Filing Flows › Comparisons › BLKB vs GTLB
Blackbaud vs Gitlab: BLKB and GTLB compared
Blackbaud is the larger company: $293M of revenue in its latest quarter (Q3 2026) against $286M for Gitlab (Q2 FY27). Gitlab is growing faster (+21% against +4% a year earlier). Blackbaud is more profitable, with an operating margin of 20.5% against -19.9%.
Where the money goes: BLKB and GTLB
Blackbaud (BLKB) · Q3 2026
Blackbaud, Q3 2026: revenue $293M (+4% year over year), operating margin 20.5%, net earnings $46.1M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
Gitlab (GTLB) · Q2 FY27
Gitlab, Q2 FY27: revenue $286M (+21% year over year), operating margin -19.9%, net loss $36.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Blackbaud (BLKB) | Gitlab (GTLB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $293M | $286M |
| Revenue growth, Y/Y | +4% | +21% |
| Gross margin | 60.8% | — |
| Operating margin | 20.5% | -19.9% |
| Net earnings | $46.1M | −$36.1M |
| Net margin | 15.7% | -12.6% |
| Operating cash flow | $142M | −$3.1M |
| Free cash flow | $139M | — |
| Market value | — | $8.9B |
| Analysts’ mean target | — | $56.12 |
Where the revenue comes from
Blackbaud
- Recurring: $287M (98%)
- One-time services and other: $5.6M (2%)
Gitlab
- Subscription—self-managed and SaaS: $258M (90%)
- License—self-managed and other: $27.9M (10%)
Questions
Which is bigger, Blackbaud or Gitlab?
Blackbaud is the larger company: $293M of revenue in its latest quarter (Q3 2026) against $286M for Gitlab (Q2 FY27).
Is Blackbaud or Gitlab growing faster?
Gitlab is growing faster (+21% against +4% a year earlier).
Which is more profitable, Blackbaud or Gitlab?
Blackbaud is more profitable, with an operating margin of 20.5% against -19.9%.
More: Blackbaud earnings · how Blackbaud makes money · Gitlab earnings · how Gitlab makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.