Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 136

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 136
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 internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2020. 

Denver, Colorado

March 13, 2025

II-23

EverCommerce Inc.

Consolidated Balance Sheets

(in thousands, except per share and share amounts)December 31,20242023AssetsCurrent assets:Cash and cash equivalents$135,782 $92,609 Restricted cash— 3,570 Accounts receivable, net of allowance for expected credit losses of $5.5 million and $6.2 million at December 31, 2024 and 2023, respectively40,155 45,417 Contract assets13,313 16,117 Prepaid expenses and other current assets29,064 22,434 Total current assets218,314 180,147 Property and equipment, net6,658 9,734 Capitalized software, net43,666 42,511 Other non-current assets39,486 42,722 Intangible assets, net226,840 315,519 Goodwill886,304 927,431 Total assets$1,421,268 $1,518,064 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$8,041 $8,638 Accrued expenses and other58,499 66,265 Deferred revenue25,116 24,082 Customer deposits13,570 12,891 Current maturities of long-term debt5,500 5,500 Total current liabilities110,726 117,376 Long-term debt, net of current maturities and deferred financing costs522,442 526,696 Other non-current liabilities37,274 47