The company maintains a conservative capital structure with a debt-to-equity ratio of 0.75 as of 2025Q4, though the balance sheet remains heavily weighted toward $893.1 million in goodwill.
| Total Current Assets | 215.8M | 212.78M | 218.31M | 180.15M | 180.59M | 171.62M | 143.83M | 97.04M |
| Cash & Short-Term Investments | 129.32M | 129.73M | 135.78M | 92.61M | 92.63M | 93.99M | 96.03M | 54.86M |
| Cash Only | 129.32M | 129.73M | 135.78M | 92.61M | 92.63M | 93.99M | 96.03M | 54.86M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 38.47M | 48.66M | 53.47M | 61.53M | 61M | 51.55M | 34.8M | 25.87M |
| Days Sales Outstanding | 28.78 | 30.16 | 27.93 | 33.26 | 35.87 | 38.39 | 37.64 | 38.99 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 48.01M | 34.39M | 29.06M | 26M | 26.96M | 3.57M | 2.3M | 2.48M |
| Total Non-Current Assets | 1.15B | 1.16B | 1.2B | 1.34B | 1.41B | 1.49B | 1.18B | 823.21M |
| Property, Plant & Equipment | 6.04M | 5.74M | 6.66M | 9.73M | 11.93M | 13.51M | 14.71M | 11.7M |
| Fixed Asset Turnover | 26.30x | 102.53x | 104.95x | 69.38x | 52.03x | 36.28x | 22.95x | 20.70x |
| Goodwill | 893.12M | 893.8M | 886.3M | 927.43M | 914.08M | 921.42M | 668.15M | 426.57M |
| Intangible Assets | 152.94M | 164.24M | 270.51M | 358.03M | 438.27M | 532.53M | 486.8M | 376.98M |
| Long-Term Investments | 258K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 100.37M | 95.23M | 39.49M | 42.72M | 46.85M | 24.3M | 14.1M | 7.96M |
| Total Assets | 1.37B | 1.37B | 1.42B | 1.52B | 1.59B | 1.66B | 1.33B | 920.24M |
| Asset Turnover | 0.43x | 0.43x | 0.49x | 0.44x | 0.39x | 0.29x | 0.25x | 0.26x |
| Asset Growth % | -13.31% | -3.48% | -6.38% | -4.63% | -4.31% | 25.29% | 44.26% | - |
| Total Current Liabilities | 103.89M | 100.65M | 110.73M | 117.38M | 105.08M | 103.43M | 86.7M | 50.08M |
| Accounts Payable | 12.12M | 5.13M | 8.04M | 8.64M | 8.37M | 10.32M | 11.13M | 4.31M |
| Days Payables Outstanding | 18.08 | 14.16 | 12.85 | 13.65 | 14.06 | 23.23 | 35.32 | 21.53 |
| Short-Term Debt | 5.5M | 9.35M | 5.5M | 5.5M | 5.5M | 10.94M | 7.29M | 4.63M |
| Deferred Revenue (Current) | 66.38M | 21.67M | 38.69M | 36.97M | 34.24M | 32.82M | 21.87M | 15.08M |
| Other Current Liabilities | 64.71M | 64.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 2.08x | 2.11x | 1.97x | 1.53x | 1.72x | 1.66x | 1.66x | 1.94x |
| Quick Ratio | 2.08x | 2.11x | 1.97x | 1.53x | 1.72x | 1.66x | 1.66x | 1.94x |
| Cash Conversion Cycle | 10.7 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 550.42M | 554.27M | 559.72M | 574.65M | 579.95M | 574.3M | 721.73M | 454.68M |
| Long-Term Debt | 0 | 517.89M | 522.44M | 526.7M | 530.95M | 535.18M | 691.04M | 434.13M |
| Capital Lease Obligations | 32.48M | 9.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 17.86M | 10.77M | 6.21M |
| Other Non-Current Liabilities | 550.42M | 26.09M | 37.27M | 47.96M | 49.01M | 18.45M | 17.63M | 12.13M |
| Total Liabilities | 654.31M | 654.92M | 670.44M | 692.03M | 685.03M | 677.73M | 808.43M | 504.75M |
| Total Debt | 5.5M | 537.2M | 527.94M | 532.2M | 536.45M | 546.13M | 698.33M | 438.76M |
| Net Debt | -123.82M | 407.47M | 392.16M | 439.59M | 443.82M | 452.13M | 602.3M | 383.9M |
| Debt / Equity | 0.01x | 0.75x | 0.70x | 0.64x | 0.59x | 0.55x | 1.35x | 1.06x |
| Debt / EBITDA | 0.04x | 4.25x | 5.93x | 4.99x | 6.69x | 7.36x | 12.74x | - |
| Net Debt / EBITDA | -0.97x | 3.22x | 4.40x | 4.12x | 5.53x | 6.09x | 10.99x | - |
| Interest Coverage | 1.91x | 1.56x | 0.01x | 0.05x | -0.90x | -1.55x | -0.53x | -1.74x |
| Total Equity | 713.97M | 716.87M | 750.83M | 826.04M | 906.69M | 985.65M | 519.16M | 415.49M |
| Equity Growth % | -18.57% | -4.52% | -9.1% | -8.9% | -8.01% | 89.86% | 24.95% | - |
| Book Value per Share | 3.96 | 3.90 | 4.06 | 4.37 | 4.66 | 5.04 | 2.66 | 2.13 |
| Total Shareholders' Equity | 713.97M | 716.87M | 750.83M | 826.04M | 906.69M | 985.65M | 519.16M | 415.49M |
| Common Stock | 2K | 2K | 2K | 2K | 2K | 2K | 0 | 0 |
