Company: IIIV
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001728688-25-000122
Chunk: 3

Company: i3 Verticals, Inc.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 8
Chunk 3
---
9,973 Current assets held for sale— 5,484 Total current assets137,625 153,393 Property and equipment, net7,181 8,288 Restricted cash250 2,424 Capitalized software, net48,314 53,983 Goodwill248,469 242,988 Intangible assets, net135,797 140,748 Deferred tax asset49,058 48,445 Operating lease right-of-use assets4,577 6,331 Other assets7,140 6,666 Long-term assets held for sale— 67,409 Total assets$638,411 $730,675 Liabilities and equityLiabilitiesCurrent liabilitiesAccounts payable$6,248 $4,886 Current portion of long-term debt— 26,223 Accrued expenses and other current liabilities24,525 88,252 Settlement obligations411 632 Deferred revenue37,678 38,361 Current portion of operating lease liabilities1,827 2,305 Current liabilities held for sale— 4,072 Total current liabilities70,689 164,731 Long-term tax receivable agreement obligations32,191 29,347 Operating lease liabilities, less current portion2,964 4,890 Other long-term liabilities14,844 14,921 Long-term liabilities held for sale— 1,427 Total liabilities120,688 215,316 Commitments and contingencies (see Note 17)Stockholders' equityPreferred stock, par value $0.0001 per share, 10,000,000 shares authorized; 0 shares issued and outstanding as of September 30, 2025 and 2024— — Class A common stock, par value $0.0001 per share, 150,000,000 shares authorized; 23,983,125 and 23,882,035 shares issued and outstanding as of September 30, 2025 and 2024, respectively2 2 Class B common stock, par value $0.0001 per share, 40,000,000 shares authorized; 8,381,681 and 10,032,676 shares issued and outstanding as of September 30, 2025 and 2024, respectively1 1 Additional paid-in-capital271,310 279,335 Accumulated earnings118,270 100,397 Total