Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 86

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 86
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Amortization expense was $13.2 million and $16.8 million for the three months ended September 30, 2025 and 2024, respectively, and $40.4 million and $51.1 million for the nine months ended September 30, 2025 and 2024, respectively.

Note 8. Property and EquipmentProperty and equipment consisted of the following as of:September 30,December 31,20252024(in thousands)Computer equipment and software$11,689 $9,873 Furniture and fixtures3,071 3,058 Leasehold improvements9,988 9,988 Total property and equipment24,748 22,919 Less accumulated depreciation(18,662)(16,790)Property and equipment, net$6,086 $6,129 Depreciation expense was $0.6 million and $0.7 million for the three months ended September 30, 2025 and 2024, respectively, and $1.9 million and $2.5 million for the nine months ended September 30, 2025 and 2024, respectively.

13

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Note 9. Capitalized SoftwareCapitalized software consisted of the following as of:September 30,December 31,20252024(in thousands)Capitalized software$87,188 $68,057 Less: accumulated amortization(34,275)(26,462)Capitalized software, net$52,913 $41,595 Amortization expense was $2.9 million and $2.5 million for the three months ended September 30, 2025 and 2024, respectively, and $7.8 million and $7.2 million for the nine months ended September 30, 2025 and 2024, respectively. During the ordinary course of business, the Company may determine that certain capitalized features of its software will no longer be used either internally or to deliver value to its customers. The Company recorded a charge of $0.3 million and $0.2 million for the three months ended September 30, 2025 and 2024, and $1.1 million and $0.6 million for the nine months ended September 30, 2025 and 2024, respectively, related to capitalized costs associated with abandoned projects, which are included in general and administrative expense