$EVCM

EverCommerce Inc.

CIK:0001853145|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 152,017	$ 148,015	$ 299,482	$ 290,288
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization presented separately below)	32,517	33,395	65,201	64,583
Sales and marketing	33,724	30,611	66,811	59,394
Product development	21,396	19,497	42,595	39,460
General and administrative	31,642	32,121	64,314	63,402
Depreciation and amortization	15,264	16,589	30,379	33,357
Loss on sale and impairments	0	0	131	85
Total operating expenses	134,543	132,213	269,431	260,281
Operating income	17,474	15,802	30,051	30,007
Interest and other expense, net	(6,286)	(8,798)	(11,060)	(21,557)
Net income from continuing operations before income tax expense	11,188	7,004	18,991	8,450
Income tax expense	(1,472)	(1,243)	(2,104)	(1,755)
Net income from continuing operations	9,716	5,761	16,887	6,695
Income (loss) from discontinued operations, net of income tax	0	2,392	0	(6,255)
Net income	9,716	8,153	16,887	440
Other comprehensive income:
Foreign currency translation (loss) gain, net	(741)	4,009	(1,602)	4,486
Comprehensive income	$ 8,975	$ 12,162	$ 15,285	$ 4,926
Basic net income (loss) per share attributable to common stockholders:
Continuing operations (in dollars per share)	$ 0.05	$ 0.03	$ 0.10	$ 0.04
Discontinued operations (in dollars per share)	0	0.01	0	(0.04)
Basic net income (loss) per share attributable to common stockholders (in dollars per share)	0.05	0.04	0.10	0
Diluted net income (loss) per share attributable to common stockholders:
Continuing operations (in dollars per share)	0.05	0.03	0.09	0.04
Discontinued operations (in dollars per share)	0	0.01	0	(0.04)
Diluted net income (loss) per share attributable to common stockholders (in dollars per share)	$ 0.05	$ 0.04	$ 0.09	$ 0
Weighted-average shares of common stock outstanding used in computing net income (loss) per share:
Basic (in shares)	176,929,675	182,600,189	177,302,643	183,031,556
Diluted (in shares)	178,792,743	184,240,814	179,734,330	184,838,467
Subscription and transaction fees
Revenues:
Total revenues	$ 147,350	$ 142,841	$ 289,449	$ 280,620
Other
Revenues:
Total revenues	$ 4,667	$ 5,174	$ 10,033	$ 9,668

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows provided by operating activities:
Net income	$ 16,887	$ 440
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,379	34,549
Stock-based compensation expense	11,650	15,210
Deferred taxes	1,238	136
Amortization of deferred financing costs and non-cash interest	587	806
Loss on sale and impairments	131	9,106
Bad debt expense	2,269	2,365
(Gain) loss on interest rate swap valuation adjustments	(5,034)	6,007
Change in contingent consideration liability	2,232	0
Other non-cash items	1,753	(58)
Changes in operating assets and liabilities:
Accounts receivable, net	(2,986)	(8,065)
Prepaid expenses and other current assets	(1,595)	(4,634)
Other non-current assets	(987)	(552)
Accounts payable	5,641	(2,702)
Accrued expenses and other	(6,585)	6,896
Deferred revenue	547	2,007
Other non-current liabilities	(2,982)	(3,852)
Net cash provided by operating activities	53,145	57,659
Cash flows used in investing activities:
Purchases of property and equipment	(1,485)	(992)
Capitalization of software costs	(15,579)	(12,668)
Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash	0	(85)
Net cash used in investing activities	(17,064)	(13,745)
Cash flows used in financing activities:
Payments on long-term debt	(2,750)	(2,750)
Exercise of stock options, net	2,314	6,212
Proceeds from common stock issuance for Employee Stock Purchase Plan	1,528	1,562
Employee taxes paid for RSU withholdings	(3,642)	(2,997)
Repurchase and retirement of common stock	(28,567)	(31,603)
Net cash used in financing activities	(31,117)	(29,576)
Effect of foreign currency exchange rate changes on cash	(1,198)	940
Net increase in cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale	3,766	15,278
Cash, cash equivalents and restricted cash, including cash and restricted cash classified as held for sale:
Beginning of period	129,730	135,782
End of period	133,496	151,060
Supplemental disclosures of cash flow information:
Cash paid for interest	15,645	18,244
Cash paid for income taxes	$ 1,595	$ 2,561

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 133,496	$ 129,730
Accounts receivable, net of allowance for expected credit losses of $3.7 million and $3.6 million at June 30, 2026 and December 31, 2025, respectively	37,681	37,046
Contract assets	12,334	11,612
Prepaid expenses and other current assets	34,948	34,391
Total current assets	218,459	212,779
Property and equipment, net	6,033	5,744
Other non-current assets	38,544	36,261
Goodwill	892,531	893,802
Total assets	1,364,442	1,371,794
Current liabilities:
Accounts payable	10,737	5,125
Accrued expenses and other	50,532	55,836
Deferred revenue	22,101	21,670
Customer deposits	13,051	12,519
Current maturities of long-term debt	5,500	5,500
Total current liabilities	101,921	100,650
Long-term debt, net of current maturities and deferred financing costs	515,442	517,891
Other non-current liabilities	31,801	36,380
Total liabilities	649,164	654,921
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $0.00001 par value, 50,000,000 shares authorized and no shares issued or outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock, $0.00001 par value, 2,000,000,000 shares authorized and 176,601,707 and 178,111,971 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	2	2
Accumulated other comprehensive loss	(14,288)	(12,686)
Additional paid-in capital	1,356,142	1,373,022
Accumulated deficit	(626,578)	(643,465)
Total stockholders’ equity	715,278	716,873
Total liabilities and stockholders’ equity	1,364,442	1,371,794
Capitalized software, net
Current assets:
Intangible assets, net	66,925	58,968
Intangible assets, net
Current assets:
Intangible assets, net	$ 141,950	$ 164,240