Earnings ·
EverCommerce reports Q3 revenue of $151.4M and raises buyback authorization by $25M
EVCMEverCommerce Inc.
EverCommerce reported third-quarter revenue from continuing operations of $151.4 million, a 2.7% increase year-over-year, while net income was $6.0 million or $0.03 per share. Adjusted EBITDA came in at $45.0 million, slightly below the prior year's $46.5 million. The company announced a $25.0 million increase to its existing stock repurchase authorization, bringing the total program capacity to $325.0 million through December 2027. During the quarter, EverCommerce repurchased and retired 1.6 million shares for approximately $15.7 million. The company also issued full-year 2026 guidance expecting revenue of approximately $600 million and Adjusted EBITDA of approximately $170 million. EverCommerce provides integrated software-as-a-service solutions to service-based small and medium-sized businesses.