Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 16

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 16
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,871 

Sales and marketing expenses increased by $1.7 million, or 5.7%, and $2.9 million, or 5.1%, for the three and six months ended June 30, 2025, respectively, as compared to the same periods in 2024. The increase for the three-month period was driven primarily by an additional $1.6 million in personnel and compensation expenses, $0.6 million in consulting and outsourced services, and $0.3 million in advertising expense, partially offset by a $0.5 million decrease in volume from third-party channels, and a $0.3 million decrease in software and tools. The increase for the six-month period was driven primarily by an additional $1.9 million in personnel and compensation expenses, $0.8 million in advertising expense, and $0.7 million in consulting and outsourced services, partially offset by a $0.5 million decrease in volume from third-party channels, and a $0.3 million decrease in software and tools.

Product Development

 Three months ended June 30,ChangeSix months ended June 30,Change20252024$20252024$ (dollars in thousands)Product development$19,497$19,228$269 $39,460$38,534$926 

Product development expenses increased by $0.3 million, or 1.4%, and $0.9 million, or 2.4%, for the three and six months ended June 30, 2025, respectively, as compared to the same periods in 2024. Product developments expenses were relatively consistent in the three-month period as compared to the prior year period and declined as a percentage of revenue by 50 basis points. The increase in the six-month period was driven primarily by an additional $2.5 million in outsourced services and $0.3 million in software and tools, partially offset by a $1.8 million reduction in personnel and compensation expenses.

General and Administrative

 Three months ended June 30,ChangeSix months ended June 30,Change 20242023$20252024$ (dollars in thousands)General and administrative$32,121$32,712$(591)$63,402$64,353$(951)

General and administrative expenses decreased by $0.6 million, or 1.8%, and $1.0 million, or 1.5%, for