Group 1 - EverCommerce (EVCM) shows a significant improvement in earnings outlook, making it an attractive investment option [1][10] - Analysts have raised earnings estimates for EverCommerce, indicating growing optimism about the company's earnings prospects [2][3] - The Zacks Rank system, which rates stocks from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with Zacks 1 stocks averaging a +25% annual return since 2008 [3] Group 2 - Current-quarter earnings estimate for EverCommerce is projected at $0.01 per share, reflecting a year-over-year increase of +120.0% [5] - The consensus estimate for the full year is $0.07 per share, representing a year-over-year change of +131.8% [6] - Over the past month, the consensus estimate has increased by 1033.33%, with three estimates moving higher and no negative revisions [8][6] Group 3 - EverCommerce has achieved a Zacks Rank 2 (Buy) due to favorable estimate revisions, which are expected to lead to significant outperformance compared to the S&P 500 [9] - The stock has gained 6.2% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10]

Core Viewpoint - EverCommerce (EVCM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have a strong correlation with near-term stock price movements [4][6]. - Rising earnings estimates for EverCommerce suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10]. Recent Performance of EverCommerce - For the fiscal year ending December 2025, EverCommerce is expected to earn $0.07 per share, unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for EverCommerce has increased by 1033.3%, reflecting a significant upward revision in earnings estimates [8].

EverCommerce Conference Call Summary Company Overview - **Company**: EverCommerce - **Industry**: Software solutions for service-based businesses, primarily in home and field services and healthcare - **Customer Base**: Over 725,000 customers across various service sectors [4][6] Core Business Segments - **Segments**: - EverPro (home and field services) - EverHealth (healthcare services) - EverWell (minor segment, about 5% of revenue) [5] - **Revenue Contribution**: EverPro and EverHealth comprise approximately 95% of total revenue [5] Financial Performance - **Q2 Results**: - Revenue growth of 7.4% year-over-year [7] - Adjusted EBITDA margins at 30% [8] - Increased full-year revenue guidance midpoint by $2.5 million [8] - **Cash Flow**: Generating over $100 million in annual cash flow [11] - **Liquidity**: $150 million in cash on hand and a $125 million revolving credit facility [12] Market Opportunities - **Total Addressable Market (TAM)**: - Home and field services market estimated at over $69 billion - Healthcare market estimated at over $100 billion [13] - **Customer Segmentation**: Focus on small to medium-sized businesses, including plumbers, electricians, and healthcare providers [14] Strategic Focus - **Cross-Selling and Upselling**: - 261,000 customers identified as payment-enabled (36% of total customer base) [9] - 112,000 customers actively utilizing payment solutions [10] - **Product Development**: Emphasis on enhancing payment capabilities and integrating additional product offerings [18][19] Organizational Changes - **Leadership Appointments**: - New divisional CEOs for EverPro and EverHealth to enhance execution and accountability [22] - **Decentralization Strategy**: Transitioning from a centralized to a decentralized organizational structure to better serve customers [21] Payment Solutions - **Payment Enablement**: - 32% year-over-year growth in payment-enabled customers [26] - Focus on expanding payment methods and enhancing customer onboarding experience [27][28] - **Profitability of Payments**: Payments revenue stream has a 95% EBITDA contribution margin, indicating high profitability [32] Capital Allocation Strategy - **M&A Activity**: Future acquisitions will be more surgical, focusing on technology advancements and filling software gaps [38] - **Stock Buyback Program**: Expanded from $200 million to $250 million, with $50 million remaining capacity [44] AI Integration - **AI Utilization**: Ongoing use of AI for lead scoring and customer experience improvements, with significant cost avoidance achieved [46][47] Future Outlook - **EBITDA Margin Expansion**: Current margins at 30%, with potential for further growth driven by software revenue and payment penetration [48][49] - **Investor Perception**: Emphasis on the strong portfolio of solutions and significant free cash flow generation, highlighting the company's value proposition [52][53]

