I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q2 2025 Earnings Presentation
19 slides from I3 Verticals's earnings presentation, May 9, 2025
Slide 1: Q2 Fiscal Year 2025 Supplemental Information
Q2 FISCAL YEAR 2025 Supplemental Information 1
Slide 2: Revenue Composition
(1) Revenue Composition ($ in thousands) Quarter Ended March 31, December 31, September 30, March 31, December 31, September 30, March 31, 2025 2024 2024 June 30, 2024 2024 2023 2023 June 30, 2023 2023 Software and related service revenue SaaS(2) $ 10,585 $ 10,182 $ 9,677 $ 8,834 $ 8,809 $ 8,742 $ 8
Slide 3: Revenue Composition footnotes
Revenue Composition 1.) As a result of the sale of our merchant services business (the “Merchant Services Business”) on September 20, 2024, the historical results of our Merchant Services Business have been reflected in discontinued operations in the results of operations included in this supplement
Slide 4: Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo
Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo(1) ($ in thousands) Quarter Ended March 31, December September June 30, March 31, December September June 30, March 31, 2025 31, 2024 30, 2024 2024 2024 31, 2023 30, 2023 2023 2023 Total - Software and related service reven
Slide 5: Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo
Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo(1) ($ in thousands) Quarter Ended March 31, December September June 30, March 31, December September June 30, March 31, 2025 31, 2024 30, 2024 2024 2024 31, 2023 30, 2023 2023 2023 Total - Payments revenue $ 14,141 $ 13,511
Slide 6: Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo footnotes
Revenue Composition - Reconciliation of Healthcare RCM Business and RemainCo(1) 1.) In connection with the sale of our Healthcare RCM business on May 5, 2025, as noted above, Slides 4 and 5 present certain revenue-related information (i) with respect to the Healthcare RCM Business, (ii) with respect
Slide 7: Q2 Fiscal 2025 GAAP Measures; Use of Non-GAAP Financial Measures
Q2 Fiscal 2025 GAAP Measures; Use of Non-GAAP Financial Measures The following is our income (loss) from operations for the three and six months ended March 31, 2025 and 2024 calculated in accordance with GAAP and presented for continuing operations only. ($ in thousands) Three Months Ended March 31
Slide 8: Q2 2025 QTD Segment Performance
Q2 2025 QTD Segment Performance(1) ($ in thousands) Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Public Sector Healthcare Other Total Public Sector Healthcare Other Total Revenue from continuing operations $ 52,405 $ 10,857 $ (203) $ 63,059 $ 47,097 $ 11,053 $ (182) $ 57,968 R
Slide 9: Q2 2025 YTD Segment Performance
Q2 2025 YTD Segment Performance(1) ($ in thousands) Six Months Ended March 31, 2025 Six Months Ended March 31, 2024 Public Sector Healthcare Other Total Public Sector Healthcare Other Total Revenue from continuing operations $ 101,190 $ 24,028 $ (468) $ 124,750 $ 90,595 $ 22,633 $ (206) $ 113,022 Re
Slide 10: Reconciliation of QTD Non-GAAP Financial Measures
Reconciliation of QTD Non-GAAP Financial Measures(1) The reconciliation of our income (loss) from continuing operations attributable to i3 Verticals, Inc. to non-GAAP adjusted income (loss) before taxes from continuing operations, non-GAAP adjusted net income from continuing operations and non-GAAP
Slide 11: Reconciliation of QTD Non-GAAP Financial Measures
Reconciliation of QTD Non-GAAP Financial Measures(1) The reconciliation of our GAAP diluted EPS from continuing operations and non-GAAP Adjusted diluted EPS from continuing operations for the three months ended March 31, 2025, and March 31, 2024, is as follows: ($ in thousands, except share and per
Slide 12: Reconciliation of QTD Non-GAAP Financial Measures
Reconciliation of QTD Non-GAAP Financial Measures 1.) Following the disposal of our Merchant Services Business in the fourth quarter of fiscal year 2024, our core business is providing software solutions for key verticals. Given the change in our business model following the sale of our Merchant Ser
Slide 13: Reconciliation of QTD Non-GAAP Financial Measures
Reconciliation of QTD Non-GAAP Financial Measures 14.) Represents a non-GAAP financial measure. 15.) Diluted net income (loss) per share attributable to Class A common stockholders from continuing operations and adjusted diluted earnings per share from continuing operations both exclude the disconti
Slide 14: Reconciliation of YTD Non-GAAP Financial Measures
Reconciliation of YTD Non-GAAP Financial Measures(1) The reconciliation of our income (loss) from continuing operations to non-GAAP adjusted net income from continuing operations and non-GAAP adjusted EBITDA from continuing operations, on both a consolidated basis and at a segment level, for the six
Slide 15: Reconciliation of YTD Non-GAAP Financial Measures
Reconciliation of YTD Non-GAAP Financial Measures(1) The reconciliation of our GAAP diluted EPS from continuing operations and non-GAAP Adjusted diluted EPS from continuing operations for the six months ended March 31, 2025, and March 31, 2024, is as follows: ($ in thousands, except share and per sh
Slide 16: Reconciliation of YTD Non-GAAP Financial Measures
Reconciliation of YTD Non-GAAP Financial Measures 1.) Following the disposal of our Merchant Services Business in the fourth quarter of fiscal year 2024, our core business is providing software solutions for key verticals. Given the change in our business model following the sale of our Merchant Ser
Slide 17: Reconciliation of YTD Non-GAAP Financial Measures
Reconciliation of YTD Non-GAAP Financial Measures 14.) Represents a non-GAAP financial measure. 15.) Diluted net income (loss) per share attributable to Class A common stockholders from continuing operations and adjusted diluted earnings per share from continuing operations both exclude the disconti
Slide 18: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures(1) The reconciliation of our quarterly income (loss) from continuing operations attributable to i3 Verticals, Inc. to non-GAAP adjusted income (loss) before taxes from continuing operations, non-GAAP adjusted net income from continuing operations and non
Slide 19: Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Following the disposal of our Merchant Services Business in the fourth quarter of fiscal year 2024, our core business is providing software solutions for key verticals. Given the change in our business model following the sale of our Merchant Service