Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 44

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 44
---
(12,668)(8,718)Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash(85)1,228 Net cash used in investing activities(13,745)(8,526)Cash flows used in financing activities:Payments on long-term debt(2,750)(2,750)Exercise of stock options, net6,212 2,839 Proceeds from common stock issuance for Employee Stock Purchase Plan1,562 1,755 Employee taxes paid for RSU withholdings(2,997)— Repurchase and retirement of common stock(31,603)(36,034)Net cash used in financing activities(29,576)(34,190)Effect of foreign currency exchange rate changes on cash940 (638)Net increase (decrease) in cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale15,278 (6,138)Cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale:Beginning of period135,782 96,179 End of period$151,060 $90,041 Supplemental disclosures of cash flow information:Cash paid for interest$18,244 $23,048 Cash paid for income taxes$2,561 $3,199 

The accompanying notes are an integral part of these condensed consolidated financial statements.5

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Note 1. Nature of the BusinessEverCommerce Inc. and subsidiaries (the “Company” or “EverCommerce”) is a leading provider of integrated software-as-a-service (“SaaS”) solutions or services for service-based small and medium-sized businesses (“service SMBs”). Our platforms span across the full lifecycle of interactions between consumers and service professionals with vertical-specific applications. As of December 31, 2024, the Company served more than 740,000 customers primarily across three core verticals: EverPro for Home Services; EverHealth for Health Services; and EverWell for Wellness Services. Excluding the customers associated with our marketing technology solutions, the Company served more than 725,000 customers (see Note 3. Discontinued Operations). Within the core verticals, customers operate within numerous micro-verticals, ranging from home service professionals, such as construction contractors and home maintenance technicians, to physician practices and therapists in the Health Services industry, to salon owners in the Wellness sector. The platform provides vertically-t