Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 192

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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)(173)Depreciation and amortization(7,840)(7,193)(15,524)(14,247)Change in fair value of contingent consideration(381)290 (1,758)527 Income from operations3,964 2,486 6,663 3,971 Other (income) expenseInterest expense446 7,714 1,126 14,401 Other income(631)(2,257)(2,457)(2,150)Total other (income) expense(185)5,457 (1,331)12,251 Income (loss) before income taxes$4,149 $(2,971)$7,994 $(8,280)n/m = not meaningful____________________1.Adjusted EBITDA Margin represents adjusted EBITDA as a percentage of revenue. The chief operating decision maker primarily uses adjusted EBITDA margin to measure operating performance and for purposes of making decisions about allocating resources to the Company's business segments.

41

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

March 31,March 31,20252024Public Sector total assets$479,354 $467,465 Healthcare total assets90,823 92,848 Other total assets76,182 65,526 Total assets$646,359 $625,839 Public Sector goodwill$233,850 $222,364 Healthcare goodwill46,828 46,828 Total goodwill$280,678 $269,192 The Company has not disclosed expenditures on long-lived assets at a segment level as such expenditures are not reviewed by or provided to the chief operating decision maker at a segment level.

17. NON-CONTROLLING INTEREST

i3 Verticals, Inc. is the sole managing member of i3 Verticals, LLC, and as a result, consolidates the financial results of i3 Verticals, LLC and reports a non-controlling interest representing the Common Units of i3 Verticals, LLC held by the Continuing Equity Owners. Changes in i3 Verticals, Inc.’s ownership interest in i3 Verticals, LLC while i3 Verticals, Inc. retains its controlling interest in i3 Verticals, LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of Common Units