Registered number: 03621410
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPANY INFORMATION
CONTENTS
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The principal activity of the Company continued to be that of empowering organizations to anticipate, mitigate, respond to, and ultimately emerge stronger from critical events with the industry's only end-to end critical event management platform. The Company delivers reliability, security and compliance, creating measurable business advantage for customers with the objective of keeping people safe and organizations running.
The Company is part of the group owned by Everbridge Inc., a company incorporated in the United States of America. The results of the group are included in the consolidated financial statements of Everbridge Inc. On July 2nd, 2024 the group was acquired by Thoma Bravo, a leading software investment firm.
Everbridge is a global software company that empowers resilience by leveraging intelligent automation technology to enable customers to anticipate, mitigate, respond to, and recover from critical events to keep people safe and organizations running.
Through its CEM platform, the Company delivers reliable enterprise-ready applications that provide organizations with the ability to assess threats, locate people, automate actions, monitor incident response, and deliver contextual communications in any volume, in near-real time.
The applications enable:
Everbridge is a global software company that empowers resilience by leveraging intelligent automation technology to enable customers to anticipate, mitigate, respond to, and recover from critical events to keep people safe and organizations running.
Through its CEM platform, the Company delivers reliable enterprise-ready applications that provide organizations with the ability to assess threats, locate people, automate actions, monitor incident response, and deliver contextual communications in any volume, in near-real time.
The applications enable:
∙Communications to key stakeholders during emergency situations.
∙Corporate communications with customers and employees.
∙Automated outreach to on-call personnel.
∙Integrated threat assessment and visualization.
∙Integration of physical security data with location awareness data gathered from travel, network and access systems to rapidly find and communicate with employees during disruptive events.
∙Securely designed and efficiently implemented communications among healthcare providers and patients.
∙Community engagement and collaboration with citizens and businesses.
∙Critical IoT communications between machines and from machines to people.
∙Mobile response plan deployment and management of incidence response.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Critical Event Management solutions include:
Business Operations
The environment in which businesses operate is becoming more and more complex. Critical events such as COVID-19, severe weather, civil unrest and supply chain disruption impact the resilience of businesses. Everbridge Business Operations helps businesses prepare for, and respond to, critical events, protecting facilities and business operations. Built on Everbridge's industry-leading CEM platform, businesses can detect potential risks which might impact business operations and orchestrate a response in seconds across teams as well as digital and physical systems.
People Resilience
The increasing frequency of critical events such as severe weather, global pandemic and civil unrest over the past few years has challenged many organizations to extend their duty of care responsibilities beyond traditional safety and security in the workplace to include health and wellness of people. At the same time the scope of those responsibilities has moved beyond the traditional office and plant-based work model to work in motion where an employee could be working in the office, at home, in the field, or travelling. Everbridge People Resilience helps businesses prepare for, and respond to, critical events, keeping people healthy, safe, and productive wherever they work or travel around the globe. Built on Everbridge's industry-leading CEM platform, businesses can detect potential threats that might impact people, and orchestrate a rapid response across teams as well as digital and physical systems.
Digital Operations
The Everbridge Digital Operations Platform goes one step beyond signal enrichment by combining signals from multiple monitoring tools into a relevant context that provides resolvers with clear situational awareness. Massive growth in digital service has both empowered businesses and exposed new vulnerabilities which expands the possibility of threats. A digital operations platform enables agile service delivery models, providing resiliency for IT systems in an increasingly virtual world. Organizations now consider great customer experiences imperative to their business and are pivoting towards streamlining and automating digital operations. As a result, service uptime is crucial to delivering that experience. Through event correlation, incident suppression, signal enrichment, context-rich categorization, and prioritization, organizations can monitor issues and react before an incident becomes a business problem.
Smart Security
Everbridge Smart Security helps organizations maintain control of their security by identifying threats to their people or assets and orchestrating a rapid response across teams and systems, all within an easy-to use common platform. Theft, vandalism, violence, civil unrest, terrorism, and natural disasters are just some of the critical events security practitioners are faced with today. Keeping people safe and assets secure in the face of ever-Increasing and ever-more diverse threats is a constant challenge for many organizations. Operations also continue to grow, involving more systems, more users, and much more data. All of this can be difficult to manage and costly to control. When a critical event unfolds and information floods an organization, it needs to get the right information to the right people at the right time to protect its people and their assets and to ensure operational continuity.
Business Operations
The environment in which businesses operate is becoming more and more complex. Critical events such as COVID-19, severe weather, civil unrest and supply chain disruption impact the resilience of businesses. Everbridge Business Operations helps businesses prepare for, and respond to, critical events, protecting facilities and business operations. Built on Everbridge's industry-leading CEM platform, businesses can detect potential risks which might impact business operations and orchestrate a response in seconds across teams as well as digital and physical systems.
