i3 Verticals Inc (IIIV)

Technology | Software Infrastructure
Income Statement (Quarterly) 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenue 63,059,000 61,691,000 60,864,000 56,037,000
Cost of Revenue 22,187,000 21,031,000 5,033,000 4,722,000
Gross Profit 40,872,000 40,660,000 55,831,000 51,315,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 28,687,000 28,900,000 44,842,000 45,033,000
Operating Expenses 36,908,000 37,961,000 52,277,000 51,984,000
Operating Income 3,964,000 2,699,000 3,554,000 -669,000
Interest Expense 446,000 680,000 6,956,000 7,906,000
Income Before Tax 4,149,000 3,845,000 -2,157,000 -8,575,000
Income Tax Expense 3,054,000 523,000 -9,175,000 5,271,000
Net Income -154,000 2,056,000 117,910,000 -7,545,000
Per Share
EPS -0.01 0.08 4.98 -0.32
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Revenue 213,158,000 229,923,000 370,239,000 317,862,000 224,124,000
Cost of Revenue 94,487,000 18,573,000 80,552,000 73,367,000 57,706,000
Gross Profit 118,671,000 211,350,000 289,687,000 244,495,000 166,418,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 114,660,000 176,390,000 217,678,000 193,790,000 134,872,000
Operating Expenses 114,660,000 204,496,000 266,978,000 223,214,000 159,290,000
Operating Income 4,011,000 6,854,000 22,709,000 20,290,000 -12,000
Interest Expense 2,299,000 29,263,000 25,128,000 14,775,000 9,799,000
Income Before Tax 10,884,000 -19,014,000 -3,855,000 -18,210,000 -7,216,000
Income Tax Expense 5,266,000 -5,668,000 -1,203,000 5,007,000 623,000
Net Income 17,873,000 113,341,000 -811,000 -23,217,000 -4,457,000
Per Share
EPS 0.75 4.84 -0.04 -1.04 -0.21
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Assets
Cash and Cash Equivalents 66,672,000 86,541,000 3,112,000 3,490,000
Short Term Investments 0 0 0 0
Net Receivables 58,467,000 56,183,000 65,110,000 53,334,000
Inventory 0 2,423,000 4,138,000 4,121,000
Total Current Assets 137,625,000 153,393,000 85,544,000 83,809,000
Property Plant Equipment 11,758,000 17,631,000 26,230,000 23,348,000
Goodwill and Intangibles 432,580,000 502,086,000 699,092,000 601,899,000
Total Assets 638,411,000 730,675,000 881,493,000 770,312,000
Liabilities
Account Payables 6,248,000 5,370,000 11,064,000 9,342,000
Short Term Debt 1,827,000 29,728,000 4,509,000 4,568,000
Total Current Liabilities 70,689,000 164,731,000 93,461,000 111,258,000
Long Term Debt 2,964,000 41,981,000 395,514,000 301,014,000
Total Liabilities 120,688,000 215,316,000 553,197,000 462,624,000
Shareholders Equity
Retained Earnings 118,270,000 100,397,000 -12,944,000 -23,582,000
Total Shareholders Equity 389,583,000 379,735,000 236,747,000 218,379,000
Balance Sheet (Annual) 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Assets
Cash and Cash Equivalents 66,672,000 86,541,000 3,112,000 3,490,000 3,641,000
Short Term Investments 0 0 0 0 0
Net Receivables 58,467,000 56,183,000 65,110,000 53,334,000 38,500,000
Inventory 0 2,423,000 4,138,000 4,121,000 0
Total Current Assets 137,625,000 153,393,000 85,544,000 83,809,000 58,123,000
Property Plant Equipment 11,758,000 17,631,000 26,230,000 23,348,000 20,381,000
Goodwill and Intangibles 432,580,000 502,086,000 699,092,000 601,899,000 463,949,000
Total Assets 638,411,000 730,675,000 881,493,000 770,312,000 651,800,000
Liabilities
Account Payables 6,248,000 5,370,000 11,064,000 9,342,000 7,865,000
Short Term Debt 1,827,000 29,728,000 4,509,000 4,568,000 9,603,000
Total Current Liabilities 70,689,000 164,731,000 93,461,000 111,258,000 96,511,000
Long Term Debt 2,964,000 41,981,000 395,514,000 301,014,000 11,960,000
Total Liabilities 120,688,000 215,316,000 553,197,000 462,624,000 362,209,000
Shareholders Equity
Retained Earnings 118,270,000 100,397,000 -12,944,000 -23,582,000 -6,480,000
Total Shareholders Equity 389,583,000 379,735,000 236,747,000 218,379,000 289,591,000
Cash Flow Statement (Quarterly) 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Activities
Net Income 17,873,000 175,130,000 -1,841,000 -23,217,000
Depreciation & Amortization 29,840,000 37,445,000 28,142,000 29,424,000
Stock Based Compensation 18,344,000 26,338,000 27,878,000 26,230,000
Change in Working Capital 0 17,159,000 5,935,000 -6,680,000
Operating Cash Flow 5,694,000 48,409,000 34,503,000 45,846,000
Investing Activities
Capital Expenditure 0 -2,964,000 -16,375,000 -12,448,000
Investments 0 0 -16,375,000 -12,448,000
Investing Cash Flow 76,456,000 396,150,000 -121,520,000 -113,045,000
Financing Activities
Debt Repayment 0 -360,038,000 -281,534,000 -255,100,000
Common Stock Issued/Repurchased 0 -527,000 -310,000 17,049,000
Dividends Paid 0 0 0 -643,000
Financing Cash Flow 0 -367,362,000 75,652,000 73,033,000
Summary
Free Cash Flow 5,694,000 45,445,000 18,128,000 33,398,000
Net Change in Cash 1,536,000 77,197,000 -35,130,000 5,834,000
Cash Flow Statement (Annual) 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Operating Activities
Net Income 17,873,000 175,130,000 -1,841,000 -23,217,000 -4,457,000
Depreciation & Amortization 29,840,000 37,445,000 28,142,000 29,424,000 24,418,000
Stock Based Compensation 18,344,000 26,338,000 27,878,000 26,230,000 0
Change in Working Capital 0 17,159,000 5,935,000 -6,680,000 -991,000
Operating Cash Flow 5,694,000 48,409,000 34,503,000 45,846,000 0
Investing Activities
Capital Expenditure 0 -2,964,000 -16,375,000 -12,448,000 47,273,000
Investments 0 0 -16,375,000 -12,448,000 5,902,000
Investing Cash Flow 76,456,000 396,150,000 -121,520,000 -113,045,000 5,902,000
Financing Activities
Debt Repayment 0 -360,038,000 -281,534,000 -255,100,000 0
Common Stock Issued/Repurchased 0 -527,000 -310,000 17,049,000 2,000
Dividends Paid 0 0 0 -643,000 0
Financing Cash Flow 0 -367,362,000 75,652,000 73,033,000 0
Summary
Free Cash Flow 5,694,000 45,445,000 18,128,000 33,398,000 47,273,000
Net Change in Cash 1,536,000 77,197,000 -35,130,000 5,834,000 0