EverCommerce (EVCM)
NASDAQ:EVCM
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EverCommerce
(NASDAQ:EVCM)
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Rating:70Outperform
Price Target:
$12.50
▲(9.08% Upside)
Action:UpgradedDate:03/13/26
The score is driven primarily by improved financial fundamentals (major deleveraging, return to profitability, and strong cash generation) and supportive earnings-call guidance around sustained ~30% adjusted EBITDA margins and AI/cross-sell momentum. The main constraint is valuation (very high P/E), with technicals moderately positive but not strong enough to outweigh valuation risk.
Positive Factors
Dramatic deleveraging
A near-elimination of large debt balances materially reduces interest expense and refinancing risk, giving management durable flexibility to invest in product, make tuck-in acquisitions, return capital, or weather downturns. This structural improvement supports sustainable operations and strategic optionality over months.
Negative Factors
Revenue deceleration
A shift from multi-year expansion to negative top-line growth is structurally important: slower or shrinking revenue constrains operating leverage and the ability to scale margins. If organic demand and new customer adds don't reaccelerate, profitability gains may stall and investment payoffs could be delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Dramatic deleveraging
A near-elimination of large debt balances materially reduces interest expense and refinancing risk, giving management durable flexibility to invest in product, make tuck-in acquisitions, return capital, or weather downturns. This structural improvement supports sustainable operations and strategic optionality over months.
Read all positive factors
EverCommerce (EVCM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.03B
Dividend YieldN/A
Average Volume (3M)356.29K
Price to Earnings (P/E)124.8
Beta (1Y)1.09
Revenue Growth-11.61%
EPS Growth99.07%
CountryUS
Employees2,000
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.20
Shares Outstanding177,566,860
10 Day Avg. Volume492,708
30 Day Avg. Volume356,290
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)3.06
Price to Sales (P/S)3.73
P/FCF Ratio20.11
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue4.17
Enterprise Value/Gross Profit5.37
Enterprise Value/Ebitda19.39
Forecast
1Y Price Target
$10.58Price Target Upside-7.68% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)0.74
Revenue Forecast (FY)$619.82M
EverCommerce Business Overview & Revenue Model
Company Description
EverCommerce Inc., together with its subsidiaries, engages in providing integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include busine...
How the Company Makes Money
EverCommerce primarily makes money through recurring subscription fees and transaction-based revenue tied to payments and other usage-driven services. (1) Subscription/SaaS revenue: Customers pay recurring fees (monthly or annual) to use EverComme...
EverCommerce Key Performance Indicators (KPIs)
Any
Total Payment Volume
Measures the total value of payments processed, reflecting the scale of operations and the company's role in facilitating transactions.
Measures the total value of payments processed, reflecting the scale of operations and the company's role in facilitating transactions.
Data provided by:
The Fly
The FlyEverCommerce Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call communicated solid operational and financial progress: mid-single-digit revenue growth, strong adjusted EBITDA margins (~29–31%), favorable liquidity and deleveraging (net leverage ~2.2x), meaningful AI product traction (EverHealth Scribe satisfaction 99.1%, documentation time savings, no-show reductions), and improving cross-sell metrics (multi-solution customers +26% enabled, +32% active). Near-term headwinds include modest declines in some payments revenue segments, a decrease in levered free cash flow driven by strategic investments and capitalized software, flat Q4 adjusted EBITDA YoY, and expected seasonality with a Q1 step-down. Overall, the highlights around AI momentum, margin expansion, TPV growth, and cross-sell progress materially outweigh the manageable lowlights tied to cash flow timing, portfolio mix in payments, and one-time transition costs.Positive Updates
Q4 Revenue Growth
Total reported revenue for Q4 2025 was $151.2M, up 5.2% year-over-year and above the midpoint of guidance; subscription and transaction revenue was $144.1M.
