---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-24-000057"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:58:52.941525+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q2 revenue flat, net income positive; lowers FY2024 guidance

## Summary
- Q2 revenue $94.5M (+0.7% YoY); net income $3.3M vs loss $0.2M prior year.
- Pro forma adj diluted EPS $0.34 vs $0.38; ARR $322.5M, up 5.5% YoY.
- Software & Services rev down 2% to $59.5M; Merchant Services rev up 6% to $35.1M.
- Revised FY2024 guidance: revenue $380M-$394M (prev $385M-$400M), adj EBITDA $107M-$113M.
- Exploration of sale of Merchant Services business ongoing; no assurance of transaction.

## SEC filing metadata
- accession: 0001728688-24-000057
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/0001728688-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/iiiv-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-24-000057
- JSON: https://secwatch.observer/filing/0001728688-24-000057.json
- Plain text: https://secwatch.observer/filing/0001728688-24-000057.txt

## Key facts
- Earnings Releases
  i3 Verticals, Inc. updated its the fiscal year ending September 30, 2024 guidance (lowered).
  - Period: the fiscal year ending September 30, 2024
  - Guidance: lowered
  - Result: guidance update
  source text: The Company is providing the following revised outlook for the fiscal year ending September 30, 2024:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/0001728688-24-000057-index.htm
- Earnings Releases
  i3 Verticals, Inc. updated its the three and six months ended March 31, 2024 guidance (reaffirmed).
  - Period: the three and six months ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 10, 2024, i3 Verticals, Inc. (the “Company”) issued a press release announcing the results of its operations for the three and six months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/0001728688-24-000057-index.htm

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