Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 48

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 tax assets associated with increases in tax basis— — — — 143 — — 143 Exercise or release of equity-based awards149,328 — — — (2,179)— — (2,179)Repurchases of Class A common stock(13,370)— — — (423)— — (423)Allocation of equity to non-controlling interests— — — — 3,063 — (3,063)— Balance at March 31, 202524,386,990 2 8,832,061 1 282,872 102,299 128,485 513,659 Equity-based compensation— — — — 7,396 — — 7,396 Net income— — — — — 12,882 5,543 18,425 Distributions to non-controlling interest holders— — — — — — (630)(630)Redemption of common units in i3 Verticals, LLC368,857 — (368,857)— 5,340 — (5,340)— Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis— — — — 281 — — 281 Exercise of equity-based awards88,794 — — — (1,644)— — (1,644)Repurchases of Class A common stock(1,063,726)— — — (26,366)— — (26,366)Allocation of equity to non-controlling interests— — — — 232 — (232)— Balance at June 30, 202523,780,915 $2 8,463,204 $1 $268,111 $115,181 $127,826 $511,121 

See Notes to the Interim Condensed Consolidated Financial Statements

6

i3 Verticals, Inc. CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (CONTINUED)(In thousands, except share amounts)

Class A Common StockClass B Common StockAdditional Paid-In CapitalRetained Earnings (Deficit)Non-Controlling InterestTotal EquitySharesAmountShares