Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 51

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 51
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11,762 9,065 Contract assets468 474 Prepaid expenses and other current assets1,826 1,883 Property and equipment, net517 529 Capitalized software, net2,749 2,071 Other non-current assets3,039 3,359 Intangible assets, net14,670 15,668 Goodwill16,288 23,152 Total assets51,719 56,201 Valuation allowance(8)— Assets held for sale$51,711 $56,201 Liabilities:Accounts payable$551 $1,442 Accrued expenses and other7,113 7,659 Deferred revenue3,168 3,009 Customer deposits71 2,188 Other long-term liabilities379 973 Liabilities held for sale11,282 15,271 Assets held for sale, net$40,429 $40,930 The amount identified as valuation allowance in the above table is the amount necessary to reduce the carrying value of the marketing technology disposal group to estimated fair value less cost to sell as required by applicable accounting standards for discontinued operations measurement.The following table presents the significant non-cash items related to discontinued operations that are included in the accompanying statements of cash flows:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization$— $2,040 $1,191 $6,124 Share-based compensation113 204 495 577 (Gain) loss on assets held for sale and impairments(2,146)— 6,875 (11)

Note 4. Acquisitions and DispositionsZyraTalk AcquisitionOn September 15, 2025, the Company acquired 100% of the interest of Joblyt LLC, dba ZyraTalk (“ZyraTalk”), an AI-powered customer engagement solution that combines virtual assistant capabilities with agentic automation platform, for approximately $36.1 million in cash, not inclusive of an additional $6.5 million of contingent consideration to be paid over the next three years related to post-combination employment services. The acquisition helps to establish EverCommerce as an AI-driven innovator, beginning with near-term application in its Home and Field Services vertical, EverPro, and the Company plans to extend ZyraTalk into broader