EverCommerce (EVCM)
NASDAQ:EVCM
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EverCommerce
(NASDAQ:EVCM)
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Rating:66Neutral
Price Target:
$12.00
▼(-1.72% Downside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by improved financial performance (return to positive TTM earnings, strong gross margins, and positive free cash flow). Offsetting that are a weak technical setup and a high P/E valuation, while the latest earnings call supports a moderately positive outlook due to reiterated guidance and improving operational KPIs but with execution risk around back-half acceleration and legacy payments drag.
Positive Factors
High gross margins & profitability
Consistent ~77.5% gross margins and return to TTM net income support durable profitability and operating leverage. High gross margins provide pricing power and protect EBITDA against cost volatility, underpinning sustainable cash generation and reinvestment capacity over the next 2–6 months.
Negative Factors
Revenue volatility
Material year-to-year swings and only modest recent organic growth reduce predictability of recurring revenue. This volatility complicates capacity planning, weakens revenue visibility for investors, and increases reliance on discrete initiatives or acquisitions to smooth growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins & profitability
Consistent ~77.5% gross margins and return to TTM net income support durable profitability and operating leverage. High gross margins provide pricing power and protect EBITDA against cost volatility, underpinning sustainable cash generation and reinvestment capacity over the next 2–6 months.
Read all positive factors
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 (EVCM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.89B
Dividend YieldN/A
Average Volume (3M)356.29K
Price to Earnings (P/E)70.8
Beta (1Y)1.07
Revenue Growth-11.45%
EPS GrowthN/A
CountryUS
Employees2,000
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.18
Shares Outstanding176,950,700
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 Cap0.93
Enterprise Value/Revenue2.98
Enterprise Value/Gross Profit3.97
Enterprise Value/Ebitda13.85
Forecast
1Y Price Target
$11.21Price Target Upside-8.15% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.71
Revenue Forecast (FY)$619.85M
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 by selling software subscriptions and related services to service-based SMBs through its portfolio of vertical-focused products. A key revenue stream is recurring subscription revenue (typically monthly or annual...
EverCommerce Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call presented a mix of clear operational progress—beating Q1 guidance midpoints, strong adjusted EBITDA margins, accelerating multi-solution adoption, and concrete AI-led customer outcomes—alongside modest top-line growth, increased operating investments, and a legacy payments drag. Management reiterated full-year guidance and emphasized AI-first monetization and back-half acceleration, indicating confidence in future growth while acknowledging near-term investment-driven pressure on margins and cash flow.Positive Updates
Quarterly Revenue Above Guidance Midpoint
Q1 2026 revenue of $147.5 million, +3.6% year-over-year, above the midpoint of guidance.
Negative Updates
Modest Reported Top-Line Growth
Reported revenue growth for the quarter was modest at +3.6% year-over-year (pro forma quarter growth noted as ~3% by management), indicating slow organic acceleration outside targeted pockets.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue Above Guidance Midpoint
Q1 2026 revenue of $147.5 million, +3.6% year-over-year, above the midpoint of guidance.
Read all positive updates
Company Guidance
EverCommerce reiterated Q2 2026 guidance of $150.5–$153.5M in revenue and $41–$43M of adjusted EBITDA, and reiterated full‑year 2026 guidance of $612–$632M in revenue and $183–$191M of adjusted EBITDA, expecting back‑half acceleration from pricing, payments enablement and AI monetization; in Q1 the company reported $147.5M revenue (+3.6% YoY), $40.7M adjusted EBITDA (27.6% margin), $114.8M adjusted gross profit (77.8% gross margin) and $142.1M subscription & transaction revenue, with pro forma LTM revenue of ~$596M (+5.2% YoY) and a 29.7% LTM adjusted‑EBITDA margin. Key cash and capital metrics include $129M cash, $155M undrawn revolver (stepping to $125M in July), $525M debt, ~2.2x net leverage, $425M of swaps at a 3.91% weighted rate, Q1 cash flow from operations of $24.6M, quarterly levered FCF $16.6M (TTM >$71M) and TTM adjusted unlevered FCF $121.6M; the company repurchased 1.3M shares for $13.9M in Q1 ($33.9M remaining of a $300M authorization). Operational growth metrics tied to the guidance highlighted TPV annualized at $12.9B, top‑six solutions TPV +19.8% YoY (now 35% of TPV), top solution payments revenue +10% YoY (now >46.5% of payments revenue), 301K customers enabled for >1 solution (+23% YoY), 131K actively using >1 solution (+32% YoY), and LTM net revenue retention of 95% (multi‑solution cohorts >100%).EverCommerce Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 594.10M | 588.91M | 698.76M | 675.37M | 620.75M | 490.14M |
| Gross Profit | 445.43M | 456.84M | 470.39M | 444.36M | 403.37M | 327.91M |
| EBITDA | 127.62M | 126.56M | 89.08M | 106.63M | 80.21M | 45.53M |
| Net Income | 32.48M | 17.60M | -41.09M | -45.62M | -59.82M | -81.97M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.37B | 1.42B | 1.52B | 1.59B | 1.66B |
| Cash, Cash Equivalents and Short-Term Investments | 129.32M | 129.73M | 135.78M | 92.61M | 92.63M | 93.99M |
| Total Debt | 5.50M | 537.20M | 527.94M | 532.20M | 536.45M | 546.13M |
| Total Liabilities | 654.31M | 654.92M | 670.44M | 692.03M | 685.03M | 677.73M |
| Stockholders Equity | 713.97M | 716.87M | 750.83M | 826.04M | 906.69M | 985.65M |
Cash Flow | ||||||
| Free Cash Flow | 85.06M | 109.23M | 94.26M | 81.53M | 46.72M | 22.69M |
| Operating Cash Flow | 105.38M | 111.46M | 113.16M | 104.61M | 64.80M | 37.48M |
| Investing Cash Flow | -32.97M | -30.57M | -12.30M | -38.02M | -18.08M | -379.67M |
| Financing Cash Flow | -91.66M | -87.56M | -59.61M | -66.63M | -47.31M | 341.18M |
EverCommerce Technical Analysis
Negative
12.21
Price Trends
11.18
Negative
11.33
Negative
11.11
Negative
Market Momentum
-0.33
Negative
46.22
Neutral
64.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVCM, the sentiment is Negative. The current price of 12.21 is above the 20-day moving average (MA) of 10.84, above the 50-day MA of 11.18, and above the 200-day MA of 11.11, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 46.22 is Neutral, neither overbought nor oversold. The STOCH value of 64.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.15B | 1.78 | 142.47% | ― | -0.82% | 213.63% | |
76 Outperform | $1.74B | 15.82 | 7.37% | ― | 9.31% | ― | |
66 Neutral | $1.89B | 70.80 | 4.48% | ― | -11.45% | ― | |
63 Neutral | $1.53B | 18.36 | 20.68% | 0.68% | 9.44% | 3.45% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $1.57B | -291.77 | -1.70% | ― | 20.37% | ― |
* Technology Sector Average
EVCM
EverCommerce
10.53
0.51
5.09%
TDC
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33.34
11.41
52.03%
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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.