NASDAQ$EVCM
EverCommerce Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong financial metrics with revenue and Adjusted EBITDA exceeding guidance, driven by 12% year-over-year revenue growth and significant cost discipline.
EverCommerce reported a revenue of $161.1 million, a net loss of $20.8 million, and an Adjusted EBITDA of $31.9 million for the quarter ended March 31, 2023. The company's revenue increased by 12.2% compared to the same period last year, with Software and Transaction Revenue growth of approximately 15%.
- Revenue reached $161.1 million, a 12.2% increase year-over-year.
- Net loss was $20.8 million, or ($0.11) per share.
- Adjusted EBITDA was $31.9 million, a 39% increase year-over-year.
- The Company repurchased 3,123,697 shares of common stock for $29.6 million.
Headline financials
Revenue & EPS history
EverCommerce · Revenue · Quarterly
$161M
Revenue by segment
EverCommerce · $129M total across 2 segments · Q1 2023
- Subscription and transaction fees$124M—95.7%
- Other$5.53M—4.3%
Forward guidance
The Company is issuing financial guidance for the second quarter and full year 2023.
Tailwinds
- Second Quarter 2023 Revenue is expected to be in the range of $168 million to $172 million.
- Second Quarter 2023 Adjusted EBITDA is expected to be in the range of $31 million to $34 million.
- Full Year 2023 Revenue is expected to be in the range of $680 million to $700 million.
- Full Year 2023 Adjusted EBITDA is expected to be in the range of $136 million to $144 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-1.4%
Avg return
Earnings day
-3.8%
Avg return
5 days after
-4.1%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+19.7%
Q4 2022
Best reaction
-19.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.1% | -8.3% | -16.9% | |
| Q4 2025 | -16.5% | -16.4% | -9.4% | |
| Q3 2025 | -19.2% | -26.7% | -14.2% | |
| Q1 2025 | +6.9% | +3.5% | -0.9% | |
| Q4 2024 | +4.6% | +12.0% | +12.7% | |
| Q3 2024 | -8.3% | -8.5% | -1.1% | |
| Q2 2024 | -5.2% | -6.7% | -2.1% | |
| Q1 2024 | +2.3% | +5.3% | -4.4% | |
| Q4 2023 | -11.1% | -6.1% | -8.0% | |
| Q3 2023 | -15.3% | -17.2% | +0.3% | |
| Q2 2023 | +3.2% | -0.6% | -5.9% | |
| Q1 2023 | +3.2% | -6.3% | -6.9% | |
| Q4 2022 | +19.7% | +10.9% | +26.9% | |
| Q3 2022 | -11.6% | -12.8% | -19.6% | |
| Q2 2022 | +0.3% | +1.4% | -5.4% | |
| Q4 2021 | +2.7% | -1.5% | +10.8% | |
| Q4 2019 | -2.0% | -4.1% | +4.1% | |
| Q3 2020 | -0.1% | +1.5% | -20.3% | |
| Q3 2021 | +7.8% | +2.7% | -15.5% | |
| Q4 2020 | +1.7% | -2.5% | -4.8% | |
| Q2 2020 | +1.7% | -2.5% | -4.8% | |
| Q1 2021 | +1.7% | -2.5% | -4.8% | |
| Q2 2021 | -5.4% | -2.7% | -3.7% | |
| Q1 2020 | — | — | — |
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