---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-23-000045"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:35:45.947281+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q4 revenue $96.4M (+13% YoY); FY2024 guidance $385-410M

## Summary
- Q4 revenue $96.4M (+13% YoY); adjusted EBITDA $26.8M (+23%); net income $3.4M vs loss $4.4M.
- Full year FY2023 revenue $370.2M (+16.5%); adjusted EBITDA $100.4M (+26%); net loss $2.7M improved from $23.2M loss.
- FY2024 guidance: revenue $385-$410M, adj. EBITDA $109-$119M, pro forma adj. EPS $1.60-$1.78.
- ARR grew 11% to $312.9M; Software & Services segment revenue up 16% to $60M in Q4.
- Promotions: Eric Willis to President - Healthcare; Crystal Bell to President - Enterprise Solutions.

## SEC filing metadata
- accession: 0001728688-23-000045
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000045/0001728688-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000045/iiiv-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-23-000045
- JSON: https://secwatch.observer/filing/0001728688-23-000045.json
- Plain text: https://secwatch.observer/filing/0001728688-23-000045.txt

## Key facts
- Earnings Releases
  i3 Verticals, Inc. reported fiscal year ending September 30, 2024 results: revenue $385,000 - $410,000, EPS Proforma adjusted diluted earnings per share $1.60 - $1.78. Guidance initiated.
  - Period: fiscal year ending September 30, 2024
  - Revenue: $385,000 - $410,000
  - EPS: Proforma adjusted diluted earnings per share $1.60 - $1.78
  - Guidance: initiated
  - Result: guidance update
  source text: The Company is providing the following outlook for the fiscal year ending September 30, 2024: (in thousands, except share and per share amounts) Outlook Range Fiscal year ending September 30, 2024 Revenue $ 385,000 - $ 410,000 Adjusted EBITDA (non-GAAP) $ 109,000 - $ 119,000 Depreciation and internally developed software amortization $ 11,000 - $ 13,000 Cash interest expense $ 22,000 - $ 25,000 Proforma adjusted diluted earnings per share (1) (non-GAAP) $ 1.60 - $ 1.78
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000045/0001728688-23-000045-index.htm
- Earnings Releases
  i3 Verticals, Inc. reported three months and year ended September 30, 2023 results: net income Fourth quarter net income was $3.4 million, compared to a net loss of $4.4 million in the prior year's fourth quarter. N, EPS Fourth quarter diluted net income per share available to Class A common stock was $0.11, compared to a net loss per shar.
  - Period: three months and year ended September 30, 2023
  - Net income: Fourth quarter net income was $3.4 million, compared to a net loss of $4.4 million in the prior year's fourth quarter. N
  - EPS: Fourth quarter diluted net income per share available to Class A common stock was $0.11, compared to a net loss per shar
  - Result: reported results
  source text: Fourth quarter revenue was $96.4 million, an increase of 13.1% over the prior year's fourth quarter; full year revenue was $370.2 million, an increase of 16.5% over the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000045/0001728688-23-000045-index.htm
- Earnings Releases
  i3 Verticals, Inc. reported three months and year ended September 30, 2023 results: net income Fourth quarter net income was $3.4 million, compared to a net loss of $4.4 million in the prior year's fourth quarter. N, EPS Fourth quarter diluted net income per share available to Class A common stock was $0.11, compared to a net loss per shar.
  - Period: three months and year ended September 30, 2023
  - Net income: Fourth quarter net income was $3.4 million, compared to a net loss of $4.4 million in the prior year's fourth quarter. N
  - EPS: Fourth quarter diluted net income per share available to Class A common stock was $0.11, compared to a net loss per shar
  - Result: reported results
  source text: Fourth quarter diluted net income per share available to Class A common stock was $0.11, compared to a net loss per share of $0.15 in the prior year's fourth quarter; full year diluted net loss per share available to Class A common stock was $0.07, compared to a net loss per share of $0.77 in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000045/0001728688-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.