Summary
EverCommerce reported third quarter fiscal 2025 revenue of $147.5 million, up 5.3% from the prior-year quarter. Year-to-date revenue was $437.8 million, up 4.6%. Operating income rose 57.1% to $15.95 million in the quarter, and year-to-date operating income rose 238.9% to $45.96 million. Operating margin was 10.8%, up 3.6 percentage points, while year-to-date operating margin was 10.5%, up 7.3 percentage points. Net income was $11.12 million, a swing to profit from a net loss in the prior-year quarter. Year-to-date net income was $11.56 million, also a swing to profit. Diluted EPS was $0.06 for the quarter and $0.06 year to date, both up from losses per share in the prior-year periods.
Cash generation improved. Operating cash flow rose 18.1% to $32.52 million in the quarter and rose 39.3% to $90.18 million year to date. Capital expenditures rose 447.1% to $0.94 million in the quarter. Deferred revenue fell 12.5% to $22.99 million, and remaining performance obligations fell 9.0% to $19.30 million. On a non-GAAP basis, Pro Forma Revenue increased 5.3% to $148.3 million, and Adjusted EBITDA from continuing operations was $46.5 million. Management said annualized net revenue retention from continuing operations was approximately 97%.
EverCommerce completed the acquisition of ZyraTalk on September 15, 2025 for approximately $36.1 million in cash, plus $6.5 million of contingent consideration. The acquisition helps to establish EverCommerce as an AI-driven innovator, beginning with near-term application in its Home and Field Services vertical, EverPro. Management said the key highlight of the quarter was the acquisition of ZyraTalk, cementing EverCommerce's leadership position in providing AI-forward solutions for service SMBs. The company also completed the sale of its marketing technology solutions business on October 31, 2025 for approximately $45 million in cash. During the quarter, EverCommerce repurchased and retired 2.6 million shares for approximately $29.1 million. On November 4, 2025, the board approved a $50.0 million increase to the repurchase authorization, bringing the total authorization to $300.0 million. As of September 30, 2025, $22.3 million remained available under the program before that increase.
Guidance points to fourth quarter 2025 revenue of $148 million to $152 million and Adjusted EBITDA of $39.5 million to $41.5 million. For the full year 2025, management guided revenue to $584 million to $592 million and Adjusted EBITDA to $174.5 million to $179.5 million. Management tied the outlook to continued execution against cost optimization plans while noting some macroeconomic impacts in isolated areas of non-SaaS revenue streams. The main risks include pressure on non-SaaS revenue, including lower rebates from group purchasing programs, intense competition, dependence on payment card networks and processors, and evolving regulation around artificial intelligence. The company also faces exposure to tariffs, inflation, interest rates, and foreign currency swings.
Forecast
Reported figures
GAAP, from SEC filings| Metric | Q3 FY2025 | Q2 FY2025 | QoQ | Q3 FY2024 | YoY |
|---|---|---|---|---|---|
| Revenue | $147.5M | $148.0M | -0.4% | $176.3M | -16.3% |
| Research & development | $19.4M | $19.5M | -0.6% | $20.1M | -3.5% |
| Sales & marketing | $26.5M | $30.6M | -13.3% | $30.6M | -13.2% |
| General & administrative | $35.4M | $32.1M | +10.1% | $34.3M | +3.0% |
| Total operating expenses | $131.5M | $132.2M | -0.5% | $166.3M | -20.9% |
| Operating income (loss) | $16.0M | $15.8M | +1.0% | $9.9M | +60.9% |
| Operating margin | 10.8% | 10.7% | +0.1 pp | 5.6% | +5.2 pp |
| Net income (loss) | $11.1M | $8.2M | +36.3% | -$9.2M | +221.4% |
| Net margin | 7.5% | 5.5% | +2.0 pp | -5.2% | +12.7 pp |
| Diluted EPS | $0.06 | $0.04 | +$0.02 | -$0.05 | +$0.11 |
| Customers | 740,000 | 740,000 | ±0.0% | 708,000 | +4.5% |
Risks
MD&A states the macroeconomic climate may continue to see pressure from international geopolitical conflicts, increased and proposed tariffs, trade restrictions, rising inflation, interest rate fluctuations and supply chain disruptions, which have had and may continue to have an adverse effect on revenues, demand and costs.
MD&A details $528.0 million outstanding under the Term Loan as of September 30, 2025 and interest rate swap agreements, and notes interest and other expense, net decreased 51.4% for the quarter but remains sensitive to interest rate and swap fair value changes.
On September 15, 2025, EverCommerce acquired ZyraTalk for approximately $36.1 million in cash plus $6.5 million of contingent consideration, and plans to extend the AI-powered solution across its verticals, creating integration and execution risk.
Annualized net revenue retention from continuing operations was approximately 97% for both quarters ended September 30, 2025 and 2024, flat, while deferred revenue decreased 12.5% and RPO decreased 9.0% in the current quarter versus the prior-year quarter, indicating limited expansion and backlog pressure.
SaaS KPIs
All quarters →Net Revenue Retention
Summary, forecast, risks and KPIs are extracted from EverCommerce Inc.'s SEC filings for Q3 FY2025 (10-Q / 10-K and the 8-K earnings release); GAAP figures in the summary are checked against the reported XBRL data. They can contain errors; the filings are authoritative. Processed Oct 1, 2026.