Company: IIIV
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001728688-25-000122
Chunk: 126

Company: i3 Verticals, Inc.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 8
Chunk 126
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Item 8.    Financial Statements and Supplementary Data

Index to Consolidated Financial StatementsPagei3 Verticals, Inc. and its SubsidiariesReport of Independent Registered Public Accounting Firm (PCAOB ID 34)72Consolidated Balance Sheets as of September 30, 2025 and September 30, 202475Consolidated Statements of Operations for the Years Ended September 30, 2025, 2024 and 202376Consolidated Statements of Changes in Equity for the Years Ended September 30, 2025, 2024 and 202377Consolidated Statements of Cash Flows for the Years Ended September 30, 2025, 2024 and 202379Notes to Consolidated Financial Statements81

71

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Directors of i3 Verticals, Inc. 

Opinion on the Financial Statements          

We have audited the accompanying consolidated balance sheets of i3 Verticals, Inc. and subsidiaries (the "Company") as of September 30, 2025 and 2024, the related consolidated statements of operations, changes in equity, and cash flows, for each of the three years in the period ended September 30, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended September 30, 2025, in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of September 30, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated November 21, 2025, expressed an unqualified opinion on the Company's internal control over financial reporting.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be