Customer Base and Revenue - As of December 31, 2024, EverCommerce served over 740,000 customers across three core verticals: Home Services, Health Services, and Wellness Services[116] - Approximately 97% of revenue for the three months ended March 31, 2025, was recurring or re-occurring, with an annualized net revenue retention rate of approximately 97%[122] - The Pro Forma Revenue Growth Rate was 7.4% for the three months ended March 31, 2025, driven by new customer acquisition and increased solutions for existing customers[133] - The company reported a revenue growth rate of 3.2% for the three months ended March 31, 2025, including pre-divestiture revenue from Fitness Solutions of $5.4 million[132] - Total revenue for the three months ended March 31, 2025, was $142,273,000, representing a 3.2% increase from $137,852,000 in the same period of 2024[136] - Total revenues increased by $4.4 million, or 3.2%, to $142.3 million for the three months ended March 31, 2025, compared to $137.9 million in the same period in 2024[158] Financial Performance - Adjusted EBITDA from continuing operations rose to $44,945,000, up 16.3% from $38,650,000 in the same period last year[139] - Net income from continuing operations improved significantly to $934,000, compared to a loss of $16,010,000 in the prior year, marking a turnaround of $16,944,000[139] - The company reported a net loss of $7,713,000 for the three months ended March 31, 2025, a significant improvement from a loss of $16,324,000 in the same period last year[155] Expenses and Cost Management - Total operating expenses decreased by 9.9% to $128,068,000 from $142,148,000 in the previous year[155] - Cost of revenues as a percentage of total revenue decreased from 22.9% in Q1 2024 to 21.9% in Q1 2025, improving gross margin[157] - General and administrative expenses as a percentage of revenue decreased from 23.0% to 22.0% year-over-year[157] - Stock-based compensation expense increased to $6,755,000 from $5,410,000, reflecting a rise of 24.8%[155] - Sales and marketing expenses rose by $1.2 million, or 4.4%, to $28.8 million, primarily due to increased advertising and personnel costs[160] - Product development expenses increased by $0.7 million, or 3.4%, to $20.0 million, mainly driven by higher outsourced services[161] - General and administrative expenses decreased by $0.4 million, or 1.1%, to $31.3 million, improving as a percentage of revenue from 23.0% to 22.0%[162] - Depreciation and amortization expenses decreased by $4.1 million, or 19.8%, to $20.9 million, primarily due to lower amortization of intangible assets[163] Cash Flow and Liquidity - Net cash provided by operating activities was $30.7 million for the three months ended March 31, 2025, compared to $13.3 million in the same period in 2024[174] - As of March 31, 2025, the company had cash, cash equivalents, and restricted cash of $148.4 million, with $190.0 million of available borrowing capacity under its Revolver[172] Debt and Financing - The company has a credit agreement providing for a Term Loan of $550.0 million and a Revolver with a capacity of $190.0 million[180] - As of March 31, 2025, the outstanding amount under the Credit Facilities was $530.8 million, all related to the Term Loan, with no amounts outstanding under the Revolver[189] - The effective interest rate on the Term Loan was approximately 7.17% for the three months ended March 31, 2025[189] - The company is subject to a financial covenant requiring a first lien leverage ratio of 7.50 to 1.00 or less if revolving loans exceed 35% of the aggregate commitments[182] - The company has entered into interest rate swap agreements to convert a portion of the floating rate component of the Term Loan to fixed rate[186] - The company expects the commitment fee for the Revolver to range from 0.25% to 0.375% per annum[187] - As of March 31, 2025, the company was in compliance with the covenants under the Credit Facilities[189] Shareholder Returns - The company repurchased 1.1 million shares of common stock for approximately $11.2 million during the three months ended March 31, 2025[191] - The total authorization for the stock repurchase program has been increased to $250.0 million, with $21.6 million remaining available as of March 31, 2025[190][191] - The Term Loan matures in July 2028, while the Revolver matures in July 2026[188] Market Conditions - The macroeconomic climate, including rising inflation and supply chain disruptions, poses challenges to revenue and demand for EverCommerce's products[124] Product Development and Strategy - EverCommerce's vertically-tailored Business Management Software serves as the primary point-of-entry for customers, facilitating cross-selling opportunities[119] - The company maintains a strategy of "land and expand," allowing for customer acquisition and expansion through product development and acquisitions[118] - The company expects continued investment in product development, anticipating an increase in related expenses as a percentage of revenue in 2025[147] - EverCommerce's Customer Experience Solutions enhance customer engagement and retention through innovative communication tools[119] - The company is actively engaged in selling its marketing technology solutions, with a sale transaction expected in 2025[125]

