified as a small-cap company. This places it below large-cap and mega-cap software peers in terms of market size, which can mean higher volatility and less institutional coverage relative to larger technology names.
Who founded Blackbaud?
Blackbaud's founding history and leadership background are widely available through public sources, including the company's official website and SEC filings. The company has been incorporated since 2004 and is headquartered in Charleston, South Carolina.
Is BLKB a long-term quality indicator?
From a UQS quality-scoring perspective, BLKB's Neutral Quality and Growth pillars suggest a business with stable but unexceptional fundamentals over time. The Weak Moat rating raises questions about long-term competitive durability. Pro members can access the full longitudinal breakdown to assess trend direction.
What is the main competitive advantage of Blackbaud?
Blackbaud's primary advantage is deep vertical specialization in social good software — a niche where switching costs can be meaningful once organizations embed fundraising and financial workflows into its platform. However, the UQS Moat pillar rates this advantage as Weak, suggesting it may not be as durable as it appears.
What sector does BLKB belong to?
Blackbaud is classified in the [Technology sector](/sector/technology), specifically within vertical cloud software. Its customer base is entirely mission-driven organizations, which distinguishes it from horizontal enterprise software providers serving commercial markets.
Is BLKB a growth stock or value stock?
BLKB sits in an interesting middle ground. Its Growth pillar is Neutral — not a high-growth compounder — while its Valuation pillar is Attractive, giving it some value characteristics. It does not fit cleanly into either category based on the current UQS profile.
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Pro Analysis
BLKB — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | 49.1 | 62.4 | 37.0 | 42.6 | 5.2 | 100.0 | -0.8 |
| May 10, 2026 | 49.9 | 65.6 | 37.0 | 42.6 | 5.2 | 100.0 | +0.8 |
| May 1, 2026 | 49.1 | 62.4 | 37.0 | 42.6 | 5.2 | 100.0 | -0.8 |
| Apr 2, 2026 | 49.9 | 59.5 | 37.0 | 42.5 | 15.5 | 100.0 | — |
BLKB — Pillar Breakdown
Quality
— 62.4/100 (25%)Blackbaud, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 42.6/100 (20%)Blackbaud, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 5.2/100 (15%)Blackbaud, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 99.7/100 (15%)Blackbaud, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 37/100 (25%)Blackbaud, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BLKB.
Score Composition
Financial Data
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How is the BLKB UQS Score Calculated?
The UQS (Unified Quality Score) for Blackbaud, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Blackbaud, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Blackbaud, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.