---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-25-000118"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:19:44.497145+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals Q4 rev $54.9M (+7% YoY), adj EPS $0.27; FY rev $213.2M; director resigns

## Summary
- Q4 net income from continuing ops $1.5M, down from $6.3M YoY; GAAP EPS $0.04.
- Q4 adjusted EBITDA $14.4M (-1.5% YoY); margin 26.2% vs 28.5% prior year.
- Full year revenue $213.2M (+11.5%); adjusted diluted EPS $1.05 vs $0.30.
- ARR $165.3M, up 9.2% YoY; recurring revenue $41.3M in Q4.
- Board member Burton Harvey resigned effective Nov 14, 2025; no disagreement.

## SEC filing metadata
- accession: 0001728688-25-000118
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868825000118/0001728688-25-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868825000118/iiiv-20251117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-25-000118
- JSON: https://secwatch.observer/filing/0001728688-25-000118.json
- Plain text: https://secwatch.observer/filing/0001728688-25-000118.txt

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