Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 45

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 of June 30, 2025 and September 30, 2024, respectively2 2 Class B common stock, par value $0.0001 per share, 40,000,000 shares authorized; 8,463,204 and 10,032,676 shares issued and outstanding as of June 30, 2025 and September 30, 2024, respectively1 1 Additional paid-in capital268,111 279,335 Accumulated earnings115,181 100,397 Total stockholders' equity383,295 379,735 Non-controlling interest127,826 135,624 Total equity511,121 515,359 Total liabilities and equity$623,274 $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 June 30,Nine months ended June 30,2025202420252024Revenue$51,901 $46,183 $158,257 $139,909 Operating expensesOther costs of services (excluding depreciation and amortization)(1)16,733 15,287 48,889 44,423 Selling, general and administrative(1)33,018 26,048 85,779 75,576 Depreciation and amortization6,989 6,157 20,848 18,794 Change in fair value of contingent consideration(26)1 440 171 Total operating expenses56,714 47,493 155,956 138,964 (Loss) income from operations(4,813)(1,310)2,301 945 Other (income) expensesInterest expense806 7,906 1,932 22,307 Other income(4,601)— (7,020)(2,150)Total other (income) expenses(3,795)7,906 (5,088)20,157 (Loss) income before income taxes(1,018)(9,216)7,389 (19,212)(Benefit from) provision for income taxes(22)5,191 3,272 3,153 Net (loss) income from continuing operations(996)(14,407)4,117