i3 Verticals Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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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, 2024 · Filed Feb 7, 2025
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 December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $61,691 | $55,054 |
| Operating expenses | ||
| Other costs of services (excluding depreciation and amortization)(1) | 21,031 | 19,577 |
| Selling, general and administrative(1) | 28,900 | 27,175 |
| Depreciation and amortization | 7,684 | 7,054 |
| Change in fair value of contingent consideration | 1,377 | (237) |
| Total operating expenses | 58,992 | 53,569 |
| Income from operations | 2,699 | 1,485 |
| Other (income) expenses | ||
| Interest expense | 680 | 6,687 |
| Other (income) expense | (1,826) | 107 |
| Total other (income) expenses | (1,146) | 6,794 |
| Income (loss) before income taxes | 3,845 | (5,309) |
| Provision for (benefit from) income taxes | 523 | (1,094) |
| Net income (loss) from continuing operations | 3,322 | (4,215) |
| Net (loss) income from discontinued operations, net of income taxes | (214) | 5,751 |
| Net income | 3,108 | 1,536 |
| Net income (loss) from continuing operations attributable to non-controlling interest | 1,128 | (1,330) |
| Net (loss) income from discontinued operations attributable to non-controlling interest | (76) | 1,768 |
| Net income attributable to non-controlling interest | 1,052 | 438 |
| Net income (loss) from continuing operations attributable to i3 Verticals, Inc. | 2,194 | (2,885) |
| Net (loss) income from discontinued operations attributable to i3 Verticals, Inc. | (138) | 3,983 |
| Net income attributable to i3 Verticals, Inc. | $2,056 | $1,098 |
| Net income (loss) per share attributable to Class A common stockholders from continuing operations: | ||
| Basic | $0.09 | $(0.12) |
| Diluted | $0.09 | $(0.12) |
| Net (loss) income per share attributable to Class A common stockholders from discontinued operations: | ||
| Basic | $(0.01) | $0.17 |
| Diluted | $(0.01) | $0.16 |
| Weighted average shares of Class A common stock outstanding: | ||
| Basic, for continuing operations | 23,551,352 | 23,267,290 |
| Diluted, for continuing operations | 34,057,196 | 23,267,290 |
| Basic, for discontinued operations | 23,551,352 | 23,267,290 |
| Diluted, for discontinued operations | 23,551,352 | 33,828,461 |
- Refer to Note 3 for discussion of the change in the current and prior period presentation.
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