EverCommerce Announces Third Quarter 2026 Financial Results

(NASDAQ:EVCM) EverCommerce Inc. reported financial results for the quarter ended September 30, 2026. Revenue from continuing operations was $151.4 million, representing an increase of 2.7% compared to $147.5 million for the same quarter in 2025. Pro Forma Revenue increased 2.1% to $151.4 million, compared to $148.3 million for the quarter ended September 30, 2025. Subscription and transaction fees revenue from continuing operations was $148.2 million, up 4.2% from $142.2 million in the prior year period. Pro Forma subscription and transaction fees revenue increased 3.6% to $148.2 million, compared to $143.1 million for the quarter ended September 30, 2025. Net income from continuing operations was $6.0 million, or $0.03 per basic and diluted share, compared to $5.8 million, or $0.03 per basic and diluted share, for the quarter ended September 30, 2025. Adjusted EBITDA from continuing operations was $45.0 million for the quarter, compared to $46.5 million for the same period in 2025. CEO Alex Goor stated that third quarter revenue was below the low end of guidance, primarily due to non-MRR items such as vendor rebates and Security & Alarm milestone delays, as well as continued softness in organic search–driven customer acquisition. He emphasized the company's focus on strengthening business fundamentals and targeted investment in paid media for PLG businesses to drive new customer acquisition. The company made meaningful changes to its leadership team in recent months and plans to invest dynamically to accelerate growth, with the expectation that revenue will reaccelerate as the company exits 2027. On September 11, 2026, the Board of Directors approved a $25.0 million increase in the stock repurchase authorization, bringing the total authorization to $325.0 million through December 31, 2027. During the three months ended September 30, 2026, the company repurchased and retired 1.6 million shares of common stock for approximately $15.7 million. As of September 30, 2026, $28.5 million remained available under the Repurchase Program. Repurchases may be made in the open market or in privately negotiated transactions, and may be structured under Rule 10b-18 or Rule 10b5-1 plans. The company expects to fund repurchases with cash on hand. For the full year 2026, EverCommerce expects revenue to be approximately $600 million and Adjusted EBITDA to be approximately $170 million. The company serves more than 745,000 SMB customers worldwide with its software solutions.