Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 32

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1A
Chunk 32
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 and trajectory include:

•our ability to increase sales to existing customers and to renew agreements with our existing customers at comparable prices;

•our ability to attract new customers with greater needs for our services;

•changes in our pricing policies or those of our competitors, or pricing pressure on our software and related services;

•periodic fluctuations in demand for our software and services and volatility in the sales of our solutions and services;

•the success or failure of our acquisition or divestiture strategy;

•our ability to timely develop and implement new solutions and services, as well as improve and enhance existing solutions and services, in a manner that meets customer requirements;

•our ability to hire, train and retain key personnel;

I-13

•any significant changes in the competitive dynamics of our market, including new entrants or substantial discounting of products or services;

•our ability to control costs, including our operating expenses;

•any significant change in our facilities-related costs;

•the timing of hiring personnel and of large expenses such as those for third-party professional services;

•technological developments, including new uses for generative AI;

•general economic conditions;

•our ability to appropriately resolve any disputes relating to our intellectual property; and

•the impact of a recession, pandemic or any other adverse global economic conditions on our business.

We have in the past experienced, and we may experience in the future, significant variations in our level of sales. Such variations in our sales have led and may lead to significant fluctuations in our cash flows, revenue and deferred revenue on a quarterly and annual basis. Failure to achieve our quarterly goals will decrease our value and, accordingly, the value of our securities.

In order to support the growth of our business and our acquisition strategy, we may need to incur additional indebtedness or seek capital through new equity or debt financings, which sources of additional capital may not be available to us on acceptable terms or at all and may result in substantial dilution to our stockholders.

Our operations have consumed substantial amounts of cash since inception and we intend to continue to make significant investments to support our business growth, acquire complementary businesses and technologies, respond to business challenges or opportunities, develop new solutions and services and enhance our existing solutions and services and operating infrastructure. Our net cash provided by operating activities was $113.2 million in 2024 and $104.6 million in 2023. We had cash and cash equivalents of $135.8 million and no restricted cash as of December 31, 2024. 

Our future capital requirements may