Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 55

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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, except unit, share and per share amounts)

The financial results of the Healthcare RCM Business are included in income from discontinued operations, net of income taxes on the Company’s condensed consolidated statements of operations. The following table presents the assets and liabilities of the Healthcare RCM Business as of September, 30, 2024:September 30,2024AssetsCurrent assetsCash and cash equivalents$16 Accounts receivable, net5,209 Prepaid expenses and other current assets259 Total current assets5,484 Property and equipment, net389 Capitalized software, net4,609 Goodwill37,690 Intangible assets, net22,068 Operating lease right-of-use assets2,623 Other assets30 Total assets$72,893 Liabilities and equityLiabilitiesCurrent liabilitiesAccounts payable$484 Accrued expenses and other current liabilities1,720 Deferred revenue668 Current portion of operating lease liabilities1,200 Total current liabilities4,072 Operating lease liabilities, less current portion1,427 Total liabilities$5,499 

13

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

The following table presents financial results of Healthcare RCM Business for the three and nine months ended June 30, 2025 and 2024:Three months ended June 30,Nine months ended June 30,2025202420252024Revenue$3,601 $9,993 $22,463 $29,426 Operating expensesOther costs of services (excluding depreciation and amortization)3,023 6,109 14,553 17,834 Selling, general and administrative2,491 2,450 7,317 7,530 Depreciation and amortization275 812 1,940 2,422 Change in fair value of contingent consideration10 (19)1,302 (716)Total operating expenses5,799 9,352 25,112 27,070 (Loss) income from operations(2,198)641 (2,649)2,356 Other income(25,960)— (25,998)— Income before income taxes from discontinued operations23,762 641 23,349 2,356 Provision for income taxes4,337