EverCommerce Inc.

Second-quarter revenue was $152 million, up 2.7% year over year; subscription and transaction revenue was $147.4 million. Adjusted gross profit was $119.5 million, with adjusted gross margin of 78.6%. Adjusted EBITDA was $44.5 million, implying a 29.3% margin. On an LTM basis, pro forma revenue was $599 million, up 3.7%, and adjusted EBITDA margin was 29.4%. For Q3 2026, EverCommerce expects revenue of $151.5 million to $154.5 million and adjusted EBITDA of $44 million to $46 million. For full-year 2026, the company reiterated revenue guidance of $612 million to $632 million and adjusted EBITDA guidance of $183 million to $191 million, while saying results are now expected toward the lower end of those ranges.

Eric Remer framed the quarter as solid and emphasized that EverCommerce has a strong foundation, differentiated vertical businesses, and a significant opportunity to create more value through payments, automation, AI, and multi-solution adoption. He used the call to announce his retirement as CEO after nearly two decades, saying the timing was right for a smooth transition and that he believes the company is positioned for its next chapter. In closing, he stressed confidence in the team and reiterated the company’s strategy centered on AI, payments, and cross-sell.

Ryan Siurek highlighted that revenue came in at $152 million, adjusted EBITDA at $44.5 million, adjusted gross profit at $119.5 million, and adjusted EBITDA margin at 29.3%. He said operating expenses rose as a percentage of revenue from 47.1% to 49.3% because of targeted growth investments in sales, marketing, and product development, including ZyraTalk costs. He also pointed to cash generation: cash flow from operations was $28.5 million, levered free cash flow was $19.5 million, adjusted unlevered free cash flow was $28.7 million, and the company ended with $133 million in cash and $524 million of debt, with net leverage at about 2.2x. Capital allocation included repurchasing about 1.4 million shares for $14.8 million at an average price of $10.32, leaving about $19.2 million under the authorization through the end of 2026.

Analysts focused on why management now expects the full-year to land at the low end of guidance and what would drive a Q4 reacceleration. Management said pricing actions should have their full impact in Q4, organic growth should ramp later in the year, and the guidance is based on current run-rate assumptions rather than expecting a dramatic turnaround. Questions also centered on slower EverPro new customer acquisition; management tied that to evolving AI-driven search behavior, said it has a plan involving technical optimization and AI-focused content, and noted leading indicators are starting to improve. Another theme was the payments mix: management said the legacy payments base is being kept stable for cash generation while investment is directed toward the top 6 solutions, where growth is stronger.