i3 Verticals Inc
For the period ended Mar 31, 2024. Filed May 10, 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.
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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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share amounts)
| Three months ended March 31, | Six months ended March 31, 2024 | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $94,542 | $93,872 | $186,532 | $179,901 |
| Operating expenses | ||||
| Other costs of services | 21,180 | 19,930 | 41,604 | 38,999 |
| Selling, general and administrative | 54,162 | 57,204 | 107,694 | 108,207 |
| Depreciation and amortization | 10,069 | 9,015 | 19,808 | 17,691 |
| Change in fair value of contingent consideration | (290) | 2,279 | (527) | 3,722 |
| Total operating expenses | 85,121 | 88,428 | 168,579 | 168,619 |
| Income from operations | 9,421 | 5,444 | 17,953 | 11,282 |
| Other expenses (income) | ||||
| Interest expense, net | 7,750 | 6,199 | 14,457 | 11,689 |
| Other income | (2,257) | — | (2,150) | (203) |
| Total other expenses | 5,493 | 6,199 | 12,307 | 11,486 |
| Income (loss) before income taxes | 3,928 | (755) | 5,646 | (204) |
| Provision for (benefit from) income taxes | 580 | (563) | 762 | (181) |
| Net income (loss) | 3,348 | (192) | 4,884 | (23) |
| Net income (loss) attributable to non-controlling interest | 1,470 | (228) | 1,908 | 181 |
| Net income (loss) attributable to i3 Verticals, Inc. | $1,878 | $36 | $2,976 | $(204) |
| Net income (loss) per share attributable to Class A common stockholders: | ||||
| Basic | $0.08 | $0.00 | $0.13 | $(0.01) |
| Diluted | $0.08 | $0.00 | $0.13 | $(0.01) |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic | 23,331,239 | 23,135,898 | 23,299,214 | 23,066,499 |
| Diluted | 23,718,474 | 34,269,140 | 23,726,720 | 23,066,499 |
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