i3 Verticals, Inc. Financial Ratios — IIIV 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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.35
Return on Assets (%)	- -	0.75	-4.38	-1.16	-0.11	-0.84	-2.41	-0.1	14.04	2.61
Return on Capital (%)	- -	8.83	- -	- -	- -	- -	- -	- -	- -	4.01
Return on Invested Capital (%)	- -	6.76	- -	- -	- -	- -	- -	- -	- -	0.37
Gross Margin (%)	18.39	17.01	21.22	23.7	68.54	74.25	93.16	71.1	68.35	68.76
EBITDA Margin (%)	8.17	6.74	8.68	7	16.37	14.08	15.1	22.16	21.87	15.88
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	-12.21	1.51	1.03	15.1	344.53	-76.79	-1.67
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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.35

Credit (USD)

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	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	5.12	6.27	1.31	5.29	3.69	6.84	10.78	9.53	0.8	0.14
Net Debt/EBITDA	4.89	6.21	1.29	5.25	3.06	6.24	10	9.16	-1.44	-1.97
Total Debt/EBIT	13.01	14.58	2.27	14.24	14.26	30.27	-283.47	71.95	7.63	1.19
Net Debt/EBIT	12.42	14.46	2.23	14.13	11.81	27.63	-263.01	69.13	-13.78	-16.62
EBITDA to Interest Expense	2.77	2.55	3.3	4.39	2.75	3.22	1.92	1.67	1.43	14.72
EBITDA-CapEx/Interest Expense	2.62	2.46	2.9	4.24	2.41	3.21	1.92	1.67	1.43	14.72
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	-23.59	0.42	-0.66	-0.5	-0.99	-3.06	-1.46	13.74	18.53
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	137.29	28.78	69.87	52.36	72.27	81.07	82.83	1.81	1.18
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	142.43	33.31	69.87	52.36	73.36	82.3	83.6	12.4	1.91
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	142.96	32.96	69.7	47.66	67.81	77.08	80.84	-32.97	-36.13
EBITDA	16	18	28	26	25	32	28	42	42	34
EBITDA-CapEx	15	17	25	25	22	31	28	42	42	34
Operating Income (Loss)	6	8	16	10	6	7	-1	6	4	4

Liquidity (USD)

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	-23.59	0.42	-0.66	-0.5	-0.99	-3.06	-1.46	13.74	18.53
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	137.29	28.78	69.87	52.36	72.27	81.07	82.83	1.81	1.18
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	142.43	33.31	69.87	52.36	73.36	82.3	83.6	12.4	1.91
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	9.62	12.8	18.74	7.28	3.23	2.16	1.28	0.98	2.53	6.15

Working Capital (USD)

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	- -	- -	548.08	258.19	36.29	32.7	4.05	17.8	27.13	26.96
Days Inventory Outstanding	- -	- -	0.67	1.41	10.06	11.16	90.17	20.51	13.45	13.54
Accounts Payable Turnover	- -	121.6	89.53	76.13	12.97	10.01	1.71	6.71	10.82	11.98
Accounts Payable Turnover Days	- -	3	4.08	4.79	28.13	36.46	213.12	54.38	33.73	30.47
Cash Conversion Cycle	- -	7.13	8.39	10.12	21.88	20.33	-33.68	66.31	76.65	76.6
Inventory to Cash Days	- -	10.13	11.13	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)

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	- -	- -	203	211	375	508	446	489	499	776
- 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	80	110	312	412	534	805	837	978	582	842
Total Capital	74	78	110	199	173	294	371	479	269	251
Total Debt/Capital (%)	112.85	142.43	33.31	69.87	52.36	73.36	82.3	83.6	12.4	1.91
Total Debt / EV	1.05	1.01	0.12	0.34	0.17	0.27	0.37	0.41	0.06	0.01
EV/Sales	0.4	0.42	0.96	1.09	3.56	3.59	4.46	5.16	3.04	3.95
EV/EBITDA	4.89	6.21	11.1	15.63	21.74	25.53	29.53	23.27	13.91	24.89
EV/EBIT	12.42	14.46	19.2	42.09	83.96	112.97	39.33	175.68	132.86	210.03
EV/Cash Flow to Firm	4.78	7.78	11.46	11.64	20.52	14.59	14.29	16.53	8.28	122.43
EV/Free Cash Flow to Firm	4.54	7.44	10.19	11.36	18.36	14.57	14.28	16.53	8.28	122.43
Diluted Market Cap	- -	- -	618	211	693	768	446	703	521	814
Diluted Enterprise Value	80	110	727	412	852	1,065	837	1,192	603	880
EV per Share	10.22	14.08	35.36	39.24	36.02	38.35	37.62	42.28	24.83	35.23
TTM Sales	200	263	324	376	150	224	188	190	191	213
TTM EBITDA	16	18	28	26	25	32	28	42	42	34
TTM Operating Income	6	8	16	10	6	7	-1	6	4	4
TTM Cash Flow to Firm	17	14	27	35	26	55	59	59	70	7
TTM Free Cash Flow to Firm	18	15	31	36	29	55	59	59	70	7

Multiples (USD)

