| i3 Verticals, Inc. (IIIV) |
| Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 | Q4-CY2013 |
| Balance Sheet Date | | 2025-Sep-30 | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | 2024-Sep-30 | 2024-Jun-30 | 2024-Mar-31 | 2023-Dec-31 | 2023-Sep-30 | 2023-Jun-30 | 2023-Mar-31 | 2022-Dec-31 | 2022-Sep-30 | 2022-Jun-30 | 2022-Mar-31 | 2021-Dec-31 | 2021-Sep-30 | 2021-Jun-30 | 2021-Mar-31 | 2020-Dec-31 | 2020-Sep-30 | 2020-Jun-30 | 2020-Mar-31 | 2019-Dec-31 | 2019-Sep-30 | 2019-Jun-30 | 2019-Mar-31 | 2018-Dec-31 | 2018-Sep-30 | 2018-Jun-30 | | | | | | | | | | | | | | | | | | |
| Fiscal Period | | Q4-FY2025 | Q3-FY2025 | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | Q3-FY2024 | Q2-FY2024 | Q1-FY2024 | Q4-FY2023 | Q3-FY2023 | Q2-FY2023 | Q1-FY2023 | Q4-FY2022 | Q3-FY2022 | Q2-FY2022 | Q1-FY2022 | Q4-FY2021 | Q3-FY2021 | Q2-FY2021 | Q1-FY2021 | Q4-FY2020 | Q3-FY2020 | Q2-FY2020 | Q1-FY2020 | Q4-FY2019 | Q3-FY2019 | Q2-FY2019 | Q1-FY2019 | Q4-FY2018 | Q3-FY2018 | | | | | | | | | | | | | | | | | | |
| Total Revenue | | 54,901,000$ | 51,901,000$ | 63,059,000$ | 61,691,000$ | 51,323,000$ | 46,183,000$ | 57,968,000$ | 55,054,000$ | 58,584,000$ | 57,260,000$ | 93,872,000$ | 86,029,000$ | (4,477,000$) | 80,553,000$ | 78,120,000$ | 73,939,000$ | 67,177,000$ | 63,129,000$ | 49,197,000$ | 44,621,000$ | 38,272,000$ | 31,573,000$ | 39,178,000$ | 41,111,000$ | 108,562,000$ | 97,483,000$ | 85,394,000$ | 84,868,000$ | 84,053,000$ | 84,536,000$ | 77,698,000$ | 77,221,000$ | 71,779,000$ | 66,326,000$ | | | | | | | | | | | | | | |
| QoQ% | | 5.78% | (17.70%) | 2.22% | 20.20% | 11.13% | (20.33%) | 5.29% | (6.03%) | 2.31% | (39.00%) | 9.12% | 2,021.58% | (105.56%) | 3.11% | 5.66% | 10.07% | 6.41% | 28.32% | 10.26% | 16.59% | 21.22% | (19.41%) | (4.70%) | (62.13%) | 11.37% | 14.16% | .62% | .97% | (.57%) | 8.80% | .62% | 7.58% | 8.22% | | | | | | | | | | | | | | | |
| YoY% | | 6.97% | 12.38% | 8.78% | 12.06% | (12.39%) | (19.35%) | (38.25%) | (36.01%) | 1,408.56% | (28.92%) | 20.16% | 16.35% | (106.66%) | 27.60% | 58.79% | 65.70% | 75.53% | 99.95% | 25.57% | 8.54% | (64.75%) | (67.61%) | (54.12%) | (51.56%) | 29.16% | 15.32% | 9.91% | 9.90% | 17.10% | 27.46% | | | | | | | | | | | | | | | | | | |
| Cost Of Revenue | | 17,698,000$ | 16,733,000$ | 16,580,000$ | 15,576,000$ | 16,094,000$ | 15,287,000$ | (26,710,000$) | (27,521,000$) | (27,757,000$) | (27,676,000$) | 9,101,000$ | 8,748,000$ | (79,819,000$) | 9,092,000$ | 8,142,000$ | 7,990,000$ | 8,168,000$ | 7,936,000$ | 4,793,000$ | 7,891,000$ | 6,762,000$ | 5,621,000$ | 6,785,000$ | 7,614,000$ | 76,431,000$ | 70,095,000$ | 61,135,000$ | 61,780,000$ | 62,279,000$ | 62,917,000$ | 56,671,000$ | 58,460,000$ | 56,153,000$ | 52,632,000$ | | | | | | | | | | | | | | |
