Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 14

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 14
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4 %14.5 %(3.1)%Loss on held for sale and impairments— %— %— %— %2.8 %(2.8)%Total operating expenses89.2 %92.8 %(3.6)%89.5 %96.8 %(7.3)%

While revenue growth remains a key focus, we remain committed to continued expansion of gross margin, net income and Adjusted EBITDA through ongoing transformation initiatives. As a percentage of revenue, the combination of cost of revenue, sales and marketing, product development and general and administrative costs declined from 79.4% for the nine months ended September 30, 2024 as compared to 78.0% for the nine months ended September 30, 2025, an improvement of 140 basis points. A discussion on primary drivers of cost reductions resulting in improved margin follows in the subsequent sections.

RevenuesThree months ended September 30,ChangeNine months ended September 30,Change20252024$20252024$(in thousands)Revenues:Subscription and transaction fees$142,184 $136,263 $5,921 $422,804 $405,329 $17,475 Other5,282 3,843 1,439 14,950 13,152 1,798 Total revenues$147,466 $140,106 $7,360 $437,754 $418,481 $19,273 

Revenues increased $7.4 million, or 5.3%, and $19.3 million, or 4.6%, for the three and nine months ended September 30, 2025, respectively, as compared to the same periods in 2024. Revenue from subscription and transaction fees increased 4.3% and 4.3% and other revenue increased 37.4% and 13.7% during the three and nine months ended September 30, 2025, respectively, as compared to the prior year periods. The majority of our revenue growth is attributable to the successful delivery of system of action capabilities to our SMBs in our verticals of home services, health and wellness. The subscription and transaction fees revenue increase consists primarily of increases from (a) business management software (b) billing and payment solutions, partially offset by a decrease in (c) revenues associated with our share of rebates from suppliers generated through