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	- -	- -	28.76	7.68	25.86	17.2	10.18	18.91	10.75	142.92
EV/EBIT	12.42	14.46	19.2	42.09	83.96	112.97	39.33	175.68	132.86	210.03
Enterprise Value	80	110	312	412	534	805	837	978	582	842
Low Price	- -	- -	13.79	17.14	13.01	20.25	17.8	18.59	17.54	20.65
EV/Sales	0.4	0.42	0.96	1.09	3.56	3.59	4.46	5.16	3.04	3.95
EV/EBITDA	4.89	6.21	11.1	15.63	21.74	25.53	29.53	23.27	13.91	24.89
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	4.4	43.43
Price/Earnings Average	- -	- -	-22.57	-80.55	-919.26	-140.25	-31.42	-678.65	4.36	34.81
Price/Earnings High	- -	- -	-30.65	-108.36	-1,339.96	-169.53	-39.37	-879.71	5.27	44.74
Price/Earnings Low	- -	- -	-17.62	-59.05	-460.58	-95.39	-23.16	-530.37	3.62	27.63
Price/Book Value	- -	- -	274.04	-91.49	-185.42	-78.47	-18.9	-37.8	4.97	6.56
Price/Book Value Average	- -	- -	210.65	-106.32	-190.68	-96.51	-22.79	-42.53	4.92	5.26
Price/Book Value High	- -	- -	286.08	-143.02	-277.94	-116.66	-28.55	-55.13	5.95	6.76
Price/Book Value Low	- -	- -	164.45	-77.94	-95.54	-65.64	-16.8	-33.24	4.09	4.17
Price/Tangible Book Value	- -	- -	-4.92	-1.42	-5.13	-2.36	-1.51	-3.04	6.43	9.12
Price/Tangible Book Value Average	- -	- -	-3.78	-1.65	-5.27	-2.9	-1.83	-3.42	6.36	7.31
Price/Tangible Book Value High	- -	- -	-5.14	-2.22	-7.68	-3.5	-2.29	-4.43	7.69	9.39
Price/Tangible Book Value Low	- -	- -	-2.95	-1.21	-2.64	-1.97	-1.35	-2.67	5.29	5.8
Price/Sales	- -	- -	0.63	0.56	2.49	2.27	2.37	2.58	2.61	3.64
Price/Sales Average	- -	- -	0.48	0.65	2.57	2.79	2.86	2.9	2.58	2.92
Price/Sales High	- -	- -	0.65	0.88	3.74	3.37	3.59	3.76	3.12	3.75
Price/Sales Low	- -	- -	0.38	0.48	1.29	1.9	2.11	2.27	2.15	2.32
Price/Cash Flow	- -	- -	11.2	7.94	15.79	11.41	10.18	13.16	10.31	136.31
Price/Cash Flow Average	- -	- -	8.61	9.22	16.24	14.04	12.28	14.81	10.2	109.26
Price/Cash Flow High	- -	- -	11.69	12.41	23.67	16.97	15.39	19.19	12.34	140.43
Price/Cash Flow Low	- -	- -	6.72	6.76	8.14	9.55	9.05	11.57	8.48	86.72
Price/Free Cash Flow Average	- -	- -	22.11	8.93	26.6	21.15	12.27	21.28	10.64	114.56
Price/Free Cash Flow High	- -	- -	30.02	12.01	38.77	25.57	15.38	27.58	12.87	147.24
Price/Free Cash Flow Low	- -	- -	17.26	6.54	13.33	14.39	9.05	16.63	8.85	90.92
EV/Sales Average	0.4	0.42	0.82	1.18	3.63	4.11	4.95	5.48	3.01	3.23
EV/Sales High	0.4	0.42	0.99	1.41	4.8	4.7	5.67	6.34	3.56	4.06
EV/Sales Low	0.4	0.42	0.71	1.01	2.35	3.22	4.19	4.85	2.58	2.63
EV/EBITDA Average	4.89	6.21	9.43	16.92	22.17	29.23	32.76	24.73	13.78	20.34
EV/EBITDA High	4.89	6.21	11.42	20.14	29.34	33.37	37.56	28.61	16.26	25.58
EV/EBITDA Low	4.89	6.21	8.22	14.44	14.35	22.89	27.78	21.87	11.79	16.54
EV/EBIT Average	12.42	14.46	16.32	45.59	85.63	129.35	-861.47	186.68	131.71	171.62
EV/EBIT High	12.42	14.46	19.75	54.25	113.33	147.66	-987.64	215.97	155.33	215.87
EV/EBIT Low	12.42	14.46	14.21	38.9	55.43	101.3	-730.47	165.09	112.69	139.62
Last Price	- -	- -	22.98	20.12	25.25	24.21	20.03	21.14	21.31	32.46
High Price	- -	- -	23.99	31.45	37.85	35.99	30.26	30.84	25.51	33.44
Enterprise Value Average	80	110	265	446	545	922	929	1,039	576	688
Enterprise Value High	80	110	321	530	721	1,053	1,065	1,203	680	866
Enterprise Value Low	80	110	231	380	353	722	787	919	493	560

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	2.09	2.27	3.18	2.51	1.66	1.5	1.27	1.82	1.79	1.42
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	0.48	0.12	0.06	0.11	1.05	0.17	0.16	0.13	3.69	2.79
Book Value per Share	-1.22	-4.23	0.08	-0.22	-0.14	-0.31	-1.06	-0.56	4.29	4.95
Tangible Book Value per Share	-11.77	-15.17	-4.67	-14.18	-4.93	-10.28	-13.22	-6.95	3.32	3.56

i3 Verticals, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)