Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 118

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 118
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 was $57.7 million for the six months ended June 30, 2025, compared to $37.2 million for the six months ended June 30, 2024. Changes in net cash provided by operating activities resulted primarily from cash received from net sales within our subscription and transaction fees and marketing technology solutions. Other drivers of the changes in net cash provided by operating activities include payments for personnel expenses for our employees, costs related to delivering our services and products, partner commissions, advertising and interest on our long-term debt.

The increase in cash provided by operating activities for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 was primarily due to lower costs as a result of our transformation and optimization initiatives comprised of a reduction in general overhead expenses, including personnel expenses, to support our business of $8.2 million, lower costs directly related to the delivery of our services and products of $3.9 million, lower interest payments of $3.5 million, higher cash collections from our subscription and transaction fees, which includes revenues from payment processing, of approximately $3.4 million, lower taxes paid of $0.6 million, and higher interest income of $0.8 million.

Cash Flow from Investing Activities

During the six months ended June 30, 2025, net cash used in investing activities of $13.7 million related primarily to costs to develop software of $12.7 million and $1.0 million for purchases of property and equipment.

During the six months ended June 30, 2024, net cash used in investing activities of $8.5 million was related primarily to costs to develop software of $8.7 million and $1.0 million for purchases of property and equipment, partially offset by proceeds from the sale of North American Fitness, net of transaction costs, cash and restricted cash sold for approximately $1.2 million.

Cash Flow from Financing Activities

During the six months ended June 30, 2025, net cash used in financing activities of $29.6 million related primarily to the repurchase and retirement of shares of our common stock of $31.6 million. 

During the six months ended June 30, 2024, net cash used in financing activities of $34.2 million was related primarily to the repurchase and retirement of shares of our common stock of $36.0 million.

For additional information regarding our repurchase and retirement of shares of our common stock, refer to