Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 44

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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.0001 per share, 40,000,000 shares authorized; 8,832,061 and 10,032,676 shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively1 1 Additional paid-in capital282,872 279,335 Accumulated earnings102,299 100,397 Total stockholders' equity385,174 379,735 Non-controlling interest128,485 135,624 Total equity513,659 515,359 Total liabilities and equity$646,359 $730,675 

See Notes to the Interim Condensed Consolidated Financial Statements

4

i3 Verticals, Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)(In thousands, except share and per share amounts)

Three months ended March 31,Six months ended March 31,2025202420252024Revenue$63,059 $57,968 $124,750 $113,022 Operating expensesOther costs of services (excluding depreciation and amortization)(1)22,187 21,147 43,218 40,724 Selling, general and administrative(1)28,687 27,432 57,587 54,607 Depreciation and amortization7,840 7,193 15,524 14,247 Change in fair value of contingent consideration381 (290)1,758 (527)Total operating expenses59,095 55,482 118,087 109,051 Income from operations3,964 2,486 6,663 3,971 Other (income) expensesInterest expense446 7,714 1,126 14,401 Other income(631)(2,257)(2,457)(2,150)Total other (income) expenses(185)5,457 (1,331)12,251 Income (loss) before income taxes4,149 (2,971)7,994 (8,280)Provision for (benefit from) income taxes3,054 (669)3,577 (1,763)Net income (loss) from continuing operations1,095 (2,302)4,417 (6,517)Net (loss) income from discontinued operations, net of income taxes(326)5,650 (540