Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 47

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 Condensed Consolidated Financial Statements

5

i3 Verticals, Inc. CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)(In thousands, except share amounts)

Class A Common StockClass B Common StockAdditional Paid-In CapitalRetained EarningsNon-Controlling InterestTotal EquitySharesAmountSharesAmountBalance at September 30, 202423,882,035 $2 10,032,676 $1 $279,335 $100,397 $135,624 $515,359 Equity-based compensation— — — — 3,814 — — 3,814 Net income— — — — — 2,056 1,052 3,108 Redemption of common units in i3 Verticals, LLC17,577 — (17,577)— 237 — (237)— Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 14 — — 14 Exercise of equity-based awards34,423 — — — 29 — — 29 Repurchases of Class A common stock(496,785)— — — (11,190)— — (11,190)Allocation of equity to non-controlling interests— — — — 293 — (293)— Balance at December 31, 202423,437,250 2 10,015,099 1 272,532 102,453 136,146 511,134 Equity-based compensation— — — — 3,932 — — 3,932 Net (loss) income— — — — — (154)923 769 Adjustments to accrued distributions to non-controlling interest holders— — — — — — 283 283 Redemption of common units in i3 Verticals, LLC813,782 — (813,782)— 11,493 — (11,493)— Recapitalization from contribution to i3 Verticals, LLC— — (369,256)— (5,689)— 5,689 — Establishment of liabilities under a tax receivable agreement and related changes to deferred