Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 104

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 104
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 depreciation and amortization), amortization of developed technology, amortization of capitalized software and depreciation expense (allocated to cost of revenues). We calculate Adjusted Gross Profit as gross profit adjusted to exclude non-cash charges of depreciation and amortization allocated to cost of revenues. Adjusted Gross Profit should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income (loss) or profitability.

The following table presents a reconciliation of gross profit, the most directly comparable financial measure calculated in accordance with U.S. GAAP, to Adjusted Gross Profit.

 Three months ended June 30,ChangeSix months ended June 30,Change 20252024$20252024$ (in thousands)Revenue$148,015 $140,523 $7,492 $290,288 $278,375 $11,913 Cost of revenues (exclusive of depreciation and amortization)33,395 31,561 1,834 64,583 63,062 1,521 Amortization of developed technology1,967 2,709 (742)4,089 5,568 (1,479)Amortization of capitalized software2,463 2,294 169 4,859 4,695 164 Depreciation expense allocated to cost of revenues123 155 (32)257 362 (105)Gross profit from continuing operations110,067 103,804 6,263 216,500 204,688 11,812 Depreciation and amortization 4,553 5,158 (605)9,205 10,625 (1,420)Adjusted gross profit from continuing operations$114,620 $108,962 $5,658 $225,705 $215,313 $10,392 

Adjusted EBITDA

Adjusted EBITDA is calculated as net income (loss) adjusted to exclude interest and other expense, net, income tax expense (benefit), depreciation and amortization, other amortization, stock-based compensation, and transaction-related and other non-recurring or unusual costs. Other amortization includes amortization for capitalized contract acquisition costs. Transaction-related costs are specific deal-related costs such as legal fees, financial and tax due diligence, consulting and escrow fees. Other non-recurring or unusual costs are