Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 84

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 84
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 Company expects to recognize approximately 62% of its remaining performance obligations as revenue within the next year, 30% of its remaining performance obligations as revenue the subsequent year, 6% of its remaining performance obligations as revenue in the third year, and the remainder during the two-year period thereafter.Cost to Obtain and Fulfill a Contract

Assets resulting from costs to obtain contracts are included within prepaid expenses and other current assets for short-term balances and other non-current assets for long-term balances on the Company’s unaudited condensed consolidated balance sheets. The costs to obtain contracts are amortized over five years, which corresponds with the useful life of the related technology. Short-term assets were $9.9 million and $8.9 million at September 30, 2025 and December 31, 2024, respectively, and long-term assets were $16.1 million and $16.0 million at September 30, 2025 and December 31, 2024, respectively. The Company recorded amortization expense within sales and marketing on the unaudited condensed consolidated statements of operations and comprehensive loss of $1.5 million and $1.3 million for the three months ended September 30, 2025 and 2024, respectively, and $4.4 million and $3.9 million for the nine months ended September 30, 2025 and 2024, respectively. The Company recorded amortization expense within cost of revenues on the unaudited condensed consolidated statements of operations and comprehensive loss of $1.0 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively, and $2.8 million and $2.2 million for the nine months ended September 30, 2025 and 2024, respectively. 

Note 6. GoodwillGoodwill activity consisted of the following for the nine months ended September 30, 2025 (in thousands):Balance at December 31, 2024$863,152 Acquired goodwill29,118 Effect of foreign currency exchange rate changes1,700 Balance at September 30, 2025$893,970 Accumulated impairment losses at September 30, 2025$(41,332)Goodwill totaling $16.3 million relating to marketing technology solutions was reclassified to assets held for sale as of September 30, 2025. The marketing technology solutions goodwill amount was included in the determination of the impairment charge recorded