secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001728688-25-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000040/0001728688-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000040/iiiv-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001728688-25-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer