---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-24-000013"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:43:41.600134+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q1 revenue $92M (+6.9%); explores sale of Merchant Services; lowers FY24 EPS guidance

## Summary
- Revenue $92.0M (+6.9% YoY); Net income $1.5M vs $0.2M; Adjusted EBITDA $25.2M (+6.6%).
- Pro forma adjusted diluted EPS $0.36 vs $0.37 YoY; ARR $316.9M (+9.2%).
- Board initiates sale exploration of Merchant Services business; Raymond James retained as advisor.
- Revised FY2024 guidance: revenue $385M-$400M, Adj. EBITDA $109M-$115M, pro forma EPS $1.52-$1.64 (down from $1.60-$1.78).
- Software & Services segment revenue $56.6M (+6%); Merchant Services revenue $35.4M (+8%).

## SEC filing metadata
- accession: 0001728688-24-000013
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000013/0001728688-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000013/iiiv-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-24-000013
- JSON: https://secwatch.observer/filing/0001728688-24-000013.json
- Plain text: https://secwatch.observer/filing/0001728688-24-000013.txt

## Key facts
- Earnings Releases
  i3 Verticals, Inc. reported the three months ended December 31, 2023 results: revenue $92.0 million. Guidance reaffirmed.
  - Period: the three months ended December 31, 2023
  - Revenue: $92.0 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: today reported its financial results for the fiscal first quarter ended December 31, 2023. Highlights for the three months ended December 31, 2023 vs. 2022 • Revenue was $92.0 million, an increase of 6.9% over the prior year's first quarter. • Net income was $1.5 million, compared to net income of $0.2 million in the prior year's first quarter. • Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000013/0001728688-24-000013-index.htm

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