EverCommerce Inc. Common Stock (EVCM)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at EverCommerce as a small-cap software company serving service-based SMBs—dispatching, billing, payments, reputation. It has some stickiness from integrated billing and payments, but a wide moat is not evident. Revenue growth is only 2.7% year over year in fiscal Q2 2026 (quarter ended 2026-06-30): revenue $152.0M versus $148.0M in fiscal Q2 2025. Profitability has improved: net income $9.7M in fiscal Q2 2026 versus $8.2M a year earlier, and FY2025 net income was $17.6M after FY2024's -$41.1M and FY2023's -$45.6M. FairStock labels it a TURNAROUND, which fits. Free cash flow is positive: $71.7M TTM, a 4.3% FCF yield. The latest quarter's net margin was 6.39%, so there is little cushion. The balance sheet has D/E of 0.75; Altman Z 1.16 suggests some stress. Piotroski F-score 8/9 is a genuine positive. But returns are poor: FairStock's ROE is 3.89% and ROCE 2.69%. Valuation is the problem. At the close on 2026-10-13, price $9.47 gives FairStock P/E 63.13, P/B 2.34, EV/EBITDA 16.67, PEG 3.29. Graham Number is $3.70, so margin of safety is -155.95%. That is not Graham's bargain; it's hope priced high. I want to see whether the turnaround is durable—higher margins, real organic growth, debt reduction—before the price becomes defensible. For now, a fair business with an expensive price.

In plain English: EverCommerce sells software and payment tools to small service businesses. The business looks mixed: it has turned a profit after losing money in prior years, but sales are growing slowly, profits are thin, and it carries debt. At $9.47 on 2026-10-13, the shares look expensive compared with the company's earnings and net assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer