Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 44

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 44
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— — (9,156)— (9,156)Balance at September 30, 2024183,821 $2 $1,426,713 $(648,831)$(7,141)$770,743 

The accompanying notes are an integral part of these condensed consolidated financial statements.4

EverCommerce Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)Nine months ended September 30,20252024Cash flows provided by operating activities:Net income (loss)$11,556 $(28,856)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization51,313 66,880 Stock-based compensation expense22,046 20,184 Deferred taxes2,487 5,579 Amortization of deferred financing costs and non-cash interest1,145 1,230 Loss on held for sale and impairments6,959 11,761 Bad debt expense4,423 3,237 Loss on interest rate swap valuation adjustments6,047 2,282 Other non-cash items1,145 831 Changes in operating assets and liabilities:Accounts receivable, net(12,515)(8,196)Prepaid expenses and other current assets(2,655)(5,327)Other non-current assets(2,222)1,159 Accounts payable(327)(667)Accrued expenses and other4,609 (6,010)Deferred revenue860 2,700 Other non-current liabilities(4,688)(2,037)Net cash provided by operating activities90,183 64,750 Cash flows used in investing activities:Purchases of property and equipment(1,933)(1,208)Capitalization of software costs(20,936)(13,071)Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash2,271 6,610 Acquisition, net of cash acquired(35,856)— Net cash used in investing activities(56,454)(7,669)Cash flows used in financing activities:Payments on long-term debt(4,125)(4,125)Deferred financing costs(940)— Exercise of stock options, net6,908 3,788 Proceeds from common stock issuance for Employee Stock Purchase Plan1,562 1,755 Employee taxes paid for RSU withholdings(