EverCommerce Inc. (NASDAQ: EVCM) is a service commerce platform providing integrated SaaS solutions tailored for various service-based industries, including home services, health services, and wellness. The company reported its financial results for the fourth quarter and full year of 2024 on March 13, 2025.

In this reporting period, EverCommerce showed signs of stability, with fourth quarter revenue reaching $175 million, a 3.3% increase from the prior year’s $169.4 million. On a pro forma basis, which adjusts for divestitures, revenue growth was more robust at approximately 7%, climbing from $163.6 million in Q4 2023. Subscription and transaction revenue for the fourth quarter was $139 million, an increase of 4.2% compared to $133.5 million in the same quarter last year, with pro forma growth reaching 8.9%.

For 2024 as a whole, total revenue was $698.8 million, marking a year-over-year increase of about 3.4% from $675.4 million. Subscription and transaction fee revenue totaled $548.3 million, also up 5.4% from $520.2 million in 2023. The net loss for the fourth quarter narrowed to $12.2 million, or $0.07 per share, compared to a net loss of $23.3 million, or $0.12 per share, in Q4 2023.

The company achieved an adjusted EBITDA of $50.4 million for the fourth quarter of 2024, reflecting a 28.8% margin and an increase from $43.1 million in the prior year’s fourth quarter. Year-over-year, adjusted EBITDA margin improved by 340 basis points. For the full year 2024, adjusted EBITDA was reported at $177 million, translating to a 25.3% margin, which is approximately 230 basis points above the preceding year.

Total payments volume (TPV) for the fourth quarter reached approximately $12.6 billion, representing a 9% increase compared to the same quarter in the prior year. Payments revenue on a pro forma basis showed notable growth, rising 9% year-over-year and accounting for about 17% of total revenue. Adjusted gross profit for the fourth quarter was $124 million, yielding a gross margin of 70.9%, compared to 67.3% in Q4 2023.

Looking toward 2025, EverCommerce outlined guidance indicating expected total revenue of between $581 million and $601 million, and adjusted EBITDA of $167.5 million to $175.5 million. For the first quarter of 2025, total revenue is forecasted at $138 million to $141 million, with adjusted EBITDA anticipated to be in the range of $39 million to $41 million. The company’s financial guidance reflects its operational focus, excluding the marketing technology solutions segment as part of its strategic reshaping.

During the fourth quarter, EverCommerce repurchased approximately 623,000 shares for $7 million at an average price of $10.88 per share, leaving an authorization balance of approximately $32.7 million as of December 31, 2024. The company reported $136 million in cash and cash equivalents at the end of the quarter along with $532 million in outstanding debt, maintaining its net leverage at approximately 2.2x.