i3 Verticals, Inc.

IIIV

IIIVi3 Verticals, Inc. US flag

NASDAQ Global Select

20.10

USD

-0.95

- -

480.33MMarket Cap

Income Statement (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	200	263	324	376	150	224	188	190	191	213
+ Sales & Services Revenue	200	263	324	376	150	224	188	190	191	213
- Cost of Revenue	163	218	255	287	47	58	13	55	61	67
+ Cost of Goods & Services	163	218	255	287	47	58	13	55	61	67
Gross Profit	37	45	69	89	103	166	175	135	131	147
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	30	37	52	79	97	159	176	129	126	143
+ Selling, General & Admin	20	27	41	63	78	135	157	106	101	115
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	10	10	12	17	18	24	19	23	26	28
Operating Income (Loss)	6	8	16	10	6	7	-1	6	4	4
- Non-Operating (Income) Loss	8	7	21	9	10	14	38	34	26	-7
+ Interest Expense, Net	6	7	8	6	9	10	15	25	29	2
+ Interest Expense	6	7	8	6	9	10	15	25	29	2
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	2	- -	12	3	1	5	23	9	-3	-9
Pretax Income	-2	1	-5	- -	-4	-7	-39	-28	-22	11
- Income Tax Expense (Benefit)	- -	- -	- -	- -	-3	1	- -	-4	-5	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-2	1	-5	1	-1	-8	-39	-25	-16	6
- Net Extraordinary Losses (Gains)	- -	- -	4	7	-1	-7	-28	-26	-68	-4
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	16	22	191	21
+ Extraord. & Accounting Changes	- -	- -	4	7	-1	-7	-44	-48	-259	-25
Income (Loss) Incl. MI	-2	1	-9	-7	- -	-1	-11	1	52	9
- Minority Interest	- -	- -	-2	-4	1	3	6	2	-62	-9
Net Income, GAAP	-2	1	-7	-3	- -	-4	-17	-1	113	18
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	1	-7	-3	- -	-4	-17	-1	113	18
EBIT	6	8	16	10	6	7	-1	6	4	4
EBITDA	16	18	28	26	25	32	28	42	42	34
EBITDA Margin (%)	8.17	6.74	8.68	7	16.37	14.08	15.1	22.16	21.87	15.88
EBITA	6	8	16	10	6	7	-1	6	4	4
Gross Margin (%)	18.39	17.01	21.22	23.7	68.54	74.25	93.16	71.1	68.35	68.76
Operating Margin (%)	3.22	2.89	5.02	2.6	4.24	3.18	-0.57	2.94	2.29	1.88
Profit Margin (%)	-1.05	0.34	-2.13	-0.81	-0.28	-1.99	-9.11	-0.43	59.27	8.38
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	10	10	12	17	18	24	29	36	37	30
Basic Weighted Avg Shares	8	8	9	10	15	21	22	23	23	24
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 Weighted Avg Shares	8	8	27	10	27	32	22	33	24	34
Diluted EPS, GAAP	-0.27	0.12	-0.26	-0.29	-0.02	-0.14	-0.77	-0.02	4.64	0.52
Diluted EPS from Cont Ops	-0.27	0.12	-0.18	0.05	-0.04	-0.25	-1.76	-0.75	-0.66	0.16

Balance Sheet (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	16	16	17	21	38	58	84	86	153	138
+ Cash, Cash Equivalents & STI	4	1	1	1	16	4	3	3	87	67
+ Cash & Cash Equivalents	4	1	1	1	16	4	3	3	87	67
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	6	8	12	15	18	38	58	51	51	59
+ Accounts Receivable, Net	6	8	12	15	18	38	53	51	51	58
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	5	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	1	1	1	2	4	2	2	3
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	1	1	1	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	2	4	2	2	3
+ Other ST Assets	6	6	3	3	4	14	18	30	13	10
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	85	124	159	329	366	594	687	799	577	501
+ Property, Plant & Equip, Net	2	1	3	5	5	20	23	22	15	12
+ Property, Plant & Equip	2	3	4	7	8	25	28	27	21	17
- Accumulated Depreciation	1	1	1	2	3	5	5	5	6	6
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	83	123	156	324	360	573	663	777	563	489
+ Total Intangible Assets	82	122	153	291	313	505	602	489	438	433
+ Goodwill	35	59	84	168	187	292	354	268	243	248
+ Other Intangible Assets	47	63	69	123	126	213	248	221	195	184
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	2	33	47	68	61	288	125	56
Total Assets	100	140	175	349	404	652	770	884	731	638
+ Payables & Accruals	6	6	11	18	18	42	42	35	80	28
+ Accounts Payable	2	2	4	3	4	8	9	6	5	6
+ Accrued Taxes	- -	- -	1	- -	- -	- -	- -	3	55	5
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	4	6	15	14	34	32	25	20	16
+ ST Debt	5	4	5	- -	- -	3	5	4	29	2
+ ST Borrowings	5	4	5	- -	- -	- -	- -	- -	26	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	3	5	4	2	2
+ Other ST Liabilities	9	11	11	17	21	52	65	55	56	41
+ Deferred Revenue	2	3	6	12	13	32	34	33	39	38
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	7	8	4	5	8	20	32	22	17	3
Total Current Liabilities	20	20	26	35	39	97	111	93	165	71
+ LT Debt	79	107	32	139	91	213	301	397	5	3
+ LT Borrowings	79	107	32	139	91	201	287	388	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	12	14	9	5	3
+ Other LT Liabilities	11	10	5	32	34	53	50	66	46	47
+ Accrued Liabilities	- -	- -	1	1	2	3	8	19	11	9
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	11	10	4	32	31	50	42	47	34	38
Total Noncurrent Liabilities	89	117	37	172	124	266	351	463	51	50
Total Liabilities	110	137	63	207	163	362	463	556	215	121
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	21	- -	39	82	158	211	242	250	279	271
+ Common Stock	21	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	39	82	158	211	242	250	279	271
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-30	-33	1	-2	-2	-6	-24	-13	100	118
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-10	3	39	80	156	205	218	237	380	390
+ Minority/Non Controlling Interest	- -	- -	73	62	85	85	89	92	136	128
Total Equity	-10	3	112	142	240	290	308	328	515	518
Total Liabilities & Equity	100	140	175	349	404	652	770	884	731	638
Shares Outstanding	8	8	9	14	19	22	23	23	24	24
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	15	19	13	7	5
Net Debt	80	110	36	138	75	197	284	385	-60	-67
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
Tangible Common Equity Ratio	-510.97	-642.23	-188.83	-255.77	-80.91	-147.28	-174.7	-40.71	26.5	41.37
Current Ratio	0.77	0.78	0.63	0.58	0.98	0.6	0.75	0.92	0.93	1.95
Cash Conversion Cycle	- -	7.13	8.39	10.12	21.88	20.33	-33.68	66.31	76.65	76.6

