Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 55

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 55
---
,790)Property and equipment, net$5,790 $6,129 

Depreciation expense was $0.6 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively, and $1.3 million and $1.8 million for the six months ended June 30, 2025 and 2024, respectively.  

Note 9. Capitalized SoftwareCapitalized software consisted of the following as of:June 30,December 31,20252024(in thousands)Capitalized software$79,546 $68,057 Less: accumulated amortization(31,366)(26,462)Capitalized software, net$48,180 $41,595 Amortization expense was $2.5 million and $2.3 million for the three months ended June 30, 2025 and 2024, respectively, and $4.9 million and $4.7 million for the six months ended June 30, 2025 and 2024, respectively. During the ordinary course of business, the Company may determine that certain capitalized features of its software will no longer be used either internally or to deliver value to its customers. The Company recorded a charge of $0.4 million for both the three months ended June 30, 2025 and 2024, and $0.8 million and $0.4 million for the six months ended June 30, 2025 and 2024, respectively, related to capitalized costs associated with abandoned projects, which are included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive loss.

12

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Note 10. LeasesThe Company leases real estate from unrelated parties under operating lease agreements that have initial terms ranging from one year to 9 years. Some leases include one or more options to renew, generally at our sole discretion, of five additional years each. The components of lease expense are as follows:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Operating lease cost$827 $900 $1,681 $2,069 Variable lease cost621 828 1,127 1,276 Short-term lease cost85 138 162 244 Total lease cost$1,533 $1,866 $