| Gross Profit | | 37,203,000$ | 35,168,000$ | 46,479,000$ | 46,115,000$ | 35,229,000$ | 30,896,000$ | 84,678,000$ | 82,575,000$ | 86,341,000$ | 84,936,000$ | 84,771,000$ | 77,281,000$ | 75,342,000$ | 71,461,000$ | 69,978,000$ | 65,949,000$ | 59,009,000$ | 55,193,000$ | 44,404,000$ | 36,730,000$ | 31,510,000$ | 25,952,000$ | 32,393,000$ | 33,497,000$ | 32,131,000$ | 27,388,000$ | 24,259,000$ | 23,088,000$ | 21,774,000$ | 21,619,000$ | 21,027,000$ | 18,761,000$ | 15,626,000$ | 13,694,000$ | | | | | | | | | | | | | | |
| Gross Margin | | 67.76% | 67.76% | 73.71% | 74.75% | 68.64% | 66.90% | 146.08% | 149.99% | 147.38% | 148.33% | 90.31% | 89.83% | (1,682.87%) | 88.71% | 89.58% | 89.19% | 87.84% | 87.43% | 90.26% | 82.32% | 82.33% | 82.20% | 82.68% | 81.48% | 29.60% | 28.10% | 28.41% | 27.21% | 25.91% | 25.57% | 27.06% | 24.30% | 21.77% | 20.65% | | | | | | | | | | | | | | |
| Operating Expenses | | 35,727,000$ | 39,981,000$ | 41,418,000$ | 44,062,000$ | 31,818,000$ | 32,206,000$ | 82,699,000$ | 82,299,000$ | 85,086,000$ | 89,513,000$ | 84,458,000$ | 77,839,000$ | 88,820,000$ | 74,192,000$ | 76,155,000$ | 66,704,000$ | 58,382,000$ | 56,028,000$ | 43,205,000$ | 37,733,000$ | 30,312,000$ | 25,515,000$ | 30,352,000$ | 29,400,000$ | 30,262,000$ | 26,194,000$ | 24,462,000$ | 19,558,000$ | 18,279,000$ | 18,696,000$ | 18,430,000$ | 15,414,000$ | 13,548,000$ | 10,977,000$ | | | | | | | | | | | | | | |
| Operating Income | | 1,476,000$ | (4,813,000$) | 5,061,000$ | 2,053,000$ | 3,411,000$ | (1,310,000$) | 1,979,000$ | 276,000$ | 1,255,000$ | (4,577,000$) | 313,000$ | (558,000$) | (13,478,000$) | (2,731,000$) | (6,177,000$) | (755,000$) | 627,000$ | (835,000$) | 1,199,000$ | (1,003,000$) | 1,198,000$ | 437,000$ | 2,041,000$ | 4,097,000$ | 1,869,000$ | 1,194,000$ | (203,000$) | 3,530,000$ | 3,495,000$ | 2,923,000$ | 2,597,000$ | 3,347,000$ | 2,078,000$ | 2,717,000$ | | | | | | | | | | | | | | |
| Operating Margin | | 2.69% | (9.27%) | 8.03% | 3.33% | 6.65% | (2.84%) | 3.41% | .50% | 2.14% | (7.99%) | .33% | (.65%) | 301.05% | (3.39%) | (7.91%) | (1.02%) | .93% | (1.32%) | 2.44% | (2.25%) | 3.13% | 1.38% | 5.21% | 9.97% | 1.72% | 1.23% | (.24%) | 4.16% | 4.16% | 3.46% | 3.34% | 4.33% | 2.90% | 4.10% | | | | | | | | | | | | | | |
