Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 159

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 159
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 TSA and Infinx ELA are reported in selling, general and administrative expenses within the Company's condensed consolidated statements of operations. Income under the Infinx TSA and Infinx ELA during the three and nine months ended June 30, 2025 was $3,919.Aggregate costs incurred related to the sale of the Healthcare RCM Business during the nine months ended June 30, 2025 that were not considered incremental direct costs to transact the sale, were approximately $1,332 and were expensed as incurred. These costs were primarily incurred during the third fiscal quarter of the fiscal year ended September 30, 2025 and include fees for third-party advisory, consulting, legal and professional services, as well as other items associated with the sale of the Healthcare RCM Business. The expenses are reflected within selling, general and administrative expenses within the Company's condensed consolidated statements of operations.

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

The financial results of the Healthcare RCM Business are included in income from discontinued operations, net of income taxes on the Company’s condensed consolidated statements of operations. The following table presents the assets and liabilities of the Healthcare RCM Business as of September, 30, 2024:September 30,2024AssetsCurrent assetsCash and cash equivalents$16 Accounts receivable, net5,209 Prepaid expenses and other current assets259 Total current assets5,484 Property and equipment, net389 Capitalized software, net4,609 Goodwill37,690 Intangible assets, net22,068 Operating lease right-of-use assets2,623 Other assets30 Total assets$72,893 Liabilities and equityLiabilitiesCurrent liabilitiesAccounts payable$484 Accrued expenses and other current liabilities1,720 Deferred revenue668 Current portion of operating lease liabilities1,200 Total current liabilities4,072 Operating lease liabilities, less current portion1,427 Total liabilities$5,499 

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

The following table presents financial results of Healthcare RCM Business for the three and nine months ended June 30, 2025 and