Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 39

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 39
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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

EverCommerce Inc.

Condensed Consolidated Balance Sheets

(in thousands, except per share and share amounts)

(unaudited)

June 30,December 31,20252024AssetsCurrent assets:Cash and cash equivalents$151,060 $135,782 Accounts receivable, net of allowance for expected credit losses of $2.7 million and $2.3 million at June 30, 2025 and December 31, 2024, respectively35,102 31,090 Contract assets15,595 12,839 Assets held for sale48,336 11,422 Prepaid expenses and other current assets29,180 27,181 Total current assets279,273 218,314 Property and equipment, net5,790 6,129 Capitalized software, net48,180 41,595 Other non-current assets34,513 36,127 Non-current assets held for sale— 44,779 Intangible assets, net184,044 211,172 Goodwill867,205 863,152 Total assets1,419,005 1,421,268 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$4,948 $6,599 Accrued expenses and other58,551 50,840 Deferred revenue23,155 22,107 Customer deposits13,049 11,382 Current maturities of long-term debt5,500 5,500 Liabilities held for sale12,718 14,298 Total current liabilities117,921 110,726 Long-term debt, net of current maturities and deferred financing costs520,294 522,442 Other non-current liabilities36,812 36,301 Non-current liabilities held for sale— 973 Total liabilities675,027 670,442 Commitments and contingencies (Note 17)Stockholders’ equity:Preferred stock, $0.00001 par value, 50,000,000 shares authorized and no shares issued or outstanding as of June 30, 2025 and December 31, 2024— — Common stock, $0.00001 par value, 2,000,000,000 shares authorized and 182,188,973 and 183,725,236 shares issued and outstanding at June 30, 2025 and