Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 43

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 43
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uance of common stock for Employee Stock Purchase Plan215 — 1,755 — — 1,755 Common stock issued upon vesting of restricted stock units470 — — — — — Stock-based compensation— — 6,454 — — 6,454 Stock option exercises233 — 1,767 — — 1,767 Repurchase and retirement of common stock, including taxes(2,498)— (24,136)— — (24,136)Foreign currency translation gain, net— — — — 942 942 Net loss— — — (3,376)— (3,376)Balance at June 30, 2024184,581 $2 $1,434,375 $(639,675)$(10,610)$784,092 

The accompanying notes are an integral part of these condensed consolidated financial statements.4

EverCommerce Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)Six months ended June 30,20252024Cash flows provided by operating activities:Net income (loss)$440 $(19,700)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization34,549 44,889 Stock-based compensation expense15,210 12,030 Deferred taxes136 5,609 Amortization of deferred financing costs and non-cash interest806 818 Loss on held for sale and impairments9,106 11,690 Bad debt expense2,365 2,283 Loss (gain) on interest rate swap valuation adjustments6,007 (5,848)Other non-cash items(58)694 Changes in operating assets and liabilities:Accounts receivable, net(8,065)(10,040)Prepaid expenses and other current assets(4,634)(2,731)Other non-current assets(552)(46)Accounts payable(2,702)2,721 Accrued expenses and other6,896 (7,360)Deferred revenue2,007 3,372 Other non-current liabilities(3,852)(1,165)Net cash provided by operating activities57,659 37,216 Cash flows used in investing activities:Purchases of property and equipment(992)(1,036)Capitalization of software costs