Everforth (EFOR) Reports Q3 2026 Revenue Growth Driven by AI and Federal Contracts
Everforth, Inc. (EFOR) reported third-quarter revenue of $1,031.4 million, surpassing prior guidance due to strong demand in its Commercial and Federal Government segments. The company saw growth driven by artificial intelligence, cybersecurity, and cloud transformation services. Adjusted EBITDA reached $106.3 million, exceeding the high end of management's previous guidance range. Despite revenue growth, the company experienced gross margin compression across both segments due to a shift in contract mix and foreign currency fluctuations. Management is currently focused on debt reduction following the Quinnox acquisition, aiming to lower its net leverage ratio from 3.1x toward a target of 2.5x or below. The federal segment remains robust with a $2.9 billion backlog.
Topics: EBITDA guidance beat federal contracts margin compression revenue growth segment performance