EverCommerce Inc EVCM

Information TechnologySoftware & IT ServicesUnited States of America

Last close 9.16 USD on Nov 1, 2026, −24.4% year to date

Quant rating

Quant rating C Rank 267 of 389 in Information Technology

Growth D 309 of 389
Valuation B 147 of 389
Quality C 226 of 389
Revisions C 184 of 389
Momentum D 317 of 389

Wall Street consensus Hold (2.75)Average target 10.67 USD +16.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.6B
Enterprise value: 2.0B
52-week range: 6.22 – 14.41
3-year range: 6.22 – 14.41
Dividend yield: –
Beta (5 years): 0.65
Shares outstanding: 177M
Next earnings: Nov 5, 2026

About the company

EverCommerce Inc. is a service commerce platform, providing vertically-tailored, integrated Software-as-a-Service (SaaS) solutions for service-based small- and medium-sized businesses. The Company's platform spans the full life cycle of interactions between consumers and service professionals with vertical-specific applications. It serves customers in three verticals: EverPro, EverHealth and EverWell. Its EverPro solutions are built for home service professionals, with varying specialized functionality for micro-verticals. Its EverHealth solutions include practice management and electronic health record (EHR) / electronic medical record (EMR) software. Its EverWell solutions are built for wellness service professionals. The Company also offers select solutions including education, non-profit, pet care and automotive repair, among others. It provides end-to-end business management software, embedded payment acceptance, and customer experience applications in other service verticals.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	589	562	535	621	490	–
Revenue growth	4.8%	5.1%	−13.8%	26.6%	45.2%	11.8%
EPS (basic, normalized)	0.72	0.69	0.53	0.46	−0.32	–
EPS growth	4.3%	30.2%	15.2%	–	–	–
Gross margin	77.6%	77.8%	76.2%	65.0%	66.9%	72.7%
Net margin	3.1%	−2.7%	−9.5%	−9.6%	−19.8%	−7.7%
ROE	2.5%	−1.9%	−5.9%	−6.3%	−10.9%	−4.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	133
Current ratio	2.14x
Long-term debt (mil)	515
Net debt (mil)	387
Total equity (mil)	715
Net debt / equity	0.54x
Net debt / EBITDA	2.15x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	589	+4.8%	3.4x	181	+5.1%	11.1x	0.72	+4.3%	12.7x
2026	613	+4.1%	3.3x	185	+2.5%	10.8x	0.82	+13.4%	11.2x
2027	643	+4.9%	3.1x	197	+6.5%	10.2x	0.79	−3.6%	11.6x
2028	672	+4.5%	3.0x	204	+3.4%	9.8x	0.81	+2.9%	11.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	613	0.0%	−0.9%	−1.1%	0.82	0.0%	+1.2%	+15.6%
2027	643	0.0%	−1.7%	−2.0%	0.79	0.0%	+1.0%	+0.1%
2028	672	0.0%	−2.0%	−2.7%	0.81	0.0%	0.0%	−4.7%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	170	177	176	175	142	148	147	151	147	152
Sales mean (mil)	162	172	175	170	140	146	148	150	147	152
Surprise	+4.9%	+3.3%	+0.8%	+2.7%	+1.9%	+1.5%	−0.3%	+0.7%	+0.2%	−0.2%
EPS reported	0.15	0.16	0.13	0.26	0.12	0.20	0.22	0.19	0.19	0.20
EPS mean	0.11	0.13	0.14	0.14	0.14	0.15	0.15	0.15	0.15	0.17
Surprise	+34.6%	+26.5%	−4.2%	+89.1%	−13.7%	+36.4%	+45.4%	+30.3%	+25.3%	+17.0%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
EVCM EverCommerce Inc	1.6B	2.15x	3.1%	2.26x	11.2x	11.6x	10.8x	10.2x
MSFT Microsoft Corporation	3.88T	0.22x	40.3%	8.24x	26.2x	21.9x	16.2x	13.1x
ORCL Oracle Corporation	396.1B	2.81x	26.6%	5.92x	16.0x	11.9x	9.4x	6.6x
PANW Palo Alto Networks, Inc.	299.4B	−0.31x	2.7%	10.85x	87.5x	75.0x	60.0x	51.7x
CRWD CrowdStrike Holdings, Inc.	256.4B	−3.19x	−3.4%	50.26x	199.4x	155.9x	139.0x	106.5x
SHOP Shopify Inc.	202.6B	−2.48x	10.7%	16.01x	83.1x	64.3x	70.8x	53.4x
Mean		−0.13x	13.3%	15.59x	70.6x	56.8x	51.0x	40.3x
Median		−0.05x	6.9%	9.54x	54.7x	43.1x	38.1x	32.4x

