Recent Updates — BLKB
Blackbaud appointed Anthony W. Boor as a Class A director effective August 5, 2026, with his term expiring at the 2029 annual meeting. Mr. Boor currently serves as Executive Vice President of Corporate Development and Strategy and will continue in that role while joining the Board. He previously served as Chief Financial Officer from November 2011 to April 2025 and interim CEO from August 2013 to January 2014. His annual base salary is $518,578 with an equity incentive bonus target of 75% of base salary. He is not entitled to director compensation but remains subject to a retention agreement providing for severance payments upon change in control. Blackbaud provides software and services for nonprofit fundraising and constituent engagement.
Blackbaud reported second quarter 2026 financial results with GAAP total revenue of $290.6 million, a 3.0% increase year-over-year. Non-GAAP diluted earnings per share rose to $1.33 from $1.22 in the prior year period, while non-GAAP adjusted EBITDA reached $110.3 million. The company reaffirmed its full-year 2026 guidance, projecting GAAP revenue between $1.173 billion and $1.179 billion and non-GAAP diluted EPS of $5.15 to $5.25. Management expects to finish in the upper half of these ranges, with EPS and free cash flow at the high end. Blackbaud also noted it has repurchased approximately 6% of its shares year-to-date, reducing total outstanding shares by roughly 15% since late 2023. Blackbaud operates as a provider of AI-powered software solutions for fundraising, engagement, education, and financial management within the social impact sector.