i3 Verticals(US:IIIV)2025-05-09 11:16Financial Performance Highlights - Total revenue for Q2 Fiscal Year 2025 reached $63059 thousand, a 9% year-over-year increase[4] - Software and related service revenue totaled $46223 thousand, with a 10% year-over-year growth[4] - Payments revenue amounted to $14141 thousand, reflecting a 4% year-over-year increase[4] - Total Annualized Recurring Revenue (ARR) reached $199052 thousand, a 7% increase compared to the previous year[4] Segment Performance - Public Sector revenue from continuing operations for the three months ended March 31, 2025, was $52405 thousand, an 11% increase[15] - Healthcare revenue from continuing operations for the same period was $10857 thousand, a decrease of 2%[15] - Adjusted EBITDA from continuing operations was $17142 thousand, a 13% increase[15] - Adjusted diluted earnings per share from continuing operations was $032[18] Strategic Business Changes - The company sold its healthcare revenue cycle management business (the "Healthcare RCM Business") on May 5, 2025[5] - Historical results of the Merchant Services Business have been reflected in discontinued operations following its sale on September 20, 2024[5] Non-GAAP Measures - Adjusted EBITDA from continuing operations equals net income (loss) from continuing operations attributable to i3 Verticals Inc, before interest, income taxes, depreciation and amortization, adjusted to add back net income (loss) from continuing operations attributable to non-controlling interest, and to exclude certain items which the Company believes do not fully reflect our underlying operating performance[14]