Core Insights - i3 Verticals, Inc. reported financial results for the fourth quarter and full fiscal year 2025, showing revenue growth and improved net income from continuing operations compared to the previous year [1][5][7]. Financial Performance - Fourth quarter revenue from continuing operations was $54.9 million, a 7.0% increase from the prior year's fourth quarter, while full year revenue was $213.2 million, reflecting an 11.5% increase [5]. - Fourth quarter net income from continuing operations was $1.5 million, down from $6.3 million in the prior year's fourth quarter. For the full year, net income from continuing operations was $5.6 million, compared to a net loss of $16.0 million for the year ended September 30, 2024 [5]. - Adjusted EBITDA from continuing operations for the fourth quarter was $14.4 million, a decrease of 1.5% year-over-year, while for the full year, it was $57.5 million, an increase of 14.0% [5][28]. - Annualized Recurring Revenue (ARR) for the fourth quarter was $165.3 million, representing a growth rate of 9.2% compared to the previous year [5][6]. Strategic Developments - The company emphasized its focus on recurring revenue sources, which include software-as-a-service (SaaS) arrangements and transaction-based software revenue [6]. - i3 Verticals announced a new contract with the Supreme Court of Appeals of West Virginia for statewide implementation of its case management software, indicating ongoing investments in new solutions for courts and utilities [8][9]. 2026 Outlook - The company provided guidance for the fiscal year ending September 30, 2026, projecting revenue between $217 million and $232 million, adjusted EBITDA between $58.5 million and $65 million, and adjusted diluted earnings per share between $1.06 and $1.16 [9][10].