EverCommerce Conference Call Summary Company Overview - **Company**: EverCommerce - **Industry**: Software as a Service (SaaS) for service-based small businesses - **Focus**: Simplifying and empowering service-based small business owners through tailored software solutions [3][5] Key Points and Arguments Business Performance - **Financial Results**: Exceeded guidance for both EBITDA and revenue in the first half of 2025, with EBITDA margins growing from 20% to over 30% [8][17] - **Transformation Program**: Initiated 18 months ago, focusing on customer service improvement and operational efficiency [8][9] Market Segments - **Core Verticals**: Focus on three main areas: EverPro (home field services), EverHealth (health services), and EverWell (salon and spa services) [10][11] - **Customer Base**: Over 720,000 customers, with 350,000 contractors using their solutions [20][25] Competitive Landscape - **Market Position**: Competes with companies like ServiceTitan, but focuses on the down market with a larger customer base [19][20] - **Differentiation**: Unique end-to-end solutions in EverHealth, integrating practice management, EMR, patient engagement, and claims processing [22][39] Growth Strategy - **Cross-Selling Initiatives**: Over 260,000 customers are ready to adopt multiple solutions, primarily in payments [26][27] - **Product-Led Growth (PLG)**: 80% of new customers come through PLG, emphasizing easy onboarding and user-friendly products [29][30] Future Outlook - **Investment Focus**: Continued investment in both EverPro and EverHealth, with a balanced approach to growth opportunities [41][42] - **M&A Opportunities**: Actively seeking acquisitions to enhance product offerings and customer value, with a strong balance sheet to support growth [43][44] Additional Important Insights - **Leadership Changes**: New CEOs for EverPro and EverHealth to enhance focus and operational efficiency [11][12] - **AI Integration**: Plans to integrate AI across all business operations and products, enhancing customer experience and operational efficiency [13][39] - **Market Potential**: Significant growth opportunities in underpenetrated markets, particularly in service-based small businesses [33][37] This summary encapsulates the key insights from the EverCommerce conference call, highlighting the company's strategic direction, market positioning, and growth potential.

Company Overview - EverCommerce Inc. is a leading service commerce platform providing vertically-tailored, integrated SaaS solutions for over 725,000 global service-based businesses [2] - The company specializes in Home, Health, and Wellness service industries through its brands EverPro, EverHealth, and EverWell [2] - EverCommerce offers end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications [2] Upcoming Investor Conferences - CEO Eric Remer will present at the Oppenheimer 28th Annual Technology, Internet & Communications Conference on August 12, 2025, at 12:25 p.m. EST [3] - CFO Ryan Siurek and SVP, Finance, & Head of Investor Relations Brad Korch will present at the Canaccord Genuity 45th Annual Growth Conference in Boston on August 13, 2025, at 9:30 a.m. EST [3] - Brad Korch will participate in 1x1 meetings at the Deutsche Bank Technology Conference on August 27, 2025 [3] - Ryan Siurek and Brad Korch will also participate in 1x1 meetings at the Piper Sandler Growth Frontiers Conference on September 10, 2025 [3]

Core Insights - EverCommerce reported Q2 2025 revenue of $148.0 million, exceeding analyst expectations of $145.4 million, and achieved a net income of $0.03 per share, a significant improvement from a loss in the prior year [1][5][6] Financial Performance - Revenue increased by 5.3% year-over-year from $140.5 million in Q2 2024 [2] - Adjusted EBITDA rose 14.2% to $45.0 million compared to $39.4 million in Q2 2024 [2][6] - Adjusted gross profit improved to $114.6 million, reflecting a 5.1% year-over-year gain [6] - Subscription and transaction fee revenue reached $142.8 million, with pro forma growth of 7.4% in Q2 2025 [7] Company Background and Strategy - EverCommerce provides SaaS solutions to over 740,000 businesses in home services, health, and wellness, focusing on digitizing operations for SMBs [3] - The company aims for revenue reacceleration, cost efficiency, and market share expansion through tailored integrated solutions and cross-selling [4] Operational Developments - The company repurchased 2.0 million shares for $20.6 million, with an additional $51.1 million authorized for future buybacks [7] - Customer adoption of integrated solutions is a key performance driver, with 244,000 customers using multiple solutions, reflecting a 28% growth year-over-year [9] Future Outlook - Management provided revenue guidance for FY2025 of $581.0–$601.0 million and Adjusted EBITDA guidance of $171.0–$177.0 million [11] - Ongoing cost control and digital adoption are expected to drive future performance [12]

分组1 - EverCommerce reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of a loss of $0.01 per share, and showing an improvement from a loss of $0.02 per share a year ago, resulting in an earnings surprise of +400.00% [1] - The company posted revenues of $148.02 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.42%, but down from $177.39 million in the same quarter last year [2] - EverCommerce has surpassed consensus revenue estimates four times over the last four quarters, although it has only beaten consensus EPS estimates once during the same period [2] 分组2 - The stock has underperformed the market, losing about 9% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the coming quarter is -$0.01 on revenues of $149.39 million, and for the current fiscal year, it is -$0.01 on revenues of $591.1 million [7] 分组3 - The Zacks Industry Rank indicates that the Internet - Software sector is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Financial Data and Key Metrics Changes - Revenue for the second quarter was $148 million, an increase of 5.3% year over year, and 7.4% on a pro forma basis, adjusting for the sale of fitness solutions [15][6] - Adjusted EBITDA was $45 million, representing a 30.4% margin, with a year-over-year margin expansion of over 230 basis points [7][16] - Payments revenue, excluding fitness solutions, grew 6.8% year over year, accounting for approximately 21% of overall revenue [12][15] Business Line Data and Key Metrics Changes - EverPro and EverHealth verticals represent 95% of consolidated revenue, with a total of 725,000 customers across all verticals [8][9] - Subscription and transaction revenue grew 8.1% year over year, with adjusted gross profit of $114.6 million and an adjusted gross margin of 77.4% [16][18] - The number of customers enabled for more than one solution grew by 32% year over year, with 261,000 customers enabled [10][11] Market Data and Key Metrics Changes - Annualized total payment volume (TPV) reached approximately $12.9 billion, reflecting nearly 7% year-over-year growth [13][19] - The company reported a net revenue retention (NRR) of 97% over the trailing twelve months [12][10] Company Strategy and Development Direction - The company is focusing on enhancing product capabilities and go-to-market strategies to prioritize payment attachments at the point of initial sale [9][10] - Continued investments in AI functionalities are aimed at improving customer experience and operational efficiency across various product lines [29][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite macroeconomic conditions, maintaining a cautious approach to revenue guidance for the second half of the year [26][38] - The company is optimistic about the ongoing transformation initiatives and the positive results seen in efficiency and sales [23][24] Other Important Information - The company has repriced and extended its credit facility, resulting in approximately $1.3 million in annual interest savings [20][19] - The company repurchased approximately 2 million shares for $20.6 million at an average price of $10.1 per share [20] Q&A Session Summary Question: Update on transformation initiatives - Management highlighted ongoing optimization efforts and positive results in efficiency and sales from the transformation initiatives [23][24] Question: Reason for not raising revenue guidance despite strong performance - Management indicated a prudent approach to revenue guidance, considering potential moderation in the second half of the year [26][38] Question: AI functionalities enhancing customer experience - Management discussed the launch of AI-powered features across product lines, improving customer engagement and operational efficiency [29][30] Question: Tax implications of the One Big Beautiful bill - Management stated it is early for analysis but anticipates some benefits from changes in interest deductibility [33] Question: Visibility into business post-Martech discontinuation - Management noted improved visibility and linearity in operations, focusing efforts on core verticals [62]

Part I — FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for the period ended June 30, 2025, reflect a shift to profitability from continuing operations, with net income of $5.8 million for the quarter compared to a net loss of $2.6 million in the prior year period, while total assets remained stable at approximately $1.42 billion, and cash flow from operations significantly increased to $57.7 million for the first six months of 2025 [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Summary (as of June 30, 2025 vs. December 31, 2024) | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $151,060 | $135,782 | | Assets held for sale | $48,336 | $11,422 | | Goodwill | $867,205 | $863,152 | | Total assets | $1,419,005 | $1,421,268 | | **Liabilities & Equity** | | | | Total current liabilities | $117,921 | $110,726 | | Long-term debt, net | $520,294 | $522,442 | | Total liabilities | $675,027 | $670,442 | | Total stockholders' equity | $743,978 | $750,826 | [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) Statement of Operations Summary (unaudited, in thousands) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $148,015 | $140,523 | $290,288 | $278,375 | | Operating income | $15,802 | $7,703 | $30,007 | $3,407 | | Net income (loss) from continuing operations | $5,761 | $(2,552) | $6,695 | $(18,562) | | Net income (loss) | $8,153 | $(3,376) | $440 | $(19,700) | | Diluted EPS (Total) | $0.04 | $(0.02) | $0.00 | $(0.11) | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (Six months ended June 30, in thousands) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $57,659 | $37,216 | | Net cash used in investing activities | $(13,745) | $(8,526) | | Net cash used in financing activities | $(29,576) | $(34,190) | | Net increase (decrease) in cash | $15,278 | $(6,138) | [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail significant