Highest-materiality recent filing
i3 Verticals announces new $100M share buyback program through May 2027
Board authorized $100M repurchase of Class A common stock effective May 12, 2026, replacing prior fully-expended program.
i3 Verticals Q2 revenue $57.5M (+6.2% YoY), adj. EPS $0.32, ARR up 11.6%
Revenue from continuing operations $57.5M, up 6.2% YoY; recurring revenue 80% of total.
Revenue $52.7M (+0.9% YoY); net income from continuing ops $0.6M vs $1.9M prior year.
i3 Verticals Q4 rev $54.9M (+7% YoY), adj EPS $0.27; FY rev $213.2M; director resigns
Q4 net income from continuing ops $1.5M, down from $6.3M YoY; GAAP EPS $0.04.
i3 Verticals Q3 rev $51.9M (+12.4% YoY); adj EPS $0.23; authorizes $50M buyback
Q3 revenue $51.9M (+12.4% YoY); net loss from continuing ops narrowed to $1.0M from $14.4M.
Q2 revenue $63.1M (+8.8% YoY); net income from continuing ops $1.1M vs loss $2.3M in prior year.
i3 Verticals sells healthcare RCM business to Infinx for $96M cash; focuses on public sector
Divested healthcare RCM business for $96 million all-cash, subject to post-closing adjustments.
i3 Verticals Q1 FY2025 revenue $61.7M, +12% YoY; adj EBITDA $16.4M, +17%; EPS $0.31 vs $0.12
Revenue from continuing ops $61.7M (+12.1% YoY); net income $3.3M vs net loss $4.2M prior year.
i3 Verticals corrects FY2024 allocation error; Q4 continuing EPS now $0.20 from $(0.02)
Correction reallocates net income between continuing and discontinued ops for FY2024 and FY2023.
i3 Verticals Q4 revenue $60.9M (+4% YoY); net income swings to $7.0M from loss
Q4 revenue from continuing ops $60.9M (+3.9% YoY); full year $229.9M (+1.4%).
i3 Verticals closes $438M merchant services sale to Payroc; CFO transition
Sale closed on Sept 20, 2024; purchase price ~$438M cash, subject to post-closing adjustments.
i3 Verticals Q3 cont ops rev $56.0M (-2% YoY), adj EBITDA $12.9M (-11%); approves $50M buyback
Q3 net loss from continuing ops $13.8M, vs $10.9M loss last year; diluted EPS loss $0.49 vs $0.37.
i3 Verticals to sell merchant of record payments business to Payroc for $440M cash
Purchase price of $440M in cash for merchant of record payments business and proprietary technology.
i3 Verticals Q2 revenue flat, net income positive; lowers FY2024 guidance
Q2 revenue $94.5M (+0.7% YoY); net income $3.3M vs loss $0.2M prior year.
i3 Verticals Q1 revenue $92M (+6.9%); explores sale of Merchant Services; lowers FY24 EPS guidance
Revenue $92.0M (+6.9% YoY); Net income $1.5M vs $0.2M; Adjusted EBITDA $25.2M (+6.6%).
i3 Verticals to repurchase ~$90.8M of 1% exchangeable notes due 2025 for ~$87.5M cash
LLC will buy back ~$90.8M principal of 1.00% Exchangeable Senior Notes due 2025 for ~$87.5M cash, subject to price adjustment based on stock price.
i3 Verticals Q4 revenue $96.4M (+13% YoY); FY2024 guidance $385-410M
Q4 revenue $96.4M (+13% YoY); adjusted EBITDA $26.8M (+23%); net income $3.4M vs loss $4.4M.
i3 Verticals Q3 revenue $93.9M, up 16.6% YoY; adjusted EBITDA $25.3M, up 26%
Revenue $93.9M, +16.6% YoY; net loss $6.1M vs $4.7M loss prior year.
i3 Verticals Q2 rev $93.9M (+20%), ARR $305.7M +20%; new $450M revolver
Q2 revenue $93.9M (+20.2%); net loss improved to $0.2M from $10.4M loss YoY.
i3 Verticals Q1 revenue $86M (+16% YoY); raises FY adjusted EBITDA guidance to $95-103M
Revenue $86.0M, up 16.4% YoY; net income $0.2M vs net loss $3.7M prior year.
i3 Verticals Q4 revenue $85.3M (+27% YoY); guides FY23 rev $360-380M
Q4 revenue $85.3M (+27% YoY); full-year revenue $317.9M (+42% YoY).
i3 Verticals acquires motor carrier software provider for ~$85M; upsizes credit facility to $375M
Acquisition of a leading provider of enterprise software for motor carrier and motor vehicle markets in U.S. and Canada for ~$85M.
i3 Verticals Q3 revenue $80.6M (+27.6%); adj. EBITDA $20.1M (+29.1%); raises FY22 outlook
Revenue $80.6M, up 27.6% YoY; net loss $4.7M, slightly wider vs $4.2M loss prior year.
i3 Verticals reports Q2 revenue $78.1M (+59% YoY), raises FY2022 guidance
Revenue $78.1M, up 58.8% YoY; adjusted EBITDA $19.5M, up 59.4% YoY.
Revenue $73.9M, up 66% YoY; net loss $3.7M vs $3.0M loss; Adj. EBITDA $18.3M, +72.4%.
i3 Verticals COO Scott Meriwether resigns effective Feb 21, 2022
Scott Meriwether, Chief Operating Officer, notified company of resignation on Jan 4, 2022.
i3 Verticals Q4 rev $67.2M (+76% YoY), adj EBITDA $17.1M (+79%); guides FY2022 rev $280-300M
Q4 revenue $67.2M, up 76% YoY; full year revenue $224.1M, up 49%.
i3 Verticals Q3 revenue $62M (+96% YoY); raises FY2021 guidance on software growth
Revenue of $62.0M, up 96% YoY; net loss of $4.6M (GAAP EPS -$0.15).
i3 Verticals Q3 revenue up 96% YoY to $62.0M; raises FY2021 outlook
Revenue $62.0M (+96% YoY); net loss $4.6M vs $2.8M loss prior year.
the Board appointed Geoff Smith, age 37, who previously served as the Company’s Senior Vice President of Finance, to serve as the Company’s Chief Financial Officer, effective immediately.
On May 14, 2024, the Board of Directors of i3 Verticals, Inc. (the “Company”) approved a change in role and title for Paul Christians.
On November 16, 2022, Paul Christians was appointed as the Company’s Chief Operating Officer.
On January 4, 2022, Scott Meriwether, the Chief Operating Officer of i3 Verticals, Inc. (the “Company”), notified the Company of his intention to resign from the Company, effe ctive February 21, 2022, to pursue another opportunity.
appointed Decosta E. Jenkins as a new director, effective the day following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021 (the “Appointment Date”).
Max materiality 0.90 · Median 0.70 · Most common event earnings