Company: IIIV
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001728688-25-000122
Chunk: 8

Company: i3 Verticals, Inc.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 8
Chunk 8
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,840 37,445 36,461 Equity-based compensation18,344 26,338 27,878 Amortization of debt discount and issuance costs961 1,175 1,514 Gain on repurchase of exchangeable notes— (2,397)— Loss on sale of exchangeable senior note hedges— 245 — Gain on repurchases of warrants— (105)— Net gain on sale of investments— — (295)Gain on sale of businesses(25,960)(205,576)— Write down of intangible asset— — 2,660 Provision for (Benefit from) deferred income taxes4,974 434 (5,935)Non-cash lease expense2,515 4,471 4,683 Other non-cash adjustments to net income (loss)437 1,346 1,546 Increase (Decrease) in non-cash contingent consideration expense from original estimate1,536 (690)10,781 Changes in operating assets:Accounts receivable(7,411)9,581 (7,657)Prepaid expenses and other current assets(2,182)(603)1,530 Other assets(2,017)(1,673)(1,865)Changes in operating liabilities:Accounts payable1,005 (3,237)1,674 Accrued expenses and other current liabilities(32,080)27,974 318 Acquisition escrow obligations(2,174)(1,791)(8,319)Deferred revenue(1,769)2,026 (1,319)Operating lease liabilities(3,160)(4,603)(4,530)Other long-term liabilities(2,908)(10,515)— Contingent consideration paid in excess of original estimates(760)(6,567)(19,303)Net cash provided by operating activities5,694 48,409 37,170 Cash flows from investing activities:Expenditures for property and equipment(1,941)(2,964)(4,204)Proceeds from sale of property and equipment1,501 618 — Expenditures for capitalized software(8,194)(11,996)(12,171)Purchases of merchant portfolios and residual buyouts(12)(5,372)(2,191)Acquisitions of businesses, net of cash acquired(11,000)(19,