corporate actions, including the strategic decision to sell the marketing technology solutions, now classified as discontinued operations, and the 2024 disposition of Fitness Solutions, while also providing breakdowns of revenue, goodwill, debt, and equity activities, including an active stock repurchase program, and a subsequent event note details a debt refinancing in July 2025 that extended maturities and reduced interest margins - The company provides integrated SaaS solutions for service-based SMBs across three core verticals: EverPro (Home Services), EverHealth (Health Services), and EverWell (Wellness Services)[26](index=26&type=chunk) - On March 5, 2025, the Board committed to a plan to sell the company's marketing technology solutions, which are now classified as discontinued operations, with assets and liabilities presented as held for sale[33](index=33&type=chunk) Discontinued Operations (Marketing Technology Solutions) Summary (in thousands) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $34,536 | $36,870 | $63,168 | $69,131 | | Operating income (loss) | $2,399 | $(824) | $(6,325) | $(1,138) | | Assets held for sale (net) | $35,618 | - | $35,618 | $40,930 (as of Dec 31, 2024) | - In 2024, the company sold its Fitness Solutions, recognizing losses of **$5.0 million** and a goodwill impairment of **$6.4 million** for the six months ended June 30, 2024, though this divestiture did not qualify for discontinued operations reporting[44](index=44&type=chunk) - The company's stock repurchase program was increased to a total authorization of **$250.0 million** and extended through December 31, 2026, with **$51.1 million** remaining available under the program as of June 30, 2025[78](index=78&type=chunk)[80](index=80&type=chunk)[81](index=81&type=chunk) - Subsequent to the quarter end, on July 29, 2025, the company amended its credit facilities to refinance its term loan, extending the maturity to July 2031 and reducing the applicable interest margin by **25 basis points**[116](index=116&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 5.3% revenue growth in Q2 2025 to the successful delivery of its core software to SMBs in home services, health, and wellness, highlighting a Pro Forma Revenue Growth Rate of 7.4% for the quarter, normalizing for divestitures, while profitability improved significantly with operating income rising to $15.8 million from $7.7 million year-over-year, driven by revenue growth and cost management initiatives, and Adjusted EBITDA from continuing operations increased to $45.0 million for the quarter, with strong liquidity of $151.1 million in cash and $155.0 million available under the revolver supporting strategic investments and the ongoing share repurchase program [Overview](index=33&type=section&id=Overview) - The company's strategy is a "land and expand" model, starting customers with core Business Management Software and then cross-selling adjacent solutions like Billing & Payments and Customer Experience tools[122](index=122&type=chunk) - Approximately **97%** of revenue was recurring or re-occurring for the six months ended June 30, 2025, with the annualized net revenue retention rate also approximately **97%** for the quarter ended June 30, 2025[126](index=126&type=chunk) [Key Business and Financial Metrics](index=36&type=section&id=Key%20Business%20and%20Financial%20Metrics) - The Pro Forma Revenue Growth rate, which adjusts for acquisitions and divestitures, was **7.4%** for both the three and six months ended June 30, 2025, indicating underlying business growth[137](index=137&type=chunk) Adjusted EBITDA Reconciliation (Continuing Operations, in thousands) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) from continuing operations | $5,761 | $(2,552) | $6,695 | $(18,562) | | Adjustments (Interest, Taxes, D&A, etc.) | $39,196 | $41,985 | $83,207 | $96,645 | | **Adjusted EBITDA from continuing operations** | **$44,957** | **$39,433** | **$89,902** | **$78,083** | [Results of Operations](index=42&type=section&id=Results%20of%20Operations) - Total revenues from continuing operations increased by **$7.5 million (5.3%)** for Q2 2025 and **$11.9 million (4.3%)** for YTD 2025 compared to the prior year, primarily driven by growth in business management software and billing/payment solutions[163](index=163&type=chunk) - Operating expenses as a percentage of revenue decreased from **94.5%** to **89.3%** in Q2 2025 year-over-year, reflecting improved margins and lower depreciation, amortization, and impairment charges[162](index=162&type=chunk) - Depreciation and amortization expense decreased by **$3.3 million** in Q2 2025, primarily due to a reduced rate of replacement assets from fewer recent business acquisitions[169](index=169&type=chunk) - The loss from discontinued operations for YTD 2025 increased to **$6.3 million**, driven by a **$9.0 million** impairment charge related to the marketing technology disposal group[173](index=173&type=chunk) [Liquidity and Capital Resources](index=49&type=section&id=Liquidity%20and%20Capital%20Resources) - As of June 30, 2025, the company had **$151.1 million** in cash and cash equivalents and **$155.0 million** of available borrowing capacity under its Revolver[176](index=176&type=chunk) - Net cash from operating activities increased to **$57.7 million** for the first six months of 2025, up from **$37.2 million** in the same period of 2024, due to lower costs from transformation initiatives and improved cash collections[178](index=178&type=chunk)[179](index=179&type=chunk) - The company repurchased and retired **3.1 million shares** for **$31.8 million** in the first six months of 2025 under its stock repurchase program[199](index=199&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports that there have been no material changes to its disclosures regarding market risk from those described in its Annual Report on Form 10-K - There have been no material changes to the company's market risk disclosures since the last Annual Report on Form 10-K[206](index=206&type=chunk) [Controls and Procedures](index=54&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that as of June 30, 2025, the company's disclosure controls and procedures were not effective due to a previously disclosed material weakness in internal control over financial reporting, which the company is actively working to remediate - Management concluded that disclosure controls and procedures were not effective as of June 30, 2025, due to a previously identified material weakness in internal control over financial reporting[207](index=207&type=chunk) - The company is continuing its efforts to remediate the material weakness, with no changes during the quarter identified that materially affected, or are reasonably likely to materially affect, internal control over financial reporting[208](index=208&type=chunk) Part II — OTHER INFORMATION [Legal Proceedings](index=55&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings arising in the ordinary course of business, and management does not expect the ultimate resolution of these matters to have a material adverse effect on the company's financial condition or operating results, with specific details on a putative class action lawsuit provided in Note 17 of the financial statements - The company is subject to various legal proceedings but does not believe their resolution will have a material adverse effect on its business or financial results[210](index=210&type=chunk) [Risk Factors](index=55&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors from those disclosed in its Annual Report on Form 10-K - No material changes to the risk factors disclosed in the Annual Report on Form 10-K have occurred[211](index=211&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=55&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's stock repurchase activity under its publicly announced program, with approximately 2.0 million shares repurchased for a total of $20.6 million during the second quarter of 2025 Share Repurchases (Q2 2025) | Period | Total Shares Purchased | Average Price Paid | Total Cost (in thousands) | | :--- | :--- | :--- | :--- | | April 2025 | 616,214 | $9.91 | ~$6,107 | | May 2025 | 615,384 | $10.18 | ~$6,265 | | June 2025 | 812,523 | $9.96 | ~$8,092 | | **Total Q2 2025** | **~2,044,121** | **-** | **~$20,600** | [Other Information](index=55&type=section&id=Item%205.%20Other%20Information) On June 12, 2025, CEO Eric Remer entered into a Rule 10b5-1 trading plan for the potential sale of up to 1.0 million shares of company common stock, effective until September 10, 2026, or upon certain other events - CEO Eric Remer established a Rule 10b5-1 trading plan on June 12, 2025, for the sale of up to **1.0 million shares** of common stock[215](index=215&type=chunk) [Exhibits](index=57&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Quarterly Report on Form 10-Q, including amendments to credit agreements, officer certifications, and XBRL data files

Q2 2025 Performance Highlights - Revenue reached $148 million, exceeding guidance, with a reported year-over-year growth of 53%[11], and a pro forma growth of 74% excluding fitness sale[11] - Adjusted EBITDA surpassed guidance, achieving a 304% margin, a 230 bps year-over-year expansion[11] - Payments Revenue, excluding Fitness, increased by 68% year-over-year, driven by Total Payments Volume (TPV) growth[11] - The company repriced and extended its Term Loan and Revolving Credit Facility, resulting in approximately $13 million in annual interest cost savings[11] Customer and Payments Growth - The company has over 725,000 global customers and a pro forma last twelve months (LTM) revenue of $5741 million[13] - Total customers enabled with more than one solution grew by 32% year-over-year, reaching 261,000[16, 17] - Total Payments Volume (TPV) increased by 7% year-over-year, reaching $129 billion[20] Financial Metrics and Outlook - Adjusted EBITDA for Q2 2025 was $45 million[27] - Levered Free Cash Flow (LFCF) for Q2 2025 was $189 million[31] - Adjusted Unlevered Free Cash Flow (aUFCF) for Q2 2025 was $349 million, a 162% year-over-year increase[33] - The company anticipates Q3 2025 total revenue to be between $1465 million and $1495 million, and adjusted EBITDA between $41 million and $43 million[38]