EVCMNasdaqServices-Prepackaged SoftwareUS GAAP · USD

EverCommerce Inc.

EverCommerce Inc. builds vertically tailored SaaS and payment software for service-based small and mid-sized businesses. Its platform is organized around three core verticals—home services, health services, and wellness services—and is designed to automate workflows, support customer engagement, and help businesses generate and retain demand.

Revenue589m USD
+4.8 %y/y
Operating profit (EBIT)59.3m USD
+23,411.9 %y/y
EBIT margin10.1%
+10.0 ppy/y
Net income17.6m USD
+142.8 %y/y
Free cash flow109m USD
−2.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2000200400600800m USD2020: 338 m USD2020: EBIT -22 m USD20202021: 490 m USD2021: EBIT -27 m USD20212022: 621 m USD2022: EBIT -31 m USD20222023: 675 m USD2023: EBIT 2.4 m USD20232024: 562 m USD2024: EBIT 0.25 m USD20242025: 589 m USD2025: EBIT 59 m USD202558959
RevenueOperating profit (EBIT)

Business

Share of revenue
Business Management Software45 %

Vertical SaaS applications that automate scheduling, operations, CRM, and workflow management.

Billing & Payment Solutions25 %

Integrated payment processing and billing tools tied to customer transactions and collections.

Customer Experience Solutions15 %

Tools that help service SMBs market services, engage customers, and improve retention.

Healthcare Workflow Solutions10 %

Software for revenue cycle management, chronic care management, and health insurance clearinghouse needs.

Professional Services and Other5 %

Implementation, training, consulting, partnerships, event income, and hardware sales.

Products

Reported · share of revenue
96.3%FY2025100 %
  • License and Service96.3 %
  • Other Revenue3.7 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

EverCommerce sells to service-based SMBs that need industry-specific software rather than generic horizontal tools. Its customers include home service contractors, medical practices, therapists, salons, spas, and other local service businesses that rely on scheduling, payments, and customer engagement to run their operations. The company also serves a long tail of smaller customers, which makes cross-sell and retention important to its model.

Home Services SMBs

Contractors, technicians, and field-service businesses buy EverPro tools for scheduling, dispatch, customer management, and payments.

Health Services Providers

Private practices, therapists, chronic care specialists, and related providers buy EverHealth software for workflow and billing.

Wellness Services Businesses

Salons, spas, massage therapists, and medi-aesthetics businesses buy EverWell tools for booking and customer engagement.

Other Service SMBs

Non-profits, veterinary care, accounting, education, and other small service businesses buy selected solutions where workflows fit.

Strategy

EverCommerce is focused on deepening its vertical software stack by combining core business management tools with adjacent solutions that fill workflow gaps. The company is also using acquisitions, such as ZyraTalk, to add AI-enabled customer engagement and extend its platform across more of the service SMB value chain.

Deepen vertical integrationMedium term

A more complete workflow stack improves retention and makes the platform harder to replace.

Expand cross-sell and wallet shareShort term

The customer base is fragmented and small, so incremental product adoption can lift revenue per account.

Add AI-enabled automationMedium term

AI can improve customer engagement and differentiate the platform versus manual or generic tools.

Pursue selective acquisitions and integrationMedium term

Acquisitions can add capabilities and market reach, but only if integration is successful.

Geography

Q1/2026

EverCommerce serves a global customer base, with about 68% of customers based in the United States and about 32% international as of year-end 2025. The company does not disclose a country revenue split in the provided excerpts, but its footprint shows meaningful exposure to both U.S. and non-U.S. service SMB markets. Geography matters because product localization, regulation, and payment infrastructure differ across home, health, and wellness end markets.

United States88 %
Other countries (US filing)12 %

Share of the revenue the company reports by geography.

Risks

EverCommerce faces execution risk because it serves fragmented, competitive SMB markets and must keep its platform relevant across multiple verticals. Its model also depends on successful product integration, customer retention, and compliance with industry-specific regulations, while acquisitions and divestitures add integration and transition risk.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Intense competition across vertical and horizontal software markets1Customer retention and cross-sell execution2Cybersecurity and platform uptime3Acquisition and divestiture integration4Regulatory and compliance exposure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Intense competition across vertical and horizontal software marketsImpact: HighLikelihood: High

    Customers can choose manual processes, niche vertical vendors, or broad platforms like Salesforce, Intuit, and Square.

    ExposureHome ServicesHealth ServicesWellness Services
  2. Customer retention and cross-sell executionImpact: HighLikelihood: High

    The company relies on keeping small SMB customers on the platform and expanding product adoption over time.

    Exposure: Long-tail SMB base

  3. Cybersecurity and platform uptimeImpact: HighLikelihood: Medium

    The platform supports payments, customer data, and daily workflows, so outages or breaches could damage trust and revenue.

    Exposure: Cloud software and payment processing

  4. Acquisition and divestiture integrationImpact: MediumLikelihood: Medium

    The business has been reshaped by sales and acquisitions, which can disrupt operations and dilute management focus.

    Exposure: ZyraTalk acquisition; marketing technology and fitness divestitures

  5. Regulatory and compliance exposureImpact: MediumLikelihood: Medium

    Health services, payments, and data handling create legal and operational compliance requirements.

    Exposure: Health Services and payment solutions

Accounting

Judgemental items
Revenue recognition by stream

Subscription, transaction, services, and hardware revenue are recognized differently and affect comparability.

Impact: Mix shifts can change reported growth and gross margin

Net presentation of payment processing fees

Processing revenue is recorded net of interchange and card/ACH costs, reducing reported top line versus gross volume.

Impact: Affects revenue scale and margin interpretation

Adjusted EBITDA and non-GAAP adjustments

Management excludes D&A, stock compensation, and transaction-related costs, which can materially change profitability optics.

Impact: Important for comparing operating performance across periods

Goodwill and intangible asset impairment

The company has grown through acquisitions and divestitures, increasing the need to test acquired assets for impairment.

Impact: Could create non-cash charges if acquired businesses underperform

Lease and debt accounting

The company discloses lease and credit facility obligations that affect leverage and fixed commitments.

Impact: Impacts balance sheet obligations and cash flow flexibility

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026