Business
i3 Verticals Reports Second Quarter 2025 Financial Results
Completes Acquisition of Utility Billing Software Company Completes Divestiture of Healthcare RCM Business NASHVILLE, Tenn.--(BUSINESS WIRE)-- i3 Verticals,
About this update from I3 Verticals, Inc.
[{"type":"text","content":"\nCompletes Acquisition of Utility Billing Software Company\n\nCompletes Divestiture of Healthcare RCM Business\n\n NASHVILLE, Tenn.--(BUSINESS WIRE)--\ni3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal second quarter ended March 31, 2025.\n\nHighlights from continuing operations1 for the three and six months ended March 31, 2025 vs. 2024\n\n\nSecond quarter revenue was $63.1 million, an increase of 8.8% over the prior year's second quarter. Revenue for the six months ended March 31, 2025, was $124.8 million, an increase of 10.4% over the prior year's first six months.\n\n\nSecond quarter net income from continuing operations1 was $1.1 million, compared to net loss from continuing operations1 of $2.3 million in the prior year's second quarter. Net income for the six months ended March 31, 2025, was $4.4 million, compared to a net loss of $6.5 million in the prior year's first six months.\n\n\nSecond quarter net income from continuing operations attributable to i3 Verticals, Inc.1 was $0.1 million, compared to net loss from continuing operations attributable to i3 Verticals, Inc.1 of $1.7 million in the prior year's second quarter. Net income from continuing operations attributable to i3 Verticals, Inc.1 for the six months ended March 31, 2025, was $2.3 million, compared to net loss from continuing operations attributable to i3 Verticals, Inc.1 of $4.6 million in the prior year's first six months.\n\n\nSecond quarter adjusted EBITDA from continuing operations1,2 was $17.1 million, an increase of 12.7% over the prior year's second quarter. Adjusted EBITDA from continuing operations1,2 for the six months ended March 31, 2025, was $33.5 million, an increase of 14.8% over the prior year's first six months.\n\n\nSecond quarter adjusted EBITDA from continuing operations1,2 as a percentage of revenue was 27.2%, compared to 26.2% in the prior year's second quarter. Adjusted EBITDA from continuing operations1 a percentage of revenue for the six months ended March 31, 2025, was 26.9%, compared to 25.8% in the prior year's first six months.\n\n\nSecond quarter diluted net income per share attributable to Class A common stockholders from continuing operations1,3 was $0.00, compared to diluted net loss per share attributable to Class A common stockholders from continuing op...