Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 109

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 109
---
 reflective of the underlying growth in our business as a result of new customers and providing more solutions to existing customers.

Non-GAAP Financial Measures

Adjusted Gross Profit

Gross profit is calculated as total revenue less cost of revenue (exclusive of depreciation and amortization), amortization of developed technology, amortization of capitalized software and depreciation expense (allocated to cost of revenues). We calculate Adjusted Gross Profit as gross profit adjusted to exclude non-cash charges of depreciation and amortization allocated to cost of revenues. Adjusted Gross Profit should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income (loss) or profitability.

The following table presents a reconciliation of gross profit, the most directly comparable financial measure calculated in accordance with U.S. GAAP, to Adjusted Gross Profit.

 Three months ended September 30,ChangeNine months ended September 30,Change 20252024$20252024$ (in thousands)Revenue$147,466 $140,106 $7,360 $437,754 $418,481 $19,273 Cost of revenues (exclusive of depreciation and amortization)33,475 30,625 2,850 98,058 93,687 4,371 Amortization of developed technology1,816 2,644 (828)5,905 8,212 (2,307)Amortization of capitalized software2,909 2,463 446 7,768 7,158 610 Depreciation expense allocated to cost of revenues121 140 (19)378 502 (124)Gross profit from continuing operations109,145 104,234 4,911 325,645 308,922 16,723 Depreciation and amortization 4,846 5,247 (401)14,051 15,872 (1,821)Adjusted gross profit from continuing operations$113,991 $109,481 $4,510 $339,696 $324,794 $14,902 

Adjusted EBITDA

Adjusted EBITDA is calculated as net income (loss) adjusted to exclude interest and other expense, net, income tax expense (benefit), depreciation and amortization, other amortization, stock-based compensation, and transaction-related and other non-recurring or unusual