0001853145-26-000021 | 10-Q | XBRL Viewer

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Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 5,881	$ 6,755
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	84	97
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	364	320
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	648	460
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 4,785	$ 5,878

Leases

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Leases

Note 9. Leases

The Company leases real estate from unrelated parties under operating lease agreements that have initial terms ranging from one year to nine years. Some leases include one or more options to renew, generally at our sole discretion, of five additional years each.

The components of lease expense are as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Operating lease cost		$	1,065	$	854
Variable lease cost		408		506
Short-term lease cost		70		77
Total lease cost		$	1,543	$	1,437

The Company ceased use of certain leased premises and subleased certain facilities resulting in impairment charges of $0.1 million during the three months ended March 31, 2026 to impair the right-of-use lease assets to their fair value, which are included in loss on sale and impairments on our unaudited condensed consolidated statement of operations and comprehensive income (loss).

Supplemental cash flow information related to leases is as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Cash paid for operating lease liabilities		$	1,137	$	1,130

Operating lease assets obtained in exchange for operating lease liabilities		$	506	$	199

Supplemental balance sheet information, included in other non-current assets, accrued expenses and other and other non-current liabilities on the unaudited condensed consolidated balance sheets, related to leases is as follows:


	March 31,		December 31,
	2026		2025
	(in thousands)

Operating lease right-of-use assets	$	7,884	$	8,280

Current operating lease liabilities	3,890		3,850
Long-term operating lease liabilities	9,484		9,963
Total operating lease liabilities	$	13,374	$	13,813

At March 31, 2026 and December 31, 2025, the weighted average remaining lease term for operating leases was 3.94 years and 4.16 years, respectively, and the weighted average discount rate was 5.3% and 5.2%, respectively.

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of March 31, 2026 is as follows (in thousands):


Year ended December 31,
2026 (remainder of year)	$	3,360
2027	3,716
2028	2,913
2029	2,551
2030	2,254
Thereafter	—
Total lease payments	14,794
Less: imputed interest	1,420
Total present value of lease liabilities	$	13,374

Long-Term Debt

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Long-Term Debt

Note 10. Long-Term Debt

Long-term debt consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.25% (5.91774% at March 31, 2026) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2031	$	525,250	$	526,625
Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.00% (5.66484% at March 31, 2026), and outstanding balance due July 2030	—		—
Principal debt	525,250		526,625
Deferred financing costs on long-term debt	(2,333)		(2,447)
Discount on long-term debt	(751)		(787)
Total debt	522,166		523,391
Less current maturities	5,500		5,500
Long-term portion	$	516,666	$	517,891

The Company is party to a credit agreement, as amended, that provides for one term loan in the aggregate principal amount of $529.4 million (the “Term Loan”), a revolver with a capacity of $155.0 million (the “Revolver”) and a sub-limit of the Revolver available for letters of credit up to an aggregate face amount of $20.0 million. These debt arrangements are collectively referred to herein as the “Credit Facilities”.

Effective as of June 10, 2025, the Company entered into an additional amendment to the Credit Facilities (the “June 2025 Amendment”) to reduce the commitments outstanding under the Revolver, extend the maturity of a portion of such commitments and reduce the applicable margin with respect to extended revolving loans. As a result of the June 2025 Amendment, commitments under the Revolver were reduced to from $190.0 million to $155.0 million. With respect to $125.0 million of such commitments, (i) the maturity date was extended to January 6, 2028 and (ii) the applicable margin for (x) Term SOFR (as defined in the Credit Facilities) loans was reduced to 2.50% and (y) ABR (as defined in the Credit Facilities) loans was reduced to 1.50%, in each case, subject to a single 0.25% step-down based on the Company’s first lien net leverage ratio. With respect to the remaining $30.0 million of such commitments, (i) the maturity date remains July 6, 2026 and (ii) the applicable margin was unchanged.

Additionally, on July 29, 2025, the Company entered into an amendment to the Credit Facilities (the “July 2025 Amendment”) to, among other things, refinance the existing Term Loan in an aggregate principal amount of $529.4 million. The July 2025 Amendment, among other things, (i) extends the maturity date of the Term Loan to July 6, 2031, and (ii) reduces the applicable margin by 25 basis points with respect to all term loans. The Term Loan bears interest, at the Borrower’s election, at (x) Term SOFR (as defined in the Credit Agreement) plus an applicable margin of 2.25%, with a minimum Term SOFR rate of 0.50% or (y) ABR (as defined in the Credit Agreement) plus an applicable margin of 1.25%, with a minimum ABR of 1.50%, in each case, with no step-downs. The

refinanced Term Loan priced at par and refinanced the existing term loan outstanding under the Credit Agreement immediately prior to giving effect to the July 2025 Amendment.

Pursuant to the July 2025 Amendment, with respect to $125.0 million of commitments under the existing $155.0 million Revolver, (i) the maturity date was extended to July 29, 2030 and (ii) the applicable margin for (x) Term SOFR loans was reduced to 2.00% and (y) ABR loans was reduced to 1.00%, in each case, subject to one 25 basis points step-up based on the Company’s first lien net leverage ratio. Other than the changes noted above, the terms and conditions of all commitments at closing as well as those extending beyond the original maturity date remain the same as the existing Revolver. Accordingly, $155.0 million of availability remains under the Revolver until July 6, 2026 and then reduces to $125.0 million through July 29, 2030.

The Company determines the fair value of long-term debt based on trading prices for its debt if available. As of March 31, 2026, the Company obtained trading prices for the term notes outstanding. However, as such trading prices require significant unobservable inputs to the pricing model, such instruments are classified as Level 2. The fair value amounts were approximately $516.1 million and $529.3 million as of March 31, 2026 and December 31, 2025, respectively.

The Company has entered into the following interest rate swap agreements in connection with its Credit Facilities to convert a portion of the floating rate component of the Term Loan from a floating rate to fixed rate:


	Effective	Expiration	Fixed Interest		Notional		Asset (Liability) Fair Value at
Swap	Date	Date	Rate		Amount		March 31, 2026
					(in thousands)		(in thousands)
Initial Swap	October 31, 2022	October 31, 2027	4.212	%	$	200,000	$	(1,749)
Second Swap	March 31, 2023	October 31, 2027	3.951	%	$	100,000	$	(469)
Third Swap	September 20, 2024	October 31, 2027	3.395	%	$	125,000	$	485

The Swap Agreements are accounted for as derivatives whereby the fair value of the contract is reported within the unaudited condensed consolidated balance sheets, and related gains or losses resulting from changes in the fair value are reported in interest and other expense, net, in the unaudited condensed consolidated statements of operations and comprehensive income (loss). As of March 31, 2026, the fair value of the Initial and Second Swaps were a liability of $2.2 million, while the fair value of the Third Swap was an asset of $0.5 million, which are reported in other non-current liabilities and other non-current assets, respectively, on the unaudited condensed consolidated balance sheets. The related gains and losses resulting from changes in fair value were a gain of $3.0 million and a loss of $3.9 million during the three months ended March 31, 2026 and 2025, respectively.

The Company’s Credit Facilities are subject to certain financial and nonfinancial covenants and are secured by substantially all assets of the Company. As of March 31, 2026, the Company was in compliance with all of its covenants.

Aggregate maturities of the Company’s debt for the years ending December 31 are as follows as of March 31, 2026 (in thousands):


Year ending December 31:
2026 (remainder of year)	$	4,125
2027	5,500
2028	5,500
2029	5,500
2030	5,500
Thereafter	499,125
Total aggregate maturities of the Company’s debt	$	525,250

Goodwill (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill activity consisted of the following for the three months ended March 31, 2026 (in thousands):


Balance at December 31, 2025	$	893,802
Acquired goodwill	(83)

Effect of foreign currency exchange rate changes	(595)
Balance at March 31, 2026	$	893,124

Accumulated impairment losses at March 31, 2026	$	(6,418)

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Acquisition and Disposition (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Estimated Fair Values of Consideration Transferred, Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of consideration transferred, assets acquired and liabilities assumed at the acquisition date.


	September 15, 2025
	(in thousands)
Total consideration transferred:
Cash	$	35,971



Net assets acquired:
Cash and cash equivalents	$	197
Accounts receivable, trade	18

Prepaid expenses and other current assets	29

Intangible-definite lived	6,870
Goodwill	29,036
Accrued expenses and other	(45)



Deferred revenue	(134)

Total net assets acquired	$	35,971

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Cash Flows Statement

The following table summarizes the results of operations of marketing technology solutions reported as discontinued operations:


	Three months ended March 31,
	2026		2025
	(in thousands)

Total revenues	$	—	$	28,632
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization presented separately below)	—		20,661
Sales and marketing	—		2,702
Product development	—		1,086
General and administrative	—		2,283
Depreciation and amortization	—		1,191
Loss on held for sale and impairments	—		9,433
Total operating expenses	—		37,356
Operating loss	—		(8,724)
Other income, net	—		3
Net loss before income tax benefit	—		(8,721)
Income tax benefit	—		74
Loss from discontinued operations, net of income tax	$	—	$	(8,647)

The following table presents the significant non-cash items related to discontinued operations that are included in the accompanying statements of cash flows:


	Three months ended March 31,
			2026		2025
		(in thousands)

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			$	—	$	1,191
Share-based compensation			—		182
Loss on assets held for sale and impairments			—		9,433

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Commitments and Contingencies - Schedule of Unrecognized Future Minimum Payments (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
2026 (remainder of year)	$ 12,393
2027	12,933
2028	10,543
2029	687
2030	0
Thereafter	0
Total future minimum payments due	$ 36,556

Revenue (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables present a disaggregation of our revenue from contracts with customers by revenue recognition pattern and geographical market:


	Three months ended March 31,
		2026		2025
		(in thousands)

By pattern of recognition (timing of transfer of services):
Point in time		$	3,506	$	2,608
Over time		143,959		139,665
Total		$	147,465	$	142,273
By geographical market:
United States		$	130,394	$	127,130
International		17,071		15,143
Total		$	147,465	$	142,273

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to contracts from customers as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Accounts receivable, net	$	38,474	$	37,046
Contract assets	$	11,505	$	11,612
Deferred revenue	$	21,554	$	21,670
Customer deposits	$	12,513	$	12,519
Long-term deferred revenue	$	358	$	332

