Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 75

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 75
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 estimated fair value less cost to sell and recognized a gain of $0.4 million and a loss of $2.2 million, respectively, and a goodwill impairment charge of $6.9 million during the six months ended June 30, 2025, which are included in (gain) loss on held for sale and impairments within discontinued operations on our unaudited condensed consolidated statements of operations and comprehensive loss.

7

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

The following table summarizes the results of operations of marketing technology solutions reported as discontinued operations:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Total revenues$34,536 $36,870 $63,168 $69,131 Operating expenses:Cost of revenues (exclusive of depreciation and amortization presented separately below)26,107 29,786 46,768 55,078 Sales and marketing2,583 1,993 5,285 4,197 Product development1,423 936 2,509 1,830 General and administrative2,436 2,942 4,719 5,091 Depreciation and amortization— 2,037 1,191 4,084 (Gain) loss on held for sale and impairments(412)— 9,021 (11)Total operating expenses32,137 37,694 69,493 70,269 Operating income (loss)2,399 (824)(6,325)(1,138)Other income, net— — 3 — Net income (loss) before income tax benefit2,399 (824)(6,322)(1,138)Income tax (expense) benefit(7)— 67 — Income (loss) from discontinued operations, net of income tax$2,392 $(824)$(6,255)$(1,138)The components of assets and liabilities classified as held for sale on our condensed consolidated balance sheets were as follows:June 30,December 31,20252024(in thousands)Assets:Accounts receivable, net11,121 9,065 Contract assets467 474 Prepaid expenses and other current assets1,711 1,883 Property and equipment, net515 529 Capitalized software, net2,451 2,071 Other non-current assets3,