Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 58

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 58
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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 on the unaudited condensed consolidated statements of operations and comprehensive loss.

Note 10. LeasesThe Company leases real estate from unrelated parties under operating lease agreements that have initial terms ranging from one year to 9 years. Some leases include one or more options to renew, generally at our sole discretion, of five additional years each. The components of lease expense are as follows:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Operating lease cost$889 $882 $2,570 $2,951 Variable lease cost495 573 1,622 1,849 Short-term lease cost90 84 252 328 Total lease cost$1,474 $1,539 $4,444 $5,128 The Company ceased use of certain leased premises and subleased certain facilities resulting in impairment charges of $0.4 million during the nine months ended September 30, 2024 to impair the right-of-use lease assets to their fair value, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statement of operations and comprehensive loss.Supplemental cash flow information related to leases is as follows:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)Cash paid for operating lease liabilities$1,047 $1,067 $3,064 $3,546 Operating lease assets obtained in exchange for operating lease liabilities$— $— $334 $940 

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