Financial Performance - Revenue from continuing operations for Q1 2025 was $142.3 million, a 3.2% increase from $137.9 million in Q1 2024[7] - Subscription and transaction fees revenue from continuing operations was $137.8 million, up 3.3% compared to $133.4 million in Q1 2024[7] - Net income from continuing operations was $0.9 million, or $0.01 per share, compared to a net loss of $16.0 million, or $(0.09) per share, in Q1 2024[7] - Adjusted EBITDA from continuing operations was $44.9 million for Q1 2025, an increase from $38.7 million in Q1 2024[7] - Total revenues for Q1 2025 were $142.273 million, a 3.1% increase from $137.852 million in Q1 2024[27] - Adjusted EBITDA for Q1 2025 was $44.945 million, compared to $38.650 million in Q1 2024, reflecting a 16.5% increase[33] - Net loss for Q1 2025 was $7.713 million, an improvement from a net loss of $16.324 million in Q1 2024[30] - The company reported a comprehensive loss of $7.236 million for Q1 2025, compared to a comprehensive loss of $19.859 million in Q1 2024[27] Cash and Assets - Cash and cash equivalents increased to $148.408 million as of March 31, 2025, up from $135.782 million at the end of 2024[25] - Total current assets rose to $268.545 million in Q1 2025, compared to $218.314 million at the end of 2024, marking a 22.9% increase[25] Operating Performance - Operating income for Q1 2025 was $14.205 million, a significant turnaround from an operating loss of $4.296 million in Q1 2024[27] - The company incurred $5.735 million in transaction-related and other non-recurring costs in Q1 2025, down from $15.321 million in Q1 2024[33] Future Guidance - For Q2 2025, revenue is expected to be between $144.5 million and $147.5 million, with Adjusted EBITDA projected between $39.5 million and $41.5 million[12] - Full year 2025 revenue guidance is set between $581 million and $601 million, with Adjusted EBITDA expected between $167.5 million and $175.5 million[12] Share Repurchase - The company repurchased 1.1 million shares for approximately $11.2 million during Q1 2025, with $21.6 million remaining under the repurchase program[5] - The board approved a $50.0 million increase in the stock repurchase authorization, extending it through December 31, 2026[4] Strategic Focus - The company is focusing on strategic investments in high-margin areas, including payments monetization and artificial intelligence[3] Pro Forma Revenue - Pro Forma Revenue, excluding fitness, increased 7.4% to $142.3 million compared to $132.4 million in Q1 2024[7] - Subscription and transaction fees revenue was $137.779 million in Q1 2025, up from $133.382 million in Q1 2024, indicating a growth of 3.0%[32] Liabilities - Total liabilities as of March 31, 2025, were $674.531 million, slightly up from $670.442 million at the end of 2024[25]

Financial Performance - Revenue reached $142.3 million, exceeding guidance, with a reported year-over-year growth of 3.2% [12, 30] - Pro Forma revenue growth was 7.4% year-over-year, excluding fitness solutions [12, 30] - Adjusted EBITDA margin expanded by 360 basis points year-over-year to 31.6% [12, 34] - Levered Free Cash Flow (LFCF) for Q1 2025 was $25.1 million, a 197% year-over-year increase [36, 37] - Adjusted Unlevered Free Cash Flow (aUFCF) for Q1 2025 was $34.3 million, a 14.8% year-over-year increase [38, 39] Payments and Customer Growth - Payments revenue, excluding fitness, grew by 8.4% year-over-year, driven by a 9.0% increase in Total Payments Volume (TPV) [13, 25] - Total Payments Volume (TPV) reached $12.7 billion [16, 26] - The company has enabled 244,000 customers with more than one solution, representing a 28% year-over-year growth [23, 24] AI Initiatives - 40% of customer inquiries are resolved by the AI agent [21] - The AI agent achieves an 85% CSAT (Customer Satisfaction) score on resolutions [21] Capital Allocation - The company increased its share repurchase authorization by $50 million through December 31, 2026 [13, 41] Outlook - Q2 2025 total revenue is projected to be between $144.5 million and $147.5 million [42]

