I3 Verticals Inc
F:V1K
Income Statement
Earnings Waterfall
I3 Verticals Inc
Income Statement
I3 Verticals Inc
| Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Interest Expense |
7
|
8
|
8
|
7
|
6
|
5
|
6
|
7
|
8
|
9
|
9
|
9
|
9
|
9
|
10
|
11
|
12
|
13
|
15
|
17
|
20
|
23
|
25
|
26
|
28
|
29
|
29
|
23
|
16
|
9
|
2
|
0
|
|
| Revenue |
293
N/A
|
311
+6%
|
324
+4%
|
331
+2%
|
339
+2%
|
352
+4%
|
376
+7%
|
333
-12%
|
286
-14%
|
221
-23%
|
150
-32%
|
154
+2%
|
164
+7%
|
195
+19%
|
224
+15%
|
253
+13%
|
282
+11%
|
300
+6%
|
318
+6%
|
330
+4%
|
346
+5%
|
359
+4%
|
190
-47%
|
376
+98%
|
395
+5%
|
357
-10%
|
191
-47%
|
292
+52%
|
242
-17%
|
238
-2%
|
213
-10%
|
223
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||
| Cost of Revenue |
(237)
|
(248)
|
(255)
|
(259)
|
(264)
|
(271)
|
(287)
|
(234)
|
(182)
|
(117)
|
(47)
|
(48)
|
(47)
|
(54)
|
(58)
|
(61)
|
(66)
|
(70)
|
(73)
|
(76)
|
(79)
|
(80)
|
(55)
|
(82)
|
(71)
|
(65)
|
(61)
|
(50)
|
(63)
|
(65)
|
(67)
|
(74)
|
|
| Gross Profit |
56
N/A
|
63
+13%
|
69
+9%
|
73
+6%
|
75
+4%
|
80
+7%
|
89
+11%
|
98
+10%
|
105
+7%
|
104
-1%
|
103
-1%
|
106
+3%
|
116
+10%
|
142
+22%
|
166
+17%
|
193
+16%
|
217
+12%
|
230
+6%
|
245
+6%
|
254
+4%
|
267
+5%
|
279
+5%
|
135
-52%
|
294
+118%
|
325
+10%
|
302
-7%
|
131
-57%
|
252
+93%
|
189
-25%
|
173
-9%
|
147
-15%
|
148
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Expenses |
(45)
|
(52)
|
(56)
|
(60)
|
(66)
|
(72)
|
(83)
|
(91)
|
(96)
|
(95)
|
(95)
|
(102)
|
(114)
|
(140)
|
(165)
|
(191)
|
(222)
|
(238)
|
(246)
|
(248)
|
(249)
|
(256)
|
(137)
|
(269)
|
(301)
|
(262)
|
(126)
|
(222)
|
(159)
|
(167)
|
(143)
|
(146)
|
|
| Selling, General & Administrative |
(33)
|
(38)
|
(41)
|
(44)
|
(48)
|
(55)
|
(63)
|
(70)
|
(76)
|
(77)
|
(78)
|
(84)
|
(93)
|
(112)
|
(133)
|
(155)
|
(173)
|
(183)
|
(193)
|
(196)
|
(205)
|
(213)
|
(106)
|
(222)
|
(252)
|
(222)
|
(101)
|
(186)
|
(129)
|
(136)
|
(115)
|
(117)
|
|
| Depreciation & Amortization |
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(23)
|
(24)
|
(26)
|
(28)
|
(28)
|
(29)
|
(31)
|
(33)
|
(35)
|
(23)
|
(38)
|
(43)
|
(40)
|
(26)
|
(36)
|
(29)
|
(30)
|
(28)
|
(29)
|
|
| Other Operating Expenses |
(1)
|
(3)
|
(4)
|
(3)
|
(4)
|
(2)
|
(3)
|
(4)
|
(1)
|
(0)
|
1
|
(0)
|
(1)
|
(6)
|
(7)
|
(10)
|
(21)
|
(26)
|
(24)
|
(20)
|
(11)
|
(9)
|
(10)
|
(9)
|
(6)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(0)
|
0
|
|
| Operating Income |
11
N/A
|
11
+2%
|
12
+14%
|
13
+1%
|
10
-22%
|
8
-18%
|
6
-20%
|
7
+9%
|
9
+31%
|
8
-9%
|
8
-7%
|
3
-62%
|
3
-13%
|
1
-46%
|
2
+36%
|
2
N/A
|
