Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 8

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 8
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16,723 Depreciation and amortization 4,846 5,247 (401)14,051 15,872 (1,821)Adjusted gross profit from continuing operations$113,991 $109,481 $4,510 $339,696 $324,794 $14,902 

Adjusted EBITDA

Adjusted EBITDA is calculated as net income (loss) adjusted to exclude interest and other expense, net, income tax expense (benefit), depreciation and amortization, other amortization, stock-based compensation, and transaction-related and other non-recurring or unusual costs. Other amortization includes amortization for capitalized contract acquisition costs. Transaction-related costs are specific deal-related costs such as legal fees, financial and tax due diligence, consulting and escrow fees. Other non-recurring or unusual costs are expenses such as impairment charges, (gains) losses from divestitures, system implementation costs including amortization of cloud-based software 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 September 30,ChangeNine months ended September 30,Change 20252024$20252024$ (in thousands)Net income (loss) from continuing operations$5,804 $(9,115)$14,919 $12,499 $(27,677)$40,176 Adjusted to exclude the following:Interest and other expense, net8,902 18,332 (9,430)30,459 33,675 (3,216)Income tax expense1,247 938 309 3,002 7,564 (4,562)Depreciation and amortization16,763 19,951 (3,188)50,120 60,756 (10,636)Other amortization1,590 1,370 220