Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 8

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 of services (excluding depreciation and amortization)(1)21,031 19,577 1,454 7.4 %Selling, general and administrative(1)28,900 27,175 1,725 6.3 %Depreciation and amortization7,684 7,054 630 8.9 %Change in fair value of contingent consideration1,377 (237)1,614 n/mTotal operating expenses58,992 53,569 5,423 10.1 %Income from operations2,699 1,485 1,214 81.8 %Other (income) expensesInterest expense680 6,687 (6,007)(89.8)%Other (income) expense(1,826)107 (1,933)n/mTotal other (income) expenses(1,146)6,794 (7,940)n/mIncome (loss) before income taxes3,845 (5,309)9,154 n/mProvision for (benefit from) income taxes523 (1,094)1,617 n/mNet income (loss) from continuing operations3,322 (4,215)7,537 n/mNet (loss) income from discontinued operations, net of income taxes(214)5,751 (5,965)n/mNet income3,108 1,536 1,572 102.3 %Net income (loss) from continuing operations attributable to non-controlling interest1,128 (1,330)2,458 n/mNet (loss) income from discontinued operations attributable to non-controlling interest(76)1,768 (1,844)n/mNet income attributable to non-controlling interest1,052 438 614 140.2 %Net income (loss) from continuing operations attributable to i3 Verticals, Inc.2,194 (2,885)5,079 n/mNet (loss) income from discontinued operations attributable to i3 Verticals, Inc.(138)3,983 (4,121)n/mNet income attributable to i3 Verticals, Inc.$2,056 $1,098 $958 87.2 %

n/m = not meaningful

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1.Refer to Note 3 for discussion of the change in the current and prior period presentation. 

50

Revenue

Revenue increased $6