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0:00 / 0:00I. Business Strategy and Market Position
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Blackbaud Revenue Rises 4.5% to $1.16B Despite $405M EVERFI Charges

BLKB10-KFiling Date: 2/21/2025
Blackbaud, Inc.
Description

What this story covers

Blackbaud's 2024 revenue grew 4.5% to $1.16B, driven by 5.4% recurring gains in the resilient social sector. EVERFI divestiture caused $405M charges and a $271M operating loss, but adjusted EBITDA rose 9% to $389M with a 38.9% Rule of 40 score. Focus on AI innovation and cost efficiencies positions for future growth amid cybersecurity risks and competition.

Story snapshot

CompanyBlackbaud, Inc.
TickerBLKB
VariantStandard detailed
Duration11:45
Filing type10-K
PeriodAnnual 2024
IndustryTechnology
Accession0001280058-25-000010

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