Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 59

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 59
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EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Supplemental balance sheet information, included in other non-current assets, accrued expenses and other and other non-current liabilities on the unaudited condensed consolidated balance sheets, related to leases is as follows:September 30,December 31,20252024(in thousands)Operating lease right-of-use assets$9,055 $10,464 Current operating lease liabilities3,839 3,084 Long-term operating lease liabilities10,880 13,212 Total operating lease liabilities$14,719 $16,296 At September 30, 2025 and December 31, 2024, the weighted average remaining lease term for operating leases was 4.32 years and 5.15 years, respectively, and the weighted average discount rate was 5.2%.Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of September 30, 2025 is as follows (in thousands):Year ended December 31, 2025 (remainder of year)$1,189 20264,451 20273,563 20282,792 20292,481 Thereafter2,254 Total lease payments16,730 Less: imputed interest2,011 Total present value of lease liabilities$14,719 

Note 11. Long-Term DebtLong-term debt consisted of the following as of:September 30,December 31,20252024(in thousands)Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.25% (6.41340% at September 30, 2025) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2031 $528,000 $532,125 Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.00% (6.12920% at September 30, 2025), and outstanding balance due July 2030— — Principal debt528,000 532,125 Deferred financing costs on long-term debt(2,564)(3,069)Discount on long-term debt(825)(1,114)Total debt524,611 527,942 Less current maturities5,500 5,500 Long-term portion