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]

[Second Quarter 2025 Financial Results Overview](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Results%20Overview) EverCommerce achieved strong financial performance in Q2 2025, exceeding guidance for revenue and Adjusted EBITDA, driven by revenue re-acceleration and cost optimization initiatives [Q2 2025 Financial Highlights](index=1&type=section&id=Q2%202025%20Financial%20Highlights) EverCommerce exceeded Q2 2025 revenue and Adjusted EBITDA guidance, achieving net income from continuing operations, reversing prior year's loss Q2 2025 Financial Highlights | Metric | Q2 2025 (Millions USD) | Q2 2024 (Millions USD) | YoY Growth (%) | | :-------------------------------- | :-------------------------- | :-------------------------- | :------------- | | Revenue from Continuing Operations | 148.0 | 140.5 | 5.3% | | Pro Forma Revenue from Continuing Operations | 148.0 | 137.8 | 7.4% | | Subscription and Transaction Fees Revenue from Continuing Operations | 142.8 | 135.7 | 5.3% | | Pro Forma Subscription and Transaction Fees Revenue from Continuing Operations | 142.8 | 133.0 | 7.4% | | Net Income (Loss) from Continuing Operations | 5.8 (Net Income) | (2.6) (Net Loss) | N/A | | Basic and Diluted Earnings (Loss) Per Share from Continuing Operations | 0.03 (Earnings) | (0.02) (Loss) | N/A | | Adjusted EBITDA from Continuing Operations | 45.0 | 39.4 | 14.2% | [CEO Commentary and Strategic Priorities](index=1&type=section&id=CEO%20Commentary%20and%20Strategic%20Priorities) CEO Eric Remer highlighted Q2 performance exceeding guidance, attributing success to revenue re-acceleration and cost optimization, with focus on customer experience and AI integration - EverCommerce's second quarter results exceeded the high end of revenue and Adjusted EBITDA guidance[3](index=3&type=chunk) - Company strategic priorities include revenue re-acceleration and cost optimization[3](index=3&type=chunk) - The company is executing a transformation plan focused on improving customer experience, optimizing payment workflows and adoption, product enhancements, and embedded AI capabilities[3](index=3&type=chunk) [Share Repurchases](index=1&type=section&id=Share%20Repurchases) EverCommerce repurchased 2 million shares for approximately $20.6 million in Q2 2025, with $51.1 million remaining under the program - The company repurchased and retired **2 million shares** of common stock during the three months ended June 30, 2025[4](index=4&type=chunk) - The total repurchase amount was approximately **$20.6 million**[4](index=4&type=chunk) - As of June 30, 2025, **$51.1 million** remained available under the share repurchase program[4](index=4&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) The company provides financial guidance for Q3 and full-year 2025, projecting continued growth in revenue and Adjusted EBITDA from continuing operations [Third Quarter 2025 Guidance](index=2&type=section&id=Third%20Quarter%202025%20Guidance) EverCommerce issued financial guidance for Q3 2025 continuing operations, expecting revenue and Adjusted EBITDA within specified ranges Q3 2025 Guidance | Metric | Q3 2025 Guidance (Millions USD) | | :------------- | :---------------------------- | | Revenue | 146.5 - 149.5 | | Adjusted EBITDA | 41.0 - 43.0 | [Full Year 2025 Guidance](index=2&type=section&id=Full%20Year%202025%20Guidance) The company provided full-year 2025 financial guidance for continuing operations, anticipating sustained growth in revenue and Adjusted EBITDA Full Year 2025 Guidance | Metric | Full Year 2025 Guidance (Millions USD) | | :------------- | :------------------------ | | Revenue | 581.0 - 601.0 | | Adjusted EBITDA | 171.0 - 177.0 | [Company Information](index=2&type=section&id=Company%20Information) This section provides an overview of EverCommerce's business model and details for investor and media engagement [About EverCommerce](index=2&type=section&id=About%20EverCommerce) EverCommerce is a leading service commerce platform offering integrated SaaS solutions to over 740,000 service businesses across various sectors - EverCommerce is a leading service commerce platform providing vertically-tailored, integrated SaaS solutions[10](index=10&type=chunk) - The company helps over **740,000** global service businesses accelerate growth, streamline operations, and improve customer retention[10](index=10&type=chunk) - Key brands include EverPro (home), EverHealth (health), and EverWell (wellness), offering end-to-end business management software, embedded payments, marketing technology, and customer experience applications[10](index=10&type=chunk) [Conference Call and Contact Information](index=2&type=section&id=Conference%20Call%20and%20Contact%20Information) EverCommerce will host a conference call on August 6, 2025, to discuss Q2 results, with investor and media contact details provided - A conference call will be held on August 6, 2025, at 5:00 PM ET to discuss second quarter results and outlook[9](index=9&type=chunk) - Investors can access the call and webcast, along with presentation materials, via the company's website (https://investors.evercommerce.com)[9](index=9&type=chunk) - Investor