i3 Verticals, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $262.6m $323.5m $376.3m $150.1m $224.1m $317.9m $370.2m $229.9m $213.2m
Selling, general and administrative $27.2m $40.6m $62.9m $78.3m $134.9m $193.8m $219.7m $176.4m $114.7m
Total operating expenses $255.0m $311.1m $369.9m $142.4m $224.1m $320.3m $347.5m $223.1m $209.4m
Depreciation and amortization $10.1m $11.8m $16.6m $18.2m $24.4m $29.4m $36.5m $28.8m $27.9m
Change in fair value of contingent consideration ($218k) $3.9m $3.4m ($1.4m) $7.1m $23.7m $10.8m ($690k) $234k
Income (loss) from operations $7.6m $12.4m $6.4m $7.8m ($12k) ($2.4m) $22.7m $6.9m $3.8m
Other income $0 $0 $0 $2.6m ($2.6m) $991k $1.4m ($3.4m) ($9.4m)
Income (loss) before income taxes $1.1m ($4.6m) $386k ($3.8m) ($7.2m) ($18.2m) ($3.9m) ($19.0m) $10.9m
(Benefit from) provision for income taxes $177k $337k ($177k) ($2.8m) $623k $5.0m ($1.2m) ($5.7m) $5.3m
Net income (loss) from continuing operations ($39.1m) ($23.7m) ($13.3m) $5.6m
Net income from discontinued operations, net of income taxes $15.8m $21.0m $188.5m $20.9m
Net income (loss) from continuing operations attributable to non-controlling interest ($11.8m) ($7.9m) ($4.4m) $2.0m
Net income from discontinued operations attributable to non-controlling interest $5.7m $6.0m $66.2m $6.6m
Net income (loss) from continuing operations attributable to i3 Verticals, Inc. ($27.2m) ($15.8m) ($8.9m) $3.6m
Net income from discontinued operations attributable to i3 Verticals, Inc. $10.1m $15.0m $122.3m $14.2m
Basic for continuing and discontinued operations (in shares) $8.8m $10.5m $14.8m $21.0m $22.2m $23.1m $46.8m $23.9m
Diluted for continuing and discontinued operations (in shares) diluted (in shares) $26.9m $10.5m $27.4m $31.7m $22.2m $33.2m $57.3m $34.2m
Net income (loss) $902k ($5.0m) $563k ($979k) ($7.8m) ($23.2m) ($2.7m) $175.1m $26.5m
Net income (loss) attributable to non-controlling interest $0 $1.9m $3.6m ($560k) ($3.4m) ($6.1m) ($1.8m) $61.8m $8.6m
Net income (loss) attributable to i3 Verticals, Inc. $902k ($6.9m) ($3.0m) ($419k) ($4.5m) ($17.1m) ($811k) $113.3m $17.9m
Basic (in USD per share) $0.08 ($0.29) ($0.03) ($0.21) ($0.77) ($0.04) $5.22 $0.60
Diluted (in USD per share) $0.08 ($0.29) ($0.03) ($0.22) ($0.77) ($0.07) $5.09 $0.56
Other costs of services (excluding depreciation and amortization) $28.8m $40.3m $44.2m $47.2m $57.7m $73.4m $80.6m $18.6m $66.6m
Interest expense $14.8m $25.1m $29.3m $2.3m
Total other expenses $6.5m $17.0m $6.0m $11.5m $7.2m $15.8m $26.6m $25.9m ($7.1m)