Technical analysis

1M+14.9%
3M−23.7%
1Y−23.9%
3Y−4.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, EverCommerce Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	589	562	535	621	490	338
Cost of revenue	132	125	127	217	162	115
Gross profit	457	437	407	403	328	223
Selling, general & administrative expenses	251	243	237	252	204	137
Research & development	79.0	76.2	72.1	71.6	49.5	30.4
Depreciation/amortization	67.2	80.7	94.9	111	101	76.8
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0.1	11.7	6.3	0	28.7	0
Other operating expenses	0	0	0	0	0	0
Operating income	59.2	26.2	−2.9	−30.6	−55.9	−22.0
Net interest income (expense)	−38.1	−35.6	−46.4	−33.9	−36.1	−41.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	21.2	−9.4	−49.3	−64.5	−92.0	−63.6
Provision for taxes	3.0	5.8	1.4	−4.7	−10.1	−3.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	18.2	−15.2	−50.7	−59.8	−82.0	−60.0
Extraordinary items	−0.6	−25.9	5.1	–	–	–
Net income	17.6	−41.1	−45.6	−59.8	−82.0	−60.0
EBIT, normalized	79.2	64.2	20.9	−22.8	−19.1	−22.0
EBITDA, normalized	146	145	116	88.0	82.1	55.0
Basic EPS, normalized	0.72	0.69	0.53	0.46	−0.32	–

Balance sheet in millions of USD, fiscal years

Balance sheet, EverCommerce Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	130	136	92.6	92.6	94.0	96.0
Receivables	48.7	53.5	61.5	61.0	51.6	34.8
Total inventory	–	–	–	–	–	–
Prepaid expenses	34.4	29.1	22.4	23.8	22.5	10.7
Other current assets	0	0	3.6	3.2	3.6	2.3
Total current assets	213	218	180	181	172	144
Property, plant & equipment	14.0	17.6	25.6	33.7	13.5	14.7
Goodwill	894	886	927	914	921	668
Intangibles	223	271	358	438	533	487
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	28.0	28.5	26.9	25.1	24.3	14.1
Total assets	1,372	1,421	1,518	1,592	1,663	1,328
Liabilities
Accounts payable	5.1	8.0	8.6	8.4	10.3	11.1
Payable/accrued	–	–	–	–	–	–
Accrued expenses	55.8	58.5	66.3	57.0	49.3	46.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	5.5	5.5	5.5	5.5	10.9	7.3
Other current liabilities	34.2	38.7	37.0	34.2	32.8	21.9
Total current liabilities	101	111	117	105	103	86.7
Long-term debt	518	522	527	531	535	691
Minority interest	–	–	–	–	–	–
Other liabilities	36.4	37.3	48.0	49.0	39.1	30.7
Total liabilities	655	670	692	685	678	808
Shareholders' equity
Preferred stock	0	0	0	0	0	908
Common stock	0	0	0	0	0	0
Additional paid-in capital	1,373	1,426	1,454	1,490	1,501	40.6
Retained earnings (accumulated deficit)	−643	−661	−620	−573	−513	−431
Treasury stock	–	–	–	–	–	–
Other equity	−12.7	−14.3	−8.0	−10.2	−1.8	1.5
Total equity	717	751	826	907	986	519
Total liabilities & shareholders' equity	1,372	1,421	1,518	1,592	1,663	1,328

Cash flow statement in millions of USD, fiscal years

Cash flow statement, EverCommerce Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	17.6	−41.1	−45.6	−59.8	−82.0	−60.0
Depreciation, depletion & amortization	68.4	88.8	104	111	101	76.8
Deferred taxes	−0.1	2.7	−1.7	−7.5	−12.0	−4.3
Non-cash items	51.2	68.5	42.3	39.2	58.4	18.8
Changes in working capital	−25.6	−5.8	5.4	−17.9	−28.4	26.1
Cash from operations	111	113	105	64.8	37.5	57.5
Investing activities
Capital expenditures	−31.9	−18.9	−23.1	−18.1	−14.8	−13.1
Other investing cash flows	1.3	6.6	−14.9	0	−365	−405
Cash from investing	−30.6	−12.3	−38.0	−18.1	−380	−418
Financing activities
Financing cash flow items	−7.7	−3.8	0	0	−8.1	−7.4
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−79.9	−55.8	−66.6	−47.3	349	409
Cash from financing	−87.6	−59.6	−66.6	−47.3	341	402
Foreign exchange effects	0.6	−1.6	0.4	−1.1	0.2	−0.1
Net change in cash	−6.1	39.6	0.4	−1.7	−0.8	41.0
Free cash flow	79.6	94.3	81.5	46.7	22.7	44.5

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.