Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 98

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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$0.08 $0.13 Diluted net income per share:NumeratorNet (loss) income attributable to Class A common stockholders$1,878 $1,902 $2,976 Reallocation of net income assuming conversion of common units(2)— — — Net (loss) income attributable to Class A common stockholders - diluted$1,878 $1,902 $2,976 DenominatorWeighted average shares of Class A common stock outstanding23,331,239 23,691,648 23,299,214 Weighted average effect of dilutive securities(3)387,235 389,584 427,506 Weighted average shares of Class A common stock outstanding - diluted23,718,474 24,081,232 23,726,720 Diluted net income per share$0.08 $0.08 $0.13 __________________________1.For the three 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 securities in the computation of diluted net loss per share of Class A common stock for discontinued operations:a.9,408,427 weighted average shares of Class B common stock for the three months ended March 31, 2025, along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive.b.4,227,718 stock options for the three months ended March 31, 2025, were 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.c.299,505 shares for the three months ended March 31, 2025, resulting from estimated stock option exercises and restricted stock units vesting as calculated by the treasury stock method were excluded because of the effect of including them would have been anti-dilutive.

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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)

2.The reallocation of net income assuming conversion of common units represents the tax effected net income attributable to non-cont