Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 196

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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 excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive.

45

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

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock from discontinued operations for the three and six months ended March 31, 2024:Three Months Ended March 31,Six Months Ended March 31,2025202420252024Basic net (loss) income per share:NumeratorNet (loss) income$(326)$5,650 $(540)$11,401 Less: Net (loss) income attributable to non-controlling interest(99)2,063 (175)3,831 Net (loss) income attributable to Class A common stockholders$(227)$3,587 $(365)$7,570 DenominatorWeighted average shares of Class A common stock outstanding23,834,233 23,331,239 23,691,648 23,299,214 Basic net (loss) income per share(1)$(0.01)$0.15 $(0.02)$0.32 Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$3,587 $7,570 Reallocation of net income assuming conversion of common units(2)— 2,894 Net income attributable to Class A common stockholders - diluted$3,587 $10,464 DenominatorWeighted average shares of Class A common stock outstanding23,331,239 23,299,214 Weighted average effect of dilutive securities(3)387,235 10,520,010 Weighted average shares of Class A common stock outstanding - diluted23,718,474 33,819,224 Diluted net income per share$0.15 $0.31 __________________________1.For the three and six months ended March 31, 2025, all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share. The following securities were excluded from the weighted average effect of dilutive