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, 2022 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 ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q2 2022 Results Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Geoffrey Smith - VP, Finance Gregory Daily - Chairman and Chief Executive Officer Clay Whitson - Chief Financial Officer Frederick Stanford - President Conference Call Participants John Davis - Raymond James Peter Heckmann - D.A. Davidson Allison Jordan - Cowen and Company Jeffrey Goldstein - Morgan Stanley Christopher Donat - Piper Sandler Operator Good day, everyone, and welcome to the ...

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, 2022 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 ...

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 December 31, 2021 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 inc ...

Financial Data and Key Metrics Changes - The company reported a 66% increase in revenue for Q1 2022, reaching $73.9 million compared to $44.6 million in Q1 2021 [14] - Adjusted EBITDA increased by 72% to $18.3 million from $10.6 million in Q1 2021 [18] - Pro forma adjusted diluted earnings per share rose 67% to $0.35 for Q1 2022 from $0.21 in Q1 2021 [19] Business Line Data and Key Metrics Changes - Software and related services revenue grew 116% year-over-year, representing 49% of total revenue in Q1 2022, up from 38% in Q1 2021 [9][16] - Revenue from the proprietary software and payments segment increased 124% to $44.8 million for Q1 2022 from $20.0 million in Q1 2021 [20] - Merchant services segment revenue increased 16% to $29.2 million for Q1 2022 from $25.1 million in Q1 2021 [22] Market Data and Key Metrics Changes - The company noted an increase in RFP activity within the public sector, indicating a positive trend and strong win rates [12] - The public sector represents roughly half of the consolidated business, while healthcare accounts for an estimated 20% [21] Company Strategy and Development Direction - The company is focused on a software-led strategy, emphasizing growth in proprietary software and payment segments [8] - Recent acquisitions, including a public sector deal, are expected to enhance the company's capabilities and market reach [10][34] - The company aims to maintain a disciplined approach to acquisitions, targeting four to five per year, primarily in public sector and healthcare [36][69] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to produce strong results for the remainder of the year, supported by momentum from previous fiscal year [8] - The company anticipates continued organic growth, with guidance for fiscal year 2022 indicating revenues between $288 million and $304 million [26] - Management acknowledged inflationary pressures on expenses but noted that higher ticket sizes are beneficial for payment processing [55] Other Important Information - The company reported an annualized recurring revenue (ARR) of $240 million, growing 53% year-over-year [10][17] - The balance sheet remains strong, with a total leverage ratio of 3.8 times as of December 31, 2021 [23] Q&A Session Summary Question: What was the approximate growth rate in the second quarter? - Management indicated an organic growth rate of 16% [39] Question: Is the growth in guidance for fiscal year 2022 primarily from the recent public sector acquisition? - Management stated that the majority of the growth is from the acquisition, but there was also a slight beat in Q1 expectations [47] Question: How does the company view inflation's impact on top and bottom lines? - Management noted that higher ticket sizes are generally good for payment processors, while they are experiencing pressure on compensation due to inflation [55] Question: What is the expected margin expansion in Merchant Services? - Management targets a margin expansion of 50 to 100 basis points per year, with expectations to reach the 30% EBITDA margin range over time [64] Question: How does the company view the current acquisition environment? - Management believes that private company valuations remain stable and anticipates continuing their acquisition strategy at a pace of four to five per year [69]

VERTICALS Q1 Fiscal 2022 Supplemental Information Annualized Recurring Revenue ("ARR") | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|--------------------|-------|---------------------|-------|---------------|-------|----------------|-------|-------|-------|-------|------------------------------|-------|-------|------- ...

VERTICALS Q4 Fiscal 2021 Supplemental Information Updates to Acquisition Revenue Adjustments Under GAAP, companies historically were required to adjust, as necessary, beginning balances of acquired deferred revenue to fair value as part of acquisition accounting. Prior to the second quarter of our fiscal 2021 we included adjusted net revenue, adjusted EBITDA and pro forma adjusted diluted EPS inclusive of an "Acquisition Revenue Adjustment" which removed the effect of purchase accounting write-downs of defe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 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 re ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q4 2021 Earnings Conference Call November 18, 2021 8:30 AM ET Company Participants Scott Meriwether – Chief Operating Officer Greg Daily – Chairman and Chief Executive Officer Clay Whitson – Chief Financial Officer Rick Stanford – President Conference Call Participants John Davis – Raymond James George Mihalos – Cowen Peter Heckmann – D.A. Davidson Cathy Chen – Bank of America Mark Palmer – BTIG Chris Donat – Piper Sandler Operator Good day, everyone, and welcome to i3 Verti ...

VERTICALS Q3 Fiscal 2021 Supplemental Information Q3 Fiscal 2021 GAAP Measures The following is our Income (loss) from operations for the three and nine months ended June 30, 2021 and 2020 calculated in accordance with GAAP. The presentation also includes references to the Company's non-GAAP financials measures. The Company believes that, in addition to the financial measures calculated in accordance with GAAP, adjusted EBITDA and adjusted net income (loss) are appropriate indicators to assist in the evalua ...