Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 76

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 31, 2024 and 2023.As of and for the Three Months Ended December 31,20242023Public Sector adjusted EBITDA margin(1)39 %40 %Healthcare adjusted EBITDA margin(1)28 %24 %Public Sector revenue$48,785 $43,498 Healthcare revenue13,171 11,580 Other revenue(265)(24)Total revenue$61,691 $55,054 Public sector adjusted EBITDA19,243 17,359 Healthcare adjusted EBITDA3,748 2,794 Corporate, eliminations and other(6,619)(6,165)Stock compensation expense(3,814)(5,358)M&A-related expenses(546)(244)Other taxes and one-time expenses(252)(84)Depreciation and amortization(7,684)(7,054)Change in fair value of contingent consideration(1,377)237 Income from operations2,699 1,485 Other incomeInterest expense680 6,687 Other income(1,826)107 Total other income(1,146)6,794 Income before income taxes$3,845 $(5,309)Public Sector total assets$482,659 $475,548 Healthcare total assets94,904 94,903 Other total assets148,666 67,683 Total assets$726,229 $638,134 Public Sector goodwill$233,850 $222,364 Healthcare goodwill46,828 46,828 Total goodwill$280,678 $269,192 n/m = not meaningful____________________1.Adjusted EBITDA Margin represents adjusted EBITDA as a percentage of revenue. The chief operating decision maker primarily uses adjusted EBITDA margin to measure operating performance and for purposes of making decisions about allocating resources to the Company's business segments.

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

The Company has not disclosed expenditures on long-lived assets at a segment level as such expenditures are not reviewed by or provided to the chief operating decision maker at a segment level.

17. NON-CONTROLLING INTEREST

i3 Verticals, Inc. is the sole managing member of i3 Verticals, LLC, and