Financial Performance - EverCommerce reported first quarter 2025 revenue of $142.3 million, a 3.2% increase from $137.9 million in the same quarter of 2024. Pro Forma Revenue, excluding fitness, increased by 7.4% to $142.3 million compared to $132.4 million for the quarter ended March 31, 2024 [9] - Subscription and transaction fees revenue from continuing operations was $137.8 million, up 3.3% from $133.4 million for the same quarter in 2024. Pro Forma subscription and transaction fees revenue, excluding fitness, increased by 7.6% to $137.8 million compared to $128.1 million for the quarter ended March 31, 2024 [9] - Net income from continuing operations was $0.9 million, or $0.01 per share, for the quarter ended March 31, 2025, compared to a net loss of $16.0 million, or $(0.09) per share, for the same quarter in 2024 [9] - Adjusted EBITDA from continuing operations was $44.9 million for the quarter ended March 31, 2025, compared to $38.7 million for the same quarter in 2024 [9] Share Repurchase Program - On May 1, 2025, the Board of Directors approved a $50 million increase in the stock repurchase authorization, extending it through December 31, 2026, allowing for a total of up to $250 million in share purchases since the program began [4] - The company repurchased and retired 1.1 million shares for approximately $11.2 million during the three months ended March 31, 2025, with $21.6 million remaining available under the repurchase program as of March 31, 2025 [5] Business Outlook - For the second quarter of 2025, revenue is expected to be in the range of $144.5 million to $147.5 million, with Adjusted EBITDA expected to be between $39.5 million and $41.5 million [10] - For the full year 2025, revenue is projected to be between $581 million and $601 million, with Adjusted EBITDA expected to range from $167.5 million to $175.5 million [15] Company Overview - EverCommerce is a leading service commerce platform providing vertically-tailored, integrated SaaS solutions to over 740,000 global service-based businesses, focusing on Home, Health, and Wellness service industries [13]

Core Viewpoint - EverCommerce Inc. is set to report its first quarter 2025 financial results on May 8, 2025, after U.S. financial markets close [1] Financial Results Announcement - The financial results will be discussed in a conference call on May 8 at 5:00 p.m. Eastern Time [2] - Access to the call will be available via the Company's Investor Relations page, with a replay archived on the website [2] Company Overview - EverCommerce is a leading service commerce platform providing integrated SaaS solutions for over 740,000 global service-based businesses [3] - The company specializes in Home, Health, and Wellness service industries through its brands EverPro, EverHealth, and EverWell [3] - EverCommerce offers end-to-end business management software, payment acceptance, marketing technology, and customer experience applications [3]

