Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 112

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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, general and administrative(1)28,687 27,432 1,255 4.6 %Depreciation and amortization7,840 7,193 647 9.0 %Change in fair value of contingent consideration381 (290)671 n/mTotal operating expenses59,095 55,482 3,613 6.5 %Income from operations3,964 2,486 1,478 59.5 %Other (income) expensesInterest expense446 7,714 (7,268)(94.2)%Other income(631)(2,257)1,626 (72.0)%Total other (income) expenses(185)5,457 (5,642)n/mIncome (loss) before income taxes4,149 (2,971)7,120 n/mProvision for (benefit from) income taxes3,054 (669)3,723 n/mNet income (loss) from continuing operations1,095 (2,302)3,397 n/mNet (loss) income from discontinued operations, net of income taxes(326)5,650 (5,976)n/mNet income769 3,348 (2,579)(77.0)%Net income (loss) from continuing operations attributable to non-controlling interest1,022 (593)1,615 n/mNet (loss) income from discontinued operations attributable to non-controlling interest(99)2,063 (2,162)n/mNet income attributable to non-controlling interest923 1,470 (547)(37.2)%Net income (loss) from continuing operations attributable to i3 Verticals, Inc.73 (1,709)1,782 n/mNet (loss) income from discontinued operations attributable to i3 Verticals, Inc.(227)3,587 (3,814)n/mNet (loss) income attributable to i3 Verticals, Inc.$(154)$1,878 $(2,032)n/m

n/m = not meaningful

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1.Refer to Note 3 for discussion of the change in the current and prior period presentation. 

57

Revenue

Revenue increased $5.1 million, or 8.8%, to $63.1 million for the three months ended March 31, 2025 from $58.0 million for the three months ended March