Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 105

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 105
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 expenses such as impairment charges, (gains) losses from divestitures, system implementation costs, executive separation costs, severance expense related to planned restructuring activities, and costs associated with integration and transformation improvements. Transaction-related and other non-recurring or unusual costs are excluded as they are not representative of our underlying operating performance. Adjusted EBITDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income (loss). 

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The following table presents a reconciliation of net loss from continuing operations, the most directly comparable financial measure calculated in accordance with U.S. GAAP, to Adjusted EBITDA from continuing operations.

 Three months ended June 30,ChangeSix months ended June 30,Change 20252024$20252024$ (in thousands)Net income (loss) from continuing operations$5,761 $(2,552)$8,313 $6,695 $(18,562)$25,257 Adjusted to exclude the following:Interest and other expense, net8,798 9,552 (754)21,557 15,343 6,214 Income tax expense1,243 703 540 1,755 6,626 (4,871)Depreciation and amortization16,589 19,901 (3,312)33,357 40,805 (7,448)Other amortization1,541 1,321 220 3,023 2,632 391 Stock-based compensation expense8,072 6,247 1,825 14,827 11,657 3,170 Transaction-related and other non-recurring or unusual costs2,953 4,261 (1,308)8,688 19,582 (10,894)Adjusted EBITDA from continuing operations$44,957 $39,433 $5,524 $89,902 $78,083 $11,819 

Description of Certain Components of Financial Data

Each of the components of our financial results described below relate to continuing operations other than loss from discontinued operations, net of income tax. For additional information concerning our accounting policies, see Note 2. Summary of Significant Accounting Policies in the notes to the consolidated financial statements included in our Annual Report on Form 10-K.

Revenues

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