Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 18

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 18
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 a loss on disposal of $0.2 million and $5.0 million during the three and six months ended June 30, 2024, respectively, and a goodwill impairment charge of $3.4 million representing allocated goodwill during the three months ended March 31, 2024. Additionally, we recognized a loss on held for sale of $0.3 million and $2.9 million during the three and six months ended June 30, 2024, respectively, which represents the measurement of the UK Fitness disposal group at fair value less costs to sell. The six months ended June 30, 2024 included right-of-use lease asset impairments charges of $0.4 million.

Interest and Other Expense, net

 Three months ended June 30,ChangeSix months ended June 30,Change 20252024$20252024$ (dollars in thousands)Interest and other expense, net$8,798$9,552$(754)$21,557$15,343$6,214 

Interest and other expense, net, decreased by $0.8 million, or 7.9%, and increased $6.2 million, or 40.5%, for the three and six months ended June 30, 2025, respectively, as compared to the same periods in 2024, with the changes primarily driven by volatility of interest rates and foreign currency. The decrease for the three-month period was driven primarily by a $1.8 million unrealized foreign currency gain, a $3.6 million decrease in interest expense, and a $0.4 million increase in interest income. The decreases were partially offset by an unrealized loss of $2.1 million on interest rate swaps recorded during the three months ended June 30, 2025 as compared to an unrealized gain of $1.0 million in the comparative period. The increase for the six-month period was driven primarily by an unrealized loss of $6.0 million on interest rate swaps recorded during the six months ended June 30, 2025 as compared to an unrealized gain of $5.8 million in the comparative period. The increase was partially offset by a $3.6 million decrease in interest expense, a $1.2 million unrealized foreign currency gain, and a $0.8 million increase in interest income. The decline in interest expense in the three and six-month periods is a result of lower variable base interest rates