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Blackbaud, Inc. posted Q1 2026 non-GAAP diluted earnings per share of $1.14, matching analyst estimates of $1.14, as the cloud software provider serving nonprofit and education organizations continued its steady growth trajectory. The company generated $281.1M in revenue for the quarter, up 4.2% from the $269.9M recorded in Q1 2025. Net income reached $52.6M for the quarter.
The Charleston-based software firm demonstrated the strength of its subscription-based business model, with recurring revenue reaching $276.5M for the quarter. This metric underscores Blackbaud’s focus on predictable, long-term customer relationships within the social good sector, where organizations rely on its fundraising, financial management, and constituent engagement platforms.
For fiscal year 2026, management guided adjusted EPS to a range of $5.15 to $5.25 and expects revenue of $1.17B. The guidance reflects management’s confidence in maintaining growth momentum across its customer base of nonprofits, educational institutions, and foundations.
Wall Street analysts remain divided on the stock, with consensus standing at 4 buy ratings, 4 hold ratings, and 0 sell ratings. The balanced view suggests investors are weighing Blackbaud’s stable recurring revenue stream against its moderate single-digit growth rate in a competitive cloud software landscape.
A detailed analysis of Blackbaud, Inc.’s quarter follows shortly on AlphaStreet.
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