Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 198

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 198
---
 six months ended March 31, 2024, respectively, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive.

47

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

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock from the consolidated operations for three and six months ended March 31, 2024:Three Months Ended March 31,Six Months Ended March 31,2025202420252024Basic net income per share:NumeratorNet income$769 $3,348 $3,877 $4,884 Less: Net income attributable to non-controlling interest923 1,470 1,975 1,908 Net (loss) income attributable to Class A common stockholders$(154)$1,878 $1,902 $2,976 DenominatorWeighted average shares of Class A common stock outstanding23,834,233 23,331,239 23,691,648 23,299,214 Basic net (loss) income per share(1)$(0.01)$0.08 $0.08 $0.13 Diluted net income per share:NumeratorNet (loss) income attributable to Class A common stockholders$1,878 $1,902 $2,976 Reallocation of net income assuming conversion of common units(2)— — — Net (loss) income attributable to Class A common stockholders - diluted$1,878 $1,902 $2,976 DenominatorWeighted average shares of Class A common stock outstanding23,331,239 23,691,648 23,299,214 Weighted average effect of dilutive securities(3)387,235 389,584 427,506 Weighted average shares of Class A common stock outstanding - diluted23,718,474 24,081,232 23,726,720 Diluted net income per share$0.08 $0.08 $0.13 __________________________1.For the three months ended March