---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-25-000040"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:44:14.525846+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q1 FY2025 revenue $61.7M, +12% YoY; adj EBITDA $16.4M, +17%; EPS $0.31 vs $0.12

## Summary
- Revenue from continuing ops $61.7M (+12.1% YoY); net income $3.3M vs net loss $4.2M prior year.
- Adjusted EBITDA $16.4M (+17.0%); margin 26.5% vs 25.4%; pro forma adj diluted EPS $0.31 vs $0.12.
- SaaS revenue +16% YoY; payments revenue +7%; ARR $193.3M (+7.6%). Public Sector adj EBITDA $19.2M (+11%).
- Healthcare segment adj EBITDA $3.7M (+34% YoY); total recurring revenue $48.3M (78% of total revenue).
- FY2025 guidance reaffirmed: revenue $243-263M, adj EBITDA $63-71.5M, pro forma adj EPS $1.05-$1.25.

## SEC filing metadata
- accession: 0001728688-25-000040
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868825000040/0001728688-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868825000040/iiiv-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-25-000040
- JSON: https://secwatch.observer/filing/0001728688-25-000040.json
- Plain text: https://secwatch.observer/filing/0001728688-25-000040.txt

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