| Interest Income | | 0$ | 0$ | 0$ | 0$ | 0$ | 0$ | 0$ | 0$ | 0$ | 0$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest Expenses | | 367,000$ | 806,000$ | 446,000$ | 680,000$ | 6,956,000$ | 7,906,000$ | 7,750,000$ | 6,707,000$ | 6,714,000$ | 6,725,000$ | 6,199,000$ | 5,490,000$ | 4,477,000$ | 3,767,000$ | 3,377,000$ | 3,154,000$ | 2,707,000$ | 2,704,000$ | 2,358,000$ | 2,029,000$ | 2,305,000$ | 2,423,000$ | 2,184,000$ | 2,014,000$ | 2,017,000$ | 1,918,000$ | 1,155,000$ | 914,000$ | 849,000$ | 2,644,000$ | 2,618,000$ | 2,387,000$ | 1,975,000$ | 1,717,000$ | | | | | | | | | | | | | | |
| Income Before Tax | | 3,495,000$ | (1,018,000$) | 4,149,000$ | 3,845,000$ | (2,301,000$) | (9,216,000$) | (2,971,000$) | (5,309,000$) | (5,372,000$) | (11,210,000$) | (755,000$) | 551,000$ | (18,946,000$) | (6,498,000$) | (9,554,000$) | (3,909,000$) | (1,839,000$) | (3,540,000$) | 1,194,000$ | (3,032,000$) | (2,899,000$) | (2,815,000$) | (143,000$) | 2,083,000$ | (148,000$) | (724,000$) | (1,358,000$) | 2,616,000$ | 2,646,000$ | 37,000$ | (6,586,000$) | (721,000$) | 460,000$ | 1,058,000$ | | | | | | | | | | | | | | |
| Tax Expenses | | 1,994,000$ | (22,000$) | 3,054,000$ | 523,000$ | (8,621,000$) | 5,191,000$ | (669,000$) | (1,094,000$) | (3,007,000$) | (292,000$) | (563,000$) | 382,000$ | 1,306,000$ | (1,810,000$) | 884,000$ | (228,000$) | 107,000$ | 662,000$ | (136,000$) | (10,000$) | (877,000$) | (5,000$) | (2,062,000$) | 149,000$ | (175,000$) | (131,000$) | (136,000$) | 265,000$ | (216,000$) | 692,000$ | 250,000$ | (389,000$) | 76,000$ | 171,000$ | | | | | | | | | | | | | | |
| Net Income | | 4,201,000$ | 18,425,000$ | 769,000$ | 3,108,000$ | 178,544,000$ | (8,298,000$) | 3,348,000$ | 1,536,000$ | 3,449,000$ | (6,078,000$) | (192,000$) | 169,000$ | (4,410,000$) | (4,688,000$) | (10,438,000$) | (3,681,000$) | (1,945,000$) | (4,201,000$) | 1,330,000$ | (3,022,000$) | (2,022,000$) | (2,810,000$) | 1,919,000$ | 1,934,000$ | 27,000$ | (593,000$) | (1,222,000$) | 2,351,000$ | 2,673,000$ | (655,000$) | (655,000$) | (7,168,000$) | 384,000$ | 887,000$ | | | | | | | | | | | | | | |
| Profit Margin | | 7.65% | 35.50% | 1.22% | 5.04% | 347.88% | (17.97%) | 5.78% | 2.79% | 5.89% | (10.62%) | (.21%) | .20% | 98.50% | (5.82%) | (13.36%) | (4.98%) | (2.90%) | (6.66%) | 2.70% | (6.77%) | (5.28%) | (8.90%) | 4.90% | 4.70% | .03% | (.61%) | (1.43%) | 2.77% | 3.18% | (.78%) | (.84%) | (9.28%) | .54% | 1.34% | | | | | | | | | | | | | | |
