Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 116

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 7
Chunk 116
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 transaction fees$548,344 $520,234 Marketing technology solutions129,271 133,162 Other21,150 21,973 Total revenues698,765 675,369 Operating expenses:Cost of revenues (1) (exclusive of depreciation and amortization presented separately below)228,379 231,007 Sales and marketing (1)122,505 123,561 Product development (1)79,673 75,614 General and administrative (1)139,423 132,235 Depreciation and amortization88,824 104,201 Loss on sale and impairments39,709 6,325 Total operating expenses698,513 672,943 Operating income252 2,426 Interest and other expense, net(35,559)(46,407)Net loss before income tax expense(35,307)(43,981)Income tax expense(5,782)(1,639)Net loss$(41,089)$(45,620)

(1)Includes stock-based compensation expense as follows:

Year Ended December 31,20242023(in thousands)Cost of revenues$461 $464 Sales and marketing1,184 1,672 Product development2,055 2,273 General and administrative22,791 21,150 Total stock-based compensation expense$26,491 $25,559 

II-11

Comparison of the years ended December 31, 2024 and 2023 (percentage of revenue)

The following table provides the key components of operating costs within our results of operations as a percentage of revenue for the year ended December 31, 2024 compared to the same period in 2023.

Year Ended December 31,Change20242023%Total Revenues100.0%100.0%—%Operating expenses:Cost of revenues (exclusive of depreciation and amortization presented separately below)32.7 %34.2 %(1.5)%Sales and marketing17.5 %18.3 %(0.8)%Product development 11.4 %11.2 %0.2 %General and administrative20.0 %19.6 %0.4 %Depreciation and amortization12.7 %15.4 %(2.7)%Loss on sale and impairments5.7 %0.9 %4.8 %Total operating expenses100.