EverCommerce Inc.
- Open
- 8.08
- Day high
- 8.10
- Day low
- 7.78
- Prev close
- 8.07
- Volume
- 182K
- Mkt cap
- $1.4B
- P/E (TTM)
- 42.7
- EPS (TTM)
- $0.19
- P/B
- 2.0
- P/S
- 2.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$5.2M over the last 3 months (0 open-market buys, 46 sales)
- 🏛Institutions mixed (13F)
EverCommerce Inc. (EVCM) is a Technology company listed on NASDAQ. The stock is down 31% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 46 sales (SEC Form 4).
EverCommerce Inc. (EVCM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EVCM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $0.15 | $0.24 | +64.0% | $152M | -0.2% |
| May 7, 2026 | $0.14 | $0.04 | -71.9% | $147M | +0.2% |
| Mar 12, 2026 | $0.05 | $0.03 | -27.0% | $151M | +0.7% |
| Nov 6, 2025 | $0.03 | $0.03 | +0.0% | $147M | -1.7% |
| Aug 6, 2025 | $-0.01 | $0.03 | +400.0% | $148M | +0.0% |
| May 8, 2025 | $0.04 | $0.01 | -75.0% | $142M | -2.7% |
| Mar 13, 2025 | $0.02 | $-0.07 | -450.0% | $175M | +16.9% |
| May 9, 2024 | $-0.06 | $-0.09 | -50.0% | $170M | +4.9% |
| Mar 14, 2024 | $-0.09 | $-0.12 | -28.4% | $169M | -1.7% |
| Mar 15, 2023 | $0.09 | $-0.04 | -144.4% | $162M | +2.0% |
| Nov 10, 2022 | $0.09 | $-0.04 | -144.4% | $158M | -1.3% |
| Mar 14, 2022 | $0.07 | $-0.01 | -114.3% | $136M | +4.0% |
EVCM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 3,505 | $9.06 |
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 11,568 | $9.09 |
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 8,041 | $9.25 |
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 18,316 | $8.97 |
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 9,142 | $9.18 |
| Aug 27, 2026 | Remer Eric Richarddirector | Sell | 6,553 | $9.24 |
| Aug 24, 2026 | Siurek Ryan Hofficer: Chief Financial Officer | Tax | 606 | $9.68 |
| Aug 24, 2026 | Remer Eric Richarddirector | Sell | 16,602 | $9.63 |
| Aug 24, 2026 | Remer Eric Richarddirector | Sell | 13,974 | $9.57 |
| Aug 24, 2026 | Storey Lisa Eofficer: Chief Legal Officer | Sell | 1,228 | $9.64 |
| Aug 24, 2026 | Feierstein Matthew Davidofficer: President | Tax | 6,604 | $9.64 |
| Aug 24, 2026 | Siurek Ryan Hofficer: Chief Financial Officer | Tax | 1,396 | $9.64 |
| Aug 20, 2026 | Remer Eric Richarddirector | Sell | 9,355 | $10.17 |
| Aug 20, 2026 | Remer Eric Richarddirector | Sell | 11,558 | $10.17 |
| Aug 20, 2026 | Siurek Ryan Hofficer: Chief Financial Officer | Sell | 3,188 | $10.16 |
Source: EVCM SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full EVCM insider & 13F page →EverCommerce Inc. company profile
Overview
EverCommerce Inc. (NASDAQ:EVCM) is a Denver-based software company that went public in July 2021, providing integrated software-as-a-service (SaaS) solutions specifically designed for service-based small and medium-sized businesses. Originally founded in 2016 as PaySimple Holdings, the company rebranded to EverCommerce in December 2020 to better reflect its expanded mission of serving the broader commerce needs of service businesses. Through a combination of organic growth and strategic acquisitions, EverCommerce has built a comprehensive platform that serves over 740,000 customers across home services, healthcare, and fitness and wellness sectors, making it one of the leading vertical SaaS providers in the service business market.
