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i3 Verticals, Inc. (IIIV)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-30-21Sep-30-20Sep-30-19Mar-31-19Sep-30-18Mar-31-18Sep-30-17
   10-K10-K10-K10-KS-110-KS-110-K
Revenues:  
    Software and Services  193.4114.451.0     
    Merchant Services  124.5111.9100.9339.0 303.7 248.0
    Proprietary Software and Payments     37.3 19.8 14.6
Total revenues  317.9224.1150.1376.3338.9323.5293.0262.6
            Revenue growth   [+]41.8%49.3%-60.1%16.3%15.6%23.2% 31.5%
Cost of goods sold  73.457.747.2287.15.8254.916.5217.9
Gross profit  244.5166.4102.989.2333.068.7276.544.7
            Gross margin  76.9%74.3%68.5%23.7%98.3%21.2%94.4%17.0%
Selling, general and administrative  193.8134.978.362.948.440.633.327.2
Other operating expenses      -3.9 -1.0 
EBITDA   [+]50.731.524.626.3288.628.1244.217.5
            EBITDA margin  16.0%14.1%16.4%7.0%85.2%8.7%83.3%6.7%
Depreciation  11.58.65.84.213.42.510.92.4
EBITA  39.223.018.822.2275.125.6233.315.1
            EBITA margin  12.3%10.2%12.5%5.9%81.2%7.9%79.6%5.7%
Amortization of intangibles  17.915.812.412.4 9.3 7.7
EBIT   [+]21.37.16.49.8275.116.2233.37.4
            EBIT margin  6.7%3.2%4.2%2.6%81.2%5.0%79.6%2.8%
Non-recurring items   [+]23.77.1-1.43.43.93.91.0-0.2
Interest expense  14.89.88.96.0 8.5 6.9
Other income (expense), net   [+]-1.02.6-2.6 -267.3-8.5-238.10.4
Pre-tax income  -18.2-7.2-3.80.43.9-4.6-5.81.1
Income taxes  5.00.6-2.8-0.20.60.30.10.2
            Tax rate    74.1% 15.4%  16.4%
Minority interest  -6.1-3.4-0.63.6 1.9  
Net income  -17.1-4.5-0.4-3.03.3-6.9-5.90.9
            Net margin  -5.4%-2.0%-0.3%-0.8%1.0%-2.1%-2.0%0.3%
   
Basic EPS   [+]($0.77)($0.21)($0.03)($0.29) ($0.78)  
Diluted EPS   [+]($0.77)($0.14)($0.03)($0.29) ($0.26)  
   
Shares outstanding (basic)   [+]22.221.013.710.5 8.8  
Shares outstanding (diluted)   [+]22.231.714.810.5 26.9  
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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