Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 208

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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ilutive.

50

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 discontinued operations for the three and nine months ended June 30, 2025 and 2024:Three Months Ended June 30,Nine Months Ended June 30,2025202420252024Basic net income per share:NumeratorNet income$19,421 $6,109 $18,185 $18,951 Less: Net income attributable to non-controlling interest6,129 1,855 5,865 5,809 Net income attributable to Class A common stockholders$13,292 $4,254 $12,320 $13,142 DenominatorWeighted average shares of Class A common stock outstanding24,345,826 23,420,811 23,909,714 23,339,598 Basic net income per share(1)$0.55 $0.18 $0.52 $0.56 Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$12,320 Reallocation of net income assuming conversion of common units(2)4,459 Net income attributable to Class A common stockholders – diluted$16,779 DenominatorWeighted average shares of Class A common stock outstanding23,909,714 Weighted average effect of dilutive securities(3)10,273,553 Weighted average shares of Class A common stock outstanding – diluted34,183,267 Diluted net income per share$0.49 __________________________1.For the three months ended June 30, 2025 and for three and nine months ended June 30, 2024, net income (loss) from continuing operations attributable to i3 Verticals, Inc. was in a loss position, so diluted net income per share of Class A common stock for discontinued operations is computed in the same manner as basic net income per share of Class A common stock for discontinued operations. 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 discontinued operations:a.8,637,