Updated
The most significant concentration EverCommerce discloses is Worldpay and PayPal, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: EverCommerce’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'We have entered into agreements with certain payment processors, including Worldpay and PayPal, in order to enable our clients' processing of credit, debit and prepaid card transactions'”
“10-K Item 1A: 'Payment-related transactions comprised approximately 20% of our revenue in 2025'”
The company's disclosed concentration profile is limited, with a moderate counterparty dependency and a small product-line exposure. The company has entered into agreements with certain payment processors — including Worldpay and PayPal — to enable its clients' processing of credit, debit, and prepaid card transactions, a medium-share counterparty dependency by disclosed size. The risk here is dependency: the company's ability to deliver payment-processing capabilities to its clients relies on the continued participation and stability of these third-party processors. A disruption in those relationships could constrain a meaningful portion of the platform's payment functionality. Payment-related transactions comprised approximately 20% of revenue in 2025, a low share by disclosed size with a structural character — this segment reflects how payments capability is embedded into the company's broader software suite rather than an idiosyncratic customer or counterparty reliance. Because the payment revenue represents a modest portion of the overall revenue base, even a complete disruption to the payment-processing channel would leave the majority of revenue unaffected. Taken together, the disclosed profile is relatively contained. The Worldpay and PayPal dependency is the more idiosyncratic of the two, but it operates against a revenue base where payments represent a low share, which limits the potential revenue impact of a processor-level disruption. No customer, geographic, or supply-chain concentration is separately disclosed.
For the engine’s reasoning on EVCM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| EVCM● | EverCommerce Inc. | 0 | 1 | 1 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.