i3 Verticals Inc-A 2024年度报告

To Our Stockholders Each year I write this letter during the holiday season. It is the season of gratitude, reflection, and above all,new beginnings.I feel these in a very special way this year. When we founded i3 in 2012, we envisioned a company that would integrate payments functionality into software productsin a seamless manner. As a first step, and before our focus shifted to the software side, we concentrated our efforts onacquiring and building our payment platforms, and through that process we created a leading-edge payments company.Maybe more importantly, during that time we assembled a world-class team of payments professionals who led by exampleand were vital contributors to i3’s growth. As you know, in September we divested a large portion of our payments-only business as part of our continued evolution toa software and services company in the Public Sector and Healthcare verticals. It was the correct strategic decision and i3 ispoised for great things, but I want to specifically acknowledge the invaluable contributions made by the payments team thatwas part of our divestiture – some of whom were with i3 for a decade – and many of whom I count as close friends. We oweall of them a debt of gratitude and I will look forward to watching them flourish with Payroc. I want to thank each of you for your continued support and partnership. Our vision remains unchanged and is unfoldingbefore us. Fiscal 2024 was a year of great change for i3, and 2025 is a year of “new beginnings”. I could not be more excited.The best is ahead of us. GREG DAILY Chairman & Chief Executive Officer Board of Directors Leadership Team GREG DAILYChairman CLAY WHITSONDirector GREG DAILYChairman & Chief Executive Officer CLAY WHITSONChief Strategy Officer DAVID WILDSManaging Partner, First AvenuePartners TIMOTHY MCKENNAFormer President of Fidelity CapitalMarkets Fidelity Investment RICK STANFORDPresident JOHN HARRISONDirector, Harbert ManagementCorporation BURTON HARVEYManaging Partner, CapitalAlignment Partners PAUL CHRISTIANSChief Revenue Officer DECOSTA JENKINS DAVID MORGAN Former Chief Executive Officer,Nashville Electric Service Chairman and Vice President,LBMC Financial Services, LLC PAUL MAPLEGeneral Counsel & Secretary ELIZABETH SEIGENTHALERCOURTNEY GEOFF SMITHChief Financial Officer Managing Partner, Southeast, FinnPartners Inc. UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September 30, 2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number: 001-38532i3 Verticals, Inc.(Exact name of registrant as specified in its charter)Delaware82-4052852(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)40 Burton Hills Blvd., Suite 415Nashville, TN37215(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code: (615) 465-4487Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredClass A Common Stock, $0.0001 Par ValueIIIVNasdaq Global Select MarketSecurities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNo xIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark