Filing Flows › i3 Verticals (IIIV) › Q2 FY25
i3 Verticals (IIIV) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 9, 2025
i3 Verticals (IIIV) reported revenue of $54.1M for the second quarter fiscal 2025 (Q2 FY25), -7% from a year earlier and +4% from the quarter before. Operating margin was 7.3%, net earnings $769K (1.4% of revenue).
i3 Verticals, Q2 FY25: revenue $54.1M (-7% year over year), operating margin 7.3%, net earnings $769K, operating cash flow −$27.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.1M | +4% | -7% |
| Operating profit | $4.0M | +47% | +59% |
| Net earnings | $769K | -75% | -77% |
| Operating cash flow | −$27.1M | -279% | — |
What changed
Revenue was $54.1M in Q2 FY25, down 7% year over year and up 4% from the previous quarter.
Operating profit was $4.0M, a 7.3% margin (up 3.0 points year over year). Total costs fell 10% while revenue fell 7%. Net earnings were −$154K. The effective tax rate was 79.9%.
Operating cash flow was −$27.1M. Non-cash charges added back $7.8M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $39.7M. Capital expenditures of $501K exceeded it, leaving free cash flow of −$27.6M.
Questions
What was i3 Verticals' revenue in the second quarter fiscal 2025?
i3 Verticals (IIIV) reported revenue of $54.1M for the second quarter fiscal 2025 (Q2 FY25), -7% from a year earlier and +4% from the quarter before.
Was i3 Verticals profitable in the second quarter fiscal 2025?
Operating profit was $4.0M (7.3% of revenue) and net earnings $769K.
Source: i3 Verticals 10-Q on SEC EDGAR.