Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 210

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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 (“out-of-the-money”) and the effect of including them would have been anti-dilutive.

52

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

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock from the consolidated operations for three and nine months ended June 30, 2025 and 2024:Three Months Ended June 30,Nine Months Ended June 30,2025202420252024Basic net income (loss) per share:NumeratorNet income (loss)$18,425 $(8,298)$22,302 $(3,414)Less: Net income (loss) attributable to non-controlling interest5,543 (753)7,518 1,155 Net (loss) income attributable to Class A common stockholders$12,882 $(7,545)$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