Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 140

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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879 Thereafter101,454 $159,556 

23

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 December 31, 2024 and September 30, 2024 is as follows is as follows:December 31,September 30,20242024Accrued wages, bonuses, commissions and vacation$7,362 $5,737 Accrued interest384 43 Accrued contingent consideration — current portion339 716 Escrow liabilities2,200 2,174 Accrued tax distributions22,185 24,276 Accrued income tax expense31,670 30,520 Tax receivable agreement liability — current portion9,897 9,850 Customer deposits995 634 Employee health self-insurance liability1,021 917 Accrued Hyland expenses653 1,165 Accrued interchange2,492 1,946 Other accrued liabilities related to the Sale of the Merchant Services Business188 7,887 Accrued liabilities owed to sellers228 355 Other accrued expenses3,383 3,752 Accrued expenses and other current liabilities$82,997 $89,972 A summary of the Company's long-term liabilities as of December 31, 2024 and September 30, 2024 is as follows:December 31,September 30,20242024Accrued contingent consideration — long-term portion$3,330 $1,636 Deferred tax liability — long-term10,627 11,402 Other long-term liabilities2,958 1,883 Total other long-term liabilities$16,915 $14,921 

24

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

8. LONG-TERM DEBT, NET 

A summary of long-term debt, net as of December 31, 2024 and September 30, 2024 is as follows:December 31,September 30,Maturity20242024Revol