Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 51

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 revenue(7,597)(3,141)Operating lease liabilities(2,561)(3,510)Other long-term liabilities(102)(2)Contingent consideration paid in excess of original estimates(760)(6,566)Net cash (used in) provided by operating activities(8,276)33,266 Cash flows from investing activities:Expenditures for property and equipment(1,516)(2,434)Proceeds from sale of property and equipment1,501 618 Expenditures for capitalized software(6,301)(9,223)Purchases of merchant portfolios and residual buyouts(12)(4,585)Acquisitions of businesses, net of cash and restricted cash acquired(11,000)(1,100)Proceeds from sale of Healthcare RCM Business, net of cash sold96,102 — Payments for other investing activities— (39)Proceeds from other investing activities— 8 Net cash provided by (used in) investing activities78,774 (16,755)

See Notes to the Interim Condensed Consolidated Financial Statements

8

i3 Verticals, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)(In thousands)

Nine months ended June 30,20252024Cash flows from financing activities:Proceeds from revolving credit facility58,024 296,043 Payments on revolving credit facility(58,024)(217,149)Payments to extinguish exchangeable notes(26,223)— Payments for repurchase of exchangeable notes— (87,840)Proceeds from sale of exchangeable senior note hedges— 1,238 Payments for repurchases of warrants— (552)Payments of debt issuance costs(249)(906)Payments for repurchases of Class A common stock(37,604)— Net payments for settlement obligations(614)(3,518)Cash paid for contingent consideration(800)(760)Payments for required distributions to members or on behalf of members for tax obligations(24,849)(1,117)Payments for required distributions to members under the Tax Receivable Agreement(9,954)— Proceeds from stock option exercises150 25 Payments for employees' tax withholdings from net settled stock option exercises and RSU releases(4,140)(679)Net cash used in financing activities(104,283)(15,215)Net (decrease) increase in cash, cash equivalents and