Company: EVCM
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001853145-25-000037
Chunk: 79

Company: EverCommerce Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 79
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 Remaining performance obligations generally relate to those which are stand-ready in nature, as found within the subscription revenue streams. The aggregate amount of transaction consideration allocated to remaining performance obligations as of June 30, 2025 was $19.1 million. The Company expects to recognize approximately 62% of its remaining performance obligations as revenue within the next year, 30% of its remaining performance obligations as revenue the subsequent year, 7% of its remaining performance obligations as revenue in the third year, and the remainder during the two-year period thereafter.

10

EverCommerce Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Cost to Obtain and Fulfill a Contract

Assets resulting from costs to obtain contracts are included within prepaid expenses and other current assets for short-term balances and other non-current assets for long-term balances on the Company’s unaudited condensed consolidated balance sheets. The costs to obtain contracts are amortized over five years, which corresponds with the useful life of the related technology. Short-term assets were $9.5 million and $8.9 million at June 30, 2025 and December 31, 2024, respectively, and long-term assets were $15.5 million and $16.0 million at June 30, 2025 and December 31, 2024, respectively. The Company recorded amortization expense within sales and marketing on the unaudited condensed consolidated statements of operations and comprehensive loss of $1.5 million and $1.3 million for the three months ended June 30, 2025 and 2024, respectively, and $2.9 million and $2.6 million for the six months ended June 30, 2025 and 2024, respectively. The Company recorded amortization expense within cost of revenues on the unaudited condensed consolidated statements of operations and comprehensive loss of $0.9 million and $0.7 million for the three months ended June 30, 2025 and 2024, respectively, and $1.8 million and $1.4 million for the six months ended June 30, 2025 and 2024, respectively. 

Note 6. GoodwillGoodwill activity consisted of the following for the six months ended June 30, 2025 (in thousands):Balance at December 31, 2024$863,152 Effect of foreign currency exchange rate changes4,053 Balance at June 30, 2025$867,205 Accumulated impairment