Financial Data and Key Metrics Changes - For Q4 2024, GAAP revenue increased by 3.3% year over year, with pro forma revenue growth of 7% after adjusting for the sale of fitness solutions [11][33] - Adjusted EBITDA for Q4 was $50.4 million, representing a margin of 28.8%, which is an increase from 25.4% in Q4 2023 [34] - Total payment volume (TPV) for Q4 was approximately $12.6 billion, reflecting a 9% year-over-year growth [29] Business Line Data and Key Metrics Changes - Payments revenue, excluding fitness solutions, grew by 8.9% year over year, driven by a 9% growth in TPV [12][28] - Subscription and transaction revenue for Q4 was $139 million, up 4.2% from the prior year, while marketing technology solutions revenue decreased by 1.6% to $29.6 million [31] - Subscription transaction revenue grew by 8.4% year over year, contributing to overall revenue growth [16] Market Data and Key Metrics Changes - The company serves over 740,000 customers across three major verticals, with a customer count growth of more than 7% over the past year [14][63] - The two main verticals, EverPro and EverHealth, represent approximately 95% of consolidated revenue, indicating a strong market position [19] Company Strategy and Development Direction - The company is focusing on becoming a pure-play SaaS and embedded payments platform, emphasizing vertical SaaS software with embedded payments [13][18] - Strategic alternatives for marketing technology solutions are being explored, with the intent to divest in 2025 [8][9] - The company aims to enhance customer value through improved product offerings and increased payment adoption [24][68] Management's Comments on Operating Environment and Future Outlook - Management noted no discernible macroeconomic impacts on customer acquisition or churn trends at this time [46][48] - The focus remains on providing integrated solutions and enhancing customer engagement to drive retention and acquisition [60][64] - Guidance for Q1 2025 expects total revenue of $138 to $141 million and adjusted EBITDA of $39 million to $41 million [42] Other Important Information - The company generated significant free cash flow, with cash flow from operations for Q4 at $48.4 million, compared to $36 million in Q4 2023 [37] - The company ended the quarter with $136 million in cash and cash equivalents, maintaining a strong liquidity position [38] Q&A Session Summary Question: Update on customer health and macro impacts - Management indicated no current discernible impacts on acquisition utilization or churn trends, monitoring key indicators closely [46][47] Question: Expansion on partnerships and channel optimization - Partnerships are a key component of customer acquisition, with digital efforts being the primary driver [51][53] Question: Factors contributing to customer count acceleration - New customer acquisition was driven by digital efforts and increased investments in partnerships [58][60] Question: Guidance philosophy and growth acceleration levers - The company feels confident in its guidance, focusing on sustainable organic growth and strategic acquisitions [75][76] Question: Investments in the payments platform and adoption frictions - Investments are being made to address inertia in customer adoption and to enhance payment workflows [80][82] Question: Payments opportunity in EverHealth compared to EverPro - The opportunity in EverHealth is smaller but still significant, with a focus on patient payments and integrated solutions [88][89] Question: Customer count modeling for 2025 - Approximately 15,000 customers are expected to be added, with more details to be provided in the next quarter [91]

EverCommerce (EVCM) Q4 2024 Earnings Call March 14, 2025 12:36 AM ET Company Participants Bradley Korch - Senior VP & Head of Investor RelationsEric Remer - Founder, Chairman & CEORyan Siurek - Chief Financial OfficerBhavin Shah - Director - Software Equity ResearchMatt Feierstein - PresidentEvan Berlin - Chief Operating OfficerMichael Richards - Equity Research Senior AssociateAaron Kimson - Vice PresidentKirk Materne - Senior Managing Director, Equity Research Conference Call Participants Alex Sklar - Ana ...

For the quarter ended December 2024, EverCommerce (EVCM) reported revenue of $175 million, up 3.3% over the same period last year. EPS came in at -$0.07, compared to -$0.12 in the year-ago quarter.The reported revenue represents a surprise of +2.97% over the Zacks Consensus Estimate of $169.96 million. With the consensus EPS estimate being -$0.02, the EPS surprise was -250.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Core Viewpoint - EverCommerce reported a quarterly loss of $0.07 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking an earnings surprise of -250% [1] - The company has consistently failed to surpass consensus EPS estimates over the last four quarters [2] Financial Performance - EverCommerce posted revenues of $175 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.97%, compared to $169.44 million in the same quarter last year [2] - The company has topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - EverCommerce shares have declined approximately 16.6% since the beginning of the year, while the S&P 500 has decreased by 4.8% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $174.34 million, and -$0.03 on revenues of $719.91 million for the current fiscal year [7] - The trend of estimate revisions for EverCommerce is mixed, which could change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which EverCommerce belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Earnings Call Presentation Q4 2024 – March 13, 2025 SAFE HARBOR This presentation contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended(the "Exchange Act"). All statements other than statements of historical facts contained in this press release may be f ...