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)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0433,9773,6093,4909,0466,340
Cash and cash equivalents5,0433,9773,6093,4909,0466,340
Receivables5,1065,1175,1174,93043,65342,585
Inventory, net of allowances, customer advances and progress billings4,5374,7324,9604,1214,0873,909
Inventory4,5374,7324,9604,1214,0873,909
Prepaid expense1,1269801,487736352890
Other current assets1,4754,6254,2823,9154,3342,925
Other undisclosed current assets79,38770,41371,72666,61711,67614,798
Total current assets:96,67489,84491,18183,80973,14871,447
Noncurrent Assets
Operating lease, right-of-use asset14,88515,46017,27217,67818,79019,892
Property, plant and equipment12,12312,20611,8285,6705,4185,625
Intangible assets, net (including goodwill)633,630638,654626,015549,558554,336552,597
Goodwill409,042409,042398,798353,639353,882349,454
Intangible assets, net (excluding goodwill)224,588229,612227,217195,919200,454203,143
Restricted cash and investments4,36611,1718,94412,73514,70513,701
Deferred income tax assets42,71544,78343,78843,45851,69848,764
Other noncurrent assets5,9725,7945,5905,06310,5659,717
Other undisclosed noncurrent assets65,45965,11464,83152,34151,76450,913
Total noncurrent assets:779,150793,182778,268686,503707,276701,209
TOTAL ASSETS:875,824883,026869,449770,312780,424772,656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,80163,32359,38183,47487,89187,987
Settlement liabilities7,5406,3657,272
Interest and dividends payable642829
Employee-related liabilities8,1178,731
Accounts payable8,2967,9168,4149,3428,0839,331
Accrued liabilities46,50555,40750,96757,83363,88371,384
Deferred revenue26,79233,54237,38131,97522,64130,088
Other undisclosed current liabilities15,39111,81516,510(4,191)(4,936)4,680
Total current liabilities:96,984108,680113,272111,258105,596122,755
Noncurrent Liabilities
Long-term debt and lease obligation389,569385,467377,206301,014322,948303,409
Long-term debt, excluding current maturities389,569385,467377,206287,020307,927287,385
Liabilities, other than long-term debt35,43536,17434,7029,54021,52219,504
Other liabilities24,15124,41721,2899,54021,52219,504
Operating lease, liability11,28411,75713,41313,99415,02116,024
Other undisclosed noncurrent liabilities40,89440,89440,81140,81239,86639,493
Total noncurrent liabilities:465,898462,535452,719351,366384,336362,406
Total liabilities:562,882571,215565,991462,624489,932485,161
Equity
Equity, attributable to parent, including:222,428222,108215,646218,379206,163203,823
Additional paid in capital239,917234,442228,016241,958226,269220,201
Accumulated deficit(17,492)(12,337)(12,373)(23,582)(20,109)(16,381)
Other undisclosed equity, attributable to parent333333
Equity, attributable to noncontrolling interest90,51489,70387,81289,30984,32983,672
Total equity:312,942311,811303,458307,688290,492287,495
TOTAL LIABILITIES AND EQUITY:875,824883,026869,449770,312780,424772,656

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues93,93193,87286,02985,25080,55378,120
Cost of revenue(35,873)(31,224)(29,188)(27,119)(35,509)(35,581)
Other cost of operating revenue(20,532)(19,930)(19,069)(20,477)(19,749)(16,631)
Other undisclosed gross profit26,87822,12320,44017,21126,41727,439
Gross profit:84,93684,77177,28175,34271,46169,978
Operating expenses(55,426)(57,204)(51,003)(50,912)(47,775)(48,716)
Other undisclosed operating loss(26,878)(22,123)(20,440)(17,211)(26,417)(27,439)
Operating income (loss):2,6325,4445,8387,219(2,731)(6,177)
Nonoperating expense(6,633)(6,199)(5,287)(5,468)(3,767)(3,377)
Other nonoperating income (expense)92 203   
Income (loss) from continuing operations before income taxes:(4,001)(755)5511,751(6,498)(9,554)
Income tax expense (benefit)(2,077)563(382)(6,161)1,810(884)
Income (loss) from continuing operations:(6,078)(192)169(4,410)(4,688)(10,438)
Loss before gain (loss) on sale of properties:(4,410)(4,688)(10,438)
Net income (loss):(6,078)(192)169(4,410)(4,688)(10,438)
Net income (loss) attributable to noncontrolling interest923228(409)9379603,065
Net income (loss) available to common stockholders, diluted:(5,155)36(240)(3,473)(3,728)(7,373)

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income (loss):(6,078)(192)169(4,410)(4,688)(10,438)
Comprehensive income (loss):(6,078)(192)169(4,410)(4,688)(10,438)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest923228(409)9379603,065
Comprehensive income (loss), net of tax, attributable to parent:(5,155)36(240)(3,473)(3,728)(7,373)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: