i3 Verticals, Inc. has released its financial results for the second quarter ending March 31, 2025. The company's revenue for the quarter reached $63.1 million, marking an 8.8% increase compared to the same period the previous year. For the first six months of the year, revenue totaled $124.8 million, representing a 10.4% rise over the prior year's first half. Net income from continuing operations for the second quarter was reported at $1.1 million, a significant improvement from the net loss of $2.3 million experienced in the same quarter of the previous year. Over the six-month period ending March 31, 2025, net income was $4.4 million, compared to a net loss of $6.5 million for the first six months of the previous year. Additionally, i3 Verticals, Inc. announced the successful completion of the acquisition of a utility billing software company and the divestiture of its Healthcare Revenue Cycle Management $(RCM)$ business. These strategic moves reflect the company's focus on transforming government services with enterprise software and targeting markets in the early stages of technological transformation.
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