Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 17

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 17
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 the three and six months ended June 30, 2025, respectively, as compared to the same periods in 2024. General and administrative expenses were relatively consistent in the three-month period as compared to the prior year period and declined as a percentage of revenue by 160 basis points. The 

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decrease for the six-month period was driven primarily by an additional $3.8 million in capitalized services due to system enhancement projects, a $3.0 million decrease in personnel and compensation expense, and a $0.8 million decrease in facility expense. These decreases were partially offset by an additional $3.1 million in stock-based compensation expense, $1.4 million in outsourced services, $1.4 million in professional fees, $0.5 million in software and tools, and $0.2 million in bad debt expense.

Depreciation and Amortization

 Three months ended June 30,ChangeSix months ended June 30,Change 20252024$20252024$ (dollars in thousands)Depreciation and amortization$16,589$19,901$(3,312)$33,357$40,805$(7,448)

Depreciation and amortization expenses decreased by $3.3 million, or 16.6%, and $7.4 million, or 18.3%, for the three and six months ended June 30, 2025, respectively, as compared to the same periods in 2024. The decrease for the three and six-month periods were driven by $3.3 million and $7.1 million in lower intangible assets’ amortization, respectively, due to the reduced rate of replacement assets resulting from a reduction in the number of business acquisitions compared to prior periods.

Loss on Held for Sale and Impairments

 Three months ended June 30,ChangeSix months ended June 30,Change 20252024$20252024$ (dollars in thousands)Loss on held for sale and impairments$—$459$(459)$85$11,691$(11,606)

During the six months ended June 30, 2025, we recorded a $0.1 million working capital adjustment related to the disposal of Fitness Solutions. In March 2024, we entered into definitive sale and purchase agreements to sell our Fitness Solutions (see Note 4. Fitness Solutions Disposition in this Quarterly Report on Form 10-Q). The North American Fitness transaction resulted in