i3 Verticals, Inc. (IIIV)

i3 Verticals Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	241.65	229.92	226.72	187.75	224.12	150.13
Revenue Growth (YoY)	5.59%	1.41%	20.76%	-16.23%	49.28%	-60.10%
Cost of Revenue	21.07	18.57	15.36	12.83	57.71	47.23
Gross Profit	220.58	211.35	211.37	174.92	166.42	102.9
Selling, General & Admin	176.21	173.23	175.75	154.57	132.99	77.78
Operating Expenses	206.28	202.03	202.19	173.9	157.4	95.99
Operating Income	14.3	9.33	9.18	1.02	9.02	6.91
Interest Expense	-15.99	-29.26	-25.13	-14.78	-9.8	-8.93
Other Non Operating Income (Expenses)	2.06	1	0.93	-0.99	0.5	-0.32
EBT Excluding Unusual Items	1.28	-18.94	-15.02	-14.74	-0.29	-2.34
Merger & Restructuring Charges	-3.16	-3.16	-1.98	-2.1	-1.89	-0.55
Gain (Loss) on Sale of Investments	-	-	0.3	-	2.1	-
Other Unusual Items	-1.46	3.09	-10.77	-22.06	-7.14	-0.89
Pretax Income	-2.74	-19.01	-27.47	-38.91	-7.22	-3.77
Income Tax Expense	-0.33	-5.67	-3.79	0.15	0.62	-2.8
Earnings From Continuing Operations	-2.41	-13.35	-23.69	-39.06	-7.84	-0.98
Earnings From Discontinued Operations	180.54	188.48	21.03	15.84	-	-
Net Income to Company	178.13	175.13	-2.65	-23.22	-7.84	-0.98
Minority Interest in Earnings	-65.86	-61.79	1.84	6.12	3.38	0.56
Net Income	112.27	113.34	-0.81	-17.1	-4.46	-0.42
Net Income to Common	112.27	113.34	-0.81	-17.1	-4.46	-0.42
Shares Outstanding (Basic)	24	23	23	22	21	15
Shares Outstanding (Diluted)	24	23	23	22	32	27
Shares Change (YoY)	0.63%	1.22%	3.99%	-29.84%	15.62%	161.46%
EPS (Basic)	4.75	4.84	-0.04	-0.77	-0.21	-0.03
EPS (Diluted)	4.75	4.84	-0.04	-0.77	-0.22	-0.03
Free Cash Flow	5.24	45.45	32.97	41.49	42.6	20.81
Free Cash Flow Per Share	0.22	1.94	1.43	1.86	1.34	0.76
Gross Margin	91.28%	91.92%	93.23%	93.16%	74.25%	68.54%
Operating Margin	5.92%	4.06%	4.05%	0.55%	4.02%	4.60%
Profit Margin	46.46%	49.30%	-0.36%	-9.11%	-1.99%	-0.28%
Free Cash Flow Margin	2.17%	19.77%	14.54%	22.10%	19.00%	13.86%
EBITDA	39.48	33.23	34.49	22.59	27.16	21.15
EBITDA Margin	16.34%	14.45%	15.21%	12.03%	12.12%	14.09%
D&A For EBITDA	25.18	23.9	25.31	21.57	18.14	14.24
EBIT	14.3	9.33	9.18	1.02	9.02	6.91
EBIT Margin	5.92%	4.06%	4.05%	0.55%	4.02%	4.60%
Advertising Expenses	-	2.54	3.24	3.33	2.62	1.81

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q