Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 49

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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60)(3,153)Net cash (used in) provided by operating activities(15,627)25,147 Cash flows from investing activities:Expenditures for property and equipment(972)(1,537)Proceeds from sale of property and equipment1,501 618 Expenditures for capitalized software(4,204)(6,106)Purchases of merchant portfolios and residual buyouts— (4,214)Acquisitions of businesses, net of cash and restricted cash acquired— (1,100)Payments for other investing activities— (34)Proceeds from other investing activities— 4 Net cash used in investing activities(3,675)(12,369)

See Notes to the Interim Condensed Consolidated Financial Statements

8

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

Six months ended March 31,20252024Cash flows from financing activities:Proceeds from revolving credit facility36,052 206,419 Payments on revolving credit facility(24,052)(132,710)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 for repurchases of Class A common stock(11,498)— Net payments for settlement obligations(565)(3,287)Cash paid for contingent consideration— (760)Payments for required distributions to members or on behalf of members for tax obligations(23,939)(189)Payments for required distributions to members under the Tax Receivable Agreement(9,954)— Proceeds from stock option exercises150 — Payments for employee's tax withholdings from net settled stock option exercises and RSU releases— (204)Net cash used in financing activities(60,029)(17,885)Net decrease in cash, cash equivalents and restricted cash(79,331)(5,107)Cash, cash equivalents and restricted cash at beginning of period89,597 12,400 Cash, cash equivalents and restricted cash at end of period$10,266 $7,293 Supplemental disclosure of cash flow information:Cash paid for interest$440 $14,107 Cash paid for income taxes$34,157 $5,376