Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 53

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 53
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, 2025 and December 31, 2024, respectively, and long-term assets were $15.5 million and $16.0 million at June 30, 2025 and December 31, 2024, respectively. The Company recorded amortization expense within sales and marketing on the unaudited condensed consolidated statements of operations and comprehensive loss of $1.5 million and $1.3 million for the three months ended June 30, 2025 and 2024, respectively, and $2.9 million and $2.6 million for the six months ended June 30, 2025 and 2024, respectively. The Company recorded amortization expense within cost of revenues on the unaudited condensed consolidated statements of operations and comprehensive loss of $0.9 million and $0.7 million for the three months ended June 30, 2025 and 2024, respectively, and $1.8 million and $1.4 million for the six months ended June 30, 2025 and 2024, respectively. 

Note 6. GoodwillGoodwill activity consisted of the following for the six months ended June 30, 2025 (in thousands):Balance at December 31, 2024$863,152 Effect of foreign currency exchange rate changes4,053 Balance at June 30, 2025$867,205 Accumulated impairment losses at June 30, 2025$(41,332)Goodwill totaling $16.3 million relating to marketing technology solutions was reclassified to assets held for sale as of June 30, 2025. The marketing technology solutions goodwill amount was included in the determination of the impairment charge recorded during the three and six months ended June 30, 2025 to adjust the carrying amount of the disposal group’s assets to its estimated fair value less selling costs, which is included in accumulated impairment losses. Refer to Note 3. Discontinued Operations for additional information.During the fourth quarter of 2024, in conjunction with our review of strategic alternatives for our marketing technology solutions, the Company evaluated the recoverability of our marketing technology reporting unit and determined that the estimated fair value was insufficient to recover the net carrying value of the reporting unit resulting in an impairment charge of approximately $28.1 million during the year ended December 31, 2024, which is included in accumulated impairment losses.In connection with the definitive sale and purchase agreements to sell our fitness solutions, we tested