i3 Verticals Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	37.52	66.67	86.53	3.11	3.49	3.64
Cash & Short-Term Investments	37.52	66.67	86.53	3.11	3.49	3.64
Cash Growth	-56.14%	-22.95%	2686.63%	-11.03%	-4.15%	-76.61%
Accounts Receivable	47.81	58.47	50.78	50.79	53.33	38.5
Receivables	48.01	58.66	50.97	50.79	58.26	38.5
Inventory	3.02	2.52	2.42	2.04	4.12	2.22
Prepaid Expenses	7.15	6.1	5.14	3.79	6.48	5.72
Other Current Assets	4.69	3.68	8.33	25.82	11.46	8.04
Total Current Assets	100.39	137.63	153.39	85.54	83.81	58.12
Property, Plant & Equipment	10.79	11.76	14.62	21.87	23.35	20.38
Goodwill	248.47	248.47	242.99	267.98	353.64	292.24
Other Intangible Assets	179.87	184.11	194.73	221.21	248.26	213.08
Long-Term Deferred Tax Assets	48.38	49.06	48.45	52.51	43.46	49.99
Long-Term Deferred Charges	1.57	1.41	0.86	0.63	4.18	-
Other Long-Term Assets	6.47	5.98	75.64	234.47	13.42	13.29
Total Assets	595.93	638.41	730.68	884.42	770.31	651.8
Accounts Payable	4.11	6.25	4.89	6.37	9.34	7.87
Accrued Expenses	14.08	18.5	44.57	19.26	11.59	9.04
Current Portion of Long-Term Debt	-	-	26.22	-	-	-
Current Portion of Leases	1.81	1.83	2.31	3.66	4.57	3.2
Current Income Taxes Payable	0.83	2.76	30.53	3.15	-	-
Current Unearned Revenue	34.2	37.68	38.36	32.79	31.98	29.86
Other Current Liabilities	7.23	3.67	17.86	28.24	53.79	46.55
Total Current Liabilities	62.26	70.69	164.73	93.46	111.26	96.51
Long-Term Debt	-	-	-	388.01	287.02	200.61
Long-Term Leases	2.79	2.96	4.89	8.97	13.99	11.96
Long-Term Unearned Revenue	3.42	-	-	-	-	-
Long-Term Deferred Tax Liabilities	8.24	8.99	11.4	18.61	7.9	3.28
Other Long-Term Liabilities	35.88	38.04	34.29	47.08	42.46	49.85
Total Liabilities	112.59	120.69	215.32	556.12	462.62	362.21
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	239.75	271.31	279.34	249.69	241.96	211.24
Retained Earnings	118.75	118.27	100.4	-12.94	-23.58	-6.48
Total Common Equity	358.51	389.58	379.74	236.75	218.38	204.76
Minority Interest	124.84	128.14	135.62	91.55	89.31	84.83
Shareholders' Equity	483.34	517.72	515.36	328.3	307.69	289.59
Total Liabilities & Equity	595.93	638.41	730.68	884.42	770.31	651.8
Total Debt	4.6	4.79	33.42	400.63	305.58	215.77
Net Cash (Debt)	32.93	61.88	53.11	-397.53	-302.09	-212.13
Net Cash Growth	-34.88%	16.52%	-	-	-	-
Net Cash Per Share	1.03	1.81	2.27	-17.18	-13.58	-6.69
Filing Date Shares Outstanding	22.09	23.97	23.51	23.25	23	22.04
Total Common Shares Outstanding	22.61	23.98	23.88	23.25	22.99	22.03
Working Capital	38.13	66.94	-11.34	-7.92	-27.45	-38.39
Book Value Per Share	15.86	16.24	15.90	10.18	9.50	9.30
Tangible Book Value	-69.83	-43	-57.98	-252.44	-383.52	-300.56
Tangible Book Value Per Share	-3.09	-1.79	-2.43	-10.86	-16.68	-13.65
Buildings	-	2.74	3.72	4.71	-	-
Machinery	-	7.87	8.3	7.68	6.97	6.76
Leasehold Improvements	-	1.29	2.26	2.32	2.95	2.79

Source: S&P Global Market Intelligence. Standard template. Financial Sources.