Schedule of Accounts Receivable, Allowance for Credit Loss

Activity in our allowance for expected credit losses is as follows as of:


	March 31,
		2026		2025
		(in thousands)

Allowance for expected credit losses, beginning of year		$	3,635	$	2,283

Bad debt expense		704		322
Write-offs, net of recoveries		(858)		(552)


Allowance for expected credit losses, end of period		$	3,481	$	2,053

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unrecognized Future Minimum Payments

Unrecognized future minimum payments due under these agreements are as follows (in thousands):


Year ended December 31,
2026 (remainder of year)	$	12,393
2027	12,933
2028	10,543
2029	687
2030	—
Thereafter	—
Total future minimum payments due	$	36,556

Stock-Based Compensation - Schedule of Restricted Stock Unit and Stock Option Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2026 shares
Stock Options
Beginning balance (in shares)	13,478
Granted (in shares)	0
Vested or exercised (in shares)	(69)
Cancelled or forfeited (in shares)	(2,297)
Ending balance (in shares)	11,112
RSUs
RSUs
Beginning balance (in shares)	4,590
Granted (in shares)	2,594
Vested or exercised (in shares)	(488)
Cancelled or forfeited (in shares)	(808)
Ending balance (in shares)	5,888

Long-Term Debt - Schedule of Interest Rate Swap Agreements Connection With Credit Facilities (Details) - USD ($) $ in Thousands	Sep. 20, 2024	Mar. 31, 2023	Oct. 31, 2022
Initial Swap
Debt Instrument [Line Items]
Fixed Interest Rate (as a percent)			4.212%
Notional Amount			$ 200,000
Asset (Liability) Fair Value			$ (1,749)
Second Swap
Debt Instrument [Line Items]
Fixed Interest Rate (as a percent)		3.951%
Notional Amount		$ 100,000
Asset (Liability) Fair Value		$ (469)
Third Swap
Debt Instrument [Line Items]
Fixed Interest Rate (as a percent)	3.395%
Notional Amount	$ 125,000
Asset (Liability) Fair Value	$ 485

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows provided by operating activities:
Net income (loss)	$ 7,171	$ (7,713)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	15,115	17,959
Stock-based compensation expense	5,881	6,940
Deferred taxes	207	(335)
Amortization of deferred financing costs and non-cash interest	292	396
Loss on sale and impairments	131	9,518
Bad debt expense	704	832
(Gain) loss on interest rate swap valuation adjustments	(2,954)	3,856
Other non-cash items	1,695	1,270
Changes in operating assets and liabilities:
Accounts receivable, net	(2,183)	(3,123)
Prepaid expenses and other current assets	(2,161)	(1,621)
Other non-current assets	(689)	(340)
Accounts payable	7,011	455
Accrued expenses and other	(4,332)	3,973
Deferred revenue	(76)	1,616
Other non-current liabilities	(1,210)	(3,005)
Net cash provided by operating activities	24,602	30,678
Cash flows used in investing activities:
Purchases of property and equipment	(856)	(493)
Capitalization of software costs	(7,187)	(5,065)
Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash	0	(85)
Net cash used in investing activities	(8,043)	(5,643)
Cash flows used in financing activities:
Payments on long-term debt	(1,375)	(1,375)
Exercise of stock options, net	683	1,385
Employee taxes paid for RSU withholdings	(1,847)	(1,182)
Repurchase and retirement of common stock	(13,834)	(11,095)
Net cash used in financing activities	(16,373)	(12,267)
Effect of foreign currency exchange rate changes on cash	(600)	(142)
Net (decrease) increase in cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale	(414)	12,626
Cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale:
Beginning of period	129,730	135,782
End of period	129,316	148,408
Supplemental disclosures of cash flow information:
Cash paid for interest	7,816	9,088
Cash paid for income taxes	$ 265	$ 2,531

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 14. Fair Value of Financial Instruments

Fair value estimates of financial instruments are made at a specific point in time, based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair value.

The Company measures fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The Company utilizes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

•Level 1: Valuations based on quoted prices in active markets for identical assets or liabilities that an entity has the ability to access.

•Level 2: Valuations based on quoted prices for similar assets or liabilities, quoted prices for identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.

•Level 3: Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The carrying value of cash and cash equivalents, accounts receivable, contract assets and accounts payable approximate their fair value because of the short-term nature of these instruments. Our interest rate swaps are valued based upon interest yield curves, interest rate volatility and credit spreads. Our interest rate swaps are classified within Level 2 of the fair value hierarchy as all significant inputs are corroborated by observable data.

There were no transfers between fair value measurement levels during the three months ended March 31, 2026 and 2025.

The following table presents information about our financial assets and liabilities measured at fair value on a recurring basis as of:


	March 31, 2026								Balance Sheet Classification
	Level 1		Level 2		Level 3		Total
	(in thousands)

Assets:
Money market	$	4,781	$	—	$	—	$	4,781	Cash equivalents
Interest rate swaps	—		485		—		485		Other non-current assets
Liability:

Interest rate swaps	$	—	$	2,218	$	—	$	2,218	Other non-current liabilities


	December 31, 2025								Balance Sheet Classification
	Level 1		Level 2		Level 3		Total
	(in thousands)

Asset:
Money market	$	2,376	$	—	$	—	$	2,376	Cash equivalents

Liability:
Interest rate swap	$	—	$	4,687	$	—	$	4,687	Other non-current liabilities

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 6A
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Unit and Stock Option Activity

The following table summarizes our RSU and stock option activity for the three months ended March 31, 2026:


	RSUs	Stock Options
	(in thousands)

Outstanding as of January 1, 2026	4,590	13,478
Granted	2,594	—
Vested or exercised	(488)	(69)
Cancelled or forfeited	(808)	(2,297)
Outstanding as of March 31, 2026	5,888	11,112

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense from continuing operations was classified on the unaudited condensed consolidated statements of operations and comprehensive income (loss) as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Cost of revenues		$	84	$	97
Sales and marketing		364		320
Product development		648		460
General and administrative		4,785		5,878
Total stock-based compensation expense		$	5,881	$	6,755

Net Income (Loss) Per Share Attributable to Common Stockholders - Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Numerator:
Net income from continuing operations	$ 7,171	$ 934
Loss from discontinued operations, net of income tax	0	(8,647)
Net income (loss) attributable to common stockholders - basic	7,171	(7,713)
Net income (loss) attributable to common stockholders - diluted	$ 7,171	$ (7,713)
Denominator:
Weighted-average shares of common stock outstanding, basic (in shares)	177,679,140	183,467,698
Weighted-average shares of common stock outstanding, diluted (in shares)	180,415,914	185,222,240
Net income (loss) per share attributable to common stockholders, basic:
Continuing operations (in dollars per share)	$ 0.04	$ 0.01
Discontinued operations (in dollars per share)	0	(0.05)
Basic net income (loss) per share attributable to common stockholders (in dollars per share)	0.04	(0.04)
Net income (loss) per share attributable to common stockholders, diluted:
Continuing operations (in dollars per share)	0.04	0.01
Discontinued operations (in dollars per share)	0	(0.05)
Diluted net income (loss) per share attributable to common stockholders (in dollars per share)	$ 0.04	$ (0.04)

Segment Reporting - Narrative (Details)	3 Months Ended
Segment Reporting - Narrative (Details)	Mar. 31, 2026 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Revenue - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 21.7
Cost to obtain contracts amortization period	5 years
Short-term assets	$ 10.6		$ 10.3
Long-term assets	16.3		$ 16.2
Sales and Marketing Expense
Disaggregation of Revenue [Line Items]
Amortization expense	1.6	$ 1.4
Cost of revenues
Disaggregation of Revenue [Line Items]
Amortization expense	$ 1.0	$ 0.9

Long-Term Debt - Narrative (Details)			3 Months Ended
Long-Term Debt - Narrative (Details)	Jul. 29, 2025 USD ($)	Jun. 10, 2025 USD ($)	Mar. 31, 2026 USD ($) numberOfLoan	Mar. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Jun. 09, 2025 USD ($)
Debt Instrument [Line Items]
Net gain (loss)			$ 7,171,000	$ (7,713,000)
Initial Swap
Debt Instrument [Line Items]
Fair value of the swap agreements			2,200,000
Interest rate swaps
Debt Instrument [Line Items]
Fair value of the swap agreements			500,000
Net gain (loss)			3,000,000.0	$ (3,900,000)
Level 2 \| Fair Value
Debt Instrument [Line Items]
Fair value			$ 516,100,000		$ 529,300,000
Term Loan \| New Term Loan
Debt Instrument [Line Items]
Number of term loans \| numberOfLoan			1
Maximum borrowing capacity	$ 529,400,000
Basis spread	0.25%		2.25%
Term Loan \| New Term Loan \| SOFR
Debt Instrument [Line Items]
Basis spread	2.25%
Term Loan \| New Term Loan \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread	1.25%
Term Loan \| New Term Loan \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread	1.50%
Term Loan \| New Term Loan \| Adjusted Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread	0.50%
Revolving Loans \| New Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 155,000,000.0	$ 155,000,000.0	$ 155,000,000.0			$ 190,000,000.0
Basis spread			2.00%
Credit spread adjustment	0.25%
Revolving Loans \| New Revolver, Due January 2028
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 125,000,000.0
Revolving Loans \| New Revolver, Due January 2028 \| SOFR
Debt Instrument [Line Items]
Basis spread		2.50%
Revolving Loans \| New Revolver, Due January 2028 \| Base Rate
Debt Instrument [Line Items]
Basis spread		1.50%
Revolving Loans \| New Revolver, Due July 6, 2026
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 155,000,000.0	$ 30,000,000.0
Credit spread adjustment		0.25%
Revolving Loans \| New Revolver, Due July 29, 2030
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125,000,000.0
Revolving Loans \| New Revolver, Due July 29, 2030 \| SOFR
Debt Instrument [Line Items]
Basis spread	2.00%
Revolving Loans \| New Revolver, Due July 29, 2030 \| Base Rate
Debt Instrument [Line Items]
Basis spread	1.00%
Letter of Credit \| New Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 20,000,000.0

