i3 Verticals (IIIV) Balance Sheet: Assets & Liabilities

i3 Verticals (IIIV) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), i3 Verticals reported total assets of $638.41M and total liabilities of $120.69M. Shareholders' equity was $517.72M, up 36.3% from $379.74M a year earlier. Total debt stood at $16.67M against $66.67M in cash and short-term investments, a net cash position of $50.00M. That puts debt-to-equity at 0.03, compared with 0.08 a year earlier.

i3 Verticals Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for i3 Verticals, Inc. (IIIV) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	66.67	86.53	3.11	3.49	3.64	15.57	1.12	0.57	0.96
Cash & Short-Term Investments	66.67	86.53	3.11	3.49	3.64	15.57	1.12	0.57	0.96
Accounts Receivable	58.90	50.78	50.79	53.33	38.50	17.54	15.34	12.50	8.41
Inventory	2.52	2.42	2.04	4.12	2.22	1.31	1.29	0.93	1.14
Other Current Assets	12.08	2.85	8.55	19.45	11.21	3.56	2.82	2.56	6.34
Total Current Assets	137.63	153.39	85.54	83.81	58.12	37.98	20.57	16.57	15.70
Non-Current Assets
Property, Plant & Equipment (Net)	12.16	14.62	21.87	23.35	20.38	5.34	5.03	2.96	1.42
Long-Term Investments	0.25	2.42	4.22	12.74	14.22	6.23	2.08	0.67	1.01
Goodwill	248.50	242.99	267.98	353.64	292.24	187.01	168.28	83.95	58.52
Intangible Assets	184.11	194.73	221.21	248.26	213.08	126.22	122.87	69.40	63.04
Other Non-Current Assets	56.55	76.50	235.30	61.26	67.98	4.00	2.33	2.27	1.31
Total Non-Current Assets	500.79	577.28	798.87	686.50	593.68	365.55	328.73	158.58	124.29
Total Assets	638.41	730.68	884.42	770.31	651.80	403.53	349.30	175.14	139.99
Current Liabilities
Accounts Payable	6.25	4.89	6.37	9.34	7.87	3.85	3.44	4.11	1.60
Short-Term Debt	1.83	26.22	3.66	4.57	3.20	0.00	0.00	5.00	4.00
Current Portion of Long-Term Debt	-	26.22	-	-	-	-	-	-	-
Accrued Liabilities	24.53	20.16	25.26	57.83	50.82	-	-	-	-
Deferred Revenue	37.68	38.97	33.17	31.98	29.86	10.99	10.24	4.93	2.72
Other Current Liabilities	0.41	16.73	21.04	7.54	4.77	24.06	21.51	11.57	11.90
Total Current Liabilities	70.69	164.73	93.46	111.26	96.51	38.90	35.24	26.44	20.22
Non-Current Liabilities
Long-Term Debt	14.84	4.89	388.01	287.02	200.61	90.76	139.30	31.78	106.84
Deferred Tax Liabilities	8.99	11.40	18.61	7.90	3.28	2.21	0.52	1.10	0.00
Other Non-Current Liabilities	32.19	31.23	43.13	50.35	53.13	31.49	32.33	4.73	9.79
Total Non-Current Liabilities	50.00	50.59	462.66	351.37	265.70	124.46	171.63	36.50	116.62
Total Liabilities	120.69	215.32	556.12	462.62	362.21	163.36	206.86	62.94	136.85
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.16
Retained Earnings	118.27	100.40	-12.94	-23.58	-6.48	-2.02	-2.31	0.74	-33.02
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.29	-1.35
Additional Paid-in Capital	271.31	279.34	249.69	241.96	211.24	157.60	82.38	38.56	0.00
Minority Interest	128.14	135.62	91.55	89.31	84.83	84.59	62.37	72.90	0.00
Shares Outstanding	23.98	23.88	23.25	22.99	-	-	-	-	-
Total Stockholders' Equity	517.72	379.74	236.75	307.69	289.59	155.58	80.07	39.30	3.15
Total Liabilities & Equity	638.41	730.68	884.42	770.31	651.80	403.53	349.30	175.14	139.99

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About i3 Verticals Balance Sheet

How much debt does i3 Verticals have?

i3 Verticals had total debt of $16.67M as of Sep 30, 2025, against $66.67M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was $31.11M a year earlier.

What are i3 Verticals's total assets?

i3 Verticals reported total assets of $638.41M as of Sep 30, 2025, down 12.6% from $730.67M a year earlier. Total liabilities were $120.69M.

What is i3 Verticals's shareholders' equity?

i3 Verticals's shareholders' equity was $517.72M as of Sep 30, 2025, or about $21.59 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition