Blackbaud (BLKB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Blackbaud

NasdaqGS•Technology•Software - Application

$45.48+1.26(0.03%)Pre-market

Market Cap

$1.92B

P/E

12.7x

P/S

1.7x

P/B

28.6x

Blackbaud, Inc. engages in the providing AI-powered solutions in the United States and internationally. The company offers fundraising and engagement solutions, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving from Blackbaud, Blackbaud Fundraiser Performance Management, and Blackbaud Altru; financial management solutions, such as Blackbaud Financial Edge NXT, Blackbaud Purchase Cards, Blackbaud Tuition Management, Blackbaud Financial Aid Management, and Blackbaud Billing Management; and grant and award management solutions, which includes Blackbaud Grantmaking and Blackbaud Award Management. It also offers education solutions, including Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility, employee giving, and volunteering solutions, such as YourCause GrantsConnect and YourCause CSRconnect, and Blackbaud Impact Edge; and payment services, which includes Blackbaud Merchant Services. In addition, the company provides data intelligence solutions; professional and managed services, such as system implementation, data conversion, business process analysis and application customization, database merging and enrichment, database production activities, website design services, and outcome-based and prescriptive services; and training solutions. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability25/25

Growth16/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.7x5y range 12.2x – 2510.7x

Currently below its 8-quarter median.

P/S · 1.7x5y range 1.5x – 4.1x

Currently below its 20-quarter median.

P/B · 28.6x5y range 3.2x – 90.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Leverage Risk

Red Flag

D/E ratio is 16.8 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $1.92B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.15B
Q. Revenue: $290.60M
TTM EBITDA: $354.27M
TTM Op. Income: $227.10M
Q. Op. Income: $62.02M
TTM Net Income: $150.62M
Q. Net Income: $35.36M
EPS: $0.79
Shares Out.: $44.76M

$1.15B in TTM revenue grew 0.6% YoY, reaching $290.60M last quarter. TTM EBITDA of $354.27M and TTM operating income of $227.10M show growth is flowing through to the bottom line. TTM net income of $150.62M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 61.3%
EBITDA Margin: 28.5%
Op. Margin: 21.3%
Net Margin: 12.2%

Op. margin of 21.3% is up 1.2% YoY — cost efficiency is improving. Net margin at 12.2% and gross margin of 61.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.7x
P/S Ratio: 1.7x
P/B Ratio: 28.6x

At 12.7x P/E, the stock trades below typical market levels. P/S of 1.7x and P/B of 28.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.59B
Cash: $34.39M
Long-Term Debt: $1.13B
Book Value: $67.03M
D/E Ratio: 16.8
Debt/EBITDA: 13.6

With $2.59B in assets and $1.13B in long-term debt, D/E is 16.8and book value is $67.03M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 30% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $91.05M
TTM Free Cash Flow: $329.16M
FCF Margin: 28.7%
FCF / Net Income: 2.2

TTM FCF of $329.16M on $91.05M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.