i3 Verticals Inc

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

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.

Mar 31, 2024 · Filed May 10, 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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Contents

Condensed Consolidated Statement of Change in Equity

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Non-Controlling Interest · Total Equity
Shares · Amount · Shares · Amount
Balance at September 30, 2023	23,253,272	$2	10,093,394	$1	$249,688	$(12,944)	$91,549	$328,296
Equity-based compensation	—	—	—	—	6,508	—	—	6,508
Net income	—	—	—	—	—	1,098	438	1,536
Exercise of equity-based awards	25,898	—	—	—	(10)	—	—	(10)
Sale of exchangeable note hedges	—	—	—	—	1,483	—	—	1,483
Repurchases of warrants	—	—	—	—	(657)	—	—	(657)
Allocation of equity to non-controlling interests	—	—	—	—	(2,450)	—	2,450	—
Balance at December 31, 2023	23,279,170	2	10,093,394	1	254,562	(11,846)	94,437	337,156
Equity-based compensation	—	—	—	—	5,777	—	—	5,777
Net income	—	—	—	—	—	1,878	1,470	3,348
Redemption of common units in i3 Verticals, LLC	40,718	—	(40,718)	—	384	—	(384)	—
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—	—	42	—	—	42
Exercise or release of equity-based awards	96,630	—	—	—	(223)	—	—	(223)
Allocation of equity to non-controlling interests	—	—	—	—	(1,300)	—	1,300	—
Balance at March 31, 2024	23,416,518	$2	10,052,676	$1	$259,242	$(9,968)	$96,823	$346,100

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (CONTINUED)

Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Non-Controlling Interest · Total Equity
Shares · Amount · Shares · Amount
Balance at September 30, 2022	22,986,448	$2	10,118,142	$1	$241,958	$(23,582)	$89,309	$307,688
Adoption of ASU 2020-06	—	—	—	—	(23,382)	11,449	—	(11,933)
Equity-based compensation	—	—	—	—	6,846	—	—	6,846
Net (loss) income	—	—	—	—	—	(240)	409	169
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—	—	685	—	—	685
Exercise of equity-based awards	24,745	—	—	—	3	—	—	3
Allocation of equity to non-controlling interests	—	—	—	—	1,906	—	(1,906)	—
Balance at December 31, 2022	23,011,193	2	10,118,142	1	228,016	(12,373)	87,812	303,458
Equity-based compensation	—	—	—	—	6,802	—	—	6,802
Net loss	—	—	—	—	—	36	(228)	(192)
Redemption of common units in i3 Verticals, LLC	9,924	—	(9,924)	—	86	—	(86)	—
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—	—	349	—	—	349
Exercise of equity-based awards	64,443	—	—	—	(606)	—	—	(606)
Allocation of equity to non-controlling interests	—	—	—	—	(2,205)	—	2,205	—
Issuance of Class A common stock under the 2020 Inducement Plan	82,170	—	—	—	2,000	—	—	2,000
Balance at March 31, 2023	23,167,730	$2	10,108,218	$1	$234,442	$(12,337)	$89,703	$311,811

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.