People Resilience
The increasing frequency of critical events such as severe weather, global pandemic and civil unrest over the past few years has challenged many organizations to extend their duty of care responsibilities beyond traditional safety and security in the workplace to include health and wellness of people. At the same time the scope of those responsibilities has moved beyond the traditional office and plant-based work model to work in motion where an employee could be working in the office, at home, in the field, or travelling. Everbridge People Resilience helps businesses prepare for, and respond to, critical events, keeping people healthy, safe, and productive wherever they work or travel around the globe. Built on Everbridge's industry-leading CEM platform, businesses can detect potential threats that might impact people, and orchestrate a rapid response across teams as well as digital and physical systems.
Digital Operations
The Everbridge Digital Operations Platform goes one step beyond signal enrichment by combining signals from multiple monitoring tools into a relevant context that provides resolvers with clear situational awareness. Massive growth in digital service has both empowered businesses and exposed new vulnerabilities which expands the possibility of threats. A digital operations platform enables agile service delivery models, providing resiliency for IT systems in an increasingly virtual world. Organizations now consider great customer experiences imperative to their business and are pivoting towards streamlining and automating digital operations. As a result, service uptime is crucial to delivering that experience. Through event correlation, incident suppression, signal enrichment, context-rich categorization, and prioritization, organizations can monitor issues and react before an incident becomes a business problem.
Smart Security
Everbridge Smart Security helps organizations maintain control of their security by identifying threats to their people or assets and orchestrating a rapid response across teams and systems, all within an easy-to use common platform. Theft, vandalism, violence, civil unrest, terrorism, and natural disasters are just some of the critical events security practitioners are faced with today. Keeping people safe and assets secure in the face of ever-Increasing and ever-more diverse threats is a constant challenge for many organizations. Operations also continue to grow, involving more systems, more users, and much more data. All of this can be difficult to manage and costly to control. When a critical event unfolds and information floods an organization, it needs to get the right information to the right people at the right time to protect its people and their assets and to ensure operational continuity.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Public Safety
Public Safety harnesses the ability to monitor critical events, alert the population, and mobilize a coordinated response across multiple agencies. The frequency of natural and human-made disasters is on the rise, and simultaneously, monitoring, collaborating, and communicating during incidents is becoming increasingly complex. For over 20 years, we have partnered with governments worldwide. From fires or floods to terrorist attacks, we have monitored potential hazards to help governments prepare and respond to incidents, and effectively provide the right people with the right information. Be it a country-wide emergency or a neighborhood outage, communities rely on Everbridge to keep them informed and safe.
With enterprise grade redundancy, scalability and uptime, the Everbridge platform has the ability to reach residents and visitors in almost all of the world's countries and territories.
Technology
The design and development of our applications, and our critical communication and critical event management platforms include the following key attributes:
Robust, Enterprise-Grade Scalability and Reliability
Given the mission-critical nature of our solutions, our multi-tenant platform was designed to provide a robust, high level of resiliency, scalability and redundancy. We use multiple geographically distributed service providers and communications carriers to achieve a high degree of redundancy, fault tolerance and cost-effective operations. We have multiple layers of redundancy and a horizontal scaling model across our infrastructure to deliver high availability and performance. Similarly, we leverage redundant downstream communications providers to enable our services to remain uninterrupted even if a particular provider encounters technical difficulties.
Multi-Modal, Globally Local Communications Delivery
We optimize international call routing across hundreds of telecommunications providers to enable higher voice quality, improved delivery rates during emergencies and the ability to configure local caller IDs to improve recognition and answer rates. We also work with multiple SMS providers to identify regulatory hurdles and deploy and actively manage an optimal mix of national and international SMS codes to ensure high delivery and response rates.
Hybrid Infrastructure
To provide highly scalable and global solutions, we employ redundant, geographically diverse production implementations of our platform infrastructure in multiple SOC 2-compliant data center facilities in North America and Europe. Within each data center, we utilize a hybrid-cloud architecture that enables us to leverage both proprietary and third-party infrastructure services to enable "on-demand" capacity and performance without substantial upfront investment. Our architecture enables our platform to dynamically determine the best location from which to deliver critical communications on behalf of our customers and solves many international communications delivery challenges by utilizing in-country or in-region telephony, messaging and data communication providers. Our infrastructure is continuously maintained and monitored by dedicated engineers based in redundant network operations centers in the Los Angeles and Boston areas.
Public Safety harnesses the ability to monitor critical events, alert the population, and mobilize a coordinated response across multiple agencies. The frequency of natural and human-made disasters is on the rise, and simultaneously, monitoring, collaborating, and communicating during incidents is becoming increasingly complex. For over 20 years, we have partnered with governments worldwide. From fires or floods to terrorist attacks, we have monitored potential hazards to help governments prepare and respond to incidents, and effectively provide the right people with the right information. Be it a country-wide emergency or a neighborhood outage, communities rely on Everbridge to keep them informed and safe.