Business
EverCommerce operates in the vertical software-as-a-service industry, specifically targeting service-based small and medium businesses (SMBs) with integrated business management solutions. The company's core offering centers around system-of-action software - essential business management tools that these service businesses use daily to run their operations, combined with embedded payment processing and customer engagement solutions. The company organizes its solutions into three main vertical suites. EverPro serves the home services market, providing route-based dispatching software, customer relationship management, and business operations tools for contractors, home improvement professionals, and maintenance technicians. This segment represents the largest portion of the business. EverHealth targets healthcare providers with medical practice management software, billing solutions, and patient engagement tools for physician practices, therapists, and other healthcare service providers. EverWell focuses on the fitness and wellness sector, offering gym member management systems, scheduling software, and customer engagement solutions for personal trainers, fitness centers, and salon owners. Beyond the core vertical software offerings, EverCommerce provides several horizontal solutions that work across all verticals. These include embedded payment processing that integrates directly into the business management software, allowing customers to accept payments seamlessly within their workflow. The company also offers customer engagement applications such as reputation management and messaging solutions, and marketing technology solutions including website hosting, digital lead generation, and online presence management tools. The payment processing component is particularly significant, as EverCommerce processes over $12.7 billion in total payment volume annually. This embedded payments approach differentiates the company from traditional payment processors by integrating payment acceptance directly into the business workflow, reducing friction and increasing customer stickiness. The company also provides professional services including implementation, configuration, and training to help customers maximize the value of their software investments.
Revenue model
EverCommerce operates a multi-faceted business model centered on recurring subscription revenue complemented by transaction-based payments revenue. The primary revenue stream comes from subscription and transaction fees, which generated $137.8 million in Q1 2025, representing approximately 97% of total revenue. This includes monthly or annual software subscriptions for the core business management platforms, with typical pricing based on the number of users, locations, or transaction volume. The embedded payments revenue represents a significant growth driver, accounting for approximately 21% of overall revenue and growing at 8.4% year-over-year. Unlike traditional payment processors that charge standalone transaction fees, EverCommerce embeds payment processing directly into the software workflow, earning interchange and processing fees on the $12.7 billion in annual payment volume processed through its platform. This creates a powerful network effect where increased software usage drives more payment volume. The company's customers are primarily service-based SMBs with 1-50 employees, including home improvement contractors, medical practices, fitness centers, and personal service providers. These businesses typically pay between hundreds to thousands of dollars annually for software subscriptions, with additional transaction-based fees for payment processing. The company has demonstrated pricing power, with average revenue per user growing approximately 8% year-over-year as customers adopt additional solutions. Several factors influence EverCommerce's margins and profitability. Positive margin drivers include the high switching costs inherent in business management software, the increasing adoption of higher-margin embedded payments, and operational leverage as the company scales its customer base across its fixed cost infrastructure. Cross-selling additional solutions to existing customers provides particularly attractive unit economics, as evidenced by 244,000 customers now enabled for multiple solutions. Margin pressures come from competitive dynamics in the crowded SMB software market, the need for continuous product development and customer acquisition investments, and the company's ongoing transformation initiatives involving organizational restructuring and vendor consolidation. Additionally, macroeconomic pressures on small businesses could impact customer acquisition, retention, and willingness to adopt premium features, though management has not observed significant macro impacts to date.
