Company: EVCM
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001853145-25-000017
Chunk: 11

Company: EverCommerce Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 11
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24$ (in thousands)Revenues:Subscription and transaction fees$137,779 $133,382 $4,397 Other4,494 4,470 24 Total revenues142,273 137,852 4,421 Operating expenses:Cost of revenues (1) (exclusive of depreciation and amortization presented separately below)31,188 31,501 (313)Sales and marketing (1)28,783 27,564 1,219 Product development (1)19,963 19,306 657 General and administrative (1)31,281 31,641 (360)Depreciation and amortization16,768 20,904 (4,136)Loss on held for sale and impairments85 11,232 (11,147)Total operating expenses128,068 142,148 (14,080)Operating income (loss)14,205 (4,296)18,501 Interest and other expense, net(12,759)(5,791)(6,968)Net income (loss) from continuing operations before income tax (expense) benefit1,446 (10,087)11,533 Income tax expense(512)(5,923)5,411 Net income (loss) from continuing operations934 (16,010)16,944 Loss from discontinued operations, net of income tax(8,647)(314)(8,333)Net loss$(7,713)$(16,324)$8,611 

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

 Three months ended March 31,Change 20252024$ (in thousands)Cost of revenues$97 $95 $2 Sales and marketing320 335 (15)Product development460 502 (42)General and administrative5,878 4,478 1,400 Total stock-based compensation expense$6,755 $5,410 $1,345 

26

Comparison of the three months ended March 31, 2025 and 2024 (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 three months ended March 31, 2025 compared to the same period in 2024.

Three months ended March 31,Change20252024%Total Revenues100%100%Operating expenses:Cost of revenues (exclusive