IIIV · XBRL financial data

i3 Verticals financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (IIIV's year ends in late September)

In thousands of dollars	FY 2020Sep 30, 2020	FY 2021Sep 30, 2021	FY 2022Sep 30, 2022	FY 2023Sep 30, 2023	FY 2024Sep 30, 2024	FY 2025Sep 30, 2025
Revenue	150,134	—	—	—	—	—
Revenue from contracts with customers	150,134	224,124	317,862	370,239	229,923	213,158
Cost of goods and services sold	0	0	—	—	—	—
Gross profit	123,352	195,336	282,730	333,329	—	—
Selling, general and administrative	78,323	134,872	193,790	219,736	176,390	114,660
Operating income (loss)	7,773	(12)	(2,444)	22,709	6,854	3,777
Other income (expense)	(2,621)	2,595	(991)	(1,436)	3,395	9,406
Income tax expense (benefit)	(2,795)	623	5,007	(1,203)	(5,668)	5,266
Net income (loss)	(419)	(4,457)	(17,102)	(811)	113,341	17,873
Earnings per share, basic USD per share	(0.03)	(0.21)	(0.77)	(0.04)	4.84	0.75
Earnings per share, diluted USD per share	(0.03)	(0.22)	(0.77)	(0.07)	4.73	0.72
Weighted average shares, basic thousands of shares	14,833	20,995	22,250	23,138	23,419	23,911
Weighted average shares, diluted thousands of shares	27,430	31,714	22,250	33,247	33,879	34,186

Fiscal years (IIIV's year ends in late September)

In thousands of dollars	FY 2020Sep 30, 2020	FY 2021Sep 30, 2021	FY 2022Sep 30, 2022	FY 2023Sep 30, 2023	FY 2024Sep 30, 2024	FY 2025Sep 30, 2025
Cash and cash equivalents	15,568	3,641	3,490	3,112	86,541	66,672
Accounts receivable	17,538	38,500	53,334	65,110	55,988	58,467
Inventory	1,309	2,220	4,121	4,138	2,423	2,516
Prepaid and other current assets	4,869	11,214	19,445	12,449	10,232	12,075
Total current assets	37,975	58,123	83,809	85,544	153,393	137,625
Property and equipment, net	5,339	5,902	5,670	12,308	8,677	7,181
Right-of-use asset	0	14,479	17,678	13,922	8,954	4,577
Goodwill	187,005	292,243	353,639	409,563	280,678	248,469
Total assets	403,526	651,800	770,312	881,493	730,675	638,411
Accounts payable	3,845	7,865	9,342	11,064	5,370	6,248
Accrued liabilities	24,064	50,815	57,833	37,740	89,972	24,525
Current portion of long-term debt	—	—	—	0	26,223	0
Total current liabilities	38,895	96,511	111,258	93,461	164,731	70,689
Long-term debt	90,758	200,605	287,020	385,081	0	0
Lease liability, non-current	—	11,960	13,994	10,433	6,317	2,964
Total liabilities	163,358	362,209	462,624	553,197	215,316	120,688
Retained earnings (accumulated deficit)	(2,023)	(6,480)	(23,582)	(12,944)	100,397	118,270
Total stockholders' equity	155,578	204,760	218,379	236,747	379,735	389,583
Total liabilities and equity	403,526	651,800	770,312	881,493	730,675	638,411

Fiscal years (IIIV's year ends in late September)

In thousands of dollars	FY 2020Sep 30, 2020	FY 2021Sep 30, 2021	FY 2022Sep 30, 2022	FY 2023Sep 30, 2023	FY 2024Sep 30, 2024	FY 2025Sep 30, 2025
Net income (loss)	(419)	(4,457)	(17,102)	(811)	113,341	17,873
Stock-based compensation	10,452	20,860	26,230	27,878	26,338	18,344
Depreciation and amortization	18,217	24,418	29,424	36,461	28,796	27,900
Net cash from operating activities	23,720	46,774	45,846	34,503	48,409	5,694
Purchases of property and equipment	2,911	1,938	2,268	4,204	2,964	1,941
Net cash from investing activities	(35,431)	(156,315)	(113,045)	(121,520)	396,150	76,456
Proceeds from issuing common stock	82,901	0	17,692	0	0	—
Share repurchases	—	—	—	0	0	37,604
Net cash from financing activities	29,112	102,103	73,033	75,652	(367,362)	(104,414)
Net change in cash	—	—	—	(11,365)	77,197	(22,264)

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
i3 Verticals	2,647	53,067	14,264*	not reported	—	Q3 FY26 10-QJun 30, 2026
Huckleberry.ai	25,071	76,783	(6,382)*	not reported	10.6 quarters	Q2 FY27 10-QJul 31, 2026
SEMrush Holdings	264,280	117,659*	14,896*	not reported	—	Q4 FY25 10-KDec 31, 2025
N-able	115,812	138,223	26,514*	188.9M	—	Q2 FY26 10-QJun 30, 2026
Taboola.com	128,677	462,263	35,571*	not reported	—	Q3 FY26 10-QSep 30, 2026
HawkEye 360	503,355	49,810	11,629*	98.0M	—	Q2 FY26 10-QJun 30, 2026
Red Cat Holdings	325,553	20,189	(46,804)*	152.7M	7.0 quarters	Q2 FY26 10-QJun 30, 2026
Weave Communications	47,630	67,542	10,241*	80.0M	—	Q2 FY26 10-QJun 30, 2026
Red Violet	49,972	26,718	10,637*	16.0M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.