i3 Verticals, Inc. reported its financial results for the fiscal third quarter ended June 30, 2025, on August 7, 2025. Revenue from continuing operations increased 12% year-over-year to $51.901 million, driven by strong recurring contracts.
SaaS revenue demonstrated impressive growth, increasing 24% over the prior year's third quarter, while payments revenue rose 11%. Adjusted EBITDA from continuing operations for the quarter was $12.7 million, an 18% increase from $10.7 million in Q3 2024.
The company's Annual Recurring Revenue (ARR) stood at $160.8 million as of Q3 2025, representing a 12% year-over-year increase. Net loss from continuing operations attributable to i3 Verticals, Inc. improved significantly to $(0.410) million from $(11.799) million in Q3 2024, with diluted EPS from continuing operations at $(0.03).
Management reaffirmed its fiscal year 2025 outlook for RemainCo, projecting revenues between $207 million and $217 million and adjusted EBITDA between $55 million and $61 million. Adjusted diluted earnings per share are expected to be in the range of $0.96 to $1.06.
i3 Verticals also announced the approval of a new $50 million share repurchase program on August 7, 2025. This program, coupled with over $50 million in cash on hand and no debt, provides substantial financial flexibility for future acquisitions and opportunistic share repurchases, reflecting confidence in the company's valuation and strategic direction.
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