EverCommerce(EVCM) - 2025 Q1 - Quarterly Results

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]