Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 39

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 39
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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

EverCommerce Inc.

Condensed Consolidated Balance Sheets

(in thousands, except per share and share amounts)

(unaudited)

September 30,December 31,20252024AssetsCurrent assets:Cash and cash equivalents$106,899 $135,782 Accounts receivable, net of allowance for expected credit losses of $3.3 million and $2.3 million at September 30, 2025 and December 31, 2024, respectively36,753 31,090 Contract assets12,793 12,839 Assets held for sale51,711 11,422 Prepaid expenses and other current assets28,013 27,181 Total current assets236,169 218,314 Property and equipment, net6,086 6,129 Capitalized software, net52,913 41,595 Other non-current assets36,330 36,127 Non-current assets held for sale— 44,779 Intangible assets, net177,668 211,172 Goodwill893,970 863,152 Total assets1,403,136 1,421,268 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$7,256 $6,599 Accrued expenses and other55,509 50,840 Deferred revenue22,986 22,107 Customer deposits14,356 11,382 Current maturities of long-term debt5,500 5,500 Liabilities held for sale11,282 14,298 Total current liabilities116,889 110,726 Long-term debt, net of current maturities and deferred financing costs519,111 522,442 Other non-current liabilities38,592 36,301 Non-current liabilities held for sale— 973 Total liabilities674,592 670,442 Commitments and contingencies (Note 17)Stockholders’ equity:Preferred stock, $0.00001 par value, 50,000,000 shares authorized and no shares issued or outstanding as of September 30, 2025 and December 31, 2024— — Common stock, $0.00001 par value, 2,000,000,000 shares authorized and 180,040,377 and 183,725,236 shares issued and outstanding at September 30, 2025 and