Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 52

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 restricted cash(33,785)1,296 Cash, cash equivalents and restricted cash at beginning of period89,597 12,400 Cash, cash equivalents and restricted cash at end of period$55,812 $13,696 Supplemental disclosure of cash flow information:Cash paid for interest$763 $21,773 Cash paid for income taxes$35,112 $6,984 

9

i3 Verticals, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)(In thousands)

The following tables provide reconciliations of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to that shown in the condensed consolidated statements of cash flows:September 30,20242023Beginning balanceCash and cash equivalents$86,541 $3,112 Settlement assets632 4,873 Restricted cash2,424 4,415 Total cash, cash equivalents, and restricted cash$89,597 $12,400 June 30,20252024Ending balanceCash and cash equivalents$55,544 $9,745 Settlement assets18 1,355 Restricted cash250 2,596 Total cash, cash equivalents, and restricted cash$55,812 $13,696 

See Notes to the Interim Condensed Consolidated Financial Statements

10

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

1. ORGANIZATION AND OPERATIONS

i3 Verticals, Inc. (the “Company”) was formed as a Delaware corporation on January 17, 2018. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its Class A common stock and other related transactions in order to carry on the business of i3 Verticals, LLC and its subsidiaries. i3 Verticals, LLC was founded in 2012 and delivers software solutions seamlessly integrated with our proprietary payment facilitator platform to customers in strategic vertical markets. The Company’s headquarters are located in Nashville, Tennessee, with operations throughout the United States. Unless the context otherwise requires, references to “we,” “us,” “our,” “i3 Verticals” and the “Company” refer to i3 Verticals, Inc. and its subsidiaries, including i3 Vertical