With enterprise grade redundancy, scalability and uptime, the Everbridge platform has the ability to reach residents and visitors in almost all of the world's countries and territories.
Technology
The design and development of our applications, and our critical communication and critical event management platforms include the following key attributes:
Robust, Enterprise-Grade Scalability and Reliability
Given the mission-critical nature of our solutions, our multi-tenant platform was designed to provide a robust, high level of resiliency, scalability and redundancy. We use multiple geographically distributed service providers and communications carriers to achieve a high degree of redundancy, fault tolerance and cost-effective operations. We have multiple layers of redundancy and a horizontal scaling model across our infrastructure to deliver high availability and performance. Similarly, we leverage redundant downstream communications providers to enable our services to remain uninterrupted even if a particular provider encounters technical difficulties.
Multi-Modal, Globally Local Communications Delivery
We optimize international call routing across hundreds of telecommunications providers to enable higher voice quality, improved delivery rates during emergencies and the ability to configure local caller IDs to improve recognition and answer rates. We also work with multiple SMS providers to identify regulatory hurdles and deploy and actively manage an optimal mix of national and international SMS codes to ensure high delivery and response rates.
Hybrid Infrastructure
To provide highly scalable and global solutions, we employ redundant, geographically diverse production implementations of our platform infrastructure in multiple SOC 2-compliant data center facilities in North America and Europe. Within each data center, we utilize a hybrid-cloud architecture that enables us to leverage both proprietary and third-party infrastructure services to enable "on-demand" capacity and performance without substantial upfront investment. Our architecture enables our platform to dynamically determine the best location from which to deliver critical communications on behalf of our customers and solves many international communications delivery challenges by utilizing in-country or in-region telephony, messaging and data communication providers. Our infrastructure is continuously maintained and monitored by dedicated engineers based in redundant network operations centers in the Los Angeles and Boston areas.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Dynamic Location Detection
Our platform can create and update dynamic data sets containing a contact's last-known location, including the airport, street, building floor or conference room at which the contact was most recently present. Multiple data sources can be aggregated including building access control and badging systems, wired and wireless network access points, and corporate travel management and office hoteling systems. These data are used to best locate a contact in an emergency or critical business situation, independent of the contact's home or office location. Contacts can also share their location via a three-in-one mobile panic button application, which sends a panic message to the applicable organization's security team, and also includes the ability to send audio and video content, to check-in to capture and report geo-location data and to establish a safe corridor through a potentially unsafe area.
Comprehensive Customer Support Services
We are committed to the success of our customers. We demonstrate this commitment by offering a comprehensive set of support services to help our customers get started quickly, follow best practices, and realize on-going value from our critical communications solution.
Everbridge Europe Limited is a critical entity based in the United Kingdom and part of the Everbridge larger global group.
Our platform can create and update dynamic data sets containing a contact's last-known location, including the airport, street, building floor or conference room at which the contact was most recently present. Multiple data sources can be aggregated including building access control and badging systems, wired and wireless network access points, and corporate travel management and office hoteling systems. These data are used to best locate a contact in an emergency or critical business situation, independent of the contact's home or office location. Contacts can also share their location via a three-in-one mobile panic button application, which sends a panic message to the applicable organization's security team, and also includes the ability to send audio and video content, to check-in to capture and report geo-location data and to establish a safe corridor through a potentially unsafe area.
Comprehensive Customer Support Services
We are committed to the success of our customers. We demonstrate this commitment by offering a comprehensive set of support services to help our customers get started quickly, follow best practices, and realize on-going value from our critical communications solution.
Everbridge Europe Limited is a critical entity based in the United Kingdom and part of the Everbridge larger global group.
The management of the business and the execution of the group's strategy are subject to a number of risks. These include global trading conditions, technological advancement, credit and currency risk. Further risks that the group face are as follows:
∙Geopolitical frictions – The directors are continually monitoring the effects of instability in particular geographical areas due to conflicts and local unrest as for example in Ukraine and in the Middle East.
∙Economic downturn - Management acknowledges the importance of maintaining close relationships with its key customers in order to be able to identify the early signs of potential financial difficulties. Sales trends in the group's major markets are constantly reviewed to enable early action to be taken in the event of sales declining.
∙Competitor pressure - The market in which the group operates is considered to be relatively competitive, and therefore competitor pressure could result in losing sales to key competitors. The group manages this risk by providing quality technical solutions and maintaining strong relationships with its key customers.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
∙Reliance on key suppliers - The group's purchasing activities could expose it to over reliance on certain suppliers and inflationary pricing pressure. The group manages this risk by ensuring there is enough breadth in its supplier base and by constantly seeking to find potential alternative suppliers that may be used, if necessary.
∙Loss of key personnel - This would present significant operational difficulties for the group. Management seek to ensure that key personnel are appropriately remunerated to ensure that good performance is recognized.
