i3 Verticals, Inc. has recently released its 10-K report, providing a comprehensive overview of its business operations and financial performance. The company, founded in 2012 and based in Nashville, Tennessee, specializes in providing enterprise software and services solutions to public sector entities in the United States and Canada. Its offerings include digital solutions for court systems, E-Filing and revenue cycle management solutions, computer-aided dispatch, records management, school lunch programs, government fund accounting software, and more.
In its 10-K report, i3 Verticals, Inc. discusses the management's discussion and analysis of financial condition and results of operations. The company emphasizes its mission to enable state and local governments and related agencies to serve their constituents effectively and efficiently. It also highlights its leadership position in the public sector vertical, with thousands of software installations across all 50 states and Canada.
The report also addresses economic trends and potential challenges, such as inflationary pressures, interest rate levels, geopolitical situations, trade-related developments, and government spending reductions, which could impact the company's financial results.
In terms of liquidity, as of September 30, 2025, i3 Verticals, Inc. had $66.7 million in cash and cash equivalents and $400.0 million of available capacity under its 2023 Senior Secured Credit Facility, with which the company was in compliance.
The 10-K report also details significant business transactions, including the sale of its Healthcare RCM Business and Merchant Services Business, as well as strategic acquisitions to expand its offerings. These transactions have had a notable impact on the company's financial statements, with the results of operations for the Healthcare RCM Business and the Merchant Services Business being reflected as discontinued operations.
The report further delves into the company's revenue sources, including software and related services revenue, volume-based payment processing fees, and fixed transaction or service fees. It also outlines various expenses, such as costs of services, selling, general and administrative expenses, depreciation and amortization, and interest expenses.
Following these announcements, the company's shares moved 2.13%, and are now trading at a price of $23.94. For more information, read the company's full 10-K submission here.
