i3 Verticals, Inc. Financial Ratios — V1K Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	- -	- -	-32.5	-5.1	-0.36	-2.47	-8.08	-0.36	36.77	4.65
Return on Assets (%)	- -	0.75	-4.38	-1.16	-0.11	-0.84	-2.41	-0.1	14.04	2.61
Return on Capital (%)	- -	7.13	- -	- -	- -	- -	- -	- -	- -	1.95
Return on Invested Capital (%)	- -	6.76	- -	- -	- -	- -	- -	- -	- -	0.35
Gross Margin (%)	18.39	17.01	21.22	23.7	68.54	74.25	93.16	71.1	68.35	68.76
EBITDA Margin (%)	6.94	6.74	7.48	6.1	17.31	10.89	3.35	16.9	21.86	15.77
Operating Margin (%)	3.22	2.89	5.02	2.6	4.24	3.18	-0.57	2.94	2.29	1.88
Incremental Operating Margin (%)	- -	1.87	14.16	- -	1.51	1.03	22.56	344.53	- -	- -
Pretax Margin (%)	-0.93	0.41	-1.43	0.1	-2.51	-3.22	-20.72	-14.93	-11.25	5.11
Profit Margin (%)	-1.05	0.34	-2.13	-0.81	-0.28	-1.99	-9.11	-0.43	59.27	8.38
Net Income to Common Margin (%)	-1.05	0.34	-2.13	-0.81	-0.28	-1.99	-9.11	-0.43	59.27	8.38
Effective Tax Rate (%)	- -	16.4	- -	- -	- -	- -	- -	- -	- -	48.38
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-32.5	-5.1	-0.36	-2.47	-8.08	-0.36	36.77	4.65

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	84	111	37	139	91	216	306	401	33	5
ST Debt	5	4	5	- -	- -	3	5	4	29	2
LT Debt	79	107	32	139	91	213	301	397	5	3
Total Debt/EBITDA	6.03	6.27	1.52	6.07	3.49	8.84	48.64	12.5	0.8	0.14
Net Debt/EBITDA	5.75	6.21	1.5	6.02	2.89	8.07	45.13	12.01	-1.44	-1.98
Total Debt/EBIT	21.08	14.58	2.98	21.8	11.68	-17,980.5	-13.21	-90.83	7.67	1.27
Net Debt/EBIT	20.13	14.46	2.93	21.62	9.67	-16,413.67	-12.25	-87.26	-13.85	-17.65
EBITDA to Interest Expense	2.35	2.55	2.85	3.82	2.91	2.49	0.43	1.28	1.43	14.62
EBITDA-CapEx/Interest Expense	2.2	2.46	2.45	3.68	2.57	2.48	0.42	1.28	1.43	14.62
EBIT to Interest Expense	1.09	1.1	1.91	1.63	0.71	0.73	-0.07	0.22	0.15	1.74
Interest Expense	6	7	8	6	9	10	15	25	29	2
Common Equity/Total Assets	-9.48	2.25	22.44	22.92	38.55	31.41	28.35	26.77	51.97	61.02
Long-Term Debt/Equity (%)	- -	3,395.93	28.32	97.79	37.79	73.4	97.83	120.92	0.95	0.57
Long-Term Debt/Capital (%)	106.09	93.73	21.33	49.44	27.43	42.06	49.08	54.46	0.89	0.57
Long-Term Debt/Total Assets (%)	78.32	76.32	18.14	39.88	22.49	32.61	39.08	44.89	0.67	0.46
Total Debt/Equity (%)	-878.41	3,523.08	32.78	97.79	37.79	74.51	99.32	122.03	6.48	0.93
Total Debt/Capital (%)	112.85	97.24	24.69	49.44	27.43	42.7	49.83	54.96	6.09	0.92
Total Debt/Total Assets (%)	83.3	79.17	21	39.88	22.49	33.1	39.67	45.3	4.57	0.75
Net Debt to Equity	-838.71	3,492.72	32.27	97.01	31.31	68.01	92.15	117.24	-11.7	-12.88
