Company: IIIV
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001728688-25-000122
Chunk: 130

Company: i3 Verticals, Inc.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 8
Chunk 130
---
 stockholders' equity389,583 379,735 Non-controlling interest128,140 135,624 Total equity517,723 515,359 Total liabilities and equity$638,411 $730,675 

See Notes to the Consolidated Financial Statements

75

i3 Verticals, Inc.CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share and per share amounts)

Year ended September 30,202520242023Revenue$213,158 $191,232 $189,681 Operating expensesOther costs of services (excluding depreciation and amortization)(1)66,587 60,517 54,811 Selling, general and administrative(1)114,660 100,785 105,982 Depreciation and amortization27,900 25,553 23,320 Change in fair value of contingent consideration234 22 9,979 Total operating expenses209,381 186,877 194,092 Income (loss) from operations3,777 4,355 (4,411)Other (income) expensesInterest expense2,299 29,263 25,128 Other income(9,406)(3,395)(1,224)Total other (income) expenses(7,107)25,868 23,904 Income (loss) before income taxes10,884 (21,513)(28,315)(Benefit from) provision for income taxes5,266 (5,468)(3,507)Net income (loss) from continuing operations5,618 (16,045)(24,808)Net income from discontinued operations, net of income taxes20,885 191,175 22,156 Net income (loss)26,503 175,130 (2,652)Net income (loss) from continuing operations attributable to non-controlling interest1,991 (5,191)(8,192)Net income from discontinued operations attributable to non-controlling interest6,639 66,980 6,351 Net income (loss) attributable to non-controlling interest8,630 61,789 (1,841)Net income (loss) from continuing operations attributable to i3 Verticals, Inc.3,627 (10,854)(16,616)Net income from discontinued operations attributable to i3 Verticals, Inc.14,246 124,195 15,805 Net