| TTM | | 11.45% | 88.10% | 78.34% | 81.37% | 83.19% | .02% | .99% | (.49%) | (.90%) | (4.52%) | (3.56%) | (8.06%) | (10.18%) | (6.92%) | (7.18%) | (3.35%) | (3.50%) | (4.05%) | (3.99%) | (3.86%) | (.65%) | .49% | 1.15% | .04% | .15% | .91% | .93% | 1.12% | (1.79%) | (2.60%) | (2.24%) | | | | | | | | | | | | | | | | | |
| Earnings to Minority | | 1,112,000$ | 5,543,000$ | 923,000$ | 1,052,000$ | 60,634,000$ | (753,000$) | 1,470,000$ | 438,000$ | (1,099,000$) | (923,000$) | (228,000$) | 409,000$ | (937,000$) | (960,000$) | (3,065,000$) | (1,153,000$) | (1,464,000$) | (921,000$) | 27,000$ | (1,024,000$) | (1,371,000$) | (2,454,000$) | 1,182,000$ | 2,083,000$ | 957,000$ | 598,000$ | (120,000$) | 2,173,000$ | 2,028,000$ | (91,000$) | 6,181,000$ | (6,836,000$) | | 0$ | | | | | | | | | | | | | | |
| Earnings to Common Shareholders | | 3,959,000$ | 17,096,000$ | (954,000$) | 2,856,000$ | 117,910,000$ | (7,545,000$) | 1,878,000$ | 1,429,000$ | 4,548,000$ | (5,155,000$) | 36,000$ | (240,000$) | (3,473,000$) | (3,728,000$) | (7,373,000$) | (2,528,000$) | (482,000$) | (3,281,000$) | 1,303,000$ | (1,998,000$) | (651,000$) | (356,000$) | 737,000$ | (149,000$) | (930,000$) | (1,191,000$) | (1,102,000$) | 178,000$ | 834,000$ | (466,000$) | (6,836,000$) | (332,000$) | 384,000$ | 887,000$ | | | | | | | | | | | | | | |
| QoQ% | | (76.84%) | 1,892.03% | (133.40%) | (97.58%) | 1,662.76% | (501.76%) | 31.42% | (68.58%) | 188.23% | (14,419.44%) | 115.00% | 93.09% | 6.84% | 49.44% | (191.65%) | (424.48%) | 85.31% | (351.80%) | 165.22% | (206.91%) | (82.87%) | (148.30%) | 594.63% | 83.98% | 21.91% | (8.08%) | (719.10%) | (78.66%) | 278.97% | 93.18% | (1,959.04%) | (186.46%) | (56.71%) | | | | | | | | | | | | | | | |
| YoY% | | (96.64%) | 326.59% | (150.80%) | 99.86% | 2,492.57% | (46.36%) | 5,116.67% | 695.42% | 230.95% | (38.28%) | 100.49% | 90.51% | (620.54%) | (13.62%) | (665.85%) | (26.53%) | 25.96% | (821.63%) | 76.80% | (1,240.94%) | 30.00% | 70.11% | 166.88% | (183.71%) | (211.51%) | (155.58%) | 83.88% | 153.61% | 117.19% | (152.54%) | | | | | | | | | | | | | | | | | | |
| Earnings Per Share, Basic | | 0.17$ | 0.70$ | (0.04$) | 0.12$ | 4.98$ | (0.32$) | 0.08$ | 0.06$ | 0.20$ | (0.22$) | 0.00$ | (0.01$) | (0.15$) | (0.17$) | (0.33$) | (0.11$) | (0.02$) | (0.15$) | 0.06$ | (0.10$) | (0.04$) | (0.02$) | 0.05$ | (0.01$) | (0.07$) | (0.12$) | (0.12$) | 0.02$ | 0.09$ | (0.05$) | | | | | | | | | | | | | | | | | | |
| Earnings Per Share, Diluted | | | 0.50$ | | 0.08$ | | | 0.08$ | 0.04$ | 0.09$ | (0.22$) | 0.00$ | (0.01$) | (0.15$) | (0.17$) | (0.33$) | (0.11$) | (0.01$) | (0.15$) | 0.04$ | (0.10$) | (0.01$) | (0.02$) | 0.05$ | (0.01$) | (0.07$) | (0.12$) | (0.12$) | 0.02$ | 0.03$ | (0.05$) | | | | | | | | | | | | | | | | | | |
