secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001728688-25-000118
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000118/0001728688-25-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868825000118/iiiv-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001728688-25-000118

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