i3 Verticals, Inc.

i3 Verticals, Inc.

15.50
EUR
+0.20
(+1.31%)
0.34EPS
55.33P/E
339.30MMarket Cap
Nov 25Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25.59
33.65
36.71
35.87
10.12
10.68
8.44
8.2
8.17
8.91
9.83
Basic EPS, GAAP
-0.27
0.12
-0.78
-0.29
-0.03
-0.21
-0.77
-0.04
4.84
0.75
0.38
Free Cash Flow per Basic Share
1.17
0.99
1.67
2.45
1.39
2.12
1.97
1.61
2.07
0.24
2.36
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.17
0.39
4.31
5.54
8.25
9.3
9.5
10.18
15.9
16.24
15.38
Tangible Book Value per Share
-11.32
-14.6
-12.52
-14.61
-8.36
-13.65
-16.68
-10.86
-2.43
-1.79
-11.31
Basic Weighted Avg Shares
8
8
9
10
15
21
22
23
23
24
22
Sales/Revenue/Turnover
200
263
324
376
150
224
188
190
191
213
218
Operating Margin (%)
3.22
2.89
5.02
2.6
4.24
3.18
-0.57
2.94
2.29
1.88
3.06
Depreciation Expense
10
10
12
17
18
24
29
36
37
30
29
Net Income, GAAP
-2
1
-7
-3
- -
-4
-17
-1
113
18
9
Effective Tax Rate (%)
- -
16.4
- -
- -
- -
- -
- -
- -
- -
48.38
29.64
Profit Margin (%)
-1.05
0.34
-2.13
-0.81
-0.28
-1.99
-9.11
-0.43
59.27
8.38
3.9
Working Capital
-5
-5
-10
-15
-1
-38
-27
-8
-11
67
11
LT Debt
79
107
32
139
91
213
301
397
5
3
117
Total Equity
-10
3
112
142
240
290
308
328
515
518
400
Return on Invested Capital (%)
- -
6.76
- -
- -
- -
- -
- -
- -
- -
0.35
0.8
Return on Capital (%)
- -
7.13
- -
- -
- -
- -
- -
- -
- -
1.95
1.28
Return on Common Equity (%)
- -
- -
-32.5
-5.1
-0.36
-2.47
-8.08
-0.36
36.77
4.65
2.57

Capital Structure

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
81
114
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
21
18
Market Capitalization
590
470
388

Working Capital

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
100
78
63
Cash, Cash Equivalents & STI
38
7
3
Accounts Receivable, Net
48
55
49
Inventories
3
3
- -
Total Current Liabilities
62
59
53
Payables & Accruals
21
23
25
ST Debt
2
2
2
Deferred Revenue
36
34
25

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.19%
0.46%
Free Cash Flow
- -
8.1%
-88.24%
Net Income, GAAP
- -
-2,601.5%
-84.23%
Sales/Revenue/Turnover
- -
9.27%
11.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55
58
46
61
191
2025
52
54
52
55
213
2026
53
58
53
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.08
-0.32
4.98
4.84
2025
0.09
-0.01
0.53
0.13
0.75
2026
0.02
0.07
0.18
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gregory S. Daily
Full Time Employees
1,202
Sector
Technology services
Industry
Packaged software
Address
40 Burton Hills Boulevard Nashville TN United States 37215
IPO Date
Jun 21, 2018
Business
i3 Verticals, Inc. (Nasdaq: IIIV) provides integrated software solutions and services primarily to public sector entities, including state and local governments, courts, utilities, and K-12 education institutions across the United States and Canada. Founded in 2012 and headquartered in Nashville, Tennessee, the company offers a diverse portfolio of cloud-native software products encompassing Transportation solutions for statewide driver licensing and vehicle registration; JusticeTech for court case management, e-filing, criminal justice records, and justice administration; Enterprise Utilities for public utility billing and customer management; Public Administration tools for finance, accounting, fund management, property tax collection, and organizational workflows; and Education software for K-12 student information systems, point-of-sale lunch payments, activity fees, and family engagement portals. These offerings integrate embedded payment processing capabilities, workflow automation, compliance management, reporting analytics, and self-service portals to streamline operations and enhance efficiency for government and educational clients. In recent strategic developments, i3 Verticals divests its Healthcare Revenue Cycle Management business to Infinx for $96 million in May 2025 and its Merchant Services unit for $438 million, enabling a sharpened focus on public sector SaaS with recurring revenue now comprising the majority of its operations; the company also acquires a utility billing software provider for $9 million and expands its partnership with the West Virginia Supreme Court to modernize statewide judicial systems using i3 Court One, while reporting SaaS ARR growth to $193.3 million and adjusted EBITDA margins expanding to 26.5% in Q1 2025.

Company News

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  • i3 Verticals, Inc. (IIIV) Q1 2026 Earnings Call Transcript

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