∙Liquidity risk - The directors are aware that cash flow is the group's biggest risk to its ability to continue as a going concern. The group addresses cash flow by carefully managing its working capital inflows and outflows and works closely with the finance providers to manage these risks, along with obtaining financial support from the company's parent undertaking Everbridge Inc.
∙Currency risk - The group's principal foreign currency exposure arises from trading with overseas companies. Group policy allows, but does not demand, that these exposures may be hedged in order to fix the cost in sterling.
∙Credit risk - Credit risk arises from transactions with third party customers. The group has policies which require appropriate credit checks on potential customers and regularly reviews the utilization of individual customer credit limits.
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Revenue increased by 4% year on year to £27.9 million in 2025, reflecting robust, sustained organic growth. This performance was supported by continued customer interest and demand. Bookings decreased by 4% to $10,188,159, compared with 2024 bookings of $10,666,609. The slight decrease in bookings reflects the increased competition. In response, the company is broadening its market coverage and continuing to strengthen synergies across the group.
Following the acquisition by Thoma Bravo on July 2nd, 2024 the Company has focused on strategically realigning the offering around the core CEM platform as well as resources in order to accelerate and grow the investments. This included a targeted realignment and reduction of headcount, facilities and other third-party spend. This realignment was substantially completed by the end of 2024.
These KPI's provide information on growth and sales productivity specific to the International Sales team. These KPI's are generated quarterly and are included in the overall quarterly KPI Report compiled for Everbridge Inc and its subsidiaries.
Following the acquisition by Thoma Bravo on July 2nd, 2024 the Company has focused on strategically realigning the offering around the core CEM platform as well as resources in order to accelerate and grow the investments. This included a targeted realignment and reduction of headcount, facilities and other third-party spend. This realignment was substantially completed by the end of 2024.
These KPI's provide information on growth and sales productivity specific to the International Sales team. These KPI's are generated quarterly and are included in the overall quarterly KPI Report compiled for Everbridge Inc and its subsidiaries.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Going concern
Everbridge Europe Limited operates primarily in a sales and support capacity for Everbridge. We acknowledge the Company runs at a loss as there is no reason to generate a profit at the subsidiary level given that it is a support operation for the Group. The slight decrease in costs comparative to the increase in revenue in the current period is related to the recent period of growth and expansion through acquisition and it is now followed by a time of consolidating the new assets as part of an ongoing group reorganization project. Everbridge Inc. confirms that it will continue to provide financial support on behalf of the Group for Everbridge Europe Limited and stand behind all obligations of the Company.
Everbridge Europe Limited operates primarily in a sales and support capacity for Everbridge. We acknowledge the Company runs at a loss as there is no reason to generate a profit at the subsidiary level given that it is a support operation for the Group. The slight decrease in costs comparative to the increase in revenue in the current period is related to the recent period of growth and expansion through acquisition and it is now followed by a time of consolidating the new assets as part of an ongoing group reorganization project. Everbridge Inc. confirms that it will continue to provide financial support on behalf of the Group for Everbridge Europe Limited and stand behind all obligations of the Company.
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Headcount decreased by 16% overall during the year, this was the effect of continuous streamlining of our organization.These reductions predominantly impacted the sales team and the supporting functions.
This section forms our Section 172 disclosure, describing how, the Directors considered the matters set out in section 172(1)(a) to (f) of the Companies Act 2006. The Directors also took into account the views and interests of a wider set of stakeholders, including regulators.
The Directors have acted in a way that they considered, in good faith, to be most likely to promote the success of the company and its group for the benefit of its stakeholders, and in doing so had regard, amongst other matters, to:
The Directors have acted in a way that they considered, in good faith, to be most likely to promote the success of the company and its group for the benefit of its stakeholders, and in doing so had regard, amongst other matters, to:
∙the likely consequences of any decision in the long term;
∙the need to foster business relationships with suppliers, customers and others;
∙the impact of the group's operations on the community and the environment;
∙the desirability of the group maintaining a reputation for high standards of business conduct; and
∙the need to act fairly as between members of the Company.
The Board of directors has identified the following key stakeholders to be considered in their decisions during the year.
Shareholders
The Company's ultimate parent corporation was Everbridge, Inc. based in Burlington, Massachusetts and formerly listed on the NASDAQ prior to the acquisition by Thoma Bravo in July 2024. The Board works closely with the board of Everbridge, Inc. in meeting the goals of the group as a whole, along with those of the company and its group.
Shareholders
The Company's ultimate parent corporation was Everbridge, Inc. based in Burlington, Massachusetts and formerly listed on the NASDAQ prior to the acquisition by Thoma Bravo in July 2024. The Board works closely with the board of Everbridge, Inc. in meeting the goals of the group as a whole, along with those of the company and its group.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Employees
The board encourages employee engagement through forums on site and internationally, surveys, briefings and grant awards to employees to drive staff decisions directly impacting the working environment.
