Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 227

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 227
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 expenses(5,088)20,157 (25,245)n/mIncome (loss) before income taxes7,389 (19,212)26,601 n/mProvision for income taxes3,272 3,153 119 3.8 %Net income (loss) from continuing operations4,117 (22,365)26,482 n/mNet income from discontinued operations, net of income taxes18,185 18,951 (766)n/mNet income (loss)22,302 (3,414)25,716 n/mNet income (loss) from continuing operations attributable to non-controlling interest1,653 (4,654)6,307 n/mNet income from discontinued operations attributable to non-controlling interest5,865 5,809 56 n/mNet income attributable to non-controlling interest7,518 1,155 6,363 550.9 %Net income (loss) from continuing operations attributable to i3 Verticals, Inc.2,464 (17,711)20,175 n/mNet income from discontinued operations attributable to i3 Verticals, Inc.12,320 13,142 (822)n/mNet income (loss) attributable to i3 Verticals, Inc.$14,784 $(4,569)$19,353 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. 

Revenue

Revenue increased $18.3 million, or 13.1%, to $158.3 million for the nine months ended June 30, 2025 from $139.9 million for the nine months ended June 30, 2024. This increase included incremental revenue from current and prior year acquisitions of $4.6 million. The remaining increase was primarily driven by an increase of $8.8 million in recurring revenues and an increase of $4.6 million in software license revenue.

65

Other Costs of Services

Other costs of services increased $4.5 million, or 10.1%, to $48.9 million for the nine months ended June 30, 2025 from $44.4 million for the nine months ended June 30, 2024. The increase was primarily driven by an increase in internal and external personnel costs of $2.9 million and an increase in software costs of $1.