i3 Verticals Inc. (IIIV) Financial Statements (2024 and earlier)

Company Profile

Business Address 40 BURTON HILLS BLVD.
NASHVILLE, TN 37215
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1123,4903,64115,5681,119572
Cash and cash equivalents3,1123,4903,64115,5681,119572
Receivables44,93038,50017,53815,33512,500
Inventory, net of allowances, customer advances and progress billings4,1384,1212,2201,309 930
Inventory4,1384,1212,2201,309 930
Prepaid expense6977361,074   
Other current assets4,4953,9153,274   
Other undisclosed current assets73,09866,6179,4143,5604,1172,563
Total current assets:85,54483,80958,12337,97520,57116,565
Noncurrent Assets
Operating lease, right-of-use asset13,92217,67814,479  
Property, plant and equipment12,3085,6705,9025,3395,0262,958
Intangible assets, net (including goodwill)636,515549,558463,949296,238275,703149,977
Goodwill409,563353,639292,243187,005168,28483,954
Intangible assets, net (excluding goodwill)226,952195,919171,706109,233107,41966,023
Restricted cash and investments4,41512,7359,5225,0332,081665
Deferred income tax assets52,51443,45849,99236,755 
Other noncurrent assets13,6985,0638,4625,1972,3291,605
Other undisclosed noncurrent assets62,57752,34141,37116,98943,5923,372
Total noncurrent assets:795,949686,503593,677365,551328,731158,577
TOTAL ASSETS:881,493770,312651,800403,526349,302175,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,80483,47463,44827,90924,99816,515
Settlement liabilities7,5404,768  863
Interest and dividends payable642    
Employee-related liabilities8,117    
Accounts payable11,0649,3427,8653,8453,4384,114
Accrued liabilities37,74057,83350,81524,06421,56011,538
Deferred revenue35,27531,97529,86210,986 
Debt     5,000
Other undisclosed current liabilities9,382(4,191)3,201 10,2374,927
Total current liabilities:93,461111,25896,51138,89535,23526,442
Noncurrent Liabilities
Long-term debt and lease obligation385,081301,014212,56590,758139,29831,776
Long-term debt, excluding current maturities385,081287,020200,60590,758139,29831,776
Liabilities, other than long-term debt34,5769,54014,0116,1409,1244,726
Other liabilities24,1439,54014,0116,1409,1244,726
Operating lease, liability10,43313,99411,960  
Other undisclosed noncurrent liabilities40,07940,81239,12227,56523,204 
Total noncurrent liabilities:459,736351,366265,698124,463171,62636,502
Total liabilities:553,197462,624362,209163,358206,86162,944
Equity
Equity, attributable to parent, including:236,747218,379204,760155,57880,07339,301
Additional paid in capital249,688241,958211,237157,59882,38038,562
Retained earnings (accumulated deficit)(12,944)(23,582)(6,480)(2,023)(2,309)736
Other undisclosed equity, attributable to parent333323
Equity, attributable to noncontrolling interest91,54989,30984,83184,59062,36872,897
Total equity:328,296307,688289,591240,168142,441112,198
TOTAL LIABILITIES AND EQUITY:881,493770,312651,800403,526349,302175,142

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues370,239317,862224,124150,134376,307323,508
Cost of revenue(127,794)(126,516)(89,264)(64,038)(307,057)(270,562)
Cost of goods and services sold     (242,867)(214,543)
Other cost of operating revenue(80,552)(73,367)(57,706)(47,230)(44,237)(40,314)
Other undisclosed gross profit90,88491,38460,47637,25637,61630,234
Gross profit:333,329282,730195,336123,352106,86683,180
Operating expenses(219,736)(193,790)(134,872)(78,323)(62,860)(40,585)
Other undisclosed operating loss(90,884)(91,384)(60,476)(37,256)(37,616)(30,234)
Operating income (loss):22,709(2,444)(12)7,7736,39012,361
Nonoperating expense(26,564)(15,766)(7,204)(11,547)(6,004)(16,985)
Other nonoperating income (expense)(1,436)(991)2,595(2,621)  
Interest and debt expense    (2,297)(152)(1,072)
Income (loss) from continuing operations before equity method investments, income taxes:(3,855)(18,210)(7,216)(6,071)234(5,696)
Other undisclosed income from continuing operations before income taxes    2,2971521,072
Income (loss) from continuing operations before income taxes:(3,855)(18,210)(7,216)(3,774)386(4,624)
Income tax expense (benefit)1,203(5,007)(623)2,795177(337)
Income (loss) from continuing operations:(2,652)(23,217)(7,839)(979)563(4,961)
Income (loss) before gain (loss) on sale of properties:(23,217)(7,839)(979)563(4,961)
Net income (loss):(2,652)(23,217)(7,839)(979)563(4,961)
Net income (loss) attributable to noncontrolling interest1,8416,1153,382560(3,608)(1,937)
Net income (loss) available to common stockholders, diluted:(811)(17,102)(4,457)(419)(3,045)(6,898)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(2,652)(23,217)(7,839)(979)563(4,961)
Comprehensive income (loss):(2,652)(23,217)(7,839)(979)563(4,961)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,8416,1153,382560(3,608)(1,937)
Comprehensive income (loss), net of tax, attributable to parent:(811)(17,102)(4,457)(419)(3,045)(6,898)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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