EverCommerce(US:EVCM)2025-11-06 21:11Financial Performance - Revenue from continuing operations for Q3 2025 was $147.5 million, a 5.3% increase from $140.1 million in Q3 2024[7] - Adjusted EBITDA for Q3 2025 was $46.5 million, compared to $42.1 million in Q3 2024[7] - Net income for Q3 2025 was $5.8 million, or $0.03 per share, compared to a net loss of $9.1 million, or $(0.05) per share, in Q3 2024[7] - Total revenues for Q3 2025 reached $147.466 million, a 5.3% increase from $140.106 million in Q3 2024[25] - Adjusted EBITDA for the nine months ended September 30, 2025, was $45.960 million, compared to $13.562 million for the same period in 2024[25] - Net income for Q3 2025 was $11.116 million, a significant recovery from a net loss of $9.156 million in Q3 2024[25] - The company reported a basic net income per share of $0.06 for both Q3 2025 and the nine months ended September 30, 2025, compared to a loss of $0.05 per share in Q3 2024[25] - Adjusted EBITDA from continuing operations for the nine months ended September 30, 2025, was $136,355, an increase of 13.4% from $120,207 in the same period of 2024[33] Revenue Breakdown - Subscription and transaction fees revenue for Q3 2025 was $142.2 million, a 4.3% increase from $136.3 million in Q3 2024[7] - Subscription and transaction fees contributed $142.184 million to revenues in Q3 2025, up from $136.263 million in Q3 2024, reflecting a growth of 4.3%[25] - Pro Forma Revenue for Q3 2025 was $148.3 million, up 5.3% from $140.8 million in Q3 2024[7] - Pro forma revenue for Q3 2025, including acquisition revenue, was $148.340 million, compared to $140.815 million in Q3 2024[30] - Pro Forma Subscription and Transaction Fees Revenue for Q3 2025 reached $143,058, a 4.0% increase from $136,972 in Q3 2024[31] - Subscription and transaction fees revenue for the nine months ended September 30, 2025, totaled $422,804, compared to $405,329 in 2024, marking a growth of 4.3%[31] Cash Flow and Assets - Cash flows provided by operating activities for the nine months ended September 30, 2025, totaled $90.183 million, compared to $64.750 million in the same period of 2024[27] - Total assets as of September 30, 2025, were $1.403 billion, slightly down from $1.421 billion at the end of 2024[24] - Total liabilities increased to $674.592 million as of September 30, 2025, from $670.442 million at the end of 2024[24] Strategic Initiatives - The acquisition of ZyraTalk was highlighted as a key strategic move to enhance AI solutions for service SMBs[3] - The company announced a $50 million increase in its stock repurchase authorization, totaling $300 million since the program began[4] - The company repurchased 2.6 million shares for approximately $29.1 million during Q3 2025[5] - The company incurred $35.856 million in acquisition costs during the nine months ended September 30, 2025[27] Expenses - Depreciation and amortization expenses for Q3 2025 were $4,846, slightly down from $5,247 in Q3 2024[32] - The company incurred stock-based compensation expenses of $6,724 in Q3 2025, compared to $7,950 in Q3 2024, indicating a reduction of 15.4%[33] - Transaction-related and other non-recurring costs for the nine months ended September 30, 2025, were $14,111, down from $22,280 in the same period of 2024, reflecting a decrease of 36.5%[33]