Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 53

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 53
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 Intangible-definite lived6,870 Goodwill29,118 Accrued expenses and other(45)Deferred revenue(134)Total net assets acquired$36,053 Fitness Solutions DispositionOn March 13, 2024, the Company entered into definitive sale and purchase agreements to sell its fitness solutions to Jonas Fitness Portfolio Holdco Inc. (“Jonas Software”). The sale of American Service Finance LLC., ASF Payment Solutions ULC and Technique Fitness Inc. (collectively, “North American Fitness”), closed simultaneously with signing. The sale of EverCommerce UK, including wholly-owned subsidiaries Fitii UK (MyPTHub and MyPTHub LLC) and ClubWise UK and its wholly-owned subsidiary ClubWise Australia (collectively, “UK Fitness” and together with North American Fitness, “Fitness Solutions”), closed July 1, 2024. The divestiture did not qualify for discontinued operations. As a result, our unaudited condensed consolidated financial statements include the results of North American Fitness and UK Fitness for all periods through the applicable date of sale. During the three and nine months ended September 30, 2024, the Company recognized losses of $0.1 million and $5.0 million, respectively, related to the sale of Fitness Solutions, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statements of operations and comprehensive loss. Additionally, the Company recognized a $6.4 million goodwill impairment charge representing 

10

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

the allocated goodwill to Fitness Solutions, which is included in loss on held for sale and impairments on the unaudited condensed consolidated statements of operations and comprehensive loss. 

Note 5. RevenueDisaggregation of RevenueThe following tables present a disaggregation of our revenue from contracts with customers by revenue recognition pattern and geographical market:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)By pattern of recognition (timing of transfer of services):Point in time$3,356 $2,533 $8,689 $8,515 Over time144,110 137,573 429,065 409,966 Total$147,466 $140,106 $437,754 $418,481 By geographical market:United States$129,406 $126,487 $389,014 $371,305