EverCommerce Cuts 2026 Revenue Outlook After Third-Quarter Miss

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter revenue from continuing operations was $151.4 million, below the low end of the $151.5 million to $154.5 million range the company had set in August.

EverCommerce Inc. (EVCM), a provider of vertically tailored software for service-based small and medium-sized businesses, reported third-quarter revenue from continuing operations of $151.4 million, below the low end of the $151.5 million to $154.5 million range it had issued in August.

Year-over-year growth held at 2.7% from $147.5 million a year earlier. Pro Forma Revenue rose 2.1% to $151.4 million from $148.3 million. Sequential revenue slipped from $152.0 million in the second quarter.

Chief Executive Officer Alex Goor said the miss was driven primarily by non-MRR items, including vendor rebates and Security & Alarm milestone delays, along with continued softness in organic search–driven customer acquisition. He said Adjusted EBITDA came in at the midpoint of the company’s range.

Subscription and transaction fees revenue from continuing operations was $148.2 million, up 4.2% from $142.2 million a year earlier. Pro Forma subscription and transaction fees revenue rose 3.6% to $148.2 million from $143.1 million. Other revenue fell to $3.3 million from $5.3 million a year earlier, dragging total revenue growth below the subscription-and-transaction-fee rate.

Net income from continuing operations was $6.0 million, or $0.03 a share, compared with $5.8 million, or $0.03 a share, a year earlier. Adjusted EBITDA from continuing operations declined to $45.0 million from $46.5 million a year earlier. Operating income fell to $12.8 million from $16.0 million as sales and marketing rose to $33.3 million from $26.5 million.

The company had said in August that full-year 2026 results were expected to trend toward the lower end of its then-current ranges. On November 5, 2026, it cut full-year revenue guidance to approximately $600 million from a prior range of $612 million to $632 million, and cut Adjusted EBITDA guidance to approximately $170 million from $183 million to $191 million.

Goor said the updated outlook reflects where the company exited the quarter and includes targeted investment in paid media for its product-led-growth businesses to drive new customer acquisition. He said the company has made leadership changes over several months and that it will invest dynamically as it identifies opportunities to accelerate growth. He said management is confident it is taking steps to return EverCommerce to long-term profitable growth, with revenue reaccelerating as it exits 2027.

On September 11, 2026, the board approved a $25.0 million increase in the stock-repurchase authorization in effect through December 31, 2027, bringing total authorization to up to $325.0 million. The company repurchased and retired 1.6 million shares for approximately $15.7 million in the three months ended September 30, 2026, leaving $28.5 million available. It said it expects to fund repurchases with cash on hand.

Cash and cash equivalents were $139.0 million at September 30, 2026. Long-term debt, net of current maturities and deferred financing costs, was $514.2 million.

The company said it enables more than 745,000 SMB customers worldwide through EverPro, EverHealth and EverWell.