Loading...
•
Dec 31, 2024
EverCommerce Q4 2024 Earnings Report
EverCommerce reported moderate revenue growth and a strong improvement in adjusted EBITDA for Q4 2024.
Key Takeaways
EverCommerce posted revenue of $175.0 million, up 3.3% year-over-year. Subscription and transaction fee revenue grew 4.2%, reaching $139.0 million. The company reported a net loss of $12.2 million but saw adjusted EBITDA rise to $50.4 million, demonstrating improved profitability. EverCommerce also repurchased 0.6 million shares during the quarter.
Total revenue increased 3.3% YoY to $175.0 million.
Subscription and transaction fee revenue grew 4.2% to $139.0 million.
Adjusted EBITDA rose to $50.4 million, up from $43.1 million last year.
Net loss improved to $12.2 million, compared to $23.3 million in Q4 2023.
EverCommerce
EverCommerce
EverCommerce Revenue by Segment
Revenue by Segment
Subscription and transaction fees Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
EverCommerce expects stable revenue growth in FY25, with continued margin expansion and strategic investments in SaaS and embedded payments.
Positive Outlook
- Projected revenue between $581 million and $601 million for FY25.
- Adjusted EBITDA expected to be in the range of $167.5 million to $175.5 million.
- Strong focus on SaaS and embedded payment growth initiatives.
- Expected divestiture of marketing technology solutions to streamline operations.
- Continued execution of share repurchase program with $32.7 million remaining.
Challenges Ahead
- Macroeconomic challenges could impact SMB spending on SaaS solutions.
- Potential revenue reduction due to the planned sale of marketing technology solutions.
- Ongoing investments in AI and technology may pressure short-term profitability.
- Stock-based compensation expenses remain a factor in GAAP net losses.
- Interest expenses and debt obligations could weigh on net earnings.