Financial Outlook
Blackbaud today announced its 2025 full year financial guidance:
- GAAP revenue of $1.115 billion to $1.125 billion
- Organic revenue growth at constant currency of 4.5% to 5.4%
- Non-GAAP adjusted EBITDA margin of 34.9% to 35.9%
- Non-GAAP earnings per share of $4.16 to $4.35
- Non-GAAP adjusted free cash flow of $185 million to $195 million
Included in its 2025 full year financial guidance are the following updated assumptions:
- Non-GAAP annualized effective tax rate is expected to be approximately 24.5%
- Interest expense for the year is expected to be approximately $65 million to $69 million
- Fully diluted shares for the year are expected to be approximately 48.5 million to 49.5 million
- Capital expenditures for the year are expected to be approximately $55 million to $65 million, including approximately $50 million to $60 million of capitalized software development costs