What does payments to extinguish exchangeable notes mean?

Measures the cash used to retire or settle debt instruments that carry an exchange feature, typically allowing holders to convert debt into equity. This activity reflects the company's strategy for managing its capital structure and reducing long-term leverage. High levels of these payments indicate active debt management and potential dilution mitigation.

i3 Verticals, Inc. IIIV Payments to Extinguish Exchangeable Notes

Payments to Extinguish Exchangeable Notes at other companies

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$0—

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$0-100%

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$30M+20.0%

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$0-100%

NCR AtleosNATL

$0-100%

Other financials

Income statement

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Revenue$57.5M+6.2%

Gross profit$56.0M—

Operating income$3.7M-26.0%

Net income$1.5M+1,051%

EPS (diluted)$0.07+75.0%

Balance sheet

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Cash & equivalents$10.1M-1.5%

Total debt$85.6M+327%

Total equity$317.4M-17.6%

Total assets$636.4M-1.5%

Cash flow

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Operating cash flow$10.0M+137%

CapEx$407.0K-18.8%

Free cash flow$9.6M+135%

Valuation

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Market cap$392.76M-34.6%

Enterprise value$468.25M-23.3%

P/E21.9×+16.6×

P/S1.8×-1.1×

Profitability

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Gross margin100.6%—

Operating margin0.9%-3.6pp

Net margin8.3%-46.8pp

FCF margin20.2%+17.6pp

Returns & leverage

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Return on equity5.1%-30.3pp

Debt / equity0.3×+0.2×

Current ratio1.3×+0.2×

Where this comes from

Reported directly by i3 Verticals, Inc. in its filing.

Tagged under the XBRL concept iiiv:PaymentsToExtinguishExchangeableNotes.

The official record: i3 Verticals, Inc.’s 10-K, filed November 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is i3 Verticals, Inc.'s payments to extinguish exchangeable notes?: i3 Verticals, Inc. (IIIV) reported payments to extinguish exchangeable notes of $6.56M in Q3 2025.
What does payments to extinguish exchangeable notes mean?: Measures the cash used to retire or settle debt instruments that carry an exchange feature, typically allowing holders to convert debt into equity. This activity reflects the company's strategy for managing its capital structure and reducing long-term leverage. High levels of these payments indicate active debt management and potential dilution mitigation.