Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 76

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 classified as "Long-term assets held for sale" as of September 30, 2024 in the accompanying condensed consolidated balance sheets and was not included in this amount. 

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

Intangible assets consisted of the following as of June 30, 2025:CostAccumulatedAmortizationCarryingValueAmortization Life and MethodFinite-lived intangible assets:Customer relationships$179,650 $(41,904)$137,746 9 to 20 years – straight-lineTrade names3,691 (2,860)831 2 to 5 years – straight-lineNon-compete agreements and other intangible assets376 (261)115 1 to 8 years – straight-lineTotal finite-lived intangible assets183,717 (45,025)138,692 Indefinite-lived intangible assets:Trademarks16 — 16 Total identifiable intangible assets$183,733 $(45,025)$138,708 Amortization expense from continuing operations for intangible assets amounted to $2,882 and $8,467 for the three and nine months ended June 30, 2025, and $2,621 and $7,969 for the three and nine months ended June 30, 2024.Based on net carrying amounts at June 30, 2025, the Company's estimate of future amortization expense for continuing operations for intangible assets are presented in the table below for fiscal years ending September 30:2025 (three months remaining)$2,912 202611,222 202710,954 202810,766 202910,739 Thereafter92,099 $138,692 

32

i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

7. ACCRUED EXPENSES AND OTHER LIABILITIES

A summary of the Company's accrued expenses and other current liabilities as of June 30, 2025 and September 30, 2024 is as follows:June 30,September 30,20252024(1)Accrued wages, bonuses, commissions and vacation$9,380 $4