What were the key drivers behind the revenue increase—new contracts, price increases, or volume growth?

Answer

The press‑release you provided reports the headline financial results for i3 Verticals (Nasdaq: IIIV) for the fiscal third quarter ended June 30 2025 and the nine‑month period ending on that date. It highlights that:

• Third‑quarter revenue from continuing operations was $51.9 million, a 12.4 % increase versus the same quarter in 2024.
  
• Revenue from continuing operations for the nine‑month period was $158 million.

However, the release does not disclose the specific factors that generated the higher revenue. It does not mention:

• New contracts that were signed during the quarter or the nine‑month period.
  
• Price adjustments (e.g., higher rates, fee increases, or inflation‑linked escalators).
  
• Volume growth (e.g., more units sold, higher utilization of existing contracts, or expansion of service capacity).

Because the summary you shared contains only the top‑line revenue figures and a brief “highlights” section, we cannot definitively attribute the increase to any one of those drivers—new contracts, price increases, or volume growth—based solely on the information provided.

What this means for an analyst or investor

• Further investigation is needed to pinpoint the underlying cause(s). Typical next steps would include:

  • Reviewing the full earnings release (often a longer “Management Discussion & Analysis” section) where companies usually break out revenue by segment, contract wins, pricing changes, and volume metrics.
  • Listening to the accompanying earnings call (or reading its transcript) where executives often discuss the mix of new business wins, pricing strategy, and operational execution that contributed to growth.
  • Checking any supplemental materials (e.g., a PowerPoint presentation to investors) that may contain a “Revenue Drivers” slide or a “Segment Performance” table.

• Potential driver hypotheses (based on common patterns in the telecom‑infrastructure and vertical‑market services sector, where i3 Verticals operates) could include:

  1. New contracts – Winning new tower‑lease, fiber‑deployment, or data‑center projects can add a sizable top‑line boost, especially if the company announced recent expansions or acquisitions.
  2. Price increases – Companies sometimes renegotiate existing contracts to reflect inflation, higher cost‑of‑goods, or market‑based rate escalators, which would lift revenue without a change in volume.
  3. Volume growth – Higher utilization of existing assets (e.g., more tenants per tower, increased data‑center rack space occupancy) can generate incremental revenue purely from scaling the existing footprint.

Until the company’s detailed commentary is examined, any attribution to one of these three levers would be speculative.

Bottom line: The news excerpt you provided confirms that i3 Verticals experienced a 12.4 % year‑over‑year revenue growth in Q3 2025, but it does not specify whether that growth stemmed from new contracts, price increases, volume growth, or a combination of these factors. To answer the question definitively, you’ll need to locate the full earnings release, the accompanying investor call transcript, or any supplemental investor presentation that breaks out the revenue drivers.