Company: EVCM
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001853145-25-000017
Chunk: 34

Company: EverCommerce Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 34
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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

EverCommerce Inc.

Condensed Consolidated Balance Sheets

(in thousands, except per share and share amounts)

(unaudited)

March 31,December 31,20252024AssetsCurrent assets:Cash and cash equivalents$148,408 $135,782 Accounts receivable, net of allowance for expected credit losses of $2.1 million and $2.3 million at March 31, 2025 and December 31, 2024, respectively32,356 31,090 Contract assets11,115 12,839 Assets held for sale46,435 11,422 Prepaid expenses and other current assets30,231 27,181 Total current assets268,545 218,314 Property and equipment, net5,907 6,129 Capitalized software, net43,573 41,595 Other non-current assets34,912 36,127 Non-current assets held for sale— 44,779 Intangible assets, net197,477 211,172 Goodwill863,686 863,152 Total assets1,414,100 1,421,268 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$7,533 $6,599 Accrued expenses and other54,832 50,840 Deferred revenue22,122 22,107 Customer deposits11,857 11,382 Current maturities of long-term debt5,500 5,500 Liabilities held for sale15,626 14,298 Total current liabilities117,470 110,726 Long-term debt, net of current maturities and deferred financing costs521,364 522,442 Other non-current liabilities35,697 36,301 Non-current liabilities held for sale— 973 Total liabilities674,531 670,442 Commitments and contingencies (Note 17)Stockholders’ equity:Preferred stock, $0.00001 par value, 50,000,000 shares authorized and no shares issued or outstanding as of March 31, 2025 and December 31, 2024— — Common stock, $0.00001 par value, 2,000,000,000 shares authorized and 183,034,613 and 183,725,236 shares issued and outstanding at March 31, 2025 and