Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 56

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 56
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2,970 $3,589 The Company ceased use of certain leased premises and subleased certain facilities resulting in impairment charges of $0.4 million during the six months ended June 30, 2024 to impair the right-of-use lease assets to their fair value, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statement of operations and comprehensive loss.Supplemental cash flow information related to leases is as follows:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Cash paid for operating lease liabilities$977 $1,358 $2,017 $2,479 Operating lease assets obtained in exchange for operating lease liabilities$135 $763 $334 $940 Supplemental balance sheet information, included in other non-current assets, accrued expenses and other and other non-current liabilities on the unaudited condensed consolidated balance sheets, related to leases is as follows:June 30,December 31,20252024(in thousands)Operating lease right-of-use assets$9,459 $10,464 Current operating lease liabilities3,485 3,084 Long-term operating lease liabilities11,632 13,212 Total operating lease liabilities$15,117 $16,296 At June 30, 2025 and December 31, 2024, the weighted average remaining lease term for operating leases was 4.65 years and 5.15 years, respectively, and the weighted average discount rate was 5.3% and 5.2%, respectively.

13

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of June 30, 2025 is as follows (in thousands):Year ended December 31, 2025 (remainder of year)$2,195 20264,133 20273,518 20282,792 20292,481 Thereafter2,254 Total lease payments17,373 Less: imputed interest2,256 Total present value of lease liabilities$15,117 

Note 11. Long-Term DebtLong-term debt consisted of the following as of:June 30,December 31,20252024(in thousands)Term note with interest payable monthly, interest rate at Adjusted SOFR