Cash Flow Statement (USD)

API Chat

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-2	1	-5	1	-1	-8	-23	-3	175	27
+ Depreciation & Amortization	10	10	12	17	18	24	29	36	37	30
+ Non-Cash Items	2	-2	12	8	8	31	46	24	-181	2
+ Stock-Based Compensation	- -	- -	2	6	10	21	26	28	26	18
+ Deferred Income Taxes	- -	- -	-1	-1	-3	- -	3	-6	- -	5
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	3	- -	- -
+ Other Non-Cash Adj	2	-2	11	3	- -	11	18	-1	-208	-21
+ Chg in Non-Cash Work Cap	- -	-1	-1	1	-1	-3	-9	-20	17	-53
+ (Inc) Dec in Accts Receiv	-1	-2	-2	2	-1	-11	-16	-8	10	-7
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	- -	1	-1	-1	-2	-4	2	-1	-2
+ Inc (Dec) in Accts Payable	1	1	3	- -	2	10	11	2	25	-31
+ Inc (Dec) in Other	- -	- -	-3	- -	-1	- -	-1	-16	-17	-12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	10	8	18	27	24	45	44	37	48	6
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	1	2
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	1	2
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	-3	-1	-3	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-1	-1	-2	-1	-3	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	9	12	85	22	72	- -	18	- -	- -	-38
+ Increase in Capital Stock	9	12	90	112	83	- -	18	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-5	-90	-11	- -	- -	- -	- -	-38
+ Net Change in LT Investment	- -	-2	-1	-4	-2	1	1	-2	-5	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	3	1	- -	- -	- -
+ Inc in LT Investment	- -	-2	-1	-4	-2	-2	- -	-2	-5	- -
+ Net Cash From Acq & Div	-32	-44	-32	-137	-28	-142	-101	-102	416	-11
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	435	- -
+ Cash for Acq of Subs	-32	-44	-32	-137	-28	-142	-101	-102	-19	-11
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	-1	-1	-2	-3	-8	-13	-18	-15	86
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-35	-48	-38	-144	-35	-149	-113	-122	396	76
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	26	28	-65	102	-21	104	81	167	-360	-26
+ Cash From Debt	62	56	52	188	310	303	336	730	387	58
+ Repayments of Debt	-36	-29	-117	-87	-331	-198	-255	-563	-747	-85
+ Other Financing Activities	-6	-3	-1	-4	-22	-2	-23	-94	-7	-41
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	29	37	19	119	29	102	75	73	-367	-104
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	4	-2	-1	2	17	-3	6	-11	77	-22
EBITDA	16	18	28	26	25	32	28	42	42	34
EBITDA Margin (%)	8.17	6.74	8.68	7	16.37	14.08	15.1	22.16	21.87	15.88
Free Cash Flow	9	8	15	26	21	44	44	37	48	6
Net Cash Paid for Acquisitions	32	44	32	137	28	142	101	102	-416	11
Free Cash Flow to Firm	- -	13	- -	- -	- -	- -	- -	- -	- -	7
Free Cash Flow to Equity	- -	35	-49	127	- -	149	124	204	-311	-19
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
Price/Free Cash Flow	- -	- -	28.76	7.68	25.86	17.2	10.18	18.91	10.75	194.88
Cash Flow to Net Income	-4.78	9.24	-2.62	-8.73	-56.61	-9.99	-2.56	-45.83	0.43	0.32
Capital Expenditures	-1	-1	-3	-1	-3	- -	- -	- -	- -	- -