EverCommerce Inc. (EVCM) Stock

EverCommerce Inc. (EVCM) is a Technology stock trading at $9.72 (as of 2026-08-21), with a market capitalization of $1.72B and a trailing P/E of 48.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EverCommerce Inc. provides integrated software-as-a-service platforms for service-based small and mid-sized businesses, including business management tools (such as dispatching and practice or member management), billing and payment capabilities, and customer engagement and marketing technology offerings. Its solutions are delivered through industry-focused suites (for home services, health services, and fitness/wellness) and are supported by implementation, configuration, installation, and training services for organizations such as home service providers, healthcare practices, and fitness businesses.

Understand EverCommerce Inc.: how it makes money

EverCommerce provides integrated SaaS software for service-based small and medium sized businesses, combining business management, billing and payment tools, customer engagement, and marketing technology, and it makes money through SaaS subscription revenue and subscription and transaction fees tied to its payments and billing solutions.

The profit engine links recurring software usage (subscription revenue) with ongoing money movement and billing activity (subscription and transaction fees from its payments and billing solutions) sold to service-based SMBs.

Business quality (Weak): Clear focus on integrated SaaS plus billing and payments for SMBs, but the provided data does not offer a clean, mutually exclusive segment breakdown that sums to the latest reported revenue.

Valuation: Trades at 49× trailing earnings · $2B market cap.

Bull case

Integrated platform for SMB operators: The company offers a combination of business management software (including route-based dispatching and practice and gym management), billing and payment solutions (e-invoicing and mobile payments), customer engagement (reputation and messaging), and marketing technology.
Revenue streams connected to both software and payments activity: The provided metrics include Payments Revenue and Pro Forma Subscription and Transaction Fees Revenue, consistent with a model that pairs subscription software value with transaction-based revenue from billing and payments.

Bear case

Sensitivity to customer transaction activity: Because the model includes payments and transaction fees, results can be affected by changes in how often customers use billing and payment services.
Business mix may shift over time: The presence of pro forma revenue measures including exclusions (for example, Pro Forma Revenue Excluding Fitness) suggests restructuring or business mix changes that investors need to track when comparing periods.

Valuation — source: SEC EDGAR (first-party)
Price	$9.72
Market Cap	$1.72B
P/E Ratio	48.8
EV / EBITDA	17.4
Price / Book	2.40
Price / Sales	2.89
FCF Yield	10.9%
DCF Value (model)	$10.55
DCF Upside vs Price	8.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$588.91M
Net Margin	3.0%
Revenue Growth (YoY)	-15.7%
EPS Growth (YoY)	-145.5%
FCF Growth (YoY)	-2.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.59 (distress)

Valuation vs Sector & Industry
Stock P/E	48.8
Sector P/E (Technology)	34.0
Industry P/E (Business Services)	30.2
vs Sector	43.7%
vs Industry	61.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	PSG Equity L.L.C. ($976.86M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Eric Remer
Employees	2,000
Country	US
IPO Date	2021-07-01

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.