EverCommerce (EVCM) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue grew 5.2% year-over-year to $151.2 million, exceeding guidance midpoint, with Adjusted EBITDA of $44.2 million at a 29.2% margin and strong cross-sell momentum.

• Completed the sale of the Marketing Technology Solutions business and acquired ZyraTalk to accelerate AI initiatives and workflow automation.

• Repurchased 2.5 million shares for $24.8 million in Q4, with $47.7 million remaining under authorization and $85 million deployed for repurchases in 2025.

• Embedded AI-first strategy across all verticals, with significant progress in EverHealth and EverPro, and management aiming to accelerate AI capabilities and sales velocity in 2026.

• Net income from continuing operations was $5.7 million in Q4 2025, with full-year net income of $18.2 million.

Financial highlights

• Q4 2025 revenue: $151.2 million, up 5.2% year-over-year; full-year revenue: $588.9 million; pro forma LTM revenue: $591.7 million, up 6.4%.

• Adjusted EBITDA for Q4: $44.2 million (29.2% margin), flat year-over-year; full-year Adjusted EBITDA: $180.5 million; LTM margin: 30.7%.

• Adjusted gross profit in Q4: $117 million (77.5% margin); full-year adjusted gross profit: $456.8 million.

• Cash flow from operations for 2025: $111.5 million; levered free cash flow: $79.6 million; year-end cash: $129.7 million.

• Ended Q4 with $130 million in cash and $155 million undrawn revolver capacity.

Outlook and guidance

• Q1 2026 revenue guidance: $145.5–$148.5 million; Adjusted EBITDA: $39–$41 million.

• Full-year 2026 revenue guidance: $612–$632 million; Adjusted EBITDA: $183–$191 million.

• Expect stronger growth in Q2 and Q3 due to seasonality and continued AI and payments investments.