Net Debt/Capital (%)	113.54	97.22	24.4	49.24	23.84	39.26	46.5	53.03	-13.05	-14.63
EBITDA	14	18	24	23	26	24	6	32	42	34
EBITDA-CapEx	13	17	21	22	23	24	6	32	42	34
Operating Income (Loss)	6	8	16	10	6	7	-1	6	4	4

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	0.19	0.05	0.02	0.03	0.4	0.04	0.03	0.03	0.53	0.94
Current Ratio	0.77	0.78	0.63	0.58	0.98	0.6	0.75	0.92	0.93	1.95
Quick Ratio	0.49	0.46	0.49	0.47	0.85	0.44	0.56	0.58	0.83	1.77
CFO/Avg Current Liab	- -	0.41	0.77	0.86	0.64	0.66	0.42	0.36	0.37	0.05
Common Equity/Total Assets	-9.48	2.25	22.44	22.92	38.55	31.41	28.35	26.77	51.97	61.02
Long-Term Debt/Equity (%)	- -	3,395.93	28.32	97.79	37.79	73.4	97.83	120.92	0.95	0.57
Long-Term Debt/Capital (%)	106.09	93.73	21.33	49.44	27.43	42.06	49.08	54.46	0.89	0.57
Long-Term Debt/Total Assets (%)	78.32	76.32	18.14	39.88	22.49	32.61	39.08	44.89	0.67	0.46
Total Debt/Equity (%)	-878.41	3,523.08	32.78	97.79	37.79	74.51	99.32	122.03	6.48	0.93
Total Debt/Capital (%)	112.85	97.24	24.69	49.44	27.43	42.7	49.83	54.96	6.09	0.92
Total Debt/Total Assets (%)	83.3	79.17	21	39.88	22.49	33.1	39.67	45.3	4.57	0.75
CFO/Total Liabilities	9.11	6.09	28.72	12.86	14.52	12.29	9.46	6.68	22.48	4.72
CFO/CapEx	11.31	12.93	5.33	30.26	7.75	428.2	3,366.08	- -	- -	- -
Altman's Z-Score	- -	- -	18.75	7.49	3.54	2.22	1.3	0.99	2.56	6.16

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	- -	36.02	30.94	27.04	9.13	8	4.09	3.64	3.77	3.9
Days Sales Outstanding	- -	10.13	11.8	13.5	39.96	45.63	89.27	100.18	96.93	93.53
Inventory Turnover	- -	- -	- -	258.19	36.29	32.7	4.05	17.8	27.13	26.96
Days Inventory Outstanding	- -	- -	- -	1.41	10.06	11.16	90.17	20.51	13.45	13.54
Accounts Payable Turnover	- -	- -	- -	76.13	12.97	10.01	1.71	6.71	10.82	11.98
Accounts Payable Turnover Days	- -	- -	- -	4.79	28.13	36.46	213.12	54.38	33.73	30.47
Cash Conversion Cycle	- -	- -	- -	10.12	21.88	20.33	-33.68	66.31	76.65	76.6
Inventory to Cash Days	- -	- -	- -	12.09	29.9	34.47	-0.9	79.67	83.47	80
Inventories	- -	- -	1	1	1	2	4	2	2	3
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	1	1	1	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	2	4	2	2	3

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	- -	- -	205	283	460	546	460	497	511	777
- Cash & Cash Equivalents	4	1	1	1	16	4	3	3	87	67
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	73	62	85	85	89	92	136	128
+ Total Debt	84	111	37	139	91	216	306	401	33	5
Enterprise Value	- -	- -	314	484	620	843	851	986	593	843
Total Capital	74	114	149	282	331	505	613	729	549	523
Total Debt/Capital (%)	112.85	97.24	24.69	49.44	27.43	42.7	49.83	54.96	6.09	0.92
