Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 49

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 49
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1,423 936 2,509 1,830 General and administrative2,436 2,942 4,719 5,091 Depreciation and amortization— 2,037 1,191 4,084 (Gain) loss on held for sale and impairments(412)— 9,021 (11)Total operating expenses32,137 37,694 69,493 70,269 Operating income (loss)2,399 (824)(6,325)(1,138)Other income, net— — 3 — Net income (loss) before income tax benefit2,399 (824)(6,322)(1,138)Income tax (expense) benefit(7)— 67 — Income (loss) from discontinued operations, net of income tax$2,392 $(824)$(6,255)$(1,138)The components of assets and liabilities classified as held for sale on our condensed consolidated balance sheets were as follows:June 30,December 31,20252024(in thousands)Assets:Accounts receivable, net11,121 9,065 Contract assets467 474 Prepaid expenses and other current assets1,711 1,883 Property and equipment, net515 529 Capitalized software, net2,451 2,071 Other non-current assets3,268 3,359 Intangible assets, net14,670 15,668 Goodwill16,288 23,152 Total assets50,491 56,201 Valuation allowance(2,155)— Assets held for sale$48,336 $56,201 Liabilities:Accounts payable$497 $1,442 Accrued expenses and other7,532 7,659 Deferred revenue4,089 3,009 Customer deposits21 2,188 Other long-term liabilities579 973 Liabilities held for sale12,718 15,271 Assets held for sale, net$35,618 $40,930 The amount identified as valuation allowance in the above table is the amount necessary to reduce the carrying value of the marketing technology disposal group to estimated fair value less cost to sell as required by applicable accounting standards for discontinued operations measurement.

8

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

The following table presents the significant non-cash items related to discontinued