Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 61

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 share and per share amounts)

duration of greater than one year for which revenue had not yet been recognized. These contracts do not allow for termination for convenience, which reduces the risks related to future revenue recognition. The transaction price allocated to the remaining performance obligations related to these contracts is not considered useful to the users of the financial statements due to the exclusion of certain revenue based on the aforementioned practical expedients.  The tables below present a disaggregation of the Company's revenue from contracts with customers for continuing operations by product by segment. The Company's products are defined as follows:•Software and related services — Includes SaaS, transaction-based fees, ongoing software maintenance and support, software licenses and other professional services related to our software offerings;•Proprietary payments — Includes discount fees and other related fixed transaction or service fees; and•Other — Includes sales of equipment, non-software related professional services, bundled performance obligations for software sales and equipment leasing and other revenues.For the Three Months Ended March 31, 2025Public SectorHealthcareOtherTotalSoftware and related services revenue$35,956 $10,469 $(202)$46,223 Proprietary payments revenue14,058 84 (1)14,141 Other revenue2,391 304 — 2,695 Total revenue$52,405 $10,857 $(203)$63,059 For the Three Months Ended March 31, 2024Public SectorHealthcareOtherTotalSoftware and related services revenue$31,385 $10,656 $(144)$41,897 Proprietary payments revenue13,511 67 (6)13,572 Other revenue2,201 330 (32)2,499 Total revenue$47,097 $11,053 $(182)$57,968 

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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)

For the Six Months Ended March 31, 2025Public SectorHealthcareOtherTotalSoftware and related services revenue$69,159 $23,207 $(468)$91,898 Proprietary payments revenue27,493 159 — 27,652 Other revenue4,538 662 — 5,200 Total revenue$101,190 $24,028 $(468)$124,750 For the