Acquisition and Disposition - Schedule of Estimated Fair Values of Consideration Transferred, Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 15, 2025	Mar. 31, 2026	Dec. 31, 2025
Net assets acquired:
Goodwill		$ 893,124	$ 893,802
ZyraTalk
Business Combination [Line Items]
Cash	$ 35,971
Net assets acquired:
Cash and cash equivalents	197
Accounts receivable, trade	18
Prepaid expenses and other current assets	29
Intangible-definite lived	6,870
Goodwill	29,036
Accrued expenses and other	(45)
Deferred revenue	(134)
Total net assets acquired	$ 35,971

Net Income (Loss) Per Share Attributable to Common Stockholders - Schedule of Basic and Diluted EPS Computations for Income (Loss) From Continuing Operations and Loss From Discontinued Operations (Details) - shares	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average shares of common stock outstanding, basic (in shares)	177,679,140	183,467,698
Weighted-average shares of common stock outstanding, diluted (in shares)	180,415,914	185,222,240
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock subject to outstanding (in shares)	882,000	470,000
Shares of common stock subject to outstanding options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock subject to outstanding (in shares)	1,622,000	1,077,000
Shares of common stock pursuant to ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock subject to outstanding (in shares)	233,000	207,000

Net Income (Loss) Per Share Attributable to Common Stockholders - Schedule of Antidilutive Outstanding Common Stock Excluded from Computation of Diluted Net Loss Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive outstanding potential common stock (in shares)	14,494	19,612
Outstanding stock options and unvested RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive outstanding potential common stock (in shares)	14,494	19,612

Geographic Areas

3 Months Ended

Mar. 31, 2026

Geographic Areas, Long-Lived Assets [Abstract]

Geographic Areas

Note 17. Geographic Areas

The following table sets forth long-lived assets by geographic area as of:


	March 31,		December 31,
	2026		2025
	(in thousands)
United States	$	54,020	$	50,771
International	$	14,633	$	13,941

Note 18. Segment Reporting

The Company operates in a single reportable segment. The segment derives revenue from providing SaaS and other technology-based solutions to help service SMBs optimize their operations, improve customer relationships and experience, and accelerate growth. The Company primarily focuses on three core vertical markets: EverPro for Home Services, EverHealth for Health Services, and EverWell for Wellness Services.

The accounting policies of the segment are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2025. Based on being a single reportable segment company, the Company has disclosed net income (loss) from continuing operations as its primary measure of profit or loss used by the chief operating decision maker (“CODM”), which is reported on the unaudited condensed consolidated statement of operations and comprehensive income (loss) as net income (loss) from continuing operations. The CODM is provided financial information inclusive of net income (loss) from continuing operations, which is used to assess performance of the segment and decide how to allocate resources. The CODM uses net income (loss) from continuing operations, among other metrics, to assist in evaluating the financial performance of the Company and monitoring budget versus actual results. The CODM does not review assets in evaluating segment results, and therefore, such information is not presented. The measure of segment assets is reported on the consolidated balance sheets as total assets.

Disaggregated information is not used for assessing the performance of the Company or for making resource allocation decisions. The CODM reviews financial information presented on an aggregated and consolidated basis, together with revenue information of the three core vertical markets. The software and technology-based solutions provided by the Company are deployed and implemented to customers in a similar manner regardless of industry. See Notes 4. Revenue and 17. Geographic Areas for disaggregated information regarding the Company's revenues and long-lived assets by geography, respectively.

The following table provides segment information for revenues, net income (loss) and significant expenses:



	Three months ended March 31,
		2026		2025





Total revenues		$	147,465	$	142,273

Less(1):
Employee expense		61,829		55,800
Marketing and advertising		9,786		8,388
Communication services		5,878		5,679
Third-party commissions		4,518		5,296
Software, tools and hosting		18,317		13,639
Legal and professional fees		11,250		14,671
Loss on sale and impairments		131		85
Other segment items(2)		8,064		7,742
Depreciation and amortization		15,115		16,768
Interest and other expense, net		4,774		12,759
Income tax expense		632		512
Total expenses		140,294		141,339
Net income from continuing operations		7,171		934
Loss from discontinued operations, net of income tax		—		(8,647)
Net income (loss)		$	7,171	$	(7,713)


(1) The significant expense categories and amounts align with information that is regularly reviewed by the CODM.
(2) Other segment items include corporate overhead expenses, transaction-related and other non-recurring or unusual costs, facility expenses, bad debt and other miscellaneous cost of services.


	Three months ended March 31,
		2026		2025

Other Segment Disclosures
Interest income		$	(579)	$	(1,080)
Interest expense		8,158		8,759
Other Significant Non-cash Items:
Stock-based compensation		5,881		6,755

There are no reconciling items or adjustments between segment revenues, net income (loss), total assets and consolidated revenues, net income (loss) and total assets.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Nature of the Business	3 Months Ended
Nature of the Business	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of the Business	Note 1. Nature of the Business EverCommerce Inc. and subsidiaries (the “Company” or “EverCommerce”) is a leading AI-powered platform provider of integrated, vertically-tailored software-as-a-service (“SaaS”) solutions or services that help service-based small and medium-sized businesses (“service SMBs”) run smarter and grow faster. Our platform spans across the full lifecycle of interactions between consumers and service professionals with vertical-specific applications. As of December 31, 2025, the Company empowered more than 745,000 customers worldwide primarily across three core verticals: EverPro for Home Services; EverHealth for Health Services; and EverWell for Wellness Services. Within the core verticals, customers operate within numerous micro-verticals, ranging from home service professionals, such as construction contractors and home maintenance technicians, to physician practices and therapists in the Health Services industry, to salon owners in the Wellness sectors. The platform provides vertically-tailored SaaS solutions that address service SMBs’ increasingly nuanced demands, as well as highly complementary solutions that provide fully-integrated offerings, allowing service SMBs and EverCommerce to succeed in the market, and provide end consumers more convenient service experiences. The Company is headquartered in Denver, Colorado, and has operations across the United States, Canada, United Kingdom, Australia and New Zealand.

Revenue

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue

Note 4. Revenue

Disaggregation of Revenue

The following tables present a disaggregation of our revenue from contracts with customers by revenue recognition pattern and geographical market:


	Three months ended March 31,
		2026		2025
		(in thousands)

By pattern of recognition (timing of transfer of services):
Point in time		$	3,506	$	2,608
Over time		143,959		139,665
Total		$	147,465	$	142,273
By geographical market:
United States		$	130,394	$	127,130
International		17,071		15,143
Total		$	147,465	$	142,273

Contract Balances

Supplemental balance sheet information related to contracts from customers as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Accounts receivable, net	$	38,474	$	37,046
Contract assets	$	11,505	$	11,612
Deferred revenue	$	21,554	$	21,670
Customer deposits	$	12,513	$	12,519
Long-term deferred revenue	$	358	$	332

Accounts receivable, net: Accounts receivable, net of allowance for expected credit losses, represent rights to consideration in exchange for products or services that have been transferred by us, when payment is unconditional and only the passage of time is required before payment is due.

Contract assets: Contract assets represent rights to consideration in exchange for products or services that have been transferred (i.e., the performance obligation or portion of the performance obligation has been satisfied), but payment is conditional on something other than the passage of time. These amounts typically relate to contracts with the suppliers within our group purchasing programs for

which payment is received at least one quarter in arrears from the service period. They also relate to contracts that include on-premise licenses and professional services where the right to payment is not present until completion of the contract or achievement of specified milestones and the fair value of products or services transferred exceed this constraint.

Contract liabilities: Contract liabilities, or deferred revenue, represent our obligation to transfer products or services to a customer for which consideration has been received in advance of the satisfaction of performance obligations. Long-term deferred revenue is included within other non-current liabilities on the unaudited condensed consolidated balance sheets. Revenue recognized from the contract liability balance at December 31, 2025 was $21.7 million for the three months ended March 31, 2026.

Customer deposits: Customer deposits relate to payments received in advance for contracts, which allow the customer to terminate a contract and receive a pro rata refund for the unused portion of payments received to date.

Accounts Receivable

Activity in our allowance for expected credit losses is as follows as of:


	March 31,
		2026		2025
		(in thousands)

Allowance for expected credit losses, beginning of year		$	3,635	$	2,283

Bad debt expense		704		322
Write-offs, net of recoveries		(858)		(552)


Allowance for expected credit losses, end of period		$	3,481	$	2,053

Remaining Performance Obligations

Remaining performance obligations represent the transaction price of unsatisfied or partially satisfied performance obligations within contracts with an original expected contract term that is greater than one year for which fulfillment of the contract has started as of the end of the reporting period. Contracts that include 30-day termination rights are considered to be contracts with a term of one month and are therefore excluded from remaining performance obligations. Remaining performance obligations generally relate to those which are stand-ready in nature, as found within the subscription revenue streams. The aggregate amount of transaction consideration allocated to remaining performance obligations as of March 31, 2026 was $20.2 million. The Company expects to recognize approximately 64% of its remaining performance obligations as revenue within the next year, 28% of its remaining performance obligations as revenue the subsequent year, 6% of its remaining performance obligations as revenue in the third year, and the remainder during the two-year period thereafter.

