Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 172

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 172
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 discretionary and/or matching contributions to the 401(k). The Company matched 100% of employee contributions up to 4% of eligible compensation. Employer matching contributions were $5.6 million, $5.3 million and $4.8 million for the years ended December 31, 2024, 2023 and 2022, respectively.

II-46

   EverCommerce Inc.Notes to Consolidated Financial Statements

Note 16. Income TaxesThe components of our net loss before income tax (expense) benefit are as follows:Year Ended December 31,202420232022(in thousands)United States$(46,156)$(43,177)$(59,134)International10,849 (804)(5,362)Net loss before income tax (expense) benefit$(35,307)$(43,981)$(64,496)As of December 31, 2024, a portion of our undistributed earnings from non-U.S. subsidiaries are intended to be indefinitely reinvested in non-U.S. operations, and therefore no U.S. deferred taxes have been recorded. As of December 31, 2024, there was no material unrecognized deferred tax liability related to countries where we are indefinitely reinvested. The remaining undistributed earnings from non-U.S. subsidiaries are not permanently reinvested, however, due to a combination of anticipated tax treatment and losses, no material deferred tax liability exists.The components of the provision for income taxes consists of the following:Year Ended December 31,202420232022(in thousands)Current:Federal$173 $— $— State1,256 1,649 1,539 Foreign1,335 1,647 1,258 Total current2,764 3,296 2,797 Deferred:Federal(8,724)(4,376)(9,034)State(2,143)(2,368)(2,743)Foreign289 (256)(11,235)Change in valuation allowance - United States13,697 8,831 12,257 Change in valuation allowance - Foreign(101)(3,488)3,278 Total deferred3,018 (1,657)(7,477)Income tax expense (benefit)$5,782 $1,639 $(4,680)

II-47

   EverCommerce Inc.Notes to Consolidated Financial Statements

The Company’s deferred tax assets and liabilities, included in other non