Blackbaud, Inc. BLKB NASDAQ

Blackbaud, Inc. (BLKB) reported declining year-over-year revenue growth of -2.3% through 2025-12 (TTM revenue vs prior-year TTM). Net income showed exceptional earnings expansion of +140.1% YoY, reaching $37M in the latest quarter. The net profit margin is 12.4%, which is moderate. The company has maintained profitability in all 4 quarters. The gross margin is 58.8% (high), up 3.6pp vs the prior year. With a $2B market cap, MOAT composite score of 74/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (30/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (50/100, Pass) — proving consistent earnings. Looking at the full 27-year annual history, the company was profitable in 24 of 27 years — a solid long-term record with occasional losses
• INCOME (55/100, Partial) — the company is profitable but margin is below 15%
• MOAT (74/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 50/100 with 2/7 criteria passed.