Total Debt / EV	- -	- -	0.12	0.29	0.15	0.26	0.36	0.41	0.06	0.01
EV/Sales	- -	- -	0.97	1.29	4.13	3.76	4.53	5.2	3.1	3.96
EV/EBITDA	- -	- -	12.96	21.08	23.85	34.53	135.43	30.76	14.19	25.08
EV/EBIT	- -	- -	25.37	75.74	79.75	- -	- -	- -	136.21	223.24
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	122.54
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	122.54
Diluted Market Cap	- -	- -	603	206	669	786	445	710	522	812
Diluted Enterprise Value	- -	- -	712	406	829	1,083	836	1,199	605	878
EV per Share	- -	- -	34.42	33.51	32.86	38.26	37.02	42.4	24.84	35.16
TTM Sales	200	263	324	376	150	224	188	190	191	213
TTM EBITDA	14	18	24	23	26	24	6	32	42	34
TTM Operating Income	6	8	16	10	6	7	-1	6	4	4
TTM Cash Flow to Firm	- -	14	- -	- -	- -	- -	- -	- -	- -	7
TTM Free Cash Flow to Firm	- -	13	- -	- -	- -	- -	- -	- -	- -	7

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	- -	- -	41.07	8	32.39	17.69	10.17	19.11	10.79	142.63
EV/EBIT	- -	- -	25.37	75.74	79.75	- -	- -	- -	136.21	223.24
Enterprise Value	- -	- -	314	484	620	843	851	986	593	843
Low Price	- -	- -	14.78	17.75	13.54	20.26	17.75	18.63	17.8	20.55
EV/Sales	- -	- -	0.97	1.29	4.13	3.76	4.53	5.2	3.1	3.96
EV/EBITDA	- -	- -	12.96	21.08	23.85	34.53	135.43	30.76	14.19	25.08
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	4.42	43.34
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	4.36	34.89
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	5.19	44.5
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	3.68	27.5
Price/Book Value	- -	- -	5.2	3.54	2.96	2.67	2.1	2.1	1.34	1.99
Price/Book Value Average	- -	- -	4.36	4.2	3.14	3.17	2.52	2.35	1.33	1.61
Price/Book Value High	- -	- -	5.25	5.39	4.37	3.79	3.11	3.04	1.58	2.05
Price/Book Value Low	- -	- -	3.43	3.2	1.64	2.18	1.87	1.83	1.12	1.27
Price/Tangible Book Value	- -	- -	-1.79	-1.34	-2.92	-1.82	-1.2	-1.97	-8.81	-18.07
Price/Tangible Book Value Average	- -	- -	-1.5	-1.59	-3.1	-2.16	-1.43	-2.2	-8.69	-14.55
Price/Tangible Book Value High	- -	- -	-1.81	-2.04	-4.31	-2.58	-1.77	-2.85	-10.34	-18.55
Price/Tangible Book Value Low	- -	- -	-1.18	-1.21	-1.62	-1.48	-1.06	-1.72	-7.33	-11.46
Price/Sales	- -	- -	0.61	0.55	2.41	2.32	2.37	2.61	2.62	3.63
Price/Sales Average	- -	- -	0.51	0.65	2.56	2.76	2.84	2.91	2.58	2.93
Price/Sales High	- -	- -	0.62	0.83	3.56	3.3	3.5	3.78	3.08	3.73
Price/Sales Low	- -	- -	0.4	0.49	1.34	1.9	2.1	2.27	2.18	2.31
Price/Cash Flow	- -	- -	10.94	7.74	15.25	11.68	10.16	13.3	10.34	136.04
Price/Cash Flow Average	- -	- -	9.17	9.17	16.18	13.91	12.17	14.86	10.21	109.51
