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 ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q3 2021 Earnings Conference Call August 10, 2021 8:30 AM ET Company Participants Scott Meriwether - COO Greg Daily - Chairman and CEO Clay Whitson - CFO Rick Stanford - President Conference Call Participants John Davis - Raymond James Alison Jorden - Cowen Maddie Schrage - KeyBanc Capital Markets Chris Donat - Piper Sandler John Rodriguez - DA Davidson Cathy Chen - Bank of America Merrill Lynch Operator Good day everyone and welcome to i3 Verticals Third Quarter 2021 Earning ...

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, 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) (State or other jurisdiction of incorporation or organizati ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q2 2021 Earnings Conference Call May 11, 2021 8:30 AM ET Company Participants Scott Meriwether - Chief Operating Officer Greg Daily - Chief Executive Officer Clay Whitson - Chief Financial Officer Rick Stanford - President Conference Call Participants John Davis - Raymond James Peter Heckmann - D.A. Davidson George Mihalos - Cowen Chris Donat - Piper Sandler Maddie Schrage - KBCM Operator Good day, everyone, and welcome to the i3 Verticals Second Quarter 2021 Earnings Confer ...

Financial Position - As of March 31, 2021, the company had $2.4 million in cash and cash equivalents and $190.0 million of available capacity under its Senior Secured Credit Facility[238]. - As of March 31, 2021, the company had borrowings of $85.0 million under the Senior Secured Credit Facility, with a 1.0% change in interest rate impacting results by $0.9 million[325]. - The total contractual obligations as of March 31, 2021, amounted to $272.2 million, with $31.5 million due within one year[311]. - The total amount due under the Tax Receivable Agreement was $39.6 million as of March 31, 2021, with expected payments over the next 25 years[318]. - The company recognized an additional deferred tax asset of $3.0 million related to the Tax Receivable Agreement[308]. Acquisitions - The company acquired Business Information Systems for $96.0 million, including $52.5 million in cash and 1,202,914 shares of Class A Common Stock[244]. - The acquisition of ImageSoft, Inc. was completed for $47.0 million, with $40.0 million in cash consideration funded by the revolving credit facility[245]. - During the six months ended March 31, 2021, the company completed acquisitions totaling $23.0 million, including $19.6 million in cash consideration[246]. - Total purchase consideration for recent acquisitions included $37.4 million in cash, funded by proceeds from the revolving line of credit, and contingent consideration still being valued[243]. - Cash used in acquisitions for the six months ended March 31, 2021, was $112.1 million, net of cash acquired[301]. Revenue and Payment Volume - Revenue increased by $8.7 million, or 22.2%, to $47.9 million for the three months ended March 31, 2021, compared to $39.2 million for the same period in 2020, primarily driven by acquisitions[263]. - Payment volume rose by $0.7 billion, or 19%, to $4.3 billion for the three months ended March 31, 2021, from $3.6 billion for the same period in 2020, with acquisitions contributing an incremental $0.2 billion[267]. - Revenue increased by $10.9 million, or 13.6%, to $91.2 million for the six months ended March 31, 2021, compared to $80.3 million for the same period in 2020, primarily driven by acquisitions[278]. - Payment volume increased by $0.6 billion, or 8.7%, to $8.1 billion for the six months ended March 31, 2021, from $7.4 billion for the same period in 2020[282]. - Revenue from Proprietary Software and Payments increased by $14.1 million, or 51.6%, to $41.3 million for the six months ended March 31, 2021, from $27.3 million for the same period in 2020[281]. Expenses - Selling, general and administrative expenses increased by $9.7 million, or 46.8%, to $30.5 million for the three months ended March 31, 2021, primarily due to a rise in employment expenses[270]. - Selling, general and administrative expenses rose by $15.4 million, or 38.4%, to $55.5 million for the six months ended March 31, 2021, from $40.1 million for the same period in 2020[285]. - Depreciation and amortization expenses increased by $1.3 million, or 28.9%, to $5.9 million for the three months ended March 31, 2021, compared to $4.5 million for the same period in 2020[271]. - Other costs of services decreased by $0.6 million, or 5.4%, to $11.3 million for the three months ended March 31, 2021, from $12.0 million for the same period in 2020[268]. - Other costs of services increased by $0.1 million, or 0.4%, to $25.0 million for the six months ended March 31, 2021, from $24.9 million for the same period in 2020[283]. Net Income and Loss - The net loss attributable to i3 Verticals, Inc. was $440,000 for the three months ended March 31, 2021, a decrease of $297,000, or 40.3%, compared to a net income of $737,000 for the same period in 2020[262]. - Net (loss) income attributable to i3 Verticals, Inc. was $(2.1) million for the six months ended March 31, 2021, compared to $0.6 million for the same period in 2020, representing a decrease of $2.7 million[277]. Cash Flow - Net cash provided by operating activities was $23.9 million for the six months ended March 31, 2021, compared to $8.8 million for the same period in 2020[299]. - Net cash provided by operating activities increased by $15.0 million to $23.9 million for the six months ended March 31, 2021, compared to $8.8 million for the same period in 2020[300]. - Net cash used in investing activities increased significantly to $115.9 million for the six months ended March 31, 2021, from $3.9 million for the same period in 2020[299]. - Net cash used in investing activities rose by $112.1 million to $115.9 million for the six months ended March 31, 2021, primarily due to cash used in acquisitions[301]. - Net cash provided by financing activities increased by $88.9 million to $83.9 million for the six months ended March 31, 2021, compared to a cash outflow of $5.0 million for the same period in 2020[302]. Tax and Interest Rates - The effective tax rate was 62.1% for the three months ended March 31, 2021, differing from the federal statutory rate of 21% due to the company's tax structure[275]. - The Senior Secured Credit Facility requires maintenance of a minimum consolidated interest coverage ratio of 3.00 to 1.00 and a maximum total leverage ratio of 5.00 to 1.00[304]. - The interest rate on the Senior Secured Credit Facility is based on LIBOR plus an applicable margin of 3.25% as of March 31, 2021[324]. - The company is required to maintain a minimum consolidated interest coverage ratio of 3.00 to 1.00 and a maximum total leverage ratio of 5.00 to 1.00[324]. Market Impact - The company experienced a decline in payment volume and revenue due to the COVID-19 pandemic, particularly in the education and public sector verticals[235]. - Integrated payments accounted for 59% of payment volume for the three months ended March 31, 2021, up from 55% for the same period in 2020[259]. - Average net volume attrition per month remained below 2% during the six months ended March 31, 2021[260]. - The company does not expect significant impact from foreign currency transaction risk as invoices are denominated in U.S. dollars[326].

