Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 106

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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14,784 $(4,569)DenominatorWeighted average shares of Class A common stock outstanding24,345,826 23,420,811 23,909,714 23,339,598 Basic net income (loss) per share(1)$0.53 $(0.32)$0.62 $(0.20)Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$12,882 $14,784 Reallocation of net income assuming conversion of common units(2)4,214 5,716 Net income attributable to Class A common stockholders – diluted$17,096 $20,500 DenominatorWeighted average shares of Class A common stock outstanding24,345,826 23,909,714 Weighted average effect of dilutive securities(3)9,590,295 10,273,553 Weighted average shares of Class A common stock outstanding – diluted33,936,121 34,183,267 Diluted net income per share$0.50 $0.60 __________________________1.For the three and nine months ended June 30, 2024, all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share. The following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted net loss per share of Class A common stock for consolidated operations:a.10,052,017 and 10,079,057 weighted average shares of Class B common stock for the three and nine months ended June 30, 2024, respectively,along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive,b.7,764,984 and 7,981,615 stock options for the three and nine months ended June 30, 2024, respectively, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive, andc.234,503 and 363,171 shares for the three and nine months ended June 30, 2024, respectively, resulting from estimated stock option exercises and restricted stock units vesting as calculated by the treasury stock method were excluded because of the effect of including them would have been anti-d