Negative Updates
Flat Q4 Adjusted EBITDA Year-over-Year
Q4 adjusted EBITDA was flat year-over-year despite margin strength (Q4 adjusted EBITDA $44.2M, 0% change YoY), indicating limited near-term EBITDA growth in the quarter itself.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 Revenue Growth
Total reported revenue for Q4 2025 was $151.2M, up 5.2% year-over-year and above the midpoint of guidance; subscription and transaction revenue was $144.1M.
Read all positive updates
Company Guidance
EverCommerce guided first‑quarter 2026 revenue of $145.5–$148.5 million and adjusted EBITDA of $39–$41 million (implying a Q1 adjusted EBITDA margin of roughly 26–28%), and full‑year 2026 revenue of $612–$632 million with adjusted EBITDA of $183–$191 million (implying an annual adjusted EBITDA margin around 30%); the company said the outlook assumes typical seasonality with stronger Q2/Q3 growth, continued investments in AI features, payments enablement and go‑to‑market, expects reacceleration through the year, anticipates less seasonal cash‑flow variability after the Marketing Technology sale (while noting Q1 is historically cash‑flow‑burdened), and reiterated liquidity of $130 million cash plus $155 million revolver capacity (stepping down to $125 million in July 2026) and total net leverage of approximately 2.2x.EverCommerce Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
80
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 588.91M | 698.76M | 675.37M | 620.75M | 490.14M |
| Gross Profit | 456.84M | 470.39M | 444.36M | 403.37M | 327.91M |
| EBITDA | 126.56M | 89.08M | 106.63M | 80.21M | 45.53M |
| Net Income | 17.60M | -41.09M | -45.62M | -59.82M | -81.97M |
Balance Sheet | |||||
| Total Assets | 1.37B | 1.42B | 1.52B | 1.59B | 1.66B |
| Cash, Cash Equivalents and Short-Term Investments | 129.73M | 135.78M | 92.61M | 92.63M | 93.99M |
| Total Debt | 537.20M | 527.94M | 532.20M | 536.45M | 546.13M |
| Total Liabilities | 654.92M | 670.44M | 692.03M | 685.03M | 677.73M |
| Stockholders Equity | 716.87M | 750.83M | 826.04M | 906.69M | 985.65M |
Cash Flow | |||||
| Free Cash Flow | 109.23M | 94.26M | 81.53M | 46.72M | 22.69M |
| Operating Cash Flow | 111.46M | 113.16M | 104.61M | 64.80M | 37.48M |
| Investing Cash Flow | -30.57M | -12.30M | -38.02M | -18.08M | -379.67M |
| Financing Cash Flow | -87.56M | -59.61M | -66.63M | -47.31M | 341.18M |
EverCommerce Technical Analysis
Positive
11.46
Price Trends
11.11
Positive
10.99
Positive
11.03
Positive
Market Momentum
0.14
Negative
51.49
Neutral
56.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVCM, the sentiment is Positive. The current price of 11.46 is above the 20-day moving average (MA) of 11.18, above the 50-day MA of 11.11, and above the 200-day MA of 11.03, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 56.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVCM.
EverCommerce Risk Analysis
EverCommerce disclosed 59 risk factors in its most recent earnings report. EverCommerce reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EverCommerce Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.03B | 124.82 | 0.04% | ― | -11.61% | 99.07% | |
64 Neutral | $1.76B | 12.96 | 23.21% | 0.68% | 9.67% | 75.67% | |
63 Neutral | $2.37B | 22.10 | 66.41% | ― | -8.18% | 46.26% | |
63 Neutral | $1.12B | 39.43 | 5.36% | ― | 12.48% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $1.71B | 2,127.18 | -2.72% | ― | 15.97% | 91.88% |
* Technology Sector Average
EVCM
EverCommerce
11.41
1.48
14.90%
TDC
Teradata
25.12
4.50
21.82%
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28.46
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-13.60%
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Five9
13.82
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APPN
Appian
21.34
-5.91
-21.69%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.