Exceeded Revenue and EBITDA Guidance
Fourth-quarter reported revenue exceeded the top end of guidance with a GAAP revenue increase of 3.3% year over year and adjusted EBITDA of $50.4 million, representing a 28.8% margin.
Strong Payments Revenue Growth
Payments revenue, excluding fitness solutions, grew 8.9% year over year, driven by 9% growth in Total Payment Volume (TPV), which expanded to over $12.6 billion.
Customer Base Expansion
Customer count grew by more than 7% year over year, with the company serving over 740,000 customers across three major verticals.
High Adjusted EBITDA Margin
For the full year, EverCommerce Inc. achieved a 25.3% adjusted EBITDA margin, reflecting a 230 basis point expansion.
Cash Flow and Financial Liquidity
Generated significant free cash flow with cash flow from operations at $48.4 million in Q4 and levered free cash flow of $43.8 million, ending the quarter with $136 million in cash and cash equivalents.
Strategic Leadership Appointments
Announced key leadership changes with Josh McCarter as CEO of EverPro and Evan Berlin as CEO of EverHealth to drive future growth.