i3 Verticals | 10-K: FY2025 Revenue Misses Estimate at USD 213.16 M

Revenue: As of FY2025, the actual value is USD 213.16 M, missing the estimate of USD 215.62 M.

EPS: As of FY2025, the actual value is USD 0.7.

EBIT: As of FY2025, the actual value is USD 4.376 M.

Segment Revenue

• Public Sector: Revenue increased by $21.9 million, or 11.5%, to $213.2 million for the year ended September 30, 2025, from $191.2 million for the year ended September 30, 2024.

Operational Metrics

• Net Income: Net income from continuing operations was $5.6 million for the year ended September 30, 2025, compared to a net loss of $16.0 million for the year ended September 30, 2024.
• Operating Expenses: Total operating expenses increased by $22.5 million, or 12.0%, to $209.4 million for the year ended September 30, 2025, from $186.9 million for the year ended September 30, 2024.
• Selling, General and Administrative Expenses: Increased by $13.9 million, or 13.8%, to $114.7 million for the year ended September 30, 2025, from $100.8 million for the year ended September 30, 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities decreased by $42.7 million to $5.7 million for the year ended September 30, 2025, from $48.4 million for the year ended September 30, 2024.
• Investing Cash Flow: Net cash provided by investing activities decreased by $319.7 million to $76.5 million for the year ended September 30, 2025, from $396.2 million for the year ended September 30, 2024.

Unique Metrics

• Recurring Revenue: Approximately 76% of revenue from continuing operations is considered recurring, with a focus on expanding recurring revenue streams.

Outlook / Guidance

• The company anticipates continued growth in recurring revenue streams and strategic investments in products to drive long-term organic growth.
• The company maintains a strong pipeline of acquisition targets and regularly evaluates businesses against its acquisition criteria.