Suppliers
Suppliers are a critical link in the overall supply chain for the company, providing a source of value, consistency of quality and service and opportunity for innovation to meet the group's business needs. The Company uses regular reviews for two-way engagement for performance improvement or development of the group's products.
Customers
Engagement with customers drives alignment with their values, strategies and priorities and strategic partnerships to help ensure business sustainability and growth. The Company has regular communication and review meetings to agree short, medium and long term goals to develop relationships and ensure continuous improvement.
Regulatory bodies - Government
The group's products are playing a major role in the government's regulatory bodies' intentions for business resilience and perseverance in their day-to-day operations as well - with this the group makes sure to be up to date with the latest data security and anti-fraud policies to make sure data management regarding all the group's products is impeccable.
With this the Company aim to enhance business knowledge and compliance. The Company is also working closely together with the government of certain countries to ensure compliance with R&D activity policies as the Company received contributions from those countries to help maintain and improve our valuable R&D processes.
Community
To be engaged in the community is recognised as important both by employees and the board members. Employees of the group are granted additional days-off for community work or any kind of charitable activity based on their preferences.
The board encourages employee engagement through forums on site and internationally, surveys, briefings and grant awards to employees to drive staff decisions directly impacting the working environment.
Suppliers
Suppliers are a critical link in the overall supply chain for the company, providing a source of value, consistency of quality and service and opportunity for innovation to meet the group's business needs. The Company uses regular reviews for two-way engagement for performance improvement or development of the group's products.
Customers
Engagement with customers drives alignment with their values, strategies and priorities and strategic partnerships to help ensure business sustainability and growth. The Company has regular communication and review meetings to agree short, medium and long term goals to develop relationships and ensure continuous improvement.
Regulatory bodies - Government
The group's products are playing a major role in the government's regulatory bodies' intentions for business resilience and perseverance in their day-to-day operations as well - with this the group makes sure to be up to date with the latest data security and anti-fraud policies to make sure data management regarding all the group's products is impeccable.
With this the Company aim to enhance business knowledge and compliance. The Company is also working closely together with the government of certain countries to ensure compliance with R&D activity policies as the Company received contributions from those countries to help maintain and improve our valuable R&D processes.
Community
To be engaged in the community is recognised as important both by employees and the board members. Employees of the group are granted additional days-off for community work or any kind of charitable activity based on their preferences.
This report was approved by the board and signed on its behalf.
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The loss for the year, after taxation, amounted to £2,943,871 (2024 - £10,156,993).
The Company did not declare or pay a dividend in the year (2024 - £Nil).
The directors who served during the year were:
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
There have been no significant events affecting the Company since the year end.
The auditor, S&W Audit (a trading name of S&W Partners Audit Limited), will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERBRIDGE EUROPE LIMITED
Opinion
We have audited the financial statements of Everbridge Europe Limited (the 'Company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERBRIDGE EUROPE LIMITED
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors’ remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors’ Responsibilities Statement set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERBRIDGE EUROPE LIMITED
In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained a general understanding of the Company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the Company's industry and regulation.
We understand that the Company complies with the framework through:
We understand that the Company complies with the framework through:
∙Outsourcing accounting services, accounts preparation and tax compliance to external experts.
∙Subscribing to relevant updates from external experts, and making changes to internal procedures and controls as necessary.
In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the Company's ability to conduct its business, and/or where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the Company:
∙The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements.
∙UK General Data Protection Regulation (GDPR).
∙UK taxation law.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERBRIDGE EUROPE LIMITED
We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above:
∙Detailed review of the procedures management has implemented over compliance with "GDPR".
The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were:
∙Overstatement of income due to cut-off issues through manipulation of deferred or accrued income in the balance sheet.
∙Manipulation of the financial statements, especially revenue, via fraudulent journal entries.
∙Related party transactions not being fully disclosed given there are many entities within the Everbridge group.
∙Overstatement of trade debtors and accrued income due to the inclusion of potentially irrecoverable balances not adequately provided for at the year-end.
∙Understatement of management service fee income relating to employees providing services to fellow group companies.
∙The Company's use of the going concern basis of accounting may not be appropriate due to its reliance on continued group support.
∙Misstatement of revenue, deferred income and accrued income where specific group accounting principles are inconsistent with the requirements of UK GAAP.
These areas were communicated to the other members of the engagement team not present at the discussion.
The procedures we carried out to gain evidence in the above areas included:
The procedures we carried out to gain evidence in the above areas included:
∙Substantive work on cut-off and recognition of income through the year and at the year-end.
∙Testing journal entries, focusing particularly on postings to unexpected or unusual accounts and those posted at unusual times.
∙Detailed review of the transactions which have occurred with the related parties and consideration of the disclosure requirement for these.
