[Part I — FINANCIAL INFORMATION](index=4&type=section&id=Part%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) EverCommerce reported Q1 2024 revenues of **$170.1 million** (up **5.6%**), a net loss of **$16.3 million**, and **$13.3 million** cash from operations [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$1.48 billion** as of March 31, 2024, due to assets held for sale, with total stockholders' equity at **$800.7 million** Balance Sheet Highlights (in thousands) | Balance Sheet Highlights (in thousands) | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $89,976 | $92,609 | | Assets held for sale | $12,596 | $0 | | Goodwill | $917,709 | $927,431 | | **Total assets** | **$1,482,516** | **$1,518,064** | | **Liabilities** | | | | Total current liabilities | $113,865 | $117,376 | | Long-term debt, net | $525,628 | $526,696 | | **Total liabilities** | **$681,830** | **$692,028** | | **Total stockholders' equity** | **$800,686** | **$826,036** | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Q1 2024 total revenues grew **5.6%** to **$170.1 million**, with a net loss of **$16.3 million** after an **$11.2 million** loss on held for sale and impairments Income Statement Highlights (in thousands) | Income Statement Highlights (in thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Subscription and transaction fees | $134,724 | $123,820 | | Marketing technology solutions | $30,292 | $31,788 | | **Total revenues** | **$170,113** | **$161,136** | | Operating loss | ($4,610) | ($5,288) | | Loss on held for sale and impairments | $11,221 | $1,063 | | **Net loss** | **($16,324)** | **($20,775)** | | Basic and diluted net loss per share | ($0.09) | ($0.11) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities increased to **$13.3 million** in Q1 2024, while financing activities used less cash due to reduced stock repurchases Cash Flow Highlights (in thousands) | Cash Flow Highlights (in thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $13,297 | $12,700 | | Net cash used in investing activities | ($3,606) | ($4,857) | | Net cash used in financing activities | ($12,371) | ($30,409) | | **Net decrease in cash** | **($3,273)** | **($22,516)** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the **$10.8 million** loss from fitness solutions divestiture and **$12.1 million** in stock repurchases under the expanded program - On March 13, 2024, the company agreed to sell its fitness solutions to Jonas Software, resulting in a **$4.8 million** loss on disposal, a **$3.4 million** goodwill impairment, and a **$2.6 million** loss on held for sale for the UK Fitness business [45](index=45&type=chunk)[48](index=48&type=chunk) - The company's stock repurchase program was expanded to a total of **$150.0 million** and extended through December 31, 2024, with **1.2 million shares** repurchased for **$12.1 million** in Q1 2024, leaving **$27.9 million** available [83](index=83&type=chunk)[84](index=84&type=chunk) - As of March 31, 2024, the company had **$536.3 million** in term loans outstanding and uses two interest rate swap agreements with a combined notional amount of **$300.0 million** to manage interest rate risk [73](index=73&type=chunk)[76](index=76&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q1 2024 total revenue increased **5.6%**, driven by subscription fees, with Adjusted EBITDA up **28%** to **$40.9 million** and improved operating margins [Overview and Key Metrics](index=32&type=section&id=Overview%20and%20Key%20Metrics) EverCommerce serves over **708,000** SMB customers, with **97%** recurring revenue, a **5.7%** Pro Forma Revenue Growth Rate, and increased Adjusted EBITDA - The company serves over **708,000** customers across three core verticals: Home Services, Health Services, and Fitness & Wellness [107](index=107&type=chunk) - Pro Forma Revenue Growth Rate was **5.7%** for the three months ended March 31, 2024 [121](index=121&type=chunk) Adjusted EBITDA Reconciliation (in thousands) | Adjusted EBITDA Reconciliation (in thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net loss | ($16,324) | ($20,775) | | Interest and other expense, net | $5,791 | $15,188 | | Income tax expense | $5,923 | $299 | | Depreciation and amortization | $22,951 | $25,950 | | Stock-based compensation expense | $5,576 | $7,514 | | Transaction-related and other non-recurring costs | $15,303 | $2,453 | | **Adjusted EBITDA** | **$40,890** | **$31,938** | [Results of Operations](index=39&type=section&id=Results%20of%20Operations) Total revenue grew **5.6%** to **$170.1 million**, driven by subscription fees, with operating expenses improving by **390 basis points** and a **$11.2 million** divestiture loss Revenues by Type (in thousands) | Revenues by Type (in thousands) | Q1 2024 | Q1 2023 | Change $ | | :--- | :--- | :--- | :--- | | Subscription and transaction fees | $134,724 | $123,820 | $10,904 | | Marketing technology solutions | $30,292 | $31,788 | ($1,496) | | Other | $5,097 | $5,528 | ($431) | | **Total revenues** | **$170,113** | **$161,136** | **$8,977** | - The combination of cost of revenue, sales and marketing, product development, and general and administrative costs as a percentage of revenue declined from **86.5% to 82.6%**, an improvement of approximately **390 basis points** [147](index=147&type=chunk) - Loss on held for sale and impairments increased by **$10.2 million**, driven by a **$4.8 million** loss on disposal, a **$3.4 million** goodwill impairment, and a **$2.6 million** loss on held for sale measurement related to the fitness solutions divestiture [156](index=156&type=chunk) [Liquidity and Capital Resources](index=43&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$92.9 million** cash and **$190.0 million** available revolver capacity, funding operations and **$12.1 million** in repurchases - As of March 31, 2024, the company had cash, cash equivalents and restricted cash of **$92.9 million** and **$190.0 million** of available borrowing capacity under its Revolver [161](index=161&type=chunk) - The company repurchased and retired **1.2 million shares** of common stock for approximately **$12.1 million** during Q1 2024, with **$27.9 million** remaining available under the Repurchase Program [182](index=182&type=chunk) - The company has **$536.3 million** outstanding under its Term Loans and was in compliance with all debt covenants as of March 31, 2024 [179](index=179&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risk disclosures were reported since the 2023 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 [189](index=189&type=chunk) [Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were ineffective as of March 31, 2024, due to a previously identified material weakness - Management concluded that as of March 31, 2024, disclosure controls and procedures were **not effective** at the reasonable assurance level [190](index=190&type=chunk) - The ineffectiveness stems from a material weakness in internal control over financial reporting, as detailed in the 2023 Annual Report on Form 10-K [190](index=190&type=chunk)[191](index=191&type=chunk) [Part II — OTHER INFORMATION](index=50&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=50&type=section&id=Item%201.%20Legal%20Proceedings) A class action lawsuit alleges the 'CEO Approval Right' unlawfully limits Board authority, but the company asserts meritorious defenses - A putative class action lawsuit alleges the 'CEO Approval Right' for Sponsor Stockholders unlawfully limits the Board's authority under Delaware law [102](index=102&type=chunk) - The company asserts meritorious defenses, believing any liability is neither probable nor reasonably estimable [102](index=102&type=chunk) [Risk Factors](index=50&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the 2023 Annual Report on Form 10-K - No material changes to risk factors were reported since the filing of the Annual Report on Form 10-K [195](index=195&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **1.2 million shares** for **$12.1 million** in Q1 2024, with **$27.9 million** remaining under the **$150 million** program Stock Repurchase Program Activity | Period | Total Shares Purchased | Average Price Paid ($) | Remaining Authorization (in thousands) | | :--- | :--- | :--- | :--- | | Jan 2024 | 346,713 | $10.26 | $36,414 | | Feb 2024 | 381,887 | $9.92 | $32,625 | | Mar 2024 | 504,905 | $9.30 | $27,929 | - The Repurchase Program authorizes purchases up to **$150.0 million** in total and has been extended through December 31, 2024 [196](index=196&type=chunk)

