i3 Verticals Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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 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 |
| Equity-based compensation | — | — | — | — | 5,102 | — | — | 5,102 |
| Net loss | — | — | — | — | — | (7,545) | (753) | (8,298) |
| Distributions to non-controlling interest holders | — | — | — | — | — | — | (839) | (839) |
| Redemption of common units in i3 Verticals, LLC | 20,000 | — | (20,000) | — | 192 | — | (192) | — |
| Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis | — | — | — | — | 4,300 | — | — | 4,300 |
| Exercise of equity-based awards | 6,180 | — | — | — | (450) | — | — | (450) |
| Allocation of equity to non-controlling interests | — | — | — | — | (1,210) | — | 1,210 | — |
| Balance at June 30, 2024 | 23,442,698 | $2 | 10,032,676 | $1 | $267,176 | $(17,513) | $96,249 | $345,915 |
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 |
| Equity-based compensation | — | — | — | — | 7,198 | — | — | 7,198 |
| Net loss | — | — | — | — | — | (5,155) | (923) | (6,078) |
| Exercise of equity-based awards | 25,717 | — | — | — | 11 | — | — | 11 |
| Allocation of equity to non-controlling interests | — | — | — | — | (1,734) | — | 1,734 | — |
| Balance at June 30, 2023 | 23,193,447 | $2 | 10,108,218 | $1 | $239,917 | $(17,492) | $90,514 | $312,942 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.