Cost to Obtain and Fulfill a Contract

Assets resulting from costs to obtain contracts are included within prepaid expenses and other current assets for short-term balances and other non-current assets for long-term balances on the Company’s unaudited condensed consolidated balance sheets. The costs to obtain contracts are amortized over five years, which corresponds with the useful life of the related technology. Short-term assets were $10.6 million and $10.3 million at March 31, 2026 and December 31, 2025, respectively, and long-term assets were $16.3 million and $16.2 million at March 31, 2026 and December 31, 2025, respectively. The Company recorded amortization expense within sales and marketing on the unaudited condensed consolidated statements of operations and comprehensive income (loss) of $1.6 million and $1.4 million for the three months ended March 31, 2026 and 2025, respectively. The Company recorded amortization expense within cost of revenues on the unaudited condensed consolidated statements of operations and comprehensive income (loss) of $1.0 million and $0.9 million for the three months ended March 31, 2026 and 2025, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.25% (5.91774% at March 31, 2026) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2031	$	525,250	$	526,625
Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.00% (5.66484% at March 31, 2026), and outstanding balance due July 2030	—		—
Principal debt	525,250		526,625
Deferred financing costs on long-term debt	(2,333)		(2,447)
Discount on long-term debt	(751)		(787)
Total debt	522,166		523,391
Less current maturities	5,500		5,500
Long-term portion	$	516,666	$	517,891

Schedule of Interest Rate Swap Agreements in Connection With Credit Facilities


	Effective	Expiration	Fixed Interest		Notional		Asset (Liability) Fair Value at
Swap	Date	Date	Rate		Amount		March 31, 2026
					(in thousands)		(in thousands)
Initial Swap	October 31, 2022	October 31, 2027	4.212	%	$	200,000	$	(1,749)
Second Swap	March 31, 2023	October 31, 2027	3.951	%	$	100,000	$	(469)
Third Swap	September 20, 2024	October 31, 2027	3.395	%	$	125,000	$	485

Schedule of Maturities of Long-term Debt

Aggregate maturities of the Company’s debt for the years ending December 31 are as follows as of March 31, 2026 (in thousands):


Year ending December 31:
2026 (remainder of year)	$	4,125
2027	5,500
2028	5,500
2029	5,500
2030	5,500
Thereafter	499,125
Total aggregate maturities of the Company’s debt	$	525,250

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Lessee, Lease, Description [Line Items]
Extended lease term (in years)	5 years
Impairment on right-of-use assets	$ 0.1
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other	Accrued expenses and other
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Weighted average remaining lease term for operating leases (in years)	3 years 11 months 8 days	4 years 1 month 28 days
Operating lease, weighted average discount rate (as a percent)	5.30%	5.20%
Minimum
Lessee, Lease, Description [Line Items]
Operating lease initial terms (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease initial terms (in years)	9 years

Capitalized Software - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Research and Development [Abstract]
Amortization	$ 3.3	$ 2.4
Capitalized software abandonment	$ 0.3	$ 0.4

Geographic Areas (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 54,020	$ 50,771
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 14,633	$ 13,941

Capitalized Software - Schedule of Capitalized Software (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Research and Development [Abstract]
Capitalized software	$ 102,651	$ 96,215
Less: accumulated amortization	(40,041)	(37,247)
Capitalized software, net	$ 62,610	$ 58,968

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Stock-Based Compensation

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

Note 12. Stock-Based Compensation

In 2016, the Company adopted the 2016 Equity Incentive Plan (the “2016 Plan”). The 2016 Plan provided for the granting of stock-based awards, including stock options, stock appreciation rights, restricted or unrestricted stock awards, phantom stock, performance awards, and other stock-based awards. The 2016 Plan allowed for the granting of stock-based awards through January 17, 2027.

In connection with the Initial Public Offering (“IPO”), the Company’s Board adopted, and the Company’s stockholders approved, the 2021 Incentive Award Plan (the “2021 Plan”), which became effective immediately prior to the effectiveness of the registration statement for the Company’s IPO and, as a result of which, the Company can no longer make awards under the 2016 Plan. The 2021 Plan provides for the issuance of incentive stock options, non-qualified stock options, stock awards, stock units, stock appreciation rights and other stock-based awards. The number of shares initially reserved for issuance under the 2021 Plan was 22,000,000 shares, inclusive of available shares previously reserved for issuance under the 2016 Plan. In addition, the number of shares reserved for issuance under the 2021 Plan is subject to an annual increase on the first day of each calendar year beginning on January 1, 2022 and ending on and including January 1, 2031, equal to the lesser of (i) 3% of the shares outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year and (ii) such smaller number of shares as determined by the Company’s Board, provided that no more than 22,000,000 shares may be issued upon the exercise of incentive stock options. On November 4, 2025, the Company’s Board determined that no additional shares would be added to the 2021 Plan share reserve on January 1, 2026 pursuant to the 2021 Plan’s evergreen increase feature. Based on the Company’s outstanding shares of the Company’s common stock as of December 31, 2024, as of January 1, 2025 the number of shares reserved for issuance under the 2021 Plan increased by 5.5 million.

In connection with the IPO, the Company’s Board adopted the 2021 Employee Stock Purchase Plan (the “ESPP”). For more information on the ESPP, refer to Note 12. Stock-Based Compensation in the Annual Report on Form 10-K.

The following table summarizes our RSU and stock option activity for the three months ended March 31, 2026:


	RSUs	Stock Options
	(in thousands)

Outstanding as of January 1, 2026	4,590	13,478
Granted	2,594	—
Vested or exercised	(488)	(69)
Cancelled or forfeited	(808)	(2,297)
Outstanding as of March 31, 2026	5,888	11,112

As of March 31, 2026, total unrecognized compensation expense was $55.3 million and $1.8 million related to outstanding RSUs and stock options, respectively.

Stock-based compensation expense from continuing operations was classified on the unaudited condensed consolidated statements of operations and comprehensive income (loss) as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Cost of revenues		$	84	$	97
Sales and marketing		364		320
Product development		648		460
General and administrative		4,785		5,878
Total stock-based compensation expense		$	5,881	$	6,755

Segment Reporting - Schedule of Segment Information for Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting Information [Line Items]
Total revenues	$ 147,465	$ 142,273
Loss on sale and impairments	131	85
Depreciation and amortization	15,115	17,959
Interest and other expense, net	4,774	12,759
Income tax expense	632	512
Net income from continuing operations	7,171	934
Loss from discontinued operations, net of income tax	0	(8,647)
Net income (loss)	7,171	(7,713)
Reportable Segment
Segment Reporting Information [Line Items]
Total revenues	147,465	142,273
Employee expense	61,829	55,800
Marketing and advertising	9,786	8,388
Communication services	5,878	5,679
Third-party commissions	4,518	5,296
Software, tools and hosting	18,317	13,639
Legal and professional fees	11,250	14,671
Loss on sale and impairments	131	85
Other segment items	8,064	7,742
Depreciation and amortization	15,115	16,768
Interest and other expense, net	4,774	12,759
Income tax expense	632	512
Total expenses	140,294	141,339
Net income from continuing operations	7,171	934
Loss from discontinued operations, net of income tax	0	(8,647)
Net income (loss)	$ 7,171	$ (7,713)

Condensed Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2024		183,725,000
Beginning balance at Dec. 31, 2024	$ 750,826	$ 2	$ 1,426,206	$ (661,064)	$ (14,318)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)		240,000
Common stock issued upon vesting of restricted stock units, net of shares withheld for employee taxes	(1,182)		(1,182)
Stock-based compensation	6,940		6,940
Stock option exercises (in shares)		167,000
Stock option exercises	1,385		1,385
Repurchase and retirement of common stock, including taxes (in shares)		(1,098,000)
Repurchase and retirement of common stock, including taxes	(11,164)		(11,164)
Foreign currency translation (loss) gain, net	477				477
Net income (loss)	(7,713)			(7,713)
Ending balance (in shares) at Mar. 31, 2025		183,034,000
Ending balance at Mar. 31, 2025	$ 739,569	$ 2	1,422,185	(668,777)	(13,841)
Beginning balance (in shares) at Dec. 31, 2025	178,111,971	178,112,000
Beginning balance at Dec. 31, 2025	$ 716,873	$ 2	1,373,022	(643,465)	(12,686)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)		325,000
Common stock issued upon vesting of restricted stock units, net of shares withheld for employee taxes	(1,847)		(1,847)
Stock-based compensation	$ 5,881		5,881
Stock option exercises (in shares)	69,000	69,000
Stock option exercises	$ 683		683
Repurchase and retirement of common stock, including taxes (in shares)	(1,300,000)	(1,255,000)
Repurchase and retirement of common stock, including taxes	$ (13,931)		(13,931)
Foreign currency translation (loss) gain, net	(861)				(861)
Net income (loss)	$ 7,171			7,171
Ending balance (in shares) at Mar. 31, 2026	177,250,834	177,251,000
Ending balance at Mar. 31, 2026	$ 713,969	$ 2	$ 1,363,808	$ (636,294)	$ (13,547)

Property and Equipment

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 7. Property and Equipment

Property and equipment consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Computer equipment and software	$	12,418	$	11,748
Furniture and fixtures	3,260		3,152
Leasehold improvements	9,981		9,981
Total property and equipment	25,659		24,881
Less accumulated depreciation	(19,616)		(19,137)
Property and equipment, net	$	6,043	$	5,744

Depreciation expense was $0.6 million and $0.7 million for the three months ended March 31, 2026 and 2025, respectively.

Geographic Areas (Tables)

3 Months Ended

Mar. 31, 2026

Geographic Areas, Long-Lived Assets [Abstract]

Schedule of Long-Lived Assets by Geographic Areas

The following table sets forth long-lived assets by geographic area as of:


	March 31,		December 31,
	2026		2025
	(in thousands)
United States	$	54,020	$	50,771
International	$	14,633	$	13,941

Segment Reporting

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting

Note 17. Geographic Areas

The following table sets forth long-lived assets by geographic area as of:


	March 31,		December 31,
	2026		2025
	(in thousands)
United States	$	54,020	$	50,771
International	$	14,633	$	13,941

Note 18. Segment Reporting

The following table provides segment information for revenues, net income (loss) and significant expenses:



	Three months ended March 31,
		2026		2025





Total revenues		$	147,465	$	142,273

Less(1):
Employee expense		61,829		55,800
Marketing and advertising		9,786		8,388
Communication services		5,878		5,679
Third-party commissions		4,518		5,296
Software, tools and hosting		18,317		13,639
Legal and professional fees		11,250		14,671
Loss on sale and impairments		131		85
Other segment items(2)		8,064		7,742
Depreciation and amortization		15,115		16,768
Interest and other expense, net		4,774		12,759
Income tax expense		632		512
Total expenses		140,294		141,339
Net income from continuing operations		7,171		934
Loss from discontinued operations, net of income tax		—		(8,647)
Net income (loss)		$	7,171	$	(7,713)


(1) The significant expense categories and amounts align with information that is regularly reviewed by the CODM.
(2) Other segment items include corporate overhead expenses, transaction-related and other non-recurring or unusual costs, facility expenses, bad debt and other miscellaneous cost of services.


	Three months ended March 31,
		2026		2025

Other Segment Disclosures
Interest income		$	(579)	$	(1,080)
Interest expense		8,158		8,759
Other Significant Non-cash Items:
Stock-based compensation		5,881		6,755

There are no reconciling items or adjustments between segment revenues, net income (loss), total assets and consolidated revenues, net income (loss) and total assets.

- Definition

+ References

+ Details

Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Schedule of Lease Expense and Supplemental Cash Flow, Balance Sheet Information

The components of lease expense are as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Operating lease cost		$	1,065	$	854
Variable lease cost		408		506
Short-term lease cost		70		77
Total lease cost		$	1,543	$	1,437

Supplemental cash flow information related to leases is as follows:


	Three months ended March 31,
		2026		2025
		(in thousands)

Cash paid for operating lease liabilities		$	1,137	$	1,130

Operating lease assets obtained in exchange for operating lease liabilities		$	506	$	199


	March 31,		December 31,
	2026		2025
	(in thousands)

Operating lease right-of-use assets	$	7,884	$	8,280

Current operating lease liabilities	3,890		3,850
Long-term operating lease liabilities	9,484		9,963
Total operating lease liabilities	$	13,374	$	13,813

Schedule of Future Undiscounted Cash Flows


Year ended December 31,
2026 (remainder of year)	$	3,360
2027	3,716
2028	2,913
2029	2,551
2030	2,254
Thereafter	—
Total lease payments	14,794
Less: imputed interest	1,420
Total present value of lease liabilities	$	13,374

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 11.3	$ 13.7

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

+ References

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+ Details

Commitments and Contingencies

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 16. Commitments and Contingencies

The Company has non-cancelable contractual purchase obligations incurred in the normal course of business to help deliver its services and products and provide support to its customers. These contracts with vendors primarily relate to software service, targeted mail costs, third-party fulfillment costs and software hosting. Unrecognized future minimum payments due under these agreements are as follows (in thousands):


Year ended December 31,
2026 (remainder of year)	$	12,393
2027	12,933
2028	10,543
2029	687
2030	—
Thereafter	—
Total future minimum payments due	$	36,556

From time to time, the Company is involved in various lawsuits and legal proceedings which arise in or outside the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Accruals for loss contingencies are recorded when a loss is probable, and the amount of such loss can be reasonably estimated. An adverse determination in one or more of these pending matters could have an adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

On January 31, 2024, plaintiff Vladimir Gusinsky Revocable Trust filed a putative class action lawsuit in the Court of Chancery of the State of Delaware against the Company, members of its Board and the other parties to its sponsor stockholders agreement, dated June 30, 2021, Providence Strategic Growth II L.P., Providence Strategic Growth II-A L.P., SLA Eclipse Co-Invest, L.P., and SLA CM Eclipse Holdings, L.P. (collectively, the “Sponsor Stockholders”), captioned Vladimir Gusinsky Revocable Trust v. Eric Remer, Penny Baldwin, et. al., Case No. 2024-0077 (Del Ch.). The complaint generally alleges violations of Section 141(a) of the Delaware General Corporation Law (“DGCL”) by providing the Sponsor Stockholders with a veto right over the Board’s ability to hire or fire the Company’s Chief Executive Officer (the “CEO Approval Right”) on the basis that it unlawfully limits the Board’s authority to manage the business and affairs of the Company. The plaintiff seeks declaratory judgment that the CEO Approval Right is invalid and void, other declaratory and equitable relief for the class and/or the Company, attorneys’ and experts’ witness fees and other costs and expenses, and other equitable relief. On June 14, 2024, the Company filed its opening brief in support of its Motion to Dismiss, and on July 15, 2024, Plaintiff opposed that motion. On July 16, 2024, the Court entered a stipulation and order dismissing the director defendants from the action. On August 29, 2024, the remaining defendants, the Company and Sponsor Stockholders (collectively, “Defendants”), filed their reply in support of the Motion to Dismiss, and pursuant to a stipulation between the parties, Plaintiff filed a sur-reply on September 26, 2024, which Defendants filed a response to on October 10, 2024. On October 15, 2024, Defendants filed a Motion to Dismiss for Lack of Subject Matter Jurisdiction, arguing that the claims alleged are not ripe for adjudication and on November 15, 2024 Plaintiff opposed that motion. On December 9, 2024, Defendants filed their reply in support of the Motion to Dismiss for Lack of Subject Matter Jurisdiction. On January 3, 2025, the Court entered a minute order deferring oral argument on the pending Motion to Dismiss until after the disposition of the appeal in Moelis & Company v. West Palm Beach Firefighters’ Pension Fund, Case No. 340, 2024 (Del. Supr.). The Company believes it has meritorious defenses to the claims of the plaintiff and members of the class and any liability for the alleged claims is not currently probable and the potential loss or range of loss is not reasonably estimable.

The Company is party to additional legal proceedings incidental to its business. While the outcome of these additional matters could differ from management’s expectations, the Company does not believe that the resolution of such matters is reasonably likely to have a material effect on its results of operations or financial condition.

The Company assesses the applicability of nexus in jurisdictions in which the Company sells products and services. As of March 31, 2026 and December 31, 2025, the Company recorded a liability in the amount of $8.8 million and $9.4 million, respectively within current liabilities and other long-term liabilities as a provision for sales and use and gross receipts tax. In connection with the Company's accounting for acquisitions, the Company has recorded liabilities and corresponding provisional escrow or indemnity receivables within the purchase price allocations for instances in which the Company is indemnified for tax matters.

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Sales and use tax liability	$ 8.8	$ 9.4

Capitalized Software (Tables)

3 Months Ended

Mar. 31, 2026

Research and Development [Abstract]

Schedule of Capitalized Software

Capitalized software consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Capitalized software	$	102,651	$	96,215
Less: accumulated amortization	(40,041)		(37,247)
Capitalized software, net	$	62,610	$	58,968

Leases - Schedule of Lease Expense and Supplemental Cash Flow, Balance Sheet Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Leases [Abstract]
Operating lease cost	$ 1,065	$ 854
Variable lease cost	408	506
Short-term lease cost	70	77
Total lease cost	1,543	1,437
Cash Paid For Amounts Included In The Measurement Of Lease Liabilities [Abstract]
Cash paid for operating lease liabilities	1,137	1,130
Right-Of-Use Assets Obtained In Exchange For New Lease Obligations [Abstract]
Operating lease assets obtained in exchange for operating lease liabilities	506	$ 199
Operating lease right-of-use assets	7,884		$ 8,280
Current operating lease liabilities	3,890		3,850
Long-term operating lease liabilities	9,484		9,963
Total operating lease liabilities	$ 13,374		$ 13,813

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents information about our financial assets and liabilities measured at fair value on a recurring basis as of:


	March 31, 2026								Balance Sheet Classification
	Level 1		Level 2		Level 3		Total
	(in thousands)

Assets:
Money market	$	4,781	$	—	$	—	$	4,781	Cash equivalents
Interest rate swaps	—		485		—		485		Other non-current assets
Liability:

Interest rate swaps	$	—	$	2,218	$	—	$	2,218	Other non-current liabilities


	December 31, 2025								Balance Sheet Classification
	Level 1		Level 2		Level 3		Total
	(in thousands)

Asset:
Money market	$	2,376	$	—	$	—	$	2,376	Cash equivalents

Liability:
Interest rate swap	$	—	$	4,687	$	—	$	4,687	Other non-current liabilities

Acquisition and Disposition - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended
	Oct. 31, 2025	Sep. 15, 2025	Mar. 31, 2026	Mar. 31, 2025
Business Combination [Line Items]
Loss on sale and impairments			$ 131	$ 85
Income related to support services			(4,774)	(12,759)
Ignite Visibility
Business Combination [Line Items]
Income related to support services			500
Receivables related to support services			$ 800
Discontinued Operations, Disposed of by Sale \| Marketing technology solutions
Business Combination [Line Items]
Amount of cash	$ 45,000
Loss on sale and impairments				9,400
Goodwill impairment charge				6,900
Valuation allowance				$ 2,600
Developed technology
Business Combination [Line Items]
Weighted average useful life of acquired intangible assets (in years)		5 years
Customer relationships
Business Combination [Line Items]
Weighted average useful life of acquired intangible assets (in years)		9 years
ZyraTalk
Business Combination [Line Items]
Percentage of interest acquired		100.00%
Cash		$ 35,971
Contingent consideration		$ 6,500

Leases - Schedule of Future Undiscounted Cash Flows (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2026 (remainder of year)	$ 3,360
2027	3,716
2028	2,913
2029	2,551
2030	2,254
Thereafter	0
Total lease payments	14,794
Less: imputed interest	1,420
Total present value of lease liabilities	$ 13,374	$ 13,813

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income tax expense	$ 632	$ 512

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Revenue - Schedule of Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 3,635	$ 2,283
Bad debt expense	704	322
Write-offs, net of recoveries	(858)	(552)
Ending balance	$ 3,481	$ 2,053

Revenue - Remaining Performance Obligations (Details) $ in Millions	Mar. 31, 2026 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, amount	$ 20.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	64.00%
Remaining performance obligation, expected timing of satisfaction	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	28.00%
Remaining performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	6.00%
Remaining performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction	2 years

Nature of the Business (Details) customer in Thousands	Dec. 31, 2025 customer core_vertical
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of customers \| customer	745
Number of core verticals \| core_vertical	3

Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Nov. 04, 2025	May 01, 2025	May 21, 2024	Nov. 05, 2023	Nov. 07, 2022	Jun. 14, 2022	Jul. 06, 2021
Class of Stock [Line Items]
Shares authorized (in shares)									2,050,000,000
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001							$ 0.00001
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001							$ 0.00001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000							2,000,000,000
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000							50,000,000
Stock repurchase program with authorization			$ 300.0	$ 300.0	$ 300.0	$ 300.0	$ 300.0
Repurchase and retirement of common shares (in shares)	1,300,000
Repurchase and retirement of common stock	$ 13.9
Stock repurchase program, remaining authorized repurchase amount	$ 33.9
Maximum
Class of Stock [Line Items]
Stock repurchase program with authorization								$ 50.0
Repurchase program, additional authorized amount			$ 50.0	$ 50.0	$ 50.0	$ 50.0	$ 50.0

Capitalized Software

3 Months Ended

Mar. 31, 2026

Research and Development [Abstract]

Capitalized Software

Note 8. Capitalized Software

Capitalized software consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Capitalized software	$	102,651	$	96,215
Less: accumulated amortization	(40,041)		(37,247)
Capitalized software, net	$	62,610	$	58,968

Amortization expense was $3.3 million and $2.4 million for the three months ended March 31, 2026 and 2025, respectively. During the ordinary course of business, the Company may determine that certain capitalized features of its software will no longer be used either internally or to deliver value to its customers. The Company recorded a charge of $0.3 million and $0.4 million for the three

months ended March 31, 2026 and 2025, respectively, related to capitalized costs associated with abandoned projects, which are included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive income (loss).

