EverCommerce (EVCM) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was $147.5 million, up 3.6% year-over-year, exceeding guidance midpoint, with adjusted EBITDA of $40.7 million and a 27.6% margin.

• Net income from continuing operations rose to $7.2 million ($0.04 per share), up from $0.9 million in Q1 2025.

• Multi-product adoption and cross-sell expansion accelerated, with 32% year-over-year growth in customers using more than one solution.

• AI integration and workflow automation are central to growth, with significant investments and the completed acquisition of ZyraTalk.

• Repurchased 1.3 million shares for $13.9 million in Q1; $33.9 million remains in repurchase authorization.

Financial highlights

• Pro forma LTM revenue was $596 million, up 5.2% year-over-year; Q1 adjusted gross profit was $114.8 million with a margin of 77.8%.

• Adjusted operating expenses rose to 50.3% of revenue, reflecting targeted investments.

• Cash flow from operations was $24.6 million for Q1; levered free cash flow was $16.6 million.

• Ended Q1 with $129.3 million in cash and $155 million undrawn revolver capacity.

• Adjusted EBITDA margin for Q1 2026 was approximately 27.6%.

Outlook and guidance

• Q2 2026 revenue expected at $150.5–$153.5 million; adjusted EBITDA at $41–$43 million.

• Full-year 2026 guidance: revenue of $612–$632 million and adjusted EBITDA of $183–$191 million.

• Anticipates back-half acceleration driven by pricing actions, AI monetization, and growth in top solutions.

• Management expects continued investment in product development and sales/marketing to support future growth.

• Existing cash and credit facilities expected to fund operations and capital needs for at least the next twelve months.