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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Registrant's telephone number, including area code) For the transition period from to Commission file number: 001-38532 i3 Verticals, Inc. (Exact name of registrant as specified in its charter) De ...

i3 Verticals, Inc. (NASDAQ:IIIV) Q1 2021 Earnings Conference Call February 9, 2021 8:30 AM ET Company Participants Scott Meriwether - Chief Operating Officer Greg Daily - Chairman & Chief Executive Officer Clay Whitson - Chief Financial Officer Rick Stanford - President Conference Call Participants John Davis - Raymond James Peter Heckmann - Davidson Allison Jordan - Cowen Cathy Chen - Bank of America Josh Beck - KeyBanc Chris Donat - Piper Sandler Operator Good day, everyone, and welcome to the i3 Vertical ...

VERTICALS Q1 Fiscal 2021 Supplemental Information Q1 Fiscal 2021 Segment Performance(1) | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|----------------------------------------|-------|------------------------------|----------------------------| | ($ in thousands) \nAdjusted Net Revenue (2) | | Three months ended December 31, \n2020 | | 2019 (3) | Period over period growth | | Merchant Services, excluding Purchased Portfolios | | | | $ 24,126 $ 2 ...

VERTICALS Q4 Fiscal 2020 Supplemental Information Q4 Fiscal 2020 Segment Performance(1)(3) | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|-----------------------------------------|-------|------------------------------|----------------------------| | ($ in thousands) | | Three months ended September 30, \n2020 | | 2019 | Period over period growth | | Adjusted Net Revenue (2) | | | | | | | Merchant Services, excluding Purchased Portfolios | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 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 incorporat ...