EverCommerce (EVCM) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was $147.5 million, up 3.6% year-over-year, exceeding guidance midpoint, with adjusted EBITDA at $40.7 million and a 27.6% margin.

• Net income from continuing operations rose to $7.2 million ($0.04 per share), up from $0.9 million in Q1 2025.

• Multi-product adoption and AI integration drove 32% year-over-year growth in customers using more than one solution.

• 1.3 million shares were repurchased for $13.9 million in Q1, with $33.9 million remaining under the repurchase program.

• Completed ZyraTalk AI acquisition and marketing technology business divestiture, enhancing AI capabilities and focusing on core operations.

Financial highlights

• Pro forma LTM revenue was $596 million, up 5.2% year-over-year.

• Adjusted gross profit for Q1 was $114.8 million, with a margin of 77.8%.

• Cash flow from operations was $24.6 million for the quarter; levered free cash flow was $16.6 million.

• Ended Q1 with $129.3 million in cash and $155 million undrawn revolver capacity.

• Subscription and transaction fees revenue grew 3.1% to $142.1 million; other revenue rose 19.4% to $5.4 million.

Outlook and guidance

• Q2 2026 revenue expected at $150.5–153.5 million; adjusted EBITDA at $41–43 million.

• Full-year 2026 guidance: revenue of $612–632 million and adjusted EBITDA of $183–191 million.

• Management expects continued investment in product development and sales/marketing to support future growth.

• Existing cash, cash equivalents, and credit facilities are expected to be sufficient to fund operations and capital needs for at least the next twelve months.

• Back half acceleration expected from pricing actions, AI monetization, and growth in top solutions.