Slide 1: Earnings Call Presentation
Earnings Call Presentation Q2 2025 – August 6, 2025
Slide 2: Safe Harbor
SAFE HARBOR This presentation contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Se
Slide 3: Eric Remer, Chairman and Chief Executive Officer
Eric Remer Chairman and Chief Executive Officer 3
Slide 4: Q2 2025 Highlights
Q2 2025 Highlights Revenue of $148.0M beat the top end of the guidance range. Reported Revenue > growth of 5.3% YoY; Pro Forma growth of 7.4% YoY, excluding fitness sale. Adjusted EBITDA beat the top end of the guidance range; 30.4% margin > expanded 230 bps YoY. Payments Revenue excluding Fitness g
Slide 5: 725,000+ Global Customers
$574.1 725,000+ Global Customers PF LTM REVENUE 7.9% 1,700+ Global Employees PF LTM YoY REVENUE GROWTH 30.7% LTM ADJ. EBITDA MARGIN $12.9B EST. PF ANNUALIZED TPV Simplifying and empowering the lives of business owners whose services support us every day Note: all metrics exclude the divested fitness
Slide 6: Acceleration in Customers Utilizing >1 Solution
Acceleration in Customers Utilizing >1 Solution Customers Enabled / Utilizing More Than One Solution (000s)1 +32% 261 198 261k total customers enabled more than one solution, representing 32% YoY growth 112k customers actively utilize more than one solution 112 86 2Q24 2Q25 Utilizing Enabled 1 Amoun
Slide 7: Payments Revenue Drives Margin Expansion
Payments Revenue Drives Margin Expansion1 Total Payments Volume (TPV, $B)1 +7% 12.9 Payments revenue growth of 6.8% growth supported by continued TPV growth and take rate expansion YoY. 12.1 Growth of embedded payments continues to be a key lever to drive customer expansion 2Q24 2Q25 1 YoY growth; P
Slide 8: Ryan Siurek, Chief Financial Officer
Ryan Siurek Chief Financial Officer
Slide 9: Q2 Revenue Growth Beat Expectations
Q2 Revenue Growth Beat Expectations GAAP Reported Revenue ($M) $148.0 $143.7 $142.3 $140.5 $140.1 $148.0 in reported revenue, 5.3% reported 2Q25 YoY Revenue growth (includes the impact of divested fitness assets) $148.0 $140.1 $143.7 $142.3 $137.8 7.4% Pro Forma 2Q25 YoY Total Revenue and Subscripti
Slide 10: Strong aEBITDA Growth Despite Planned Investments
Strong aEBITDA Growth Despite Planned Investments Adjusted EBITDA ($M) $44.9 $45.0 2Q24 3Q24 4Q24 1Q25 2Q25 $44.1 Adj. Gross Profit Margin1 77.5% 78.1% 78.4% 78.1% 77.4% $42.1 Adj. EBITDA 28.1% 30.1% 30.7% 31.6% 30.4% Margin1 $39.4 14.0% YoY growth in Adjusted EBITDA aEBITDA margin upward trend driv
Slide 11: Slight LFCF Decline YOY Driven by Investments
Slight LFCF Decline YOY Driven by Investments Levered Free Cash Flow1 Adjusted Unlevered Free Cash Flow1 (LFCF, $M) (aUFCF, $M) $43.8 $39.1 $35.5 $34.9 $34.3 $30.0 $25.1 $23.0 $19.0 $18.9 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 2Q25 LFCF of $18.9M, 0.6% decline YoY2 2Q25 aUFCF of $34.9M, 1
Slide 12: Strong Balance Sheet with Ample Liquidity
Strong Balance Sheet with Ample Liquidity Repurchased 2.0M shares for $20.6M during the second quarter $51.1M of the $250M share repurchase authorization remaining as of 6/30/2025 $155M undrawn revolver capacity which will step down to $125M in July 2026 Repriced and extended both Term Loan and Revo
Slide 13: Outlook
Outlook Q3 and 2025 Guidance Excludes Marketing Technology Solutions Q3 2025 FY 2025 Total Revenue $146.5M-149.5M $581 – 601M Adjusted EBITDA $41M-43M $171 – 177M 13
Slide 14: EverCommerce Q&A
Evercommerce Q&A
Slide 15: Appendix
Appendix
Slide 16: GAAP to Non-GAAP Adj EBITDA Reconciliation
GAAP to Non-GAAP Adj EBITDA Reconciliation 1Calculated as a percentage of GAAP Revenue as of the respective period presented Note: minor rounding differences may exist in the figures presented 16
Slide 17: GAAP to Non-GAAP Adj Gross Profit Reconciliation
GAAP to Non-GAAP Adj Gross Profit Reconciliation 1Gross profit is calculated as total revenues less cost of revenues (exclusive of depreciation and amortization), amortization of developed technology, amortization of capitalized software and depreciation expense (allocated to cost of revenues). Note
Slide 18: LFCF and aUFCF Reconciliations
LFCF and aUFCF Reconciliations1 1These metrics are inclusive of continuing and discontinued operations. Note: minor rounding differences may exist in the figures presented 18
Slide 19: Non-GAAP Operating Expense Reconciliation
Non-GAAP Operating Expense Reconciliation 1 Includes approximately $0.1M of stock-based compensation expense recorded to cost of revenues Note: minor rounding differences may exist in the figures presented 19
Slide 20: Pro Forma Revenue
Pro Forma Revenue Note: minor rounding differences may exist in the figures presented Acquisition revenue includes the estimated revenue associated with KickServ prior to the August 10, 2023 acquisition date while the divestiture revenue adjustment excludes revenue associated with fitness solutions
Slide 21: Pro Forma Subscription and Transaction Fees Revenue
Pro Forma Subscription and Transaction Fees Revenue Note: minor rounding differences may exist in the figures presented Acquisition revenue includes the estimated revenue associated with KickServ prior to the August 10, 2023 acquisition date while the divestiture revenue adjustment excludes revenue
Slide 22: Pro Forma Payments Revenue
Pro Forma Payments Revenue Note: minor rounding differences may exist in the figures presented Acquisition revenue includes the estimated revenue associated with KickServ prior to the August 10, 2023 acquisition date while the divestiture revenue adjustment excludes revenue associated with fitness s
Slide 23: Definitions
Definitions Unless otherwise noted, all amounts, percentages and discussions below and in the following reconciliations reflect only the results of operations and financial condition of our continuing operations (i.e., excluding Marketing Technology Solutions, which qualifies as discontinued operati
Slide 24: Definitions
Definitions Levered Free Cash Flow: Levered Free Cash Flow (LFCF) is inclusive of continuing and discontinued operations for all periods presented and is calculated as Cash Flow from Operations, adjusted for purchases of PP&E and capitalized software costs. Purchases of PP&E and capitalized software