∙Tracing the year-end trade debtors and accrued income through to post-year-end receipts to ensure they have been recovered, and challenging management on recoverability where these are not recovered or provided for.
∙Obtained an understanding of the arrangements governing management service recharges to fellow group companies and performed substantive testing over the income recognised, including agreeing amounts to supporting calculations and payroll records, and assessing whether management service fee income had been recognised completely.
∙Evaluated management's assessment of going concern, including a review of forecast information, consideration of the Company's reliance on group support, assessment of the financial position of the wider group, review of the support letter provided by the group, and evaluation of the adequacy of the related disclosures in the financial statements
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EVERBRIDGE EUROPE LIMITED
∙Obtained an understanding of the accounting treatment applied to revenue items where group accounting principles differ from the requirements of UK GAAP. Performed substantive testing over relevant contracts and transactions, challenged management's application of the accounting policy, and assessed the resulting revenue, deferred income and accrued income balances for material misstatement.
Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify or recognise irregularities.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Brockbourne House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS
Page 14
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 15
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
Page 16
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 37 form part of these financial statements.
Page 17
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 18
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Everbridge Europe Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is 5th Floor 10 Brook Street, Mayfair, London, W1S 1BG.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Monetary amounts in these financial statements are stated in pounds Sterling and are rounded to the nearest whole £1, except where otherwise stated.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group.
The company has therefore taken advantage of exemptions from the following disclosure requirements:
The company has therefore taken advantage of exemptions from the following disclosure requirements:
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
Page 19
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Group accounts exemption
The Company is a parent undertaking that is also a subsidiary undertaking of a larger group. It is included in the consolidated financial statements of Everbridge Holdings Limited, a parent undertaking established under the law of the United Kingdom.
Accordingly, the Company has taken advantage of the exemption available under section 400 of the Companies Act 2006 and has not prepared consolidated financial statements. These financial statements therefore present information about the Company as an individual entity only and do not include the results or financial position of its subsidiary undertakings as a group.
The consolidated financial statements of Everbridge Holdings Limited for the year ended 31 December 2025, in which the company is included, may be obtained from 5th Floor, 10 Brook Street, Mayfair, London, W1S 1BG.
The Company is a parent undertaking that is also a subsidiary undertaking of a larger group. It is included in the consolidated financial statements of Everbridge Holdings Limited, a parent undertaking established under the law of the United Kingdom.
Accordingly, the Company has taken advantage of the exemption available under section 400 of the Companies Act 2006 and has not prepared consolidated financial statements. These financial statements therefore present information about the Company as an individual entity only and do not include the results or financial position of its subsidiary undertakings as a group.
The consolidated financial statements of Everbridge Holdings Limited for the year ended 31 December 2025, in which the company is included, may be obtained from 5th Floor, 10 Brook Street, Mayfair, London, W1S 1BG.
As at 31 December 2025, the Company had net current liabilities of £57,579,861 (2024 - £54,453,616) and net liabilities of £57,633,479 (2024 - £54,689,608).This includes amounts owed to fellow group undertakings of £74,165,726 (2024: £99,874,192) and amounts owed by fellow group undertakings of £21,568,783 (2024: £54,622,257). During the year, the Company made losses before tax of £2,883,790 (2024 - £10,025,036) including management recharge income from fellow group undertakings of £4,808,429 (2024: £6,047,415) and costs recharged from fellow group undertakings of £8,269,986 (2024: £10,795,866).
Everbridge Europe Limited is a 100% wholly-owned subsidiary of Everbridge Holdings Limited which is a 100% owned subsidiary of Everbridge, Inc. ("Everbridge").
Everbridge Europe Limited operates primarily in a sales and support capacity for Everbridge. We acknowledge the Company runs at a loss as there is no reason to generate a profit at the subsidiary level given that it is a support operation for the Group. Everbridge, Inc. confirms that it will continue to provide financial support for Everbridge Europe Limited and stand behind all obligations of the Company.
The Company has no debt in the form of loans to any third parties outside of the group, but is reliant on the support of Everbridge, Inc. Everbridge, Inc. has undertaken to continue to provide support to Everbridge Europe Limited on behalf of the Group to enable the Company to continue to operate and to meet its liabilities as and when they fall due for at least the 12 months following the approval of the financial statements.
The directors have a reasonable expectation that the Group and Everbridge, Inc. has adequate resources and liquidity to continue in operational existence and to offer this support and hence have prepared the financial statements of Everbridge Europe Limited on a going concern basis.
Everbridge Europe Limited is a 100% wholly-owned subsidiary of Everbridge Holdings Limited which is a 100% owned subsidiary of Everbridge, Inc. ("Everbridge").
