i3 Verticals, Inc. (IIIV)

i3 Verticals Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue	213.16	191.23	189.68	187.75	224.12
Revenue Growth (YoY)	11.47%	0.82%	1.03%	-16.23%	49.28%
Cost of Revenue	66.59	60.52	54.81	12.83	57.71
Gross Profit	146.57	130.72	134.87	174.92	166.42
Selling, General & Admin	115.9	100.49	105.78	154.57	132.99
Operating Expenses	143.8	126.04	129.1	173.9	157.4
Operating Income	2.78	4.67	5.77	1.02	9.02
Interest Expense	-2.3	-29.26	-25.13	-14.78	-9.8
Other Non Operating Income (Expenses)	9.41	1	0.93	-0.99	0.5
EBT Excluding Unusual Items	9.88	-23.59	-18.43	-14.74	-0.29
Merger & Restructuring Charges	-0.1	-0.29	-0.2	-2.1	-1.89
Gain (Loss) on Sale of Investments	-	-	0.3	-	2.1
Gain (Loss) on Sale of Assets	1.33	-	-	-	-
Other Unusual Items	-0.23	2.38	-9.98	-22.06	-7.14
Pretax Income	10.88	-21.51	-28.32	-38.91	-7.22
Income Tax Expense	5.27	-5.47	-3.51	0.15	0.62
Earnings From Continuing Operations	5.62	-16.05	-24.81	-39.06	-7.84
Earnings From Discontinued Operations	14.25	124.2	15.81	15.84	-
Net Income to Company	19.86	108.15	-9	-23.22	-7.84
Minority Interest in Earnings	-1.99	5.19	8.19	6.12	3.38
Net Income	17.87	113.34	-0.81	-17.1	-4.46
Net Income to Common	17.87	113.34	-0.81	-17.1	-4.46
Net Income Growth	-84.23%	-	-	-	-
Shares Outstanding (Basic)	24	23	23	22	21
Shares Outstanding (Diluted)	34	23	23	22	32
Shares Change (YoY)	45.97%	1.22%	3.99%	-29.84%	15.62%
EPS (Basic)	0.75	4.84	-0.04	-0.77	-0.21
EPS (Diluted)	0.56	4.84	-0.04	-0.77	-0.22
EPS Growth	-88.50%	-	-	-	-
Free Cash Flow	3.75	45.45	32.97	41.49	42.6
Free Cash Flow Per Share	0.11	1.94	1.43	1.86	1.34
Gross Margin	68.76%	68.35%	71.10%	93.16%	74.25%
Operating Margin	1.30%	2.44%	3.04%	0.55%	4.02%
Profit Margin	8.38%	59.27%	-0.43%	-9.11%	-1.99%
Free Cash Flow Margin	1.76%	23.76%	17.38%	22.10%	19.00%
EBITDA	18.63	29.86	32.27	22.59	27.16
EBITDA Margin	8.74%	15.61%	17.01%	12.03%	12.12%
D&A For EBITDA	15.86	25.18	26.5	21.57	18.14
EBIT	2.78	4.67	5.77	1.02	9.02
EBIT Margin	1.30%	2.44%	3.04%	0.55%	4.02%
Effective Tax Rate	48.38%	-	-	-	-
Advertising Expenses	2.48	2.38	3.17	3.33	2.62

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

SEC Filings: 10-K · 10-Q