EverCommerce Inc. (EVCM) Financial Statements (2025 and earlier)

Company Profile

Business Address 3601 WALNUT STREET
DENVER, CO 80205
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92,60992,62593,993
Cash and cash equivalents92,60992,62593,993
Restricted cash and investments 3,5703,1993,566
Receivables45,41748,03240,514
Contract with customer, asset, after allowance for credit loss16,11712,97111,039
Capitalized contract cost8,6006,6004,800
Other undisclosed current assets13,83417,16017,705
Total current assets:180,147180,587171,617
Noncurrent Assets
Operating lease, right-of-use asset15,861  
Property, plant and equipment9,73411,93013,509
Intangible assets, net (including goodwill)1,242,9501,319,8021,429,951
Goodwill927,431914,082921,416
Intangible assets, net (excluding goodwill)315,519405,720508,535
Capitalized contract cost, net17,900 11,900
Other noncurrent assets42,72246,85524,296
Other undisclosed noncurrent assets8,75032,55412,100
Total noncurrent assets:1,337,9171,411,1411,491,756
TOTAL ASSETS:1,518,0641,591,7281,663,373
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74,90365,33659,665
Accounts payable8,6388,37310,325
Accrued liabilities66,26556,96349,340
Deferred revenue24,08222,88522,992
Debt5,5005,50010,943
Other undisclosed current liabilities12,89111,3609,828
Total current liabilities:117,376105,081103,428
Noncurrent Liabilities
Long-term debt and lease obligation526,696530,946535,184
Long-term debt, excluding current maturities526,696530,946535,184
Liabilities, other than long-term debt47,95649,00839,113
Deferred revenue   2,803
Deferred income tax liabilities   17,862
Other liabilities47,95649,00818,448
Total noncurrent liabilities:574,652579,954574,297
Total liabilities:692,028685,035677,725
Equity
Equity, attributable to parent826,036906,693985,648
Common stock222
Additional paid in capital1,454,0261,489,9351,500,643
Accumulated other comprehensive loss(8,017)(10,198)(1,767)
Accumulated deficit(619,975)(573,046)(513,230)
Total equity:826,036906,693985,648
TOTAL LIABILITIES AND EQUITY:1,518,0641,591,7281,663,373

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues675,369620,746490,139
Cost of revenue(237,992)(221,598)(263,667)
Cost of goods and services sold(231,007)(217,375)(162,230)
Gross profit:437,377399,148226,472
Operating expenses(434,951)(429,742)(253,664)
Operating income (loss):2,426(30,594)(27,192)
Nonoperating expense(46,407)(33,902)(36,111)
Interest and debt expense   (28,714)
Loss from continuing operations before income taxes:(43,981)(64,496)(92,017)
Income tax expense (benefit)(1,639)4,68010,051
Loss from continuing operations:(45,620)(59,816)(81,966)
Loss before gain (loss) on sale of properties:(81,966)
Net loss attributable to parent:(45,620)(59,816)(81,966)
Preferred stock dividends and other adjustments   (15,105)
Net loss available to common stockholders, diluted:(45,620)(59,816)(97,071)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(45,620)(59,816)(81,966)
Comprehensive loss:(45,620)(59,816)(81,966)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,181(8,431)(3,313)
Comprehensive loss, net of tax, attributable to parent:(43,439)(68,247)(85,279)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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