EVCM · EverCommerce Inc.

EverCommerce reported first quarter 2026 results from continuing operations with revenue of $147.5 million, up 3.6% from $142.3 million in the prior year quarter, driven by subscription and transaction fees of $142.1 million, increasing 3.1% year-over-year. Pro forma metrics showed slightly moderated growth at 3.0% for revenue and 2.5% for fees, reflecting normalization for acquisitions and divestitures. Net income improved markedly to $7.2 million or $0.04 per share from $0.9 million or $0.01 per share, signaling progress toward profitability. However, Adjusted EBITDA declined to $40.7 million from $44.9 million, potentially due to investments or margin pressures not detailed in the release. CEO Eric Remer highlighted that results exceeded guidance midpoints and expressed confidence in accelerating growth in the second half of 2026 and into 2027, emphasizing strategic positioning in the service economy via AI-driven platforms. The company actively returned capital by repurchasing 1.3 million shares for $13.9 million during the quarter, with $33.9 million remaining under the program, funded by cash on hand and conducted under Rule 10b-18 and 10b5-1 plans. Guidance for Q2 anticipates revenue of $150.5-153.5 million and Adjusted EBITDA of $41-43 million, while full-year targets are $612-632 million in revenue and $183-191 million in Adjusted EBITDA, underscoring expectations for improved performance amid ongoing vertical expansion in home, health, and wellness services.