secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001728688-25-000085
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000085/0001728688-25-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000085/iiiv-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001728688-25-000085

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