Company: EVCM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001853145-25-000047
Chunk: 82

Company: EverCommerce Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 82
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 discontinued operations. As a result, our unaudited condensed consolidated financial statements include the results of North American Fitness and UK Fitness for all periods through the applicable date of sale. During the three and nine months ended September 30, 2024, the Company recognized losses of $0.1 million and $5.0 million, respectively, related to the sale of Fitness Solutions, which are included in loss on held for sale and impairments on our unaudited condensed consolidated statements of operations and comprehensive loss. Additionally, the Company recognized a $6.4 million goodwill impairment charge representing 

10

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

the allocated goodwill to Fitness Solutions, which is included in loss on held for sale and impairments on the unaudited condensed consolidated statements of operations and comprehensive loss. 

Note 5. RevenueDisaggregation of RevenueThe following tables present a disaggregation of our revenue from contracts with customers by revenue recognition pattern and geographical market:Three months ended September 30,Nine months ended September 30,2025202420252024(in thousands)By pattern of recognition (timing of transfer of services):Point in time$3,356 $2,533 $8,689 $8,515 Over time144,110 137,573 429,065 409,966 Total$147,466 $140,106 $437,754 $418,481 By geographical market:United States$129,406 $126,487 $389,014 $371,305 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: