← i3 Verticals, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $262.6m |
$323.5m
+23.21%
|
$376.3m
+16.32%
|
$150.1m
-60.10%
|
$224.1m
+49.28%
|
$317.9m
+41.82%
|
$370.2m
+16.48%
|
$229.9m
-37.90%
|
$213.2m
-7.29%
|
$218.2m
+2.35%
|
|
| Cost of Revenue | $189.1m |
$214.5m
+13.45%
|
$242.9m
+13.20%
|
$0
-100.00%
|
$0 | — | — | — | — | $68.7m | |
| Gross Profit | $73.5m |
$109.0m
+48.33%
|
$133.4m
+22.46%
|
$150.1m
+12.51%
|
$224.1m
+49.28%
|
— | — | — | — | $149.4m | |
| Selling, general and administrative | $27.2m | $40.6m | $62.9m | $78.3m | $134.9m | $193.8m | $219.7m | $176.4m | $114.7m | $113.8m | |
| Total operating expenses | $255.0m | $311.1m | $369.9m | $142.4m | $224.1m | $320.3m | $347.5m | $223.1m | $209.4m | $211.5m | |
| Interest expense | — | — | — | — | — | $14.8m | $25.1m | $29.3m | $2.3m | $3.7m | |
| Other income | $0 | $0 | $0 | $2.6m | ($2.6m) | $991k | $1.4m | ($3.4m) | ($9.4m) | — | |
| Total other expenses | $6.5m | $17.0m | $6.0m | $11.5m | $7.2m | $15.8m | $26.6m | $25.9m | ($7.1m) | — | |
| 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 from discontinued operations, net of income taxes | — | — | — | — | — | $15.8m | $21.0m | $188.5m | $20.9m | — | |
| Net income (loss) from continuing operations | — | — | — | — | — | ($39.1m) | ($23.7m) | ($13.3m) | $5.6m | $8.5m | |
| Net income (loss) | $902k |
($5.0m)
-650.00%
|
$563k
+111.35%
|
($979k)
-273.89%
|
($7.8m)
-700.72%
|
($23.2m)
-196.17%
|
($2.7m)
+88.58%
|
$175.1m
+6703.70%
|
$26.5m
-84.87%
|
$8.5m
-67.86%
|
|
| Net income (loss) from continuing operations attributable to non-controlling interest | — | — | — | — | — | ($11.8m) | ($7.9m) | ($4.4m) | $2.0m | $8.5m | |
| Net income from discontinued operations attributable to non-controlling interest | — | — | — | — | — | $5.7m | $6.0m | $66.2m | $6.6m | — | |
| Net income (loss) attributable to non-controlling interest | $0 | $1.9m | $3.6m | ($560k) | ($3.4m) | ($6.1m) | ($1.8m) | $61.8m | $8.6m | $8.5m | |
| Net income (loss) from continuing operations attributable to i3 Verticals, Inc. | — | — | — | — | — | ($27.2m) | ($15.8m) | ($8.9m) | $3.6m | $8.5m | |
| Net income from discontinued operations attributable to i3 Verticals, Inc. | — | — | — | — | — | $10.1m | $15.0m | $122.3m | $14.2m | — | |
| Net income (loss) attributable to i3 Verticals, Inc. | $902k | ($6.9m) | ($3.0m) | ($419k) | ($4.5m) | ($17.1m) | ($811k) | $113.3m | $17.9m | $8.5m | |
| 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 | — | |
| 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 | — | |
| 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 | — | |
| Depreciation and amortization | $10.1m | $11.8m | $16.6m | $18.2m | $24.4m | $29.4m | $36.5m | $28.8m | $27.9m | $29.0m | |
| 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
+62.64%
|
$6.4m
-48.31%
|
$7.8m
+21.64%
|
($12k)
-100.15%
|
($2.4m)
-20266.67%
|
$22.7m
+1029.17%
|
$6.9m
-69.82%
|
$3.8m
-44.89%
|
$6.7m
+76.60%
|