Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 33

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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40,000,000 shares authorized; 10,015,099 and 10,032,676 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively1 1 Additional paid-in capital272,532 279,335 Accumulated earnings102,453 100,397 Total stockholders' equity374,988 379,735 Non-controlling interest136,146 135,624 Total equity511,134 515,359 Total liabilities and equity$726,229 $730,675 

See Notes to the Interim Condensed Consolidated Financial Statements

4

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

Three months ended December 31,20242023Revenue$61,691 $55,054 Operating expensesOther costs of services (excluding depreciation and amortization)(1)21,031 19,577 Selling, general and administrative(1)28,900 27,175 Depreciation and amortization7,684 7,054 Change in fair value of contingent consideration1,377 (237)Total operating expenses58,992 53,569 Income from operations2,699 1,485 Other (income) expensesInterest expense680 6,687 Other (income) expense(1,826)107 Total other (income) expenses(1,146)6,794 Income (loss) before income taxes3,845 (5,309)Provision for (benefit from) income taxes523 (1,094)Net income (loss) from continuing operations3,322 (4,215)Net (loss) income from discontinued operations, net of income taxes(214)5,751 Net income3,108 1,536 Net income (loss) from continuing operations attributable to non-controlling interest1,128 (1,330)Net (loss) income from discontinued operations attributable to non-controlling interest(76)1,768 Net income attributable to non-controlling interest1,052 438 Net income (loss) from continuing operations attributable to i3 Verticals, Inc.2,194 (2,885)Net (loss) income from discontinued operations attributable to i3 Verticals, Inc.(138)3,983 Net income attributable to