Blackbaud Q1 Revenue Hits $281.1M, EBITDA Margin Expands to 35.1% and Launches AI Agent
Blackbaud posted Q1 revenue of $281.1 million, beating the $279.3 million estimate and rising 4.2% year-over-year, while adjusted EPS was $1.14 versus $1.18. Non-GAAP EBITDA climbed to $98.7 million with margins at 35.1%, with guidance for $1.173-1.179 billion revenue and $5.15-5.25 EPS reaffirmed; it launched its Development Agent AI platform.
1. Q1 Results
Blackbaud delivered Q1 revenue of $281.1 million, up 4.2% year-over-year and $1.8 million above consensus. Adjusted EPS was $1.14, missing the $1.18 estimate by four cents, while non-GAAP EBITDA rose to $98.7 million and margins expanded 100 basis points to 35.1%.
2. AI Platform Launch
In March, Blackbaud introduced Development Agent, the first expert AI agent embedded in its social impact platform. Management highlights that proprietary data across fundraising, finance, education and corporate impact underpins AI-driven differentiation and drives deeper customer engagement.
3. Reaffirmed Guidance
The company reaffirmed full-year revenue guidance of $1.173–1.179 billion and non-GAAP EPS of $5.15–5.25. Executives expect ongoing AI investments and the connected data ecosystem to support growth, margin expansion and responsible adoption of intelligent action tools.