Everbridge Europe Limited operates primarily in a sales and support capacity for Everbridge. We acknowledge the Company runs at a loss as there is no reason to generate a profit at the subsidiary level given that it is a support operation for the Group. Everbridge, Inc. confirms that it will continue to provide financial support for Everbridge Europe Limited and stand behind all obligations of the Company.
The Company has no debt in the form of loans to any third parties outside of the group, but is reliant on the support of Everbridge, Inc. Everbridge, Inc. has undertaken to continue to provide support to Everbridge Europe Limited on behalf of the Group to enable the Company to continue to operate and to meet its liabilities as and when they fall due for at least the 12 months following the approval of the financial statements.
The directors have a reasonable expectation that the Group and Everbridge, Inc. has adequate resources and liquidity to continue in operational existence and to offer this support and hence have prepared the financial statements of Everbridge Europe Limited on a going concern basis.
Page 20
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Revenue for professional services is recognised over the period in which the services are provided and at the reporting date an estimate of completion is based on the number hours incurred delivering the service against the total estimate hours expected to complete the service.
Revenue for support and maintenance is recognised on a straight line basis over the fixed term of the contract.
Page 21
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Defined benefit pension plan
Page 22
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Share options awarded to employees are recognised at the fair value of the options at the date of grant as determined using the Black-Scholes model and are charged to profit or loss over the vesting period. Other equity based compensation schemes granted to employees, which represent nil cost options, are recognised at the fair value of the equity at the date of grant as determined by the open market price of the shares at the date of grant and are charged to profit or loss over the vesting period.
All share options and other equity based compensation schemes are settled in the equity of the ultimate parent company, Everbridge, Inc., and a capital contribution is recognised in line with the amounts charged to profit or loss over the vesting period.
Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest.
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the the remaining vesting period is recognised immediately.
Shares withheld to meet employee's tax liabilities (resulting in a net share settlement of share award) are accounted for as cash settled share based payments.
All share options and other equity based compensation schemes are settled in the equity of the ultimate parent company, Everbridge, Inc., and a capital contribution is recognised in line with the amounts charged to profit or loss over the vesting period.
Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest.
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the the remaining vesting period is recognised immediately.
Shares withheld to meet employee's tax liabilities (resulting in a net share settlement of share award) are accounted for as cash settled share based payments.
Page 23
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
Page 24
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Page 25
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements:
Bad debt provision
The Company makes an estimate of the recoverable value of trade and other debtors. When assessing the impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the views of service delivery colleagues, the ageing profile of debtors, whether the debtor is covered by insurance and historical experience. The carrying value of the bad debt provision at the year end was £660,423 (2024 - £388,489).
Share based payments
The Group operates cash-settled share-based payment arrangements. In measuring the associated liability, management is required to estimate the number of awards expected to vest. This assessment involves judgement and is based on historical employee retention rates, together with management's expectations regarding future employee departures and the achievement of performance-related vesting conditions.
During the prior year, the previous share-based payment scheme ceased on 2 July 2024. Awards outstanding at that date were modified such that they became cash-settled. The related liability was recognised within other creditors. At 31 December 2025, the carrying value of this liability was £Nil (2024: £2,123,558).
A new cash-settled share-based payment scheme was introduced during the prior year. At 31 December 2025, the carrying value of the associated liability was £478,601 (2024: £Nil), which is included within amounts owed to group undertakings.
Revenue recognition - Software as a service
Software licenses and support sold for a pre-agreed period of time including those sold as "software as a service" are recognised evenly over the length of the license. Where such sales are invoiced in advance, the residual amount is recognised as deferred revenue at the year-end. This is calculated by time-apportioning the revenue over the length of the license. The carrying value of deferred income at the year end was £15,020,554 (2024 - £13,912,393).
Revenue recognition - Ancillary support and installation
Some ancillary support and installation services are also provided by the Company. Due to the nature of differing contract timescales it is routinely necessary to estimate contract costs to complete and future revenues expected form these contracts. These estimates are based on all information available to management including the position of contracts at the financial year-end and at contract completion and latest correspondence with customers and suppliers, drawing on the experience and opinions of contract managers. Where such services are provided in advance of being invoiced, the revenue from services provided to the year end is recognised as accrued revenue. The carrying value of accrued income at the year end was £862,661 (2024 - £1,964,084).
Page 26
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
3.Judgements in applying accounting policies (continued)
The estimate of the present value of obligations under defined benefit plans relies on actuarial assumptions made by the directors, including the future salary increases and expected service length of employees in the plan. The directors consider that any such estimates would not materially affect the obligation and so have not made any adjustment for actuarial assumptions. The carrying value of obligations to defined benefit pension plans at the year end was £370,995 (2024 - £319,072).
Balances owed to fellow group companies
Management have presented balances due from fellow group companies gross of balances due to fellow group entities in the financial statements as they consider this the most appropriate presentation given there is no formal legal right of set-off. However, should any of the debts become impaired in their own right, group management would likely choose to set these debts off against those owed to fellow group companies. The carrying value of amounts owed to fellow group companies at the year end was £74,165,726 (2024 - £99,874,192).
