I3 Verticals, Inc. balance sheet

At the end of fiscal 2025, I3 Verticals, Inc. had total assets of $638m, total liabilities of $121m and shareholders' equity of $390m. It held $66.7m in cash against $0 of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

I3 Verticals, Inc.: balance sheet, annual
Fiscal year	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	4	1	1	1	16	4	3	3	87	67	3
Receivables	—	8	13	15	18	39	53	51	51	58	49
Inventory	—	1	1	1	1	2	4	2	2	3	3
Total current assets	—	16	17	21	38	58	84	86	153	138	63
Goodwill	35	59	84	168	187	292	215	230	243	248	282
Total assets	100	140	175	349	404	652	770	884	731	638	627
Accounts payable	—	2	4	3	4	8	9	6	5	6	4
Deferred revenue (current)	—	3	5	10	11	30	32	33	38	38	25
Total current liabilities	—	20	26	35	39	97	111	93	165	71	53
Short-term debt	—	4	5	0	—	—	—	0	26	0	—
Long-term debt	—	107	32	139	91	201	287	388	0	0	114
Total debt	0	111	37	139	91	201	287	388	26	0	114
Total liabilities	—	129	63	207	163	362	463	556	215	121	227
Shareholders' equity	—	—	39	80	156	205	218	237	380	390	281
Non-controlling interests and other (assets − liabilities − equity)	—	—	73	62	85	85	89	92	136	128	120

US$ millions unless shown otherwise. Fiscal quarters.

I3 Verticals, Inc.: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Receivables	51	51	57	49	58	48	55	49
Inventory	2	2	2	2	3	3	3	3
Total current assets	153	153	80	118	138	100	78	63
Goodwill	243	281	281	248	248	248	282	282
Total assets	731	726	646	623	638	596	636	627
Accounts payable	5	7	4	4	6	4	4	4
Deferred revenue (current)	38	42	37	30	38	34	33	25
Total current liabilities	165	163	68	58	71	62	59	53
Short-term debt	26	26	0	0	0	—	—	—
Long-term debt	0	0	12	0	0	—	81	114
Total debt	26	26	12	0	0	—	81	114
Total liabilities	215	215	133	112	121	113	198	227
Shareholders' equity	380	375	385	383	390	359	317	281
Non-controlling interests and other (assets − liabilities − equity)	136	136	128	128	128	125	121	120

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from I3 Verticals, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to I3 Verticals, Inc.