Price/Cash Flow High	- -	- -	11.05	11.78	22.53	16.61	15.01	19.29	12.15	139.67
Price/Cash Flow Low	- -	- -	7.2	7	8.47	9.55	9.02	11.6	8.61	86.31
Price/Free Cash Flow Average	- -	- -	34.41	9.49	34.36	21.07	12.18	21.36	10.65	114.82
Price/Free Cash Flow High	- -	- -	41.47	12.19	47.84	25.16	15.01	27.72	12.67	146.44
Price/Free Cash Flow Low	- -	- -	27.04	7.24	17.98	14.46	9.03	16.66	8.98	90.49
EV/Sales Average	- -	- -	0.87	1.43	4.32	4.23	5.02	5.51	3.07	3.24
EV/Sales High	- -	- -	0.98	1.68	5.59	4.79	5.7	6.38	3.57	4.05
EV/Sales Low	- -	- -	0.75	1.21	2.77	3.32	4.26	4.86	2.65	2.62
EV/EBITDA Average	- -	- -	11.59	23.37	24.93	38.8	149.88	32.58	14.03	20.57
EV/EBITDA High	- -	- -	13.04	27.53	32.3	43.97	170.27	37.75	16.32	25.7
EV/EBITDA Low	- -	- -	10.07	19.91	15.98	30.45	127.23	28.77	12.14	16.63
EV/EBIT Average	- -	- -	22.69	83.96	83.36	- -	- -	- -	134.64	183.13
EV/EBIT High	- -	- -	25.53	98.91	108	- -	- -	- -	156.68	228.73
EV/EBIT Low	- -	- -	19.72	71.52	53.42	- -	- -	- -	116.56	148.05
Last Price	- -	- -	22.45	19.62	24.39	24.78	19.99	21.36	21.38	32.39
High Price	- -	- -	22.66	29.87	36.03	35.24	29.51	30.99	25.12	33.26
Enterprise Value Average	- -	- -	280	536	648	947	942	1,044	586	692
Enterprise Value High	- -	- -	316	632	839	1,073	1,070	1,210	682	864
Enterprise Value Low	- -	- -	244	457	415	743	799	922	508	559

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Shares Outstanding	8	8	9	14	19	22	23	23	24	24
Diluted Weighted Avg Shares	8	8	27	10	27	32	22	33	24	25
Basic Weighted Avg Shares	8	8	9	10	15	21	22	23	23	24
Revenue per Share	25.59	33.65	36.71	35.87	10.12	10.68	8.44	8.2	8.17	8.91
EBITDA per Share	1.78	2.27	2.75	2.19	1.75	1.16	0.28	1.39	1.78	1.41
Operating Income per Share	0.82	0.97	1.84	0.93	0.43	0.34	-0.05	0.24	0.19	0.17
Basic EPS, GAAP	-0.27	0.12	-0.78	-0.29	-0.03	-0.21	-0.77	-0.04	4.84	0.75
Basic EPS from Cont Ops	-0.27	0.12	-0.56	0.05	-0.07	-0.37	-1.76	-1.07	-0.69	0.23
Diluted EPS, GAAP	-0.27	0.12	-0.26	-0.29	-0.02	-0.14	-0.77	-0.02	4.64	0.71
Diluted EPS from Cont Ops	-0.27	0.12	-0.18	0.05	-0.04	-0.25	-1.76	-0.75	-0.66	0.22
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.28	1.07	2.05	2.54	1.6	2.12	1.97	1.61	2.07	0.24
Free Cash Flow per Basic Share	1.17	0.99	1.67	2.45	1.39	2.12	1.97	1.61	2.07	0.24
Cash & Equivalents per Share	0.47	0.12	0.06	0.08	0.83	0.17	0.15	0.13	3.62	2.78
Book Value per Share	-1.17	0.39	4.31	5.54	8.25	9.3	9.5	10.18	15.9	16.24
Tangible Book Value per Share	-11.32	-14.6	-12.52	-14.61	-8.36	-13.65	-16.68	-10.86	-2.43	-1.79