Contact: Brad Korch (SVP and Head of Investor Relations), Media Contact: Jeanne Trogan (VP of Communications)[10](index=10&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially, with no obligation to update - This press release contains forward-looking statements regarding future operations, financial results, cost savings, transformation optimization, strategic alternatives, market opportunities, share repurchases, and growth potential[12](index=12&type=chunk) - These statements involve known and unknown risks, uncertainties, and other important factors that could cause actual results to differ materially from expectations[12](index=12&type=chunk) - The company undertakes no obligation to update such forward-looking statements, even if subsequent events cause views to change[12](index=12&type=chunk) [Non-GAAP Financial Measures and Key Performance Metrics Definitions](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Key%20Performance%20Metrics%20Definitions) This section defines non-GAAP financial measures and key performance metrics used by EverCommerce, explaining their purpose and limitations [General Principles of Non-GAAP Measures](index=4&type=section&id=General%20Principles%20of%20Non-GAAP%20Measures) EverCommerce uses non-GAAP financial measures for internal analysis and investor evaluation, emphasizing they are not substitutes for GAAP metrics - EverCommerce uses non-GAAP financial measures for internal analysis and believes they are useful for investors to assess ongoing operating performance and trends[13](index=13&type=chunk) - Non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures and should be read in conjunction with the GAAP consolidated financial statements[14](index=14&type=chunk) - Reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP measures are provided in this press release[14](index=14&type=chunk) [Pro Forma Revenue and Subscription & Transaction Fees Revenue](index=4&type=section&id=Pro%20Forma%20Revenue%20and%20Subscription%20%26%20Transaction%20Fees%20Revenue) Pro Forma Revenue and Subscription & Transaction Fees Revenue are key management metrics for evaluating combined operating performance, standardizing acquisition and divestiture impacts - Pro Forma Revenue and Pro Forma Subscription and Transaction Fees Revenue are key metrics used by management to evaluate the combined operating performance of continuing operations[15](index=15&type=chunk) - These metrics are calculated assuming all acquisitions and divestitures were completed at the beginning of the reporting period to measure the potential revenue growth of the business[16](index=16&type=chunk) - These metrics do not represent organic revenue generated by the business at the beginning of the period and are not necessarily indicative of future operating results[16](index=16&type=chunk) [Adjusted Gross Profit](index=4&type=section&id=Adjusted%20Gross%20Profit) Adjusted Gross Profit is a key management metric for assessing operational performance, reflecting revenue and direct costs by excluding depreciation and amortization - Adjusted Gross Profit is a key metric used by management to evaluate operating performance, reflecting the results of revenue and direct costs[17](index=17&type=chunk) - It is calculated by subtracting depreciation and amortization allocated to cost of revenue from gross profit[18](index=18&type=chunk) - This metric aims to reflect the operating gross margin and exclude the impact of indirect costs, financing methods, and income taxes[17](index=17&type=chunk) [Adjusted EBITDA](index=5&type=section&id=Adjusted%20EBITDA) Adjusted EBITDA is a key management metric for evaluating financial performance and internal planning, adjusting net income for various non-operating and non-cash items - Adjusted EBITDA is a key metric used by management to evaluate financial performance and for internal planning and forecasting[19](index=19&type=chunk) - It is calculated by adjusting net income (loss) to exclude interest and other expenses, income tax expense, depreciation and amortization, other amortization, stock-based compensation expense, and transaction-related and other non-recurring or unusual costs[21](index=21&type=chunk) - This metric aims to provide a comparable operating overview and assist investors in inter-company comparisons, but its inherent limitations include the exclusion of certain items and potential non-comparability with similar metrics used by other companies[19](index=19&type=chunk)[20](index=20&type=chunk) [Condensed Consolidated Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents EverCommerce's condensed consolidated financial statements, including balance sheets, statements of operations, and cash flows [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, EverCommerce's balance sheet shows a slight decrease in total assets, an increase in cash, and minor shifts in liabilities and equity Condensed Consolidated Balance Sheets | Metric (Thousands USD) | June 30, 2025 | December 31, 2024 | | :------------------------ | :------------ | :------------- | | **Assets** | | | | Cash and cash equivalents | 151,060 | 135,782 | | Total current assets | 279,273 | 218,314 | | Goodwill | 867,205 | 863,152 | | Total assets | 1,419,005 | 1,421,268 | | **Liabilities and Stockholders' 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=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) In Q2 2025, EverCommerce reported revenue growth and net income from continuing operations, a significant improvement from the prior year's net loss Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) | Metric (Thousands USD) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------------------- | :------------- | :------------- | :----------- | :----------- | | Total revenue | 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) | | Basic and diluted earnings (loss) per share from continuing operations (USD) | 0.03 | (0.02) | 0.04 | (0.10) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For H1 2025, EverCommerce saw increased cash flow from operations, higher cash used in investing, and reduced cash used in financing activities Condensed Consolidated Statements of Cash Flows | Metric (Thousands USD) | YTD 2025 | YTD 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, cash equivalents, and restricted cash | 15,278 | (6,138) | | Cash, cash equivalents, and restricted cash at end of period | 151,060 | 90,041 | [Non-GAAP Financial Measures Reconciliations](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliations) This section provides detailed reconciliations of GAAP to non-GAAP financial measures, including pro forma revenue, adjusted gross profit, and adjusted EBITDA [Pro Forma Revenue Reconciliation](index=11&type=section&id=Pro%20Forma%20Revenue%20Reconciliation) This reconciliation details the calculation from GAAP revenue to pro forma revenue by excluding divestiture-related revenue for a comparable view Pro Forma Revenue Reconciliation | Metric (Thousands USD) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------ | :------------- | :------------- | :----------- | :----------- | | Revenue | 148,015 | 140,523 | 290,288 | 278,375 | | Less: Divestiture revenue | — | (2,712) | — | (8,115) | | **Pro Forma Revenue** | **148,015** | **137,811** | **290,288** | **270,260** | [Pro Forma Subscription and Transaction Fees Revenue Reconciliation](index=11&type=section&id=Pro%20Forma%20Subscription%20and%20Transaction%20Fees%20Revenue%20Reconciliation) This reconciliation illustrates the conversion from GAAP subscription and transaction fees revenue to pro forma, excluding divestiture revenue Pro Forma Subscription and Transaction Fees Revenue Reconciliation | Metric (Thousands USD) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------ | :------------- | :------------- | :----------- | :----------- | | Subscription and transaction fees revenue | 142,841 | 135,684 | 280,620 | 269,066 | | Less: Divestiture revenue | — | (2,688) | — | (8,013) | | **Pro Forma Subscription and Transaction Fees Revenue** | **142,841** | **132,996** | **280,620** | **261,053** | [Adjusted Gross Profit Reconciliation](index=11&type=section&id=Adjusted%20Gross%20Profit%20Reconciliation) This reconciliation shows the calculation from GAAP gross profit from continuing operations to Adjusted Gross Profit by adding back depreciation and amortization Adjusted Gross Profit Reconciliation | Metric (Thousands USD) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------ | :------------- | :------------- | :----------- | :----------- | | Gross profit from continuing operations | 110,067 | 103,804 | 216,500 | 204,688 | | Add: Depreciation and amortization | 4,553 | 5,158 | 9,205 | 10,625 | | **Adjusted Gross Profit from Continuing Operations** | **114,620** | **108,962** | **225,705** | **215,313** | [Adjusted EBITDA Reconciliation](index=12&type=section&id=Adjusted%20EBITDA%20Reconciliation) This reconciliation details adjustments from GAAP net income (loss) from continuing operations to Adjusted EBITDA, providing a non-GAAP measure of core operating performance Adjusted EBITDA Reconciliation | Metric (Thousands USD) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------------------- | :------------- | :------------- | :----------- | :----------- | | Net income (loss) from continuing operations | 5,761 | (2,552) | 6,695 | (18,562) | | Add: Interest and other expenses (net) | 8,798 | 9,552 | 21,557 | 15,343 | | Add: Income tax expense | 1,243 | 703 | 1,755 | 6,626 | | Add: Depreciation and amortization | 16,589 | 19,901 | 33,357 | 40,805 | | Add: Other amortization | 1,541 | 1,321 | 3,023 | 2,632 | | Add: Stock-based compensation expense | 8,072 | 6,247 | 14,827 | 11,657 | | Add: Transaction-related and other non-recurring or unusual costs | 2,953 | 4,261 | 8,688 | 19,582 | | **Adjusted EBITDA from Continuing Operations** | **44,957** | **39,433** | **89,902** | **78,083** |

