Filing Flows › i3 Verticals (IIIV) › Q4 FY24
i3 Verticals (IIIV) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 25, 2024
i3 Verticals (IIIV) reported revenue of $60.9M for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +9% from the quarter before. Operating margin was 5.6%, net earnings $118M (193.7% of revenue).
i3 Verticals, Q4 FY24: revenue $60.9M (+4% year over year), operating margin 5.6%, net earnings $118M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.9M | +9% | +4% |
| Operating profit | $3.4M | — | +172% |
| Net earnings | $118M | — | 26× |
| Operating cash flow | $15.1M | +87% | +40% |
| Free cash flow | $14.6M | +102% | +51% |
What changed
Revenue was $60.9M in Q4 FY24, up 4% year over year and up 9% from the previous quarter.
Operating profit was $3.4M, a 5.6% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 95% reached operating profit, above the 2% margin then. Total costs grew 0% against revenue growth of 4%. Net earnings were $117.9M, up 2493% year over year. The effective tax rate was -5.3%. Non-operating items added $166.2M, 98% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $15.1M (up 40% year over year), 8% of net income including minority interests. Non-cash charges added back $7.6M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items used $179.9M. Capital expenditures of $530K left free cash flow of $14.6M.
Questions
What was i3 Verticals' revenue in the fourth quarter fiscal 2024?
i3 Verticals (IIIV) reported revenue of $60.9M for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +9% from the quarter before.
Was i3 Verticals profitable in the fourth quarter fiscal 2024?
Operating profit was $3.4M (5.6% of revenue) and net earnings $118M.
Source: i3 Verticals 10-K on SEC EDGAR.