i3 Verticals, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 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.
Jun 30, 2025 · Filed Aug 8, 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 June 30, | Nine months ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $51,901 | $46,183 | $158,257 | $139,909 |
| Operating expenses | ||||
| Other costs of services (excluding depreciation and amortization)(1) | 16,733 | 15,287 | 48,889 | 44,423 |
| Selling, general and administrative(1) | 33,018 | 26,048 | 85,779 | 75,576 |
| Depreciation and amortization | 6,989 | 6,157 | 20,848 | 18,794 |
| Change in fair value of contingent consideration | (26) | 1 | 440 | 171 |
| Total operating expenses | 56,714 | 47,493 | 155,956 | 138,964 |
| (Loss) income from operations | (4,813) | (1,310) | 2,301 | 945 |
| Other (income) expenses | ||||
| Interest expense | 806 | 7,906 | 1,932 | 22,307 |
| Other income | (4,601) | — | (7,020) | (2,150) |
| Total other (income) expenses | (3,795) | 7,906 | (5,088) | 20,157 |
| (Loss) income before income taxes | (1,018) | (9,216) | 7,389 | (19,212) |
| (Benefit from) provision for income taxes | (22) | 5,191 | 3,272 | 3,153 |
| Net (loss) income from continuing operations | (996) | (14,407) | 4,117 | (22,365) |
| Net income from discontinued operations, net of income taxes | 19,421 | 6,109 | 18,185 | 18,951 |
| Net income (loss) | 18,425 | (8,298) | 22,302 | (3,414) |
| Net (loss) income from continuing operations attributable to non-controlling interest | (586) | (2,608) | 1,653 | (4,654) |
| Net income from discontinued operations attributable to non-controlling interest | 6,129 | 1,855 | 5,865 | 5,809 |
| Net income (loss) attributable to non-controlling interest | 5,543 | (753) | 7,518 | 1,155 |
| Net (loss) income from continuing operations attributable to i3 Verticals, Inc. | (410) | (11,799) | 2,464 | (17,711) |
| Net income from discontinued operations attributable to i3 Verticals, Inc. | 13,292 | 4,254 | 12,320 | 13,142 |
| Net income (loss) attributable to i3 Verticals, Inc. | $12,882 | $(7,545) | $14,784 | $(4,569) |
| Net (loss) income per share attributable to Class A common stockholders from continuing operations: | ||||
| Basic | $(0.02) | $(0.50) | $0.10 | $(0.76) |
| Diluted | $(0.03) | $(0.50) | $0.10 | $(0.76) |
| Net income per share attributable to Class A common stockholders from discontinued operations: | ||||
| Basic | $0.55 | $0.18 | $0.52 | $0.56 |
| Diluted | $0.55 | $0.18 | $0.49 | $0.56 |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic, for continuing operations | 24,345,826 | 23,420,811 | 23,909,714 | 23,339,598 |
| Diluted, for continuing operations | 32,983,325 | 23,420,811 | 24,823,635 | 23,339,598 |
| Basic, for discontinued operations | 24,345,826 | 23,420,811 | 23,909,714 | 23,339,598 |
| Diluted, for discontinued operations | 24,345,826 | 23,420,811 | 34,183,267 | 23,339,598 |
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