Core Insights - EverCommerce Inc. reported strong financial results for Q2 2025, exceeding guidance for both Revenue and Adjusted EBITDA, driven by strategic priorities of revenue reacceleration and cost optimization [3][8]. Financial Performance - Revenue from continuing operations for Q2 2025 was $148.0 million, a 5.3% increase from $140.5 million in Q2 2024. Pro Forma Revenue, excluding fitness, increased 7.4% to $148.0 million compared to $137.8 million in Q2 2024 [8]. - Subscription and transaction fees revenue from continuing operations was $142.8 million, up 5.3% from $135.7 million in Q2 2024. Pro Forma subscription and transaction fees revenue, excluding fitness, also increased 7.4% to $142.8 million from $133.0 million in Q2 2024 [8]. - Net income from continuing operations was $5.8 million, or $0.03 per share, compared to a net loss of $2.6 million, or $(0.02) per share, in Q2 2024 [8]. - Adjusted EBITDA from continuing operations was $45.0 million for Q2 2025, compared to $39.4 million in Q2 2024 [8]. Share Repurchase Program - The company repurchased and retired 2.0 million shares of common stock for approximately $20.6 million during Q2 2025. As of June 30, 2025, $51.1 million remained available under the Repurchase Program [4][5]. Business Outlook - For Q3 2025, revenue is expected to be in the range of $146.5 million to $149.5 million, and Adjusted EBITDA is anticipated to be between $41.0 million and $43.0 million [9]. - For the full year 2025, revenue is projected to be between $581.0 million and $601.0 million, with Adjusted EBITDA expected in the range of $171.0 million to $177.0 million [14]. Key Performance Metrics - Pro Forma Revenue for Q2 2025 was $148.0 million, compared to $137.8 million in Q2 2024, reflecting a year-over-year growth rate of 7.4% [36]. - Pro Forma Subscription and Transaction Fees Revenue for Q2 2025 was $142.8 million, up from $132.996 million in Q2 2024, indicating a growth rate of 7.4% [38]. - Adjusted EBITDA for Q2 2025 was $44.957 million, compared to $39.433 million in Q2 2024, showing a significant increase [39].

DENVER, July 30, 2025 (GLOBE NEWSWIRE) -- EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, announced today that it successfully repriced and extended the maturities of both the existing Term Loan B and Revolving Credit Facilities. The Company's $529.4 million term loan facility was refinanced in its entirety with a new class of Term B-2 Loans extending the maturity for 3 additional years, through July 6, 2031. The repricing reduced th ...

Core Viewpoint - EverCommerce Inc. is set to report its second quarter 2025 financial results on August 6, 2025, after U.S. financial markets close [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call scheduled for August 6 at 5:00 p.m. Eastern Time [2] - Access to the conference call will be available via the Company's Investor Relations page, with a replay archived on the website [2] Group 2: Company Overview - EverCommerce is a leading service commerce platform that provides integrated SaaS solutions for over 725,000 service-based businesses globally [3] - The company specializes in vertical markets such as Home, Health, and Wellness 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]

Core Insights - Security Information Systems (SIS) has formed a strategic partnership with Carahsoft Technology Corp. to enhance its presence in the Public Sector, allowing government entities to access SIS's advanced security solutions [1][2] - The collaboration aims to modernize security capabilities across government sectors, providing tools for improved situational awareness and streamlined alarm monitoring [2][4] Company Overview - EverCommerce, the parent company of SIS, is a leading service commerce platform that offers integrated SaaS solutions to over 725,000 service-based businesses globally [5] - Carahsoft is recognized as a trusted IT solutions provider for the Public Sector, delivering a wide range of technology solutions through various contract vehicles [7] Partnership Benefits - The partnership will enable government agencies to integrate legacy and modern security systems, enhancing operational efficiency and public safety [4][6] - SIS's solutions will allow for centralized command and control, optimizing responses to security alerts and automating alarm verification [6] - The collaboration simplifies procurement processes for government entities, ensuring quick and cost-effective access to the latest security technologies [6]

Core Insights - EverCommerce Inc. has appointed Amy Guggenheim Shenkan to its Board of Directors, enhancing its leadership team with her extensive experience in technology and digital transformation [1][2][3] Company Overview - EverCommerce is a leading service commerce platform that provides vertically-tailored, integrated SaaS solutions to over 725,000 global service-based businesses, focusing on growth acceleration, operational streamlining, and customer retention [4] - The company operates under brands such as EverPro, EverHealth, and EverWell, offering end-to-end business management software, payment acceptance, marketing technology, and customer experience applications [4] Leadership and Strategy - Ms. Shenkan's background includes leadership roles at notable companies such as Wells Fargo and McKinsey & Company, emphasizing innovation and digital transformation [2] - The CEO of EverCommerce expressed enthusiasm about Ms. Shenkan's appointment, highlighting her potential contributions to the company's ongoing transformation and AI integration efforts [3]