Exhibit 99.1 EverCommerce Announces First Quarter 2024 Financial Results Denver, CO (May 9, 2024) EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter ended March 31, 2024. 1 • Revenue of $170.1 million, an increase of 5.6% compared to $161.1 million for the quarter ended March 31, 2023. Pro Forma Revenue, which excludes fitness, was $164.7 million, an increase of 5.7% compared to $155.8 million for the qua ...

Wall Street analysts forecast that EverCommerce (EVCM) will report quarterly loss of $0.06 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $162.13 million, exhibiting an increase of 0.6% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...

DENVER, April 29, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ:EVCM), a leading provider of SaaS solutions for service SMBs, shared today the results of a survey conducted in conjunction with National Small Business Week. In a survey completed by over 400 service-based small business owners, it was determined that the wide majority (74 percent) were not aware of National Small Business Week, exposing a major opportunity for increased education, awareness and growth for this critical business segment. ...

DENVER, April 22, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ:EVCM), a leading provider of SaaS solutions for service SMBs, will report its first quarter 2024 financial results after the U.S. financial markets close on Thursday, May 9, 2024. Management will host a conference call on Thursday, May 9 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company's financial results and provide a business update. Please visit the "Investor Relations" page of the Company's website (https://in ...

DENVER, April 22, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its first quarter 2024 financial results after the U.S. financial markets close on Thursday, May 9, 2024. Management will host a conference call on Thursday, May 9 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website (https://i ...

For the quarter ended December 2023, EverCommerce (EVCM) reported revenue of $169.44 million, up 4.7% over the same period last year. EPS came in at -$0.12, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $172.41 million, representing a surprise of -1.72%. The company delivered an EPS surprise of -500.00%, with the consensus EPS estimate being -$0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 EverCommerce Inc. (Exact name of registrant as specified in its charter) Delaware 81-4063248 (State or other jurisdiction of For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40575 | ...

Exhibit 99.1 EverCommerce Announces Fourth Quarter and Full Year 2023 Financial Results Denver, CO (March 14, 2024) EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights "Despite experiencing some continuing headwinds to revenue growth in the fourth quarter, EverCommerce delivered Adjusted EBITDA results that were above the top end of ...

DENVER, March 13, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ:EVCM), a leading service commerce platform, today announced that it is selling its fitness solutions to Jonas Software. EverCommerce's fitness solutions, including ClubOS, ASF, ClubWise and My PT Hub, which provide end-to-end business management software for large format gyms, specialty fitness and personal trainers, will become part of the Jonas family of software solutions upon close of the transaction. "Our fitness solutions are well-re ...