{"schema_version":"secwatch.filing_event.v1","accession":"0001728688-23-000030","form_type":"8-K","ticker":"IIIV","cik":"0001728688","company_name":"i3 Verticals, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.268387+00:00","generated_at":"2026-06-15T09:33:44.214652+00:00","sec_items":["1.01","2.03","2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"i3 Verticals Q2 rev $93.9M (+20%), ARR $305.7M +20%; new $450M revolver","bullets":["Q2 revenue $93.9M (+20.2%); net loss improved to $0.2M from $10.4M loss YoY.","Adjusted EBITDA $24.7M (+26.8%), margin 26.3%; pro forma adj EPS $0.38 vs $0.37.","ARR reached $305.7M (+20.1% YoY); software & services revenue 50.4% of total.","Announced new $450M revolver with JPMorgan; lower rates and covenant flexibility (5.00x leverage).","Revised FY2023 guidance: rev $360-380M, adj EBITDA $97-103M, pro forma adj EPS $1.46-1.56."],"urls":{"canonical":"https://secwatch.observer/filing/0001728688-23-000030","json":"https://secwatch.observer/filing/0001728688-23-000030.json","markdown":"https://secwatch.observer/filing/0001728688-23-000030.md","text":"https://secwatch.observer/filing/0001728688-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/iiiv-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:33:44.214652+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b1857ada4072cf0c294135c8bae677323f5f8fc","claim":"i3 Verticals, Inc. incurred revolving credit of $450 million with JPMorgan Chase Bank, N.A., as administrative agent at base rate or the Adjusted Term SOFR rate, plus, in each case, an applicable marg.","evidence_excerpt":"provides for aggregate commitments of $450 million in the form of a senior secured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$450 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"base rate or the Adjusted Term SOFR rate, plus, in each case, an applicable marg"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3f33216077f60ef493d03b7e9a5589c1aa375f48","claim":"i3 Verticals, Inc. reported the fiscal second quarter ended March 31, 2023 results: revenue $93.9 million, net income net loss was $0.2 million, EPS diluted net loss per share available to Class A common stock was $0.00. Guidance reaffirmed.","evidence_excerpt":"results for the fiscal second quarter ended March 31, 2023. Highlights for the fiscal second quarter and six months ended March 31, 2023 vs. 2022 • Second quarter revenue was $93.9 million, an increase of 20.2% over the prior year's second quarter. Revenue for the six months ended March 31, 2023, was $179.9 million, an increase of 18.3% over the prior year's first","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended March 31, 2023"},{"label":"Revenue","value":"$93.9 million"},{"label":"Net income","value":"net loss was $0.2 million"},{"label":"EPS","value":"diluted net loss per share available to Class A common stock was $0.00"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"578202617c4c1644b0c40ad98d3e2a9d61b2a5b6","claim":"i3 Verticals, Inc. reported the six months ended March 31, 2023 results: revenue $179.9 million, net income Net loss for the six months ended March 31, 2023, was $23,000, EPS Diluted net loss per share available to Class A common stock was $0.01 in the six months ended March 31, 2023. Guidance reaffirmed.","evidence_excerpt":"Revenue for the six months ended March 31, 2023, was $179.9 million, an increase of 18.3% over the prior year's first six months.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended March 31, 2023"},{"label":"Revenue","value":"$179.9 million"},{"label":"Net income","value":"Net loss for the six months ended March 31, 2023, was $23,000"},{"label":"EPS","value":"Diluted net loss per share available to Class A common stock was $0.01 in the six months ended March 31, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6c417757b0731851b64da0dc984524e5bb004145","claim":"i3 Verticals, Inc. reported fiscal year ending September 30, 2023 results: revenue $360,000 - $380,000, EPS $1.46 - $1.56. Guidance reaffirmed.","evidence_excerpt":"The Company is providing the following revised outlook for the fiscal year ending September 30, 2023: (in thousands, except share and per share amounts) Revised Outlook Range Revenue $ 360,000 - $ 380,000 Adjusted EBITDA (non-GAAP) $ 97,000 - $ 103,000 Depreciation and internally developed software amortization $ 8,000 - $ 9,000 Cash interest expense, net $ 22,000 - $ 23,000 Pro forma adjusted diluted earnings per share (1) (non-GAAP) $ 1.46 - $ 1.56","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ending September 30, 2023"},{"label":"Revenue","value":"$360,000 - $380,000"},{"label":"EPS","value":"$1.46 - $1.56"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}