Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 122

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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CM Business, including revenue of $48.4 million, operating expenses of $40.9 million and a provision for income taxes of $1.4 million.

64

Nine Months Ended June 30, 2025 Compared to Nine Months Ended June 30, 2024 

The following table presents our historical results of operations for the periods indicated:Nine Months Ended June 30,Change(in thousands)20252024Amount%Revenue$158,257 $139,909 $18,348 13.1 %Operating expensesOther costs of services (excluding depreciation and amortization)(1)48,889 44,423 4,466 10.1 %Selling, general and administrative(1)85,779 75,576 10,203 13.5 %Depreciation and amortization20,848 18,794 2,054 10.9 %Change in fair value of contingent consideration440 171 269 157.3 %Total operating expenses155,956 138,964 16,992 12.2 %Income from operations2,301 945 1,356 143.5 %Other (income) expensesInterest expense1,932 22,307 (20,375)(91.3)%Other income(7,020)(2,150)(4,870)226.5 %Total other (income) expenses(5,088)20,157 (25,245)n/mIncome (loss) before income taxes7,389 (19,212)26,601 n/mProvision for income taxes3,272 3,153 119 3.8 %Net income (loss) from continuing operations4,117 (22,365)26,482 n/mNet income from discontinued operations, net of income taxes18,185 18,951 (766)n/mNet income (loss)22,302 (3,414)25,716 n/mNet income (loss) from continuing operations attributable to non-controlling interest1,653 (4,654)6,307 n/mNet income from discontinued operations attributable to non-controlling interest5,865 5,809 56 n/mNet income attributable to non-controlling interest7,518 1,155 6,363 550.9 %Net income (loss) from continuing operations attributable to i3 Verticals, Inc.2