i3 Verticals, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $17.9M | $113.3M | $-811.0K | $-17.1M | $-4.5M | $-419.0K | $-3.0M | $-6.9M |
| Depreciation & Amortization | $27.9M | $25.6M | $23.3M | $19.3M | $24.4M | $18.2M | $16.6M | $11.8M |
| Depreciation | $2.5M | $2.6M | $2.3M | $1.6M | $2.3M | $1.8M | $1.2M | $802.0K |
| Amortization | $11.4M | $10.7M | $11.1M | $9.9M | $15.8M | $12.4M | $12.4M | $9.3M |
| Stock-Based Compensation | $18.3M | $26.3M | $27.9M | $26.2M | $20.9M | $10.5M | $6.1M | $1.6M |
| Net Cash from Operating Activities | $5.7M | $48.4M | $37.2M | $43.8M | $44.5M | $23.7M | $26.6M | $18.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.9M | $3.0M | $4.2M | $2.3M | $1.9M | $2.9M | $807.0K | $2.2M |
| Business Acquisitions | $11.0M | $19.1M | $102.0M | $100.7M | $142.5M | $27.7M | $137.0M | $32.4M |
| Net Cash from Investing Activities | $76.5M | $396.2M | $-121.5M | $-113.0M | $-149.3M | $-35.4M | $-143.7M | $-38.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $37.6M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $-104.4M | $-367.4M | $73.0M | $75.1M | $102.1M | $29.1M | $119.1M | $19.2M |
| Net Change in Cash | $-22.3M | $77.2M | $-11.4M | — | — | — | — | — |
| Free Cash Flow | $3.8M | $45.4M | $33.0M | $41.5M | $42.6M | $20.8M | $25.8M | $15.9M |