Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 57

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 57
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ed technology5-12 years95,334 82,011 13,323 Trade name3-10 years34,659 27,134 7,525 Non-compete agreements5 years1,908 1,903 5 Total$647,711 $470,043 $177,668 December 31, 2024UsefulLifeGross CarryingValueAccumulatedAmortizationNet BookValue(in thousands)Customer relationships5-20 years$511,374 $327,038 $184,336 Developed technology5-12 years93,855 76,430 17,425 Trade name3-10 years33,881 24,477 9,404 Non-compete agreements5 years1,936 1,929 7 Total$641,046 $429,874 $211,172 Amortization expense was $13.2 million and $16.8 million for the three months ended September 30, 2025 and 2024, respectively, and $40.4 million and $51.1 million for the nine months ended September 30, 2025 and 2024, respectively.

Note 8. Property and EquipmentProperty and equipment consisted of the following as of:September 30,December 31,20252024(in thousands)Computer equipment and software$11,689 $9,873 Furniture and fixtures3,071 3,058 Leasehold improvements9,988 9,988 Total property and equipment24,748 22,919 Less accumulated depreciation(18,662)(16,790)Property and equipment, net$6,086 $6,129 Depreciation expense was $0.6 million and $0.7 million for the three months ended September 30, 2025 and 2024, respectively, and $1.9 million and $2.5 million for the nine months ended September 30, 2025 and 2024, respectively.

13

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Note 9. Capitalized SoftwareCapitalized software consisted of the following as of:September 30,December 31,20252024(in thousands)Capitalized software$87,188 $68,057 Less: accumulated amortization(34,275)(26,462)Capitalized software, net$52,913 $