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	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	248.27	229.92	226.72	187.75	224.12	150.13
Revenue Growth (YoY)	25.08%	1.41%	20.76%	-16.23%	49.28%	-60.10%
Cost of Revenue	23.04	18.57	15.36	12.83	57.71	47.23
Gross Profit	225.23	211.35	211.37	174.92	166.42	102.9
Selling, General & Admin	183.43	173.23	175.75	154.57	132.99	77.78
Operating Expenses	214.28	202.03	202.19	173.9	157.4	95.99
Operating Income	10.95	9.33	9.18	1.02	9.02	6.91
Interest Expense	-8.89	-29.26	-25.13	-14.78	-9.8	-8.93
Other Non Operating Income (Expenses)	4.07	1	0.93	-0.99	0.5	-0.32
EBT Excluding Unusual Items	7.33	-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	2.82	3.09	-10.77	-22.06	-7.14	-0.89
Pretax Income	7.59	-19.01	-27.47	-38.91	-7.22	-3.77
Income Tax Expense	-5.55	-5.67	-3.79	0.15	0.62	-2.8
Earnings From Continuing Operations	13.14	-13.35	-23.69	-39.06	-7.84	-0.98
Earnings From Discontinued Operations	187.71	188.48	21.03	15.84	-	-
Net Income to Company	200.85	175.13	-2.65	-23.22	-7.84	-0.98
Minority Interest in Earnings	-68.15	-61.79	1.84	6.12	3.38	0.56
Net Income	132.69	113.34	-0.81	-17.1	-4.46	-0.42
Net Income to Common	132.69	113.34	-0.81	-17.1	-4.46	-0.42
Shares Outstanding (Basic)	24	23	23	22	21	15
Shares Outstanding (Diluted)	25	23	23	22	32	27
Shares Change (YoY)	5.23%	1.22%	3.99%	-29.84%	15.62%	161.46%
EPS (Basic)	5.56	4.84	-0.04	-0.77	-0.21	-0.03
EPS (Diluted)	5.56	4.84	-0.04	-0.77	-0.22	-0.03
Free Cash Flow	4.82	45.45	32.97	41.49	42.6	20.81
Free Cash Flow Per Share	0.20	1.94	1.43	1.86	1.34	0.76
Gross Margin	90.72%	91.92%	93.23%	93.16%	74.25%	68.54%
Operating Margin	4.41%	4.06%	4.05%	0.55%	4.02%	4.60%
Profit Margin	53.45%	49.30%	-0.36%	-9.11%	-1.99%	-0.28%
Free Cash Flow Margin	1.94%	19.77%	14.54%	22.10%	19.00%	13.86%
EBITDA	36.9	33.23	34.49	22.59	27.16	21.15
EBITDA Margin	14.86%	14.45%	15.21%	12.03%	12.12%	14.09%
D&A For EBITDA	25.95	23.9	25.31	21.57	18.14	14.24
EBIT	10.95	9.33	9.18	1.02	9.02	6.91
EBIT Margin	4.41%	4.06%	4.05%	0.55%	4.02%	4.60%
Advertising Expenses	-	2.54	3.24	3.33	2.62	1.81

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q