Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 78

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 78
---
. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.

39

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

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock from continuing operations for the three months ended December 31, 2024 and 2023:Three Months Ended December 31,20242023Basic net income (loss) per share:NumeratorNet income (loss)$3,322 $(4,215)Less: Net income (loss) attributable to non-controlling interest1,128 (1,330)Net income (loss) attributable to Class A common stockholders$2,194 $(2,885)DenominatorWeighted average shares of Class A common stock outstanding23,551,352 23,267,290 Basic net income (loss) per share(1)$0.09 $(0.12)Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$2,194 Reallocation of net income assuming conversion of common units(2)858 Net income attributable to Class A common stockholders - diluted$3,052 DenominatorWeighted average shares of Class A common stock outstanding23,551,352 Weighted average effect of dilutive securities(3)10,505,844 Weighted average shares of Class A common stock outstanding - diluted34,057,196 Diluted net income per share$0.09 __________________________1.For the three months ended December 31, 2023, all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share. 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 continuing operations:a.10,093,394 weighted average shares of Class B common stock for the three months ended December 31, 2023, along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive.b.7,496,394 stock options for the three months ended December 31, 2023, were excluded because the