For the quarter ending 2025-12-31, IIIV had -$28,160K decrease in cash & cash equivalents over the period. $13,808K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Gain (loss) on disposition of business-Merchant Services Business | - | - | -661 |
| Gain (loss) on disposition of business-Healthcare RCMBusiness | - | - | 25,960 |
| Amortization of debt discount and issuance costs | - | 961 | - |
| Gain on repurchase of exchangeable notes | - | 0 | 0 |
| Acquisition escrow obligations | - | 0 | -2,174 |
| Loss on sale of exchangeable senior note hedges | - | 0 | 0 |
| Gain on repurchases of warrants | - | 0 | 0 |
| Net income | 947 | 4,201 | 22,302 |
| Net gain on sale of investments | - | 0 | - |
| Depreciation and amortization | 6,865 | 7,052 | 22,788 |
| Gain on sale of businesses | - | 25,960 | - |
| Equity-based compensation | 5,178 | 3,202 | 15,142 |
| Write down of intangible asset | - | 0 | - |
| Amortization of debt issuance costs | -530 | - | 746 |
| Provision for deferred income taxes | -71 | 1,330 | 3,644 |
| Non-cash lease expense | 539 | 582 | 1,933 |
| Changes in non-cash contingent consideration expense from original estimate | -374 | -207 | 1,743 |
| Other non-cash adjustments to net income | -524 | -401 | -36 |
| Accounts receivable | -10,256 | 9,366 | -1,955 |
| Prepaid expenses and other current assets | 1,586 | 1,260 | 922 |
| Other assets | 918 | 994 | 1,023 |
| Accounts payable | -2,136 | 1,682 | -677 |
| Accrued expenses and other current liabilities | -4,710 | 5,370 | -37,450 |
| Deferred revenue | -862 | 5,828 | -7,597 |
| Operating lease liabilities | -622 | -599 | -2,561 |
| Other long-term liabilities | 877 | -2,806 | -102 |
| Contingent consideration paid in excess of original estimates | 0 | 0 | 760 |
| Proceeds from sale of healthcare rcm business, net of cash sold | - | - | 96,102 |
| Net cash provided by operating activities | 14,123 | 13,970 | -8,276 |
| Expenditures for property and equipment | 315 | 425 | 1,516 |
| Purchases of merchant portfolios and residual buyouts | - | 0 | 12 |
| Acquisitions of businesses, net of cash acquired | - | 0 | 11,000 |
| Proceeds from sale of merchant services business, net of cash sold-Merchant Services Business | - | 0 | - |
| Proceeds from sale of property and equipment | 448 | 0 | 1,501 |
| Proceeds from sale of merchant services business, net of cash sold-Healthcare RCMBusiness | - | 96,102 | - |
| Expenditures for capitalized software | 1,965 | 1,893 | 6,301 |
| Payments for other investing activities | - | 0 | 0 |
| Proceeds from investments | - | 0 | 0 |
| Net cash used in investing activities | -1,832 | -2,318 | 78,774 |
| Net payments for settlement obligations | - | 221 | - |
| Proceeds from revolving credit facility | 612 | 350 | 58,024 |
| Cash paid for contingent consideration | - | 17 | 800 |
| Payments on revolving credit facility | 612 | 350 | 58,024 |
| Payments to extinguish exchangeable notes | - | 0 | 26,223 |
| Payments for repurchase of exchangeable notes | - | 0 | 0 |
| Proceeds from sale of exchangeable senior note hedges | - | 0 | 0 |
| Payments for required distributions to members under the tax receivable agreement | - | 78 | 9,954 |
| Payments for repurchases of warrants | - | 0 | 0 |
| Payments of debt issuance costs | - | 7 | 249 |
| Payments for repurchases of class a common stock | 37,938 | 0 | 37,604 |
| Net proceeds from settlement obligations | -1,603 | - | 614 |
| Payments for required distributions to members or on behalf of members for tax obligations | 23 | 418 | 24,849 |
| Proceeds from stock option exercises | 129 | 150 | 150 |
| Payments for employees' tax withholdings from net settled stock option exercises and rsu releases | 3,608 | 154 | 4,140 |
| Net cash used in financing activities | -40,451 | -131 | -104,283 |
| Net decrease in cash, cash equivalents and restricted cash | -28,160 | 11,521 | -33,785 |
| Cash and cash equivalents at beginning of period | 67,333 | 89,597 | - |
| Cash and cash equivalents at end of period | 39,173 | 67,333 | - |
i3 Verticals, Inc. (IIIV)
i3 Verticals, Inc. (IIIV)