Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 54

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 54
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 International18,060 13,619 48,740 47,176 Total$147,466 $140,106 $437,754 $418,481 Contract Balances Supplemental balance sheet information related to contracts from customers as of:September 30,December 31,20252024(in thousands)Accounts receivable, net$36,753 $31,090 Contract assets$12,793 $12,839 Deferred revenue$22,986 $22,107 Customer deposits$14,356 $11,382 Long-term deferred revenue$316 $512 Accounts receivable, net: Accounts receivable, net of allowance for expected credit losses, represent rights to consideration in exchange for products or services that have been transferred by us, when payment is unconditional and only the passage of time is required before payment is due. Contract assets: Contract assets represent rights to consideration in exchange for products or services that have been transferred (i.e., the performance obligation or portion of the performance obligation has been satisfied), but payment is conditional on something other than the passage of time. These amounts typically relate to contracts with the suppliers within our group purchasing programs for which payment is received at least one quarter in arrears from the service period. They also relate to contracts that include on-premise licenses and professional services where the right to payment is not present until completion of the contract or achievement of specified milestones and the fair value of products or services transferred exceed this constraint.Contract liabilities: Contract liabilities, or deferred revenue, represent our obligation to transfer products or services to a customer for which consideration has been received in advance of the satisfaction of performance obligations. Long-term deferred revenue is included within other non-current liabilities on the unaudited condensed consolidated balance sheets. Revenue recognized from the contract liability balance at December 31, 2024 was $20.8 million for the nine months ended September 30, 2025. Customer deposits: Customer deposits relate to payments received in advance for contracts, which allow the customer to terminate a contract and receive a pro rata refund for the unused portion of payments received to date.

11

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Accounts ReceivableActivity in our allowance for expected credit losses is as follows as of:September 30,20252024(in thousands)Allowance for expected credit losses, beginning of year$2,283 $3,328 Bad debt expense2,442 1,551