Q1 2026 Blackbaud Inc Earnings Call Transcript
Key Points
- Blackbaud Inc (BLKB) delivered solid execution against its operating plan with a strong focus on efficiency and product innovation.
- The company is aggressively investing in AI capabilities, enhancing product offerings and operational efficiency.
- Blackbaud Inc (BLKB) reported a 4.2% organic revenue growth in Q1 2026, reaching $281 million.
- The company achieved a 20% increase in non-GAAP EPS, rising to $1.14 from $0.95 in the previous year.
- Blackbaud Inc (BLKB) has a strong free cash flow, up nearly $50 million year over year, and plans to use over 50% of cumulative free cash flow for share repurchases between 2026 and 2030.
- The company faces challenges with limited IT resources and staffing shortages in its vertical markets.
- Blackbaud Inc (BLKB) expects adjusted EBITDA dollars to decline slightly year over year in Q2 due to planned AI investments.
- Transactional revenue can be variable quarter-to-quarter, which may impact financial performance.
- The company is still in the early stages of broader commercialization of its AI offerings, which may delay potential revenue growth.
- Blackbaud Inc (BLKB) anticipates that financial performance will be heavily weighted to the back half of the year, particularly the fourth quarter, which could lead to uneven quarterly results.
Good day and welcome to Blackbaud's first-quarter 2026 earnings call. Today's conference is being recorded.
I'll now turn the conference over to Tom Barth, Head of Investor Relations. Please go ahead, sir.
Good morning, everyone. Thank you for joining us on Blackbaud's first-quarter 2026 earnings call. Joining me today on the call is Mike Gianoni, Blackbaud's CEO, President, and Vice Chairman; and Chad Anderson, Blackbaud's Executive Vice President and Chief Financial Officer.
Please note that our comments today contain forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Please refer to our most recent Form 10-K and other SEC filings for more information on those risks.
Today's discussion will focus on non-GAAP results. Please refer to our press release and investor materials posted to our website for full details on our financial performance, including GAAP results, full-year guidance, and long
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