Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 115

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 115
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$100 $1 $318 $297 $21 Sales and marketing435 291 144 1,148 990 158 Product development693 458 235 1,806 1,503 303 General and administrative5,495 7,101 (1,606)18,279 16,817 1,462 Total stock-based compensation expense$6,724 $7,950 $(1,226)$21,551 $19,607 $1,944 

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Comparison of the three and nine months ended September 30, 2025 and 2024 (percentage of revenue)

The following table provides the key components of operating costs within our results of operations as a percentage of revenue for the three and nine months ended September 30, 2025 compared to the same period in 2024.

Three months ended September 30,ChangeNine months ended September 30,Change20252024%20252024%Total Revenues100.0%100.0%100%100%Operating expenses:Cost of revenues (exclusive of depreciation and amortization presented separately below)22.7 %21.9 %0.8 %22.4 %22.4 %— %Sales and marketing18.0 %20.4 %(2.4)%19.6 %20.3 %(0.7)%Product development 13.1 %13.7 %(0.6)%13.4 %13.8 %(0.4)%General and administrative24.0 %22.6 %1.4 %22.6 %22.9 %(0.3)%Depreciation and amortization11.4 %14.2 %(2.8)%11.4 %14.5 %(3.1)%Loss on held for sale and impairments— %— %— %— %2.8 %(2.8)%Total operating expenses89.2 %92.8 %(3.6)%89.5 %96.8 %(7.3)%

While revenue growth remains a key focus, we remain committed to continued expansion of gross margin, net income and Adjusted EBITDA through ongoing transformation initiatives. As a percentage of revenue, the combination of cost of revenue, sales and marketing, product development and general and administrative costs declined