Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 104

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 104
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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.8,637,499, 10,052,017 and 10,079,057 weighted average shares of Class B common stock for the three months ended June 30, 2025 and the three and nine months ended June 30, 2024, respectively,along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive,b.4,362,416, 7,764,984 and 7,981,615 stock options for the three months ended June 30, 2025 and the three and nine months ended June 30, 2024, respectively, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive, andc.952,796, 234,503 and 363,171 shares for the three months ended June 30, 2025 and the three and nine months ended June 30, 2024,