| Unlevered FCF Per Share, Basic | | 0.57$ | 0.28$ | (1.16$) | 0.47$ | 0.62$ | 0.31$ | 0.48$ | 0.59$ | 0.42$ | (0.01$) | 0.29$ | 0.73$ | 0.31$ | 0.19$ | 0.39$ | 0.98$ | 0.45$ | 0.17$ | 0.84$ | 0.60$ | 0.80$ | 0.02$ | 0.07$ | 0.49$ | 0.71$ | 0.46$ | 0.58$ | 0.68$ | 0.29$ | 0.57$ | | | | | | | | | | | | | | | | | | |
| Unlevered FCF Per Share, Diluted | | | 0.20$ | | 0.32$ | | | 0.47$ | 0.41$ | 0.18$ | (0.01$) | 0.20$ | 0.73$ | 0.31$ | 0.19$ | 0.39$ | 0.98$ | 0.19$ | 0.17$ | 0.53$ | 0.60$ | 0.20$ | 0.02$ | 0.06$ | 0.49$ | 0.77$ | 0.46$ | 0.58$ | 0.60$ | 0.09$ | 0.57$ | | | | | | | | | | | | | | | | | | |
| Average Shares, Basic | | 23,913,589 | 24,345,826 | 23,834,233 | 23,551,352 | 23,658,344 | 23,420,811 | 23,331,239 | 23,267,290 | 23,236,200 | 23,179,638 | 23,135,898 | 22,998,608 | 22,649,739 | 22,229,787 | 22,076,297 | 22,042,801 | 21,982,386 | 21,926,225 | 20,940,725 | 19,129,056 | 15,783,899 | 14,858,858 | 14,456,970 | 14,233,785 | 14,199,459 | 10,064,785 | 8,887,050 | 8,812,630 | 8,812,630 | 8,812,630 | | | | | | | | | | | | | | | | | | |
| Average Shares, Diluted | | | 33,936,121 | | 34,057,196 | | | 23,718,474 | 33,828,461 | 52,539,946 | 23,179,638 | 34,269,140 | 22,998,608 | 22,649,739 | 22,229,787 | 22,076,297 | 22,042,801 | 52,396,500 | 21,926,225 | 33,404,983 | 19,129,056 | 64,519,804 | 14,858,858 | 16,106,757 | 14,233,785 | 13,108,921 | 10,064,785 | 8,887,050 | 9,903,168 | 26,873,878 | 8,812,630 | | | | | | | | | | | | | | | | | | |
| EBIT | | 3,862,000$ | (212,000$) | 4,595,000$ | 4,525,000$ | 4,655,000$ | (1,310,000$) | 4,779,000$ | 1,398,000$ | 1,342,000$ | (4,485,000$) | 5,444,000$ | 6,041,000$ | (14,469,000$) | (2,731,000$) | (6,177,000$) | (755,000$) | 868,000$ | (836,000$) | 3,552,000$ | (1,003,000$) | (594,000$) | (392,000$) | 2,041,000$ | 4,097,000$ | 1,869,000$ | 1,194,000$ | (203,000$) | 3,530,000$ | 3,495,000$ | 2,681,000$ | (3,968,000$) | 1,666,000$ | 2,435,000$ | 2,775,000$ | | | | | | | | | | | | | | |
| EBITDA | | 10,914,000$ | 6,777,000$ | 12,435,000$ | 12,209,000$ | 11,414,000$ | 4,847,000$ | 11,972,000$ | 8,452,000$ | 5,373,000$ | 2,180,000$ | 14,459,000$ | 14,717,000$ | (16,962,000$) | 4,775,000$ | 1,270,000$ | 6,115,000$ | 7,348,000$ | 6,159,000$ | 9,403,000$ | 4,089,000$ | 3,955,000$ | 4,083,000$ | 6,579,000$ | 8,752,000$ | 6,558,000$ | 5,619,000$ | 3,695,000$ | 7,082,000$ | 6,458,000$ | 5,681,000$ | (948,000$) | 4,522,000$ | 5,067,000$ | 5,157,000$ | | | | | | | | | | | | | | |