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Allowance for expected credit losses	$ 3,481	$ 3,635
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	177,250,834	178,111,971
Common stock, shares outstanding (in shares)	177,250,834	178,111,971

Acquisition and Disposition

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisition and Disposition

Note 3. Acquisition and Disposition

ZyraTalk Acquisition

On September 15, 2025, the Company acquired 100% of the interest of Joblyt LLC, dba ZyraTalk (“ZyraTalk”), an AI-powered customer engagement solution that combines virtual assistant capabilities with an agentic automation platform, for approximately $36.0 million in cash, not inclusive of an additional $6.5 million of contingent consideration which could be paid over the next three years related to post-combination employment services. The acquisition helps to establish EverCommerce as an AI-driven innovator, beginning with near-term application in its Home Services vertical, EverPro, and the Company plans to extend ZyraTalk into broader opportunities across its other verticals.

The Company accounted for the acquisition as a business combination under ASC 805, Business Combinations. Accordingly, the Company recorded identifiable assets acquired and liabilities assumed at their acquisition date estimated fair values, with any excess consideration recognized as goodwill. Goodwill primarily represents the value associated with the assembled workforce and expected synergies subsumed into goodwill. The goodwill recognized as a result of the acquisition of ZyraTalk is deductible for income tax purposes.

The Company measured the identifiable assets and liabilities assumed at their acquisition date estimated fair values separately from goodwill, which represent Level 3 fair value measurements as defined in ASC 820, Fair Value Measurement. The estimated fair values were determined by management using the assistance of third-party valuation specialists. The valuation methods used to determine the estimated fair value of intangible assets included the income approach---relief from royalty method for trademarks and developed technology with estimated useful lives of five years, and the income approach---multi period excess earnings method for customer relationships with an estimated useful life of nine years. A number of assumptions and estimates were involved in the application of these valuation methods, including revenue forecasts, expected competition, costs of revenues, obsolescence, tax rates, capital spending, customer attrition rates, discount rates and working capital changes. Cash flow forecasts were generally based on pre-acquisition forecasts coupled with estimated revenues and cost synergies available to a market participant.

The terms of the acquisition allows for an adjustment to the purchase price to be made subsequent to the transaction closing date based on the actual amount of working capital and cash delivered to the Company. The consideration paid and purchase price allocations disclosed reflect the effects of these adjustments.

The financial results of ZyraTalk since the closing through March 31, 2026, were not material to the Company’s consolidated financial statements, nor were they material to the Company’s prior period consolidated results on a pro forma basis.

The following table summarizes the estimated fair values of consideration transferred, assets acquired and liabilities assumed at the acquisition date.


	September 15, 2025
	(in thousands)
Total consideration transferred:
Cash	$	35,971



Net assets acquired:
Cash and cash equivalents	$	197
Accounts receivable, trade	18

Prepaid expenses and other current assets	29

Intangible-definite lived	6,870
Goodwill	29,036
Accrued expenses and other	(45)



Deferred revenue	(134)

Total net assets acquired	$	35,971

Marketing Technology Solutions Disposition

On October 31, 2025, the Company completed the sale of its marketing technology solutions business to Ignite Visibility for approximately $45.0 million in cash, subject to certain closing adjustments, as part of its previously announced strategic review. The Company determined that its marketing technology solutions met the criteria for discontinued operations reporting effective in the first quarter 2025. The results of operations of marketing technology solutions are presented as discontinued operations on the unaudited condensed consolidated statements of operations and comprehensive income (loss) through the date of sale. During the three months ended March 31, 2025, we recognized an impairment charge of $9.4 million, comprised of a goodwill impairment charge of $6.9 million and a valuation allowance of $2.6 million to adjust the carrying value of the marketing technology disposal group to estimated fair value less cost to sell, which is included in loss on held for sale and impairments within discontinued operations on our unaudited condensed consolidated statements of operations and comprehensive income (loss).

The following table summarizes the results of operations of marketing technology solutions reported as discontinued operations:


	Three months ended March 31,
	2026		2025
	(in thousands)

Total revenues	$	—	$	28,632
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization presented separately below)	—		20,661
Sales and marketing	—		2,702
Product development	—		1,086
General and administrative	—		2,283
Depreciation and amortization	—		1,191
Loss on held for sale and impairments	—		9,433
Total operating expenses	—		37,356
Operating loss	—		(8,724)
Other income, net	—		3
Net loss before income tax benefit	—		(8,721)
Income tax benefit	—		74
Loss from discontinued operations, net of income tax	$	—	$	(8,647)

The following table presents the significant non-cash items related to discontinued operations that are included in the accompanying statements of cash flows:


	Three months ended March 31,
			2026		2025
		(in thousands)

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			$	—	$	1,191
Share-based compensation			—		182
Loss on assets held for sale and impairments			—		9,433

In connection with the sale, we entered into a transition services agreement (“TSA”) with Ignite Visibility to provide services including information technology, finance, and accounting support. During the three months ended March 31, 2026, we recorded $0.5 million of income related to support services provided under the TSA, which is included in interest income and expense, net on our unaudited condensed consolidated statements of operations and comprehensive income (loss). As of March 31, 2026, we had a receivable of $0.8 million related to amounts due under the TSA, which is included in prepaid expenses and other current assets on our unaudited condensed consolidated balance sheets.

- Definition

The entire disclosure for business combination.

+ References

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+ Details

Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table presents the calculation of basic and diluted net income (loss) per share for the Company’s common stock as of:


	Three months ended March 31,
		2026		2025
		(in thousands except per share amounts)

Numerator:
Net income from continuing operations		$	7,171	934
Loss from discontinued operations, net of income tax		—		(8,647)
Net income (loss) attributable to common stockholders.		$	7,171	$	(7,713)

Denominator:
Weighted-average shares of common stock outstanding, basic		177,679		183,468
Weighted-average shares of common stock outstanding, diluted		180,416		185,222

Net income (loss) per share attributable to common stockholders, basic:
Continuing operations		$	0.04	$	0.01
Discontinued operations		—		(0.05)
Net income (loss) per share		$	0.04	$	(0.04)

Net income (loss) per share attributable to common stockholders, diluted:
Continuing operations		$	0.04	$	0.01
Discontinued operations		—		(0.05)
Net income (loss) per share		$	0.04	$	(0.04)

The following table illustrates the reconciliation of the denominators of the basic and diluted EPS computations for income (loss) from continuing operations and loss from discontinued operations, net of income tax.


	Three months ended March 31,
		2026	2025
		(in thousands)
Weighted-average shares of common stock outstanding, basic		177,679	183,468
Shares of common stock subject to outstanding RSUs		882	470
Shares of common stock subject to outstanding options		1,622	1,077
Shares of common stock pursuant to ESPP		233	207
Weighted-average shares of common stock outstanding, diluted		180,416	185,222

Schedule of Antidilutive Outstanding Common Stock Excluded from Computation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents have been excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented due to their anti-dilutive effect as of:


	Three months ended March 31,
		2026	2025
		(in thousands)
Outstanding stock options and unvested RSUs		14,494	19,612

Total anti-dilutive outstanding potential common stock		14,494	19,612

Equity	3 Months Ended
Equity	Mar. 31, 2026
Equity [Abstract]
Equity	Note 11. Equity On July 6, 2021, the Company filed an Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to authorize the issuance up to 2,050,000,000 shares, par value $0.00001 per share, consisting of 2,000,000,000 shares of common stock and 50,000,000 shares of preferred stock. On June 14, 2022, our Board approved a stock repurchase program (as subsequently amended, the “Repurchase Program”) with authorization to purchase up to $50.0 million in shares of the Company’s common stock through the expiration of the program on December 21, 2022. On November 7, 2022, November 5, 2023, May 21, 2024, May 1, 2025 and November 4, 2025, our Board increased the authorization of the Repurchase Program by an additional $50.0 million in shares of the Company’s common stock on each date for a total authorization to repurchase up to $300.0 million in shares of the Company’s common stock through December 31, 2026. Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market conditions and corporate needs. The Repurchase Program does not obligate the Company to acquire any particular amount of common stock and may be modified, suspended or terminated at any time at the discretion of the Board. The Company expects to fund repurchases with existing cash on hand. The Company repurchased and retired 1.3 million shares of common stock pursuant to the Repurchase Program for $13.9 million including transaction fees and taxes, during the three months ended March 31, 2026. As of March 31, 2026, $33.9 million remained available under the Repurchase Program.

- Definition

The entire disclosure for equity.

+ References

+ Details

Goodwill

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Note 5. Goodwill

Goodwill activity consisted of the following for the three months ended March 31, 2026 (in thousands):


Balance at December 31, 2025	$	893,802
Acquired goodwill	(83)

Effect of foreign currency exchange rate changes	(595)
Balance at March 31, 2026	$	893,124

Accumulated impairment losses at March 31, 2026	$	(6,418)

- Definition

The entire disclosure for goodwill.

