Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 50

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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(839)(839)Redemption of common units in i3 Verticals, LLC20,000 — (20,000)— 192 — (192)— Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 4,300 — — 4,300 Exercise of equity-based awards6,180 — — — (450)— — (450)Allocation of equity to non-controlling interests— — — — (1,210)— 1,210 — Balance at June 30, 202423,442,698 $2 10,032,676 $1 $267,176 $(17,513)$96,249 $345,915 

See Notes to the Interim Condensed Consolidated Financial Statements

7

i3 Verticals, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In thousands)

Nine months ended June 30,20252024Cash flows from operating activities:Net income (loss)$22,302 $(3,414)Adjustments to reconcile net income (loss) from operating activities:Depreciation and amortization22,788 29,865 Equity-based compensation15,142 17,387 Amortization of debt issuance costs746 897 Gain on repurchase of exchangeable notes— (2,397)Loss on sale of exchangeable senior note hedges— 245 Gain on repurchases of warrants— (105)Provision for deferred income taxes3,644 4,078 Adjustments to gain on sale of Merchant Services Business661 — Gain on sale of Healthcare RCM Business(25,960)— Non-cash lease expense1,933 3,534 Changes in non-cash contingent consideration expense from original estimate1,743 (545)Other non-cash adjustments to net income36 793 Changes in operating assets:Accounts receivable1,955 7,574 Prepaid expenses and other current assets(922)(1,398)Other assets(1,023)(1,076)Changes in operating liabilities:Accounts payable(677)(415)Accrued expenses and other current liabilities(37,450)(6,718)Acquisition escrow obligations(2,174)(1,820)Deferred