Quarterly ResultApr 29, 2026, 04:35 PM
BLKB Q1 Net Income +620% to $31.1M; EPS $0.67
AI Summary
Blackbaud Inc. reported strong first-quarter 2026 results, with revenue increasing 4.15% to $281.1 million and net income soaring 620.3% to $31.1 million. Diluted earnings per share significantly improved to $0.67 from $0.09 in the prior year. The company also generated substantial net cash from operating activities, reaching $51.5 million, and continued its share repurchase program.
Key Highlights
- BLKB Q1 2026 revenue increased 4.15% to $281.1 million.
- Net income surged 620.3% to $31.1 million in Q1 2026.
- Diluted EPS rose to $0.67 in Q1 2026 from $0.09 in Q1 2025.
- Net cash provided by operating activities was $51.5 million, up from $1.4 million.
- Total debt increased to $1.19 billion as of March 31, 2026.
- Purchased $82.1 million in treasury stock during Q1 2026.
- Entered a new $100.0 million forward-starting interest rate swap agreement in February 2026.
- Effective income tax rate increased to 17.6% from 11.1% YoY.