Blackbaud (BLKB) Q3 2025 TL;DR Summary
Blackbaud reported strong profitability and operational leverage for the nine months ended September 30, 2025, despite continued revenue contraction following the December 31, 2024, disposition of the EVERFI business.
Financial Performance & Profitability: Nine-month revenue declined 2.3% (\(19.4M) to \)833.1M, but Net Income surged to \(78.3M (from \)46.8M in 2024), resulting in Diluted EPS of \(1.61 (up from \)0.90). GAAP Gross Margin expanded to 58.9% (up 390 bps YoY), and Non-GAAP Operating Margin improved to 30.7%. Quarterly performance was excep
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