NASDAQ$IIIV

i3 Verticals Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported financial results for the fiscal fourth quarter and year, showing an increase in revenue and net income compared to the previous year's fourth quarter.

i3 Verticals reported a 3.9% increase in fourth-quarter revenue, reaching $60.9 million, and a net income of $7.0 million, a significant improvement from the prior year's net loss of $1.2 million. The company's focus on recurring revenue contributed to a 7.5% increase in ARR. They reaffirmed their 2025 outlook, anticipating continued revenue growth and margin expansion.

  • Fourth quarter revenue increased by 3.9% year-over-year to $60.9 million.
  • Net income for the quarter was $7.0 million, a significant improvement from the prior year's net loss of $1.2 million.
  • Adjusted EBITDA increased by 3.5% year-over-year to $16.2 million.
  • Annualized Recurring Revenue (ARR) grew by 7.5% to $188.2 million.

Headline financials

Total Revenue

$60.9M

Previous: $96.4M-36.9%
EPS (adj)

$0.15

Previous: $0.40-62.5%
Adjusted EBITDA

$14.6M

No prior period
Adjusted EBITDA as % of revenue

28.5%

No prior period
Annualized Recurring Revenue

$151M

No prior period
Net Income

$179M

Previous: $3.45M+5076.7%
Operating Income

$3.55M

Previous: $8.8M-59.6%
Gross Profit

$55.8M

Previous: $75.4M-25.9%

Revenue & EPS history

i3 Verticals · Revenue · Quarterly

$60.9M

Q4 2024-36.9%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Company's practice is to provide annual guidance, excluding the impact of future acquisitions, dispositions and transaction-related costs. The Company is providing the following outlook for the fiscal year ending September 30, 2025, which remains unchanged from the previous guidance included in the Company's earnings release issued on August 8, 2024:

Tailwinds

  • Revenue $243,000,000 - $263,000,000
  • Adjusted EBITDA (non-GAAP) $63,000,000 - $71,500,000
  • Depreciation and internally developed software amortization $12,000,000 - $14,000,000
  • Cash interest expense $1,000,000 - $2,000,000
  • Pro forma adjusted diluted earnings per share(1)(non-GAAP) $1.05 - $1.25

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.5%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.0%

Avg return

30 days after

35%

11 / 31 earnings

Positive

+14.6%

Q4 2019

Best reaction

-13.8%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-7.7%-17.5%-13.9%
Q1 2026+5.3%+9.8%+18.0%
Q4 2025-10.4%-17.5%-9.4%
Q2 2025-4.3%-0.6%-7.7%
Q1 2025+9.9%+12.7%-2.4%
Q4 2024-1.2%-3.0%-3.9%
Q3 2024-5.2%-11.0%-9.6%
Q2 2024-9.9%-10.1%-13.9%
Q1 2024+0.3%+3.8%+20.7%
Q4 2023-0.8%+1.4%+1.8%
Q3 2023-5.7%-2.0%-3.0%
Q2 2023-3.8%-9.3%-0.9%
Q1 2023-11.1%-10.3%-16.8%
Q4 2022+7.8%+4.5%+5.1%
Q3 2022-8.2%-12.6%-22.3%
Q2 2022-3.1%-7.1%-4.1%
Q1 2022+10.3%+12.1%+8.1%
Q4 2021-2.4%-12.0%-5.1%
Q3 2021-4.8%-8.0%-8.6%
Q2 2021-2.6%-0.3%-0.7%
Q1 2021+8.0%+4.0%-1.6%
Q4 2020+0.0%+11.5%+31.2%
Q3 2020+10.9%+10.4%+3.2%
Q2 2020+9.5%+10.7%+36.9%
Q1 2020-2.9%-12.1%-30.4%
Q4 2019+14.6%+18.0%+28.7%
Q3 2019-13.8%-22.2%-19.5%
Q2 2019-1.5%+0.6%-3.2%
Q1 2019-3.7%-3.8%-10.6%
Q4 2018+11.5%+26.9%+27.5%
Q3 2018-1.5%+10.3%+7.2%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2016

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