+ References + Details

Acquisition and Disposition - Schedule of Non-cash Items Related to Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	$ 15,115	$ 17,959
Share-based compensation	5,881	6,940
Discontinued Operations, Disposed of by Sale \| Marketing technology solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	0	1,191
Share-based compensation	0	182
Loss on assets held for sale and impairments	$ 0	$ 9,433

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References + Details

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2025 and the related notes (“Annual Report on Form 10-K”). The December 31, 2025 consolidated balance sheet was derived from our audited consolidated financial statements as of that date. Our unaudited interim condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the unaudited condensed consolidated financial statements. All intercompany accounts and transactions have been eliminated in consolidation. There have been no significant changes in accounting policies during the three months ended March 31, 2026 from those disclosed in the annual consolidated financial statements for the year ended December 31, 2025 and the related notes.
Use of Estimates	Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates are subject to uncertainties due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change. Significant items subject to such estimates include: valuing identified intangible assets and acquired goodwill and establishing estimated useful lives for intangible assets in connection with business combinations; the estimation of the recoverability of goodwill and other intangible assets; income tax uncertainties, including valuation allowance for deferred tax assets and value of any uncertain tax positions; recognizing bad debt expense from expected credit losses; recognizing stock-based compensation expense and estimating standalone selling price, when applicable, for the allocation of transaction price when multiple performance obligations are included in a contract with a customer.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company evaluates all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (the “FASB”) for consideration of their applicability. ASUs not included in the disclosures in this report were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements. Accounting pronouncements issued and adopted In July 2025, the FASB issued ASU No. 2025-05, Financial instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This update provides a practical expedient for entities estimating expected credit losses on current trade receivables and contract assets arising from revenue transactions accounted for under Topic 606. The practical expedient permits an entity to assume current conditions as of the balance sheet date will not change for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses. The amendments in this update are effective for interim and annual periods within fiscal years beginning after December 15, 2025, with early adoption permitted. The Company adopted this guidance, effective for the annual period beginning January 1, 2026, including interim periods. This guidance is required to be applied prospectively. The Company evaluated the available elections under the new standard and determined the adoption of the guidance does not have a material impact on our consolidated financial statements. Accounting pronouncements not yet adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. Public companies will be required to disclose the amounts related to purchases of inventory, employee compensation, depreciation, intangible asset amortization, and selling expenses. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting the amendments in this update on its consolidated financial statements and disclosures. In September 2025, the FASB issued ASU No. 2025-06, Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This update modernizes the capitalization criteria for internal-use software by removing references to software development project stages so that the guidance is neutral to different software development methods. Therefore, under the guidance, software capitalization will begin when management has authorized and committed to funding the software project and when it is probable that the project will be completed and the software will be used to perform the function intended. The amendments in this update are effective for interim and annual periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting the amendments in this update on its consolidated financial statements and disclosures.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

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+ Details

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2025	Jul. 06, 2021	Mar. 31, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, RSUs			$ 55.3
Unrecognized compensation expense, stock options			$ 1.8
2021 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)		22,000,000
Percentage of stock outstanding		3.00%
Additional shares reserved for issuance (in shares)	5,500,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Segment Reporting - Schedule of Other Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting Information [Line Items]
Interest income	$ (579)	$ (1,080)
Interest expense	8,158	8,759
Stock-based compensation expense	5,881	6,940
Continuing Operations
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ 5,881	$ 6,755

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2026	May 05, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	001-40575
Entity Registrant Name	EverCommerce Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4063248
Entity Address, Address Line One	3601 Walnut Street, Suite 400
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80205
City Area Code	720
Local Phone Number	647-4948
Title of 12(b) Security	Common stock, $0.00001 par value
Trading Symbol	EVCM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		176,950,701
Entity Central Index Key	0001853145
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document fiscal Period Focus	Q1

Goodwill (Details) $ in Thousands	3 Months Ended
Goodwill (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 893,802
Acquired goodwill	(83)
Effect of foreign currency exchange rate changes	(595)
Ending balance	893,124
Accumulated impairment losses at March 31, 2026	$ (6,418)

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands		3 Months Ended
	Jul. 29, 2025	Mar. 31, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Principal debt		$ 525,250	$ 526,625
Deferred financing costs on long-term debt		(2,333)	(2,447)
Discount on long-term debt		(751)	(787)
Total debt		522,166	523,391
Less current maturities		5,500	5,500
Long-term portion		$ 516,666	517,891
Term Loan \| New Term Loan
Debt Instrument [Line Items]
Basis spread	0.25%	2.25%
Effective interest rate		5.91774%
Principal payment as a percentage of original principal balance		0.25%
Principal debt		$ 525,250	526,625
Revolving Loans \| New Revolver
Debt Instrument [Line Items]
Basis spread		2.00%
Effective interest rate		5.66484%
Principal debt		$ 0	$ 0

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 647,699	$ 647,791
Accumulated Amortization	494,759	483,551
Net Book Value	152,940	164,240
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	515,802	515,874
Accumulated Amortization	378,696	369,843
Net Book Value	137,106	146,031
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	95,332	95,347
Accumulated Amortization	85,283	83,777
Net Book Value	10,049	11,570
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	34,658	34,663
Accumulated Amortization	28,876	28,027
Net Book Value	$ 5,782	$ 6,636
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Useful Life	5 years	5 years
Gross Carrying Value	$ 1,907	$ 1,907
Accumulated Amortization	1,904	1,904
Net Book Value	$ 3	$ 3
Minimum \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life	5 years	5 years
Minimum \| Developed technology
Finite-Lived Intangible Assets [Line Items]
Useful Life	5 years	5 years
Minimum \| Trade name
Finite-Lived Intangible Assets [Line Items]
Useful Life	3 years	3 years
Maximum \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life	20 years	20 years
Maximum \| Developed technology
Finite-Lived Intangible Assets [Line Items]
Useful Life	12 years	12 years
Maximum \| Trade name
Finite-Lived Intangible Assets [Line Items]
Useful Life	10 years	10 years

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenues:
Total revenues	$ 147,465	$ 142,273
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization presented separately below)	32,684	31,188
Sales and marketing	33,087	28,783
Product development	21,199	19,963
General and administrative	32,672	31,281
Depreciation and amortization	15,115	16,768
Loss on sale and impairments	131	85
Total operating expenses	134,888	128,068
Operating income	12,577	14,205
Interest and other expense, net	(4,774)	(12,759)
Net income from continuing operations before income tax expense	7,803	1,446
Income tax expense	(632)	(512)
Net income from continuing operations	7,171	934
Loss from discontinued operations, net of income tax	0	(8,647)
Net income (loss)	7,171	(7,713)
Other comprehensive income (loss):
Foreign currency translation (loss) gain, net	(861)	477
Comprehensive income (loss)	$ 6,310	$ (7,236)
Basic net income (loss) per share attributable to common stockholders:
Continuing operations (in dollars per share)	$ 0.04	$ 0.01
Discontinued operations (in dollars per share)	0	(0.05)
Basic net income (loss) per share attributable to common stockholders (in dollars per share)	0.04	(0.04)
Diluted net income (loss) per share attributable to common stockholders:
Continuing operations (in dollars per share)	0.04	0.01
Discontinued operations (in dollars per share)	0	(0.05)
Diluted net income (loss) per share attributable to common stockholders (in dollars per share)	$ 0.04	$ (0.04)
Weighted-average shares of common stock outstanding used in computing net income (loss) per share:
Basic (in shares)	177,679,140	183,467,698
Diluted (in shares)	180,415,914	185,222,240
Subscription and transaction fees
Revenues:
Total revenues	$ 142,099	$ 137,779
Other
Revenues:
Total revenues	$ 5,366	$ 4,494

Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6. Intangible Assets

Intangible assets consisted of the following as of:


	March 31, 2026
	Useful Life	Gross Carrying Value		Accumulated Amortization		Net Book Value
	(in thousands)

Customer relationships	5-20 years	$	515,802	$	378,696	$	137,106
Developed technology	5-12 years	95,332		85,283		10,049
Trade name	3-10 years	34,658		28,876		5,782
Non-compete agreements	5 years	1,907		1,904		3
Total		$	647,699	$	494,759	$	152,940


	December 31, 2025
	Useful Life	Gross Carrying Value		Accumulated Amortization		Net Book Value
	(in thousands)

Customer relationships	5-20 years	$	515,874	$	369,843	$	146,031
Developed technology	5-12 years	95,347		83,777		11,570
Trade name	3-10 years	34,663		28,027		6,636
Non-compete agreements	5 years	1,907		1,904		3
Total		$	647,791	$	483,551	$	164,240

Amortization expense was $11.3 million and $13.7 million for the three months ended March 31, 2026 and 2025, respectively.

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 25,659	$ 24,881
Less accumulated depreciation	(19,616)	(19,137)
Property and equipment, net	6,043	5,744
Computer equipment and software
Property, Plant and Equipment [Line Items]
Total property and equipment	12,418	11,748
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	3,260	3,152
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 9,981	$ 9,981

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2026
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2025 and the related notes (“Annual Report on Form 10-K”). The December 31, 2025 consolidated balance sheet was derived from our audited consolidated financial statements as of that date. Our unaudited interim condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the unaudited condensed consolidated financial statements. All intercompany accounts and transactions have been eliminated in consolidation. There have been no significant changes in accounting policies during the three months ended March 31, 2026 from those disclosed in the annual consolidated financial statements for the year ended December 31, 2025 and the related notes. On October 31, 2025, the Company completed the sale of its marketing technology solutions business concluding the previously announced strategic review. The Company determined that its marketing technology solutions met the criteria for discontinued operations reporting effective in the first quarter 2025. As a result, the operating results of marketing technology solutions business are presented as discontinued operations in our unaudited condensed consolidated statements of operations and comprehensive income (loss) for all periods presented through the date of sale. The unaudited condensed consolidated statements of cash flow are inclusive of continuing and discontinued operations for all periods presented through the date of sale. Unless otherwise noted, disclosures throughout these notes to the unaudited condensed consolidated financial statements reflect continuing operations only. Refer to Note 3. Acquisition and Disposition for additional information. The operating results for the three months ended March 31, 2026 are not necessarily indicative of the results expected for the full year ending December 31, 2026. Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates are subject to uncertainties due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change. Significant items subject to such estimates include: valuing identified intangible assets and acquired goodwill and establishing estimated useful lives for intangible assets in connection with business combinations; the estimation of the recoverability of goodwill and other intangible assets; income tax uncertainties, including valuation allowance for deferred tax assets and value of any uncertain tax positions; recognizing bad debt expense from expected credit losses; recognizing stock-based compensation expense and estimating standalone selling price, when applicable, for the allocation of transaction price when multiple performance obligations are included in a contract with a customer. Recently Issued Accounting Pronouncements The Company evaluates all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (the “FASB”) for consideration of their applicability. ASUs not included in the disclosures in this report were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements. Accounting pronouncements issued and adopted In July 2025, the FASB issued ASU No. 2025-05, Financial instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This update provides a practical expedient for entities estimating expected credit losses on current trade receivables and contract assets arising from revenue transactions accounted for under Topic 606. The practical expedient permits an entity to assume current conditions as of the balance sheet date will not change for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses. The amendments in this update are effective for interim and annual periods within fiscal years beginning after December 15, 2025, with early adoption permitted. The Company adopted this guidance, effective for the annual period beginning January 1, 2026, including interim periods. This guidance is required to be applied prospectively. The Company evaluated the available elections under the new standard and determined the adoption of the guidance does not have a material impact on our consolidated financial statements. Accounting pronouncements not yet adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period. Public companies will be required to disclose the amounts related to purchases of inventory, employee compensation, depreciation, intangible asset amortization, and selling expenses. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting the amendments in this update on its consolidated financial statements and disclosures. In September 2025, the FASB issued ASU No. 2025-06, Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This update modernizes the capitalization criteria for internal-use software by removing references to software development project stages so that the guidance is neutral to different software development methods. Therefore, under the guidance, software capitalization will begin when management has authorized and committed to funding the software project and when it is probable that the project will be completed and the software will be used to perform the function intended. The amendments in this update are effective for interim and annual periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting the amendments in this update on its consolidated financial statements and disclosures.

