Company: EVCM
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001853145-25-000017
Chunk: 37

Company: EverCommerce Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 37
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16,324)Balance at March 31, 2024186,161 $2 $1,448,535 $(636,299)$(11,552)$800,686 

The accompanying notes are an integral part of these condensed consolidated financial statements.3

EverCommerce Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Three months ended March 31,20252024Cash flows provided by operating activities:Net loss$(7,713)$(16,324)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization17,959 22,951 Stock-based compensation expense6,940 5,576 Deferred taxes(335)5,316 Amortization of deferred financing costs and non-cash interest396 410 Loss on held for sale and impairments9,518 11,231 Bad debt expense832 1,010 Loss (gain) on interest rate swap valuation adjustments3,856 (4,824)Other non-cash items1,270 216 Changes in operating assets and liabilities:Accounts receivable, net(3,123)(4,485)Prepaid expenses and other current assets(1,621)(3,087)Other non-current assets(340)93 Accounts payable455 (233)Accrued expenses and other3,973 (6,094)Deferred revenue1,616 2,401 Other non-current liabilities(3,005)(860)Net cash provided by operating activities30,678 13,297 Cash flows used in investing activities:Purchases of property and equipment(493)(402)Capitalization of software costs(5,065)(4,432)Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash(85)1,228 Net cash used in investing activities(5,643)(3,606)Cash flows used in financing activities:Payments on long-term debt(1,375)(1,375)Exercise of stock options1,385 1,072 Employee taxes paid for RSU withholdings(1,182)— Repurchase and retirement of common stock(11,095)(12,068)Net cash used in financing activities(12,267)(12,371)Effect of foreign currency exchange rate changes on cash(142)(593)Net increase (decrease) in cash, cash equivalents and restricted cash, including cash and restricted