---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-25-000085"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:57:35.036994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q2 revenue up 9% to $63.1M; adj. EBITDA $17.1M; acquires utility billing software, sells HC RCM for $96M

## Summary
- Q2 revenue $63.1M (+8.8% YoY); net income from continuing ops $1.1M vs loss $2.3M in prior year.
- Adjusted EBITDA from continuing ops $17.1M (+12.7% YoY; margin 27.2% vs 26.2%).
- Non-GAAP adj. diluted EPS $0.32 vs $0.12 prior year; ARR $199.1M (+6.5% YoY).
- Acquired a utility billing software company on April 1 for $9M cash (up to $5M contingent).
- Divested Healthcare RCM Business on May 5 for $96M cash; RCM contributed $9.1M revenue in Q2.

## SEC filing metadata
- accession: 0001728688-25-000085
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2025-05-08T23:59:59+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/1728688/000172868825000085/0001728688-25-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868825000085/iiiv-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-25-000085
- JSON: https://secwatch.observer/filing/0001728688-25-000085.json
- Plain text: https://secwatch.observer/filing/0001728688-25-000085.txt

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