EverCommerce Announces First Quarter 2025 Financial Results

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]