Revenue - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 38,474	$ 37,046
Contract assets	11,505	11,612
Deferred revenue	21,554	21,670
Customer deposits	12,513	12,519
Long-term deferred revenue	$ 358	$ 332

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following as of:


	March 31, 2026
	Useful Life	Gross Carrying Value		Accumulated Amortization		Net Book Value
	(in thousands)

Customer relationships	5-20 years	$	515,802	$	378,696	$	137,106
Developed technology	5-12 years	95,332		85,283		10,049
Trade name	3-10 years	34,658		28,876		5,782
Non-compete agreements	5 years	1,907		1,904		3
Total		$	647,699	$	494,759	$	152,940


	December 31, 2025
	Useful Life	Gross Carrying Value		Accumulated Amortization		Net Book Value
	(in thousands)

Customer relationships	5-20 years	$	515,874	$	369,843	$	146,031
Developed technology	5-12 years	95,347		83,777		11,570
Trade name	3-10 years	34,663		28,027		6,636
Non-compete agreements	5 years	1,907		1,904		3
Total		$	647,791	$	483,551	$	164,240

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 129,316	$ 129,730
Accounts receivable, net of allowance for expected credit losses of $3.5 million and $3.6 million at March 31, 2026 and December 31, 2025, respectively	38,474	37,046
Contract assets	11,505	11,612
Prepaid expenses and other current assets	36,506	34,391
Total current assets	215,801	212,779
Property and equipment, net	6,043	5,744
Capitalized software, net	62,610	58,968
Other non-current assets	37,760	36,261
Intangible assets, net	152,940	164,240
Goodwill	893,124	893,802
Total assets	1,368,278	1,371,794
Current liabilities:
Accounts payable	12,122	5,125
Accrued expenses and other	52,198	55,836
Deferred revenue	21,554	21,670
Customer deposits	12,513	12,519
Current maturities of long-term debt	5,500	5,500
Total current liabilities	103,887	100,650
Long-term debt, net of current maturities and deferred financing costs	516,666	517,891
Other non-current liabilities	33,756	36,380
Total liabilities	654,309	654,921
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $0.00001 par value, 50,000,000 shares authorized and no shares issued or outstanding as of March 31, 2026 and December 31, 2025	0	0
Common stock, $0.00001 par value, 2,000,000,000 shares authorized and 177,250,834 and 178,111,971 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	2	2
Accumulated other comprehensive loss	(13,547)	(12,686)
Additional paid-in capital	1,363,808	1,373,022
Accumulated deficit	(636,294)	(643,465)
Total stockholders’ equity	713,969	716,873
Total liabilities and stockholders’ equity	$ 1,368,278	$ 1,371,794

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consisted of the following as of:


	March 31,		December 31,
	2026		2025
	(in thousands)

Computer equipment and software	$	12,418	$	11,748
Furniture and fixtures	3,260		3,152
Leasehold improvements	9,981		9,981
Total property and equipment	25,659		24,881
Less accumulated depreciation	(19,616)		(19,137)
Property and equipment, net	$	6,043	$	5,744

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total	$ 147,465	$ 142,273
United States
Disaggregation of Revenue [Line Items]
Total	130,394	127,130
International
Disaggregation of Revenue [Line Items]
Total	17,071	15,143
Point in time
Disaggregation of Revenue [Line Items]
Total	3,506	2,608
Over time
Disaggregation of Revenue [Line Items]
Total	$ 143,959	$ 139,665

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

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+ Details

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Interest rate swaps
Liability:
Interest rate swap	$ 500
Interest rate swaps \| Fair Value, Recurring
Assets:
Interest rate swaps	485
Liability:
Interest rate swap	2,218	$ 4,687
Interest rate swaps \| Level 1 \| Fair Value, Recurring
Assets:
Interest rate swaps	0
Liability:
Interest rate swap	0	0
Interest rate swaps \| Level 2 \| Fair Value, Recurring
Assets:
Interest rate swaps	485
Liability:
Interest rate swap	2,218	4,687
Interest rate swaps \| Level 3 \| Fair Value, Recurring
Assets:
Interest rate swaps	0
Liability:
Interest rate swap	0	0
Money market \| Fair Value, Recurring
Assets:
Money market	4,781	2,376
Money market \| Level 1 \| Fair Value, Recurring
Assets:
Money market	4,781	2,376
Money market \| Level 2 \| Fair Value, Recurring
Assets:
Money market	0	0
Money market \| Level 3 \| Fair Value, Recurring
Assets:
Money market	$ 0	$ 0

Acquisition and Disposition - Schedule of Results of Operations from the Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of income tax	$ 0	$ (8,647)
Discontinued Operations, Disposed of by Sale \| Marketing technology solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues	0	28,632
Cost of revenues (exclusive of depreciation and amortization presented separately below)	0	20,661
Sales and marketing	0	2,702
Product development	0	1,086
General and administrative	0	2,283
Depreciation and amortization	0	1,191
Loss on held for sale and impairments	0	9,433
Total operating expenses	0	37,356
Operating loss	0	(8,724)
Other income, net	0	3
Net loss before income tax benefit	0	(8,721)
Income tax benefit	0	74
Loss from discontinued operations, net of income tax	$ 0	$ (8,647)

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes Our provision for income taxes in interim periods is based on our estimated annual effective tax rate plus the impact, if any, of discrete items recognized in the interim period. We record cumulative adjustments in the quarter in which a change in the estimated annual effective rate is determined. The income tax expense was $0.6 million and $0.5 million for the three months ended March 31, 2026 and 2025, respectively. The difference in income tax expense for the three months ended March 31, 2026 as compared to the corresponding period in 2025 was driven primarily by an increase in net income from continuing operations before tax and discrete items, including a New Zealand return to provision true-up during the three months ended March 31, 2025.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 740
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0.6	$ 0.7

Long-Term Debt - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Debt Disclosure [Abstract]
2026 (remainder of year)	$ 4,125
2027	5,500
2028	5,500
2029	5,500
2030	5,500
Thereafter	499,125
Total aggregate maturities of the Company’s debt	$ 525,250

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Information for Revenues

The following table provides segment information for revenues, net income (loss) and significant expenses:



	Three months ended March 31,
		2026		2025





Total revenues		$	147,465	$	142,273

Less(1):
Employee expense		61,829		55,800
Marketing and advertising		9,786		8,388
Communication services		5,878		5,679
Third-party commissions		4,518		5,296
Software, tools and hosting		18,317		13,639
Legal and professional fees		11,250		14,671
Loss on sale and impairments		131		85
Other segment items(2)		8,064		7,742
Depreciation and amortization		15,115		16,768
Interest and other expense, net		4,774		12,759
Income tax expense		632		512
Total expenses		140,294		141,339
Net income from continuing operations		7,171		934
Loss from discontinued operations, net of income tax		—		(8,647)
Net income (loss)		$	7,171	$	(7,713)


(1) The significant expense categories and amounts align with information that is regularly reviewed by the CODM.
(2) Other segment items include corporate overhead expenses, transaction-related and other non-recurring or unusual costs, facility expenses, bad debt and other miscellaneous cost of services.


	Three months ended March 31,
		2026		2025

Other Segment Disclosures
Interest income		$	(579)	$	(1,080)
Interest expense		8,158		8,759
Other Significant Non-cash Items:
Stock-based compensation		5,881		6,755

Net Income (Loss) Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Net Income (Loss) Per Share Attributable to Common Stockholders

Note 13. Net Income (Loss) Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net income (loss) per share for the Company’s common stock as of:


	Three months ended March 31,
		2026		2025
		(in thousands except per share amounts)

Numerator:
Net income from continuing operations		$	7,171	934
Loss from discontinued operations, net of income tax		—		(8,647)
Net income (loss) attributable to common stockholders.		$	7,171	$	(7,713)

Denominator:
Weighted-average shares of common stock outstanding, basic		177,679		183,468
Weighted-average shares of common stock outstanding, diluted		180,416		185,222

Net income (loss) per share attributable to common stockholders, basic:
Continuing operations		$	0.04	$	0.01
Discontinued operations		—		(0.05)
Net income (loss) per share		$	0.04	$	(0.04)

Net income (loss) per share attributable to common stockholders, diluted:
Continuing operations		$	0.04	$	0.01
Discontinued operations		—		(0.05)
Net income (loss) per share		$	0.04	$	(0.04)


	Three months ended March 31,
		2026	2025
		(in thousands)
Weighted-average shares of common stock outstanding, basic		177,679	183,468
Shares of common stock subject to outstanding RSUs		882	470
Shares of common stock subject to outstanding options		1,622	1,077
Shares of common stock pursuant to ESPP		233	207
Weighted-average shares of common stock outstanding, diluted		180,416	185,222


	Three months ended March 31,
		2026	2025
		(in thousands)
Outstanding stock options and unvested RSUs		14,494	19,612

Total anti-dilutive outstanding potential common stock		14,494	19,612