i3 Verticals Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 9, 2024
IIIV$19.32+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
| December 31, | September 30, | |
|---|---|---|
| 2023 | 2023 | |
| (unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $4,159 | $3,112 |
| Accounts receivable, net | 68,226 | 65,110 |
| Settlement assets | 3,518 | 4,873 |
| Prepaid expenses and other current assets | 14,218 | 12,449 |
| Total current assets | 90,121 | 85,544 |
| Property and equipment, net | 11,142 | 12,308 |
| Restricted cash | 3,407 | 4,415 |
| Capitalized software, net | 62,153 | 62,577 |
| Goodwill | 410,772 | 409,563 |
| Intangible assets, net | 225,296 | 226,952 |
| Deferred tax asset | 52,332 | 52,514 |
| Operating lease right-of-use assets | 12,717 | 13,922 |
| Other assets | 8,996 | 13,698 |
| Total assets | $876,936 | $881,493 |
| Liabilities and equity | ||
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | $9,711 | $11,064 |
| Current portion of long term debt | 90,777 | — |
| Accrued expenses and other current liabilities | 33,081 | 37,740 |
| Settlement obligations | 3,518 | 4,873 |
| Deferred revenue | 39,163 | 35,275 |
| Current portion of operating lease liabilities | 4,292 | 4,509 |
| Total current liabilities | 180,542 | 93,461 |
| Long-term debt, less current portion and debt issuance costs, net | 287,751 | 385,081 |
| Long-term tax receivable agreement obligations | 40,079 | 40,079 |
| Operating lease liabilities, less current portion | 9,417 | 10,433 |
| Other long-term liabilities | 21,991 | 24,143 |
| Total liabilities | 539,780 | 553,197 |
| Commitments and contingencies (see Note 12) | ||
| Stockholders' equity | ||
| Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and September 30, 2023 | — | — |
| Class A common stock, par value $0.0001 per share, 150,000,000 shares authorized; 23,279,170 and 23,253,272 shares issued and outstanding as of December 31, 2023 and September 30, 2023, respectively | 2 | 2 |
| Class B common stock, par value $0.0001 per share, 40,000,000 shares authorized; 10,093,394 and 10,093,394 shares issued and outstanding as of December 31, 2023 and September 30, 2023, respectively | 1 | 1 |
| Additional paid-in capital | 254,562 | 249,688 |
| Accumulated deficit | (11,846) | (12,944) |
| Total stockholders' equity | 242,719 | 236,747 |
| Non-controlling interest | 94,437 | 91,549 |
| Total equity | 337,156 | 328,296 |
| Total liabilities and equity | $876,936 | $881,493 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.