Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 156

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 156
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 working capital and cash delivered to the Company. The consideration paid and purchase price allocations disclosed reflect the effects of these adjustments.The financial results of Kickserv since the closing through December 31, 2023, were not material to our consolidated financial statements, nor were they material to our prior period consolidated results on a pro forma basis.The following table summarizes the estimated fair values of consideration transferred, assets acquired and liabilities assumed at the acquisition date:August 10, 2023(in thousands)Total consideration transferred:Cash$14,974 Net assets acquired:Prepaid expenses and other assets$51 Intangibles—definite lived3,155 Goodwill12,497 Accounts payable, accrued expenses and other(11)Deferred tax liability, net(397)Deferred revenue(274)Other non-current liabilities(47)Total net assets acquired$14,974 Fitness Solutions DispositionOn March 13, 2024, the Company entered into definitive sale and purchase agreements to sell its fitness solutions to Jonas Software. The sale of North American Fitness closed simultaneously with signing and the sale of UK Fitness closed July 1, 2024. The divestiture did not qualify for discontinued operations. During the year ended December 31, 2024, the Company recognized losses of $4.9 million, related to the sale of Fitness Solutions, which are included in loss on sale and impairments on our consolidated statements of operations and comprehensive loss. Additionally, the Company recognized $6.4 million of goodwill impairment charges representing the allocated goodwill to Fitness Solutions, which is included in loss on sale and impairments in the consolidated statements of operations and comprehensive loss.

Note 4. RevenueDisaggregation of RevenueThe following tables present a disaggregation of our revenue from contracts with customers by revenue recognition pattern and geographical market:Year Ended December 31,202420232022(in thousands)By pattern of recognition (timing of transfer of services):Point in time$56,545 $61,445 $56,056 Over time642,220 613,924 564,690 Total$698,765 $675,369 $620,746 By Geographical Market:United States$636,566 $614,782 $567,041 International62,199 60,587 53,705 Total$698,765 $675,369 $620,746 

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   EverCommerce Inc.Notes to Consolidated Financial Statements

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