In its latest quarter ending March 31, 2026, Blackbaud continued to advance its AI-powered solutions for social impact organizations, launching the Blackbaud fundraising development agent under subscription pricing and expanding AI features across its portfolio. The business benefits from a customer base with majority three-year contracts, over 20% extending beyond four years, supporting revenue visibility and retention stability. Ongoing investments in R&D and stock repurchases reflect confidence in long-term growth driven by innovation and strong gross dollar retention near 92%. Risks include technology execution and competitive pressures, but Blackbaud’s proprietary data, integrated product suite, and sector expertise underpin a durable competitive moat.