Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 36

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 in operating assets:Accounts receivable1,353 (5,321)Prepaid expenses and other current assets(4,779)(1,773)Other assets156 6,642 Changes in operating liabilities:Accounts payable1,807 (1,725)Accrued expenses and other current liabilities(5,899)(534)Acquisition escrow obligations— (1,009)Deferred revenue3,833 4,093 Operating lease liabilities(906)(1,212)Other long-term liabilities(102)(2,677)Contingent consideration paid in excess of original estimates(60)(1,918)Net cash provided by operating activities11,495 14,405 Cash flows from investing activities:Expenditures for property and equipment(471)(699)Proceeds from sale of property and equipment1,463 618 Expenditures for capitalized software(2,410)(3,100)Purchases of merchant portfolios and residual buyouts— (2,883)Acquisitions of businesses, net of cash and restricted cash acquired— (1,100)Payments for other investing activities— (11)Proceeds from other investing activities— 4 Net cash used in investing activities(1,418)(7,171)

See Notes to the Interim Condensed Consolidated Financial Statements

7

i3 Verticals, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)(In thousands)

Three months ended December 31,20242023Cash flows from financing activities:Proceeds from revolving credit facility1,743 64,694 Payments on revolving credit facility(1,743)(71,661)Proceeds from sale of exchangeable senior note hedges— 250 Payments for repurchases of warrants— (119)Payments for repurchases of Class A common stock(11,190)— Net proceeds from (payments for) settlement obligations(1)573 (1,355)Payments for required distributions to members for tax obligations— (155)Proceeds from stock option exercises150 — Payments for employee's tax withholdings from net settled stock option exercises and RSU releases— (204)Net cash used in financing activities(10,467)(8,550)Net decrease in cash, cash equivalents and restricted cash(390)(1,316)Cash, cash equivalents and restricted cash at beginning of period89,597 12,400