i3 Verticals Inc (IIIV)

Name: i3 Verticals Inc Financial Statements
Creator: Quarter Results

Technology | Software Infrastructure

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$52.7M

Net Income

$484K

Operating Margin

2.4%

Free Cash Flow

$3.8M

Debt / Assets

18.9%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for i3 Verticals Inc (IIIV).
Income Statement (Quarterly)	2025-12-31	2025-03-31	2024-12-31	2024-09-30
Revenue	52,671,000	63,059,000	61,691,000	60,864,000
Cost of Revenue	24,447,000	22,187,000	21,031,000	5,033,000
Gross Profit	28,224,000	40,872,000	40,660,000	55,831,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	26,989,000	28,687,000	28,900,000	44,842,000
Operating Expenses	26,968,000	36,908,000	37,961,000	52,277,000
Operating Income	1,256,000	3,964,000	2,699,000	3,554,000
Interest Expense	381,000	446,000	680,000	6,956,000
Income Before Tax	1,789,000	4,149,000	3,845,000	-2,157,000
Income Tax Expense	704,000	3,054,000	523,000	-9,175,000
Net Income	484,000	-154,000	2,056,000	117,910,000
Per Share
EPS	0.02	-0.01	0.08	4.98
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for i3 Verticals Inc (IIIV).
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	-0.34	4.84	-0.04	-1.04	-0.21
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for i3 Verticals Inc (IIIV).
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	2,516,000	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	5,928,000	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 history for i3 Verticals Inc (IIIV).
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	2,516,000	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	5,928,000	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 quarterly history for i3 Verticals Inc (IIIV).
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	-53,456,000	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	-1,941,000	-2,964,000	-16,375,000	-12,448,000
Investments	-10,135,000	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	-26,479,000	-360,038,000	-281,534,000	-255,100,000
Common Stock Issued/Repurchased	-37,304,000	-527,000	-310,000	17,049,000
Dividends Paid	0	0	0	-643,000
Financing Cash Flow	-104,414,000	-367,362,000	75,652,000	73,033,000
Summary
Free Cash Flow	3,753,000	45,445,000	18,128,000	33,398,000
Net Change in Cash	-19,853,000	77,197,000	-35,130,000	5,834,000

Cash flow annual history for i3 Verticals Inc (IIIV).
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	-53,456,000	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	-1,941,000	-2,964,000	-16,375,000	-12,448,000	47,273,000
Investments	-10,135,000	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	-26,479,000	-360,038,000	-281,534,000	-255,100,000	0
Common Stock Issued/Repurchased	-37,304,000	-527,000	-310,000	17,049,000	2,000
Dividends Paid	0	0	0	-643,000	0
Financing Cash Flow	-104,414,000	-367,362,000	75,652,000	73,033,000	0
Summary
Free Cash Flow	3,753,000	45,445,000	18,128,000	33,398,000	47,273,000
Net Change in Cash	-19,853,000	77,197,000	-35,130,000	5,834,000	0