| Retained Earnings | -636.29M | -643.47M | -661.06M | -619.98M | -573.05M | -513.23M | -431.26M | -371.31M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -13.55M | -12.69M | -14.32M | -8.02M | -10.2M | -1.77M | 1.55M | 342K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High goodwill concentration risk
Based on the most recent balance sheet data, EverCommerce maintains a total asset base of $1.4 billion, of which $893.1 million is comprised of goodwill, suggesting that the company's valuation is heavily reliant on the successful integration of past acquisitions rather than tangible physical infrastructure.
The overwhelming concentration of intangible assets relative to the $6.0 million in net property, plant, and equipment highlights an asset-light model that is highly sensitive to impairment risks. Investors should monitor whether the carrying value of these acquisitions remains justified given the recent contraction in top-line revenue growth.
According to reported financial statements, EverCommerce has maintained a disciplined debt-to-equity ratio of 0.75 as of 2025Q4, reflecting a conservative capital structure that provides the firm with a necessary buffer while it navigates a period of significant revenue contraction and operational restructuring.
The company's ability to keep leverage metrics stable despite the volatility in its underlying business suggests a management preference for balance sheet preservation. This moderate debt load appears manageable, though it warrants further investigation into the maturity profile and potential refinancing requirements in a higher-rate environment.
As indicated by the latest quarterly filings, EverCommerce holds $129.3 million in cash and maintains a current ratio of 2.08, which suggests the company possesses sufficient short-term liquidity to meet its immediate obligations despite the ongoing challenges in its organic growth engine.
While the current ratio appears healthy, the absolute cash position has fluctuated significantly over the last ten quarters, reflecting the impact of capital allocation decisions such as share repurchases. This liquidity buffer is essential for maintaining operations, but investors should monitor if cash burn accelerates if revenue trends do not stabilize.
Based on the provided balance sheet, EverCommerce reports a substantial accumulated deficit of $636.3 million in retained earnings as of 2026Q1, which indicates that the company has yet to achieve the sustained profitability required to build a self-sustaining equity base through organic operations.
The persistent negative retained earnings suggest that historical growth has been funded primarily through external capital and equity issuance rather than internal cash generation. This trend warrants further investigation into the long-term sustainability of the current business model and its reliance on non-cash accounting adjustments to manage the bottom line.
As reported in the company's financial disclosures, the $893.1 million in goodwill represents over 60% of total assets, which may indicate that the balance sheet is vulnerable to significant write-downs if the acquired software assets fail to deliver the expected synergies in their respective vertical markets.
The reliance on goodwill as a primary asset component makes the balance sheet potentially misleading regarding the company's true liquidation value. If the current revenue contraction persists, the risk of a material impairment charge increases, which could significantly impact the company's equity position and overall financial health.
Quick answers to the most common questions about buying EVCM stock.
As of 2025, EverCommerce Inc. (EVCM) had total assets of $1.37B including $212.8M in current assets.
EverCommerce Inc. (EVCM) carries total debt of $537.2M, offset by $129.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
EverCommerce Inc. (EVCM) has total shareholders' equity (book value) of $716.9M ($3.90 book value per share). Book value represents the net worth of the company belonging to common stock holders.
EverCommerce Inc. (EVCM) reported a current ratio of 2.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.