(6)
N/A
|
(8)
-32%
|
(2)
+79%
|
6
N/A
|
18
+187%
|
23
+29%
|
(3)
N/A
|
26
N/A
|
24
-6%
|
20
-16%
|
5
-77%
|
9
+99%
|
9
0%
|
6
-38%
|
4
-32%
|
2
-39%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||
| Interest Income Expense |
(9)
|
(10)
|
(9)
|
(7)
|
(6)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(17)
|
(20)
|
(23)
|
(25)
|
(26)
|
(35)
|
(36)
|
(29)
|
(29)
|
(15)
|
(8)
|
(1)
|
(1)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
5
|
7
|
7
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
|
| Total Other Income |
(8)
|
(8)
|
(9)
|
(7)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(3)
|
(0)
|
1
|
3
|
3
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
(2)
|
0
|
0
|
3
|
4
|
1
|
1
|
0
|
0
|
|
| Pre-Tax Income |
(6)
N/A
|
(7)
-19%
|
(5)
+32%
|
(1)
+70%
|
4
N/A
|
3
-18%
|
0
-87%
|
(0)
N/A
|
1
N/A
|
(1)
N/A
|
(4)
-322%
|
(9)
-132%
|
(8)
+15%
|
(8)
-9%
|
(7)
+12%
|
(8)
-11%
|
(19)
-135%
|
(22)
-16%
|
(18)
+17%
|
(14)
+25%
|
(5)
+64%
|
(2)
+51%
|
(28)
-1 080%
|
(3)
+90%
|
(10)
-274%
|
(15)
-51%
|
(22)
-39%
|
(16)
+26%
|
(3)
+79%
|
5
N/A
|
11
+126%
|
8
-23%
|
|
| Net Income | |||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
0
|
2
|
2
|
3
|
3
|
1
|
0
|
(1)
|
(1)
|
(2)
|
1
|
(5)
|
(6)
|
(4)
|
(8)
|
4
|
1
|
3
|
(1)
|
5
|
5
|
0
|
6
|
(5)
|
(6)
|
|
| Income from Continuing Operations |
(6)
|
(7)
|
(5)
|
(2)
|
3
|
4
|
1
|
0
|
3
|
1
|
(1)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(20)
|
(21)
|
(23)
|
(19)
|
(9)
|
(11)
|
(25)
|
(1)
|
(8)
|
(16)
|
(16)
|
(10)
|
(3)
|
10
|
6
|
3
|
|
| Income to Minority Interest |
0
|
0
|
(2)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(2)
|
1
|
4
|
5
|
3
|
3
|
4
|
7
|
7
|
6
|
5
|
2
|
2
|
8
|
2
|
3
|
5
|
5
|
3
|
1
|
(1)
|
(2)
|
(1)
|
|
| Net Income (Common) |
(6)
N/A
|
(7)
-26%
|
(7)
+5%
|
(6)
+7%
|
(1)
+89%
|
(1)
-86%
|
(3)
-131%
|
(3)
-10%
|
(2)
+55%
|
(1)
+53%
|
(0)
+43%
|
(2)
-500%
|
(2)
+25%
|
(5)
-161%
|
(5)
+4%
|
(5)
-11%
|
(14)
-174%
|
(14)
-3%
|
(17)
-21%
|
(15)
+13%
|
(7)
+50%
|
(9)
-20%
|
(1)
+91%
|
0
N/A
|
3
+667%
|
1
-69%
|
113
+10 473%
|
115
+2%
|
112
-3%
|
133
+18%
|
18
-87%
|
16
-9%
|
|
| EPS (Diluted) |
-0.22
N/A
|
-0.28
-27%
|
-0.26
+7%
|
-0.64
-146%
|
-0.09
+86%
|
-0.12
-33%
|
-0.29
-142%
|
-0.23
+21%
|
-0.09
+61%
|
-0.05
+44%
|
-0.03
+40%
|
-0.11
-267%
|
-0.05
+55%
|
-0.21
-320%
|
-0.21
N/A
|
-0.24
-14%
|
-0.61
-154%
|
-0.63
-3%
|
-0.77
-22%
|
-0.66
+14%
|
-0.21
+68%
|
-0.38
-81%
|
-0.03
+92%
|
0.01
N/A
|
0.14
+1 300%
|
0.04
-71%
|
4.83
+11 975%
|
3.39
-30%
|
4.71
+39%
|
5.45
+16%
|
0.71
-87%
|
0.64
-10%
|
|