Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 77

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 77
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 the three and six months ended June 30, 2024, the Company recognized losses of $0.2 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 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. During the three and six months ended June 30, 2024, we measured the assets and liabilities held for sale at fair value less cost to sell and recognized losses of $0.3 million and $2.9 million, respectively, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statements of operations and comprehensive loss. The loss during the three months ended June 30, 2024 was primarily due to an increase in our accrual of estimated costs to sell.

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 June 30,Six months ended June 30,2025202420252024(in thousands)By pattern of recognition (timing of transfer of services):Point in time$2,725 $2,854 $5,333 $5,982 Over time145,290 137,669 284,955 272,393 Total$148,015 $140,523 $290,288 $278,375 By geographical market:United States$132,478 $125,957 $259,608 $244,818 International15,537 14,566 30,680 33,557 Total$148,015 $140,523 $290,288 $278,375 

9

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Contract Balances Supplemental balance sheet information related to contracts from customers as of:June 30,December 31,20252024(in thousands)Accounts receivable, net$35,102 $31,090 Contract assets$15,595 $12,839 Deferred revenue$23,155 $22,107 Customer deposits$13,049