Analysis of turnover by country of destination:
Page 27
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 28
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 29
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 30
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
At 31 December 2025, the Company had accumulated tax losses of £66,222,876 (2024 - £63,940,091). No deferred tax asset has been recognised in respect of these losses, as the Company is not expected to generate taxable profits in the short term, consistent with its role as a support function within the group. Further detail is provided in the going concern note.
Page 31
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 33
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Other reserves
The other reserve comprises capital contributions from the ultimate parent company, including amounts in respect of share based payments settled in the equity of the ultimate parent company.
Profit and loss account
The profit and loss reserve represents cumulative profit and loss less any distributions.
The other reserve comprises capital contributions from the ultimate parent company, including amounts in respect of share based payments settled in the equity of the ultimate parent company.
Profit and loss account
The profit and loss reserve represents cumulative profit and loss less any distributions.
In December 2024, as part of the merger of the wider group, the Board of Everbridge, LP approved the Everbridge, LP Incentive Equity Plan (the "Plan") and the Everbridge, LP Co-Invest Agreement to incentivise employees and align management and employees with the owners of the business.
The Plan provides for the grant of profit interests, options, equity appreciation rights and other forms of awards to employees and non-employees of the group, granted or denominated in units of the parent undertaking. Awards generally vest over four years based on continued service and, in certain cases, the achievement of performance conditions. The fair value of awards granted is recognised over the vesting period in accordance with applicable accounting requirements.
Certain employees of Everbridge Europe Limited participate in the Plan. The cost of awards granted to employees of the Company is recognised within the Company's financial statements over the relevant vesting period.
The 2008 and 2016 Equity Incentive Plans terminated on 2 July 2024 in connection with the wider group transaction. During the prior year, no share options were granted, vested or forfeited under these plans. No options remained outstanding at 31 December 2024, as all outstanding awards on termination were converted into cash-settled awards.
The Company has taken advantage of the reduced disclosures available with regards to share based payments as disclosed in note 2.10.
The Plan provides for the grant of profit interests, options, equity appreciation rights and other forms of awards to employees and non-employees of the group, granted or denominated in units of the parent undertaking. Awards generally vest over four years based on continued service and, in certain cases, the achievement of performance conditions. The fair value of awards granted is recognised over the vesting period in accordance with applicable accounting requirements.
Certain employees of Everbridge Europe Limited participate in the Plan. The cost of awards granted to employees of the Company is recognised within the Company's financial statements over the relevant vesting period.
The 2008 and 2016 Equity Incentive Plans terminated on 2 July 2024 in connection with the wider group transaction. During the prior year, no share options were granted, vested or forfeited under these plans. No options remained outstanding at 31 December 2024, as all outstanding awards on termination were converted into cash-settled awards.
The Company has taken advantage of the reduced disclosures available with regards to share based payments as disclosed in note 2.10.
Page 34
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company operates a Defined Benefit Pension Scheme.
Under Article 51 of the Federal Decree Law no. 33 of 2021, known as the "UAE labour law" non-UAE nationals are entitled to a gratuity payment upon their resignation. This is considered to represent a defined benefit plan. This plan is unfunded and the full obligation is payable upon the resignation of the employee.
No independent actuarial valuation has been carried in relation to this plan and no actuarial assumptions have been applied to the calculation of plan liabilities. The cumulative amount of actuarial gains and losses recognised in the Statement of Comprehensive Income was £Nil (2024 - £Nil).
No independent actuarial valuation has been carried in relation to this plan and no actuarial assumptions have been applied to the calculation of plan liabilities. The cumulative amount of actuarial gains and losses recognised in the Statement of Comprehensive Income was £Nil (2024 - £Nil).
Page 35
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
20.Pension commitments (continued)
Page 36
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
During the year, the directors identified that certain expenses included within administrative expenses in the prior year were more appropriately classified as cost of sales. Comparative information has therefore been restated to reclassify £4,141,405 from administrative expenses to cost of sales, increasing cost of sales from £278,316 to £4,419,721 and decreasing administrative expenses from £38,160,764 to £34,019,359. This reclassification has no impact on profit.
The immediate parent undertaking is Everbridge Holdings Limited , a company incorporated in England and Wales.
The ultimate parent undertaking isEverbridge Parent, LP a company incorporated in the United States of America.
The largest group in which the results of these financial statements are consolidated is that headed byEverbridge, Inc. copies of which may be obtained from 25 Corporate Drive, 4th Floor, Burlington, MA01803.
The ultimate controlling party isThoma Bravo, LP by virtue of their majority shareholding in the ultimate parent undertaking.
The ultimate parent undertaking is
The largest group in which the results of these financial statements are consolidated is that headed by
The ultimate controlling party is
Page 37