Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 13

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 13
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045 68 General and administrative6,906 5,238 1,668 12,784 9,716 3,068 Total stock-based compensation expense$8,072 $6,247 $1,825 $14,827 $11,657 $3,170 

29

Comparison of the three and six months ended June 30, 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 and six months ended June 30, 2025 compared to the same period in 2024.

Three months ended June 30,ChangeSix months ended June 30,Change20252024%20252024%Total Revenues100.0%100.0%100%100%Operating expenses:Cost of revenues (exclusive of depreciation and amortization presented separately below)22.6 %22.5 %0.1 %22.2 %22.7 %(0.5)%Sales and marketing20.7 %20.6 %0.1 %20.5 %20.3 %0.2 %Product development 13.2 %13.7 %(0.5)%13.6 %13.8 %(0.2)%General and administrative21.7 %23.3 %(1.6)%21.8 %23.1 %(1.3)%Depreciation and amortization11.2 %14.2 %(3.0)%11.5 %14.7 %(3.2)%Loss on held for sale and impairments— %0.3 %(0.3)%— %4.2 %(4.2)%Total operating expenses89.3 %94.5 %(5.2)%89.7 %98.8 %(9.1)%

While revenue growth remains a key focus, we remain committed to continued expansion of gross margin, net income and Adjusted EBITDA through ongoing transformation initiatives. As a percentage of revenue, cost of revenues declined from 22.7% for the six months ended June 30, 2024, to 22.2% for the six months ended June 30, 2025, an improvement of approximately 60 basis points resulting in higher gross margin. As a percentage of