1 i3 VERTICALS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2024 FINANCIAL RESULTS Company Reaffirms 2025 Outlook NASHVILLE, Tenn. (November 19, 2024) – i3 Verticals, Inc. (Nasdaq: IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2024. Highlights from continuing operations for the fiscal fourth quarter and full fiscal year of 2024 vs. 2023 • Fourth quarter revenue from continuing operations was $60.9 million, an increase o ...

(3VERTICALS Q3 FISCAL YEAR 2024 Supplemental Information 1 Revenue Composition - Continuing Operations(1) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------|--------|-------|--------|-------|--------|-------|-------|-------|--------|-------|-------|--------|-------|-------|--------|-------|-------|--------|-------|--------|-------|--------| | ($ in thousands) \nSoftware and related ...

Financial Data and Key Metrics Changes - Revenues for Q3 2024 declined 2% to $56 million from $57.3 million for Q3 2023, reflecting organic growth from recurring sources, offset by declines in non-recurring sources [7] - Adjusted EBITDA declined 11% to $12.9 million for Q3 2024 from $14.5 million for Q3 2023, with adjusted EBITDA as a percentage of revenues declining to 23% from 25.3% [9] - Annual Recurring Revenue (ARR) increased 4% to $181.3 million for Q3 2024 compared to $174.5 million for Q3 2023, with over 80% of revenues coming from recurring sources [8] Business Line Data and Key Metrics Changes - SaaS and transaction-based software revenues grew 8%, while payments revenues grew 9% [8] - Non-recurring sales of software licenses declined by approximately $2 million, reflecting the ongoing shift to SaaS [8] - Professional services revenues declined by $1.1 million, primarily due to delays in implementation caused by a public workers strike [8] Market Data and Key Metrics Changes - The company operates in the Public Sector and healthcare markets, with significant growth opportunities identified in these sectors [20] - The utility segment is experiencing broad adoption of the utility customer engagement software, with over 7 million utility customers under management [22] - The education business is expanding its client footprint in existing geographical markets, with new territories opened in North Carolina and Texas [21] Company Strategy and Development Direction - The company is focused on becoming a pure-play vertical software and services company following the anticipated sale of its Merchant Services business [11] - The recent acquisition of a permitting and licensing company is expected to enhance growth opportunities and cross-sell potential within the Public Sector [11][17] - The company aims for high-single-digit organic growth and annual EBITDA margin improvement of 50 to 100 basis points starting in fiscal year 2025 [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2024 has been a challenging year due to realignment and divestiture, but expressed confidence in a stronger fiscal year 2025 [5][6] - The company anticipates tailwinds from the Manitoba project returning to normal cadence and continued momentum in the utilities market [13] - Management highlighted the importance of internal growth execution and the visibility of the sales funnel for future performance [6] Other Important Information - The company’s balance sheet remains strong, with borrowings under the revolver net of cash at $341.7 million and a consolidated leverage ratio of 3.6x [10] - The company plans to pay down all of its revolving credit facility following the anticipated sale of the Merchant Services business, leaving capacity for expansion [11] Q&A Session Summary Question: Can you elaborate on the EBITDA outlook for this year and next year? - Management identified $12 million in headwinds for 2024, including $3 million from Manitoba, $5 million from the SaaS transition, and $4 million from the education sector [27][28] Question: What is the growth profile of the recent acquisition? - The company expects double-digit growth from the recent acquisition in fiscal year 2025, with the potential for larger contracts to boost growth rates [30] Question: What are the underlying tailwinds driving demand? - Management noted that utility bills are stable, leading to consistent demand, and RFP activities are increasing, indicating a robust demand environment [40] Question: How does the competitive environment look now that the company is solely software-focused? - The competitive landscape remains consistent, with a focus on software and integrated payments, and the company emphasizes execution and delivery as key differentiators [42] Question: What are the cross-sell opportunities and their potential impact on growth? - Management indicated that cross-sell opportunities are significant, although specific annual growth contributions have yet to be quantified [44]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38532 i3 Verticals, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4052852 (State or other jurisdiction of incorpo ...

Core Viewpoint - I3 Verticals (IIIV) reported quarterly earnings of $0.07 per share, significantly missing the Zacks Consensus Estimate of $0.35 per share, representing an earnings surprise of -80% [1]. Financial Performance - The company posted revenues of $56.04 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 41.89%, compared to $93.93 million in the same quarter last year [2]. - Over the last four quarters, I3 Verticals has not surpassed consensus EPS or revenue estimates [2]. Stock Performance - I3 Verticals shares have increased approximately 11.7% since the beginning of the year, outperforming the S&P 500's gain of 9% [3]. - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $103.24 million, and for the current fiscal year, it is $1.51 on revenues of $386.19 million [7]. Industry Outlook - The Internet - Software industry, to which I3 Verticals belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8].

1 i3 VERTICALS REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Completes Public Sector Acquisition Authorizes $50 Million Share Repurchase Program NASHVILLE, Tenn. (August 8, 2024) – i3 Verticals, Inc. (Nasdaq: IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal third quarter ended June 30, 2024. Highlights for the three and nine months ended June 30, 2024 vs. 2023 from continuing operations • Third quarter revenue from continuing operations was $56.0 million, a decrease ...

i3 Verticals (IIIV) recently entered into a definitive agreement to sell its merchant of record payments business to Payroc WorldAccess, LLC, in an all-cash deal worth $440 million. The proceedings from the transaction will provide i3 Verticals with a substantial infusion of liquidity that will help it meet immediate financial needs. IIIV's merchant of record payments business uses application programming interfaces ("API") to simplify transaction processes. These APIs eliminated the need for Payment card i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38532 i3 Verticals, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4052852 (State or other jurisdiction of incorp ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q2 2024 Earnings Conference Call May 10, 2024 9:00 AM ET Company Participants Geoff Smith - Senior Vice President, Finance Greg Daily - Chairman, Chief Executive Officer Clay Whitson - Chief Financial Officer, Director Rick Stanford - President Paul Christians - COO Conference Call Participants John Davis - Raymond James Peter Heckmann - D.A. Davidson Shefali Tamaskar - Morgan Stanley Mark Palmer - Benchmark Matt VanVliet - BTIG Charles Nabhan - Stephens Rufus Hone - BMO Cap ...

i3 VERTICALS REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS NASHVILLE, Tenn. (May 10, 2024) – i3 Verticals, Inc. (Nasdaq: IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2024. Highlights for the second quarter and six months ended March 31, 2024 vs. 2023 -MORE- • Second quarter revenue was $94.5 million, an increase of 0.7% over the prior year's second quarter. Revenue for the six months ended March 31, 2024, was $186.5 million, an in ...