Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 91

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 EBITDA margin(1)16 %16 %23 %20 %Public Sector revenue$52,405 $47,097 $101,190 $90,595 Healthcare revenue10,857 11,053 24,028 22,633 Other revenue(203)(182)(468)(206)Total revenue$63,059 $57,968 $124,750 $113,022 Public sector adjusted EBITDA21,576 19,233 40,819 36,592 Healthcare adjusted EBITDA1,722 1,775 5,470 4,569 Corporate, eliminations and other(6,156)(5,794)(12,775)(11,959)Stock compensation expense(3,932)(5,022)(7,746)(10,380)M&A-related expenses(570)(714)(1,116)(958)Other taxes and one-time expenses(455)(89)(707)(173)Depreciation and amortization(7,840)(7,193)(15,524)(14,247)Change in fair value of contingent consideration(381)290 (1,758)527 Income from operations3,964 2,486 6,663 3,971 Other (income) expenseInterest expense446 7,714 1,126 14,401 Other income(631)(2,257)(2,457)(2,150)Total other (income) expense(185)5,457 (1,331)12,251 Income (loss) before income taxes$4,149 $(2,971)$7,994 $(8,280)n/m = not meaningful____________________1.Adjusted EBITDA Margin represents adjusted EBITDA as a percentage of revenue. The chief operating decision maker primarily uses adjusted EBITDA margin to measure operating performance and for purposes of making decisions about allocating resources to the Company's business segments.

41

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

March 31,March 31,20252024Public Sector total assets$479,354 $467,465 Healthcare total assets90,823 92,848 Other total assets76,182 65,526 Total assets$646,