Competitive moat
EverCommerce's competitive moat is moderately strong but faces ongoing challenges in the highly competitive SMB software market. The company's primary defensive characteristics stem from the mission-critical nature of its business management software and the high switching costs associated with changing core operational systems. Service businesses rely on these platforms for daily operations including scheduling, customer management, billing, and payment processing, making switching disruptive and costly. The embedded payments strategy creates additional stickiness by integrating payment processing directly into business workflows. Once customers process payments through the platform, switching becomes more complex as it requires changing both software and payment processing relationships simultaneously. This integration also provides EverCommerce with valuable transaction data and creates network effects that strengthen over time. However, the company's moat faces several competitive pressures. The vertical SaaS market for SMBs is highly fragmented with numerous competitors targeting similar customer segments. Larger technology companies like Square, Intuit, and Salesforce offer competing solutions with greater resources for product development and customer acquisition. Additionally, the relatively low barriers to entry in software development mean new competitors can emerge targeting specific niches or offering more modern user experiences. The company's scale advantages in serving over 740,000 customers provide some defensive benefits through operational leverage and data insights, but these advantages are not insurmountable. EverCommerce's challenge lies in maintaining growth while defending market share against both established players and emerging competitors who may offer more specialized or technologically advanced solutions. The strength of the moat varies significantly by vertical and customer segment. In more specialized areas where EverCommerce has deep domain expertise and integrated solutions, the competitive position is stronger. However, in more commoditized segments or where customers have simpler needs, the moat is weaker and more susceptible to competitive pressure.
Risks & safety
EverCommerce demonstrates solid financial stability with adequate liquidity and manageable debt levels, though profitability remains elusive at the net income level. **Liquidity and Solvency:** - Cash and short-term investments: $148.4 million as of Q1 2025 - Current ratio: 2.29x indicating strong short-term liquidity - Additional $190 million undrawn revolving credit capacity - Positive operating cash flow: $30.7 million in Q1 2025, $113.2 million for full year 2024 - Free cash flow positive: $25.1 million in Q1 2025, $94.3 million for full year 2024 **Debt Profile:** - Very low debt-to-equity ratio: 0.007x as of Q1 2025 - Minimal financial leverage reduces solvency risk - No significant debt maturities creating near-term refinancing pressure **Valuation Considerations:** - Trading at 2.5x price-to-book ratio - Negative EBITDA in Q1 2025 makes traditional valuation metrics challenging - Enterprise value reflects growth expectations rather than current profitability - Revenue multiple appears reasonable for a growing SaaS business **Other Risk Factors:** - Consistent net losses raise questions about path to sustained profitability - High customer acquisition costs in competitive SMB market - Dependence on successful cross-selling and payment adoption to drive unit economics - Ongoing transformation costs impacting near-term margins
Recent development
Over the past few years, EverCommerce has undergone significant strategic transformation focused on operational optimization and vertical specialization. The company has moved away from a broad horizontal approach to concentrate on three core verticals: EverPro (home services), EverHealth (healthcare), and EverWell (fitness and wellness). This shift included hiring vertical-specific leaders like Josh McCarter for EverPro and implementing decentralized functions for sales, marketing, and product development. A major strategic initiative has been the embedded payments expansion, with management prioritizing payment attachment at the initial SaaS sale rather than treating it as a secondary upsell opportunity. This strategy has shown results, with payments revenue growing 8.4% year-over-year and now representing 21% of total revenue. The company processes over $12.7 billion in annual payment volume, representing significant untapped potential given the estimated $100 billion addressable payment opportunity across its customer base. The company has also focused heavily on cross-selling and customer expansion, with 244,000 customers now enabled for multiple solutions (28% year-over-year growth) and 99,000 actively utilizing multiple solutions (20% growth). This multi-solution strategy improves unit economics and customer lifetime value while reducing churn through increased switching costs. Artificial intelligence integration has emerged as a key focus area, with management implementing AI capabilities across customer-facing software, internal product development workflows, and operational processes to improve efficiency and competitive positioning. Additionally, the company has been exploring strategic alternatives for its marketing technology solutions segment to become a more focused pure-play SaaS and embedded payments platform. Recent transformation and optimization initiatives include third-party vendor consolidation, real estate footprint rationalization, hosting infrastructure optimization, and organizational restructuring. These efforts are expected to deliver full run-rate benefits by 2026 while improving operational efficiency and margins.
EVCM company profile · for informational purposes only — not investment advice.
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