i3 Verticals, Inc.

i3 Verticals, Inc.

IIIV
i3 Verticals, Inc.US flagNASDAQ Global Select
20.10
USD
-0.95
- -
480.33MMarket Cap
i3 Verticals, Inc.
IIIV
(NASDAQ Global Select)

Recent

price

20.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
25.59
33.65
36.71
35.87
10.12
10.68
8.44
8.2
8.17
8.91
9.26
Revenue per Share
-0.27
0.12
-0.78
-0.29
-0.03
-0.21
-0.77
-0.04
4.84
0.75
0.76
Basic EPS, GAAP
1.17
0.99
1.67
2.45
1.39
2.12
1.97
1.61
2.07
0.24
1.94
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.22
-4.23
0.08
-0.22
-0.14
-0.31
-1.06
-0.56
4.29
4.95
5.13
Book Value per Share
-11.77
-15.17
-4.67
-14.18
-4.93
-10.28
-13.22
-6.95
3.32
3.56
-2.27
Tangible Book Value per Share
8
8
9
10
15
21
22
23
23
24
23
Basic Weighted Avg Shares
200
263
324
376
150
224
188
190
191
213
217
Sales/Revenue/Turnover
3.22
2.89
5.02
2.6
4.24
3.18
-0.57
2.94
2.29
1.88
0.59
Operating Margin (%)
10
10
12
17
18
24
29
36
37
30
29
Depreciation Expense
-2
1
-7
-3
- -
-4
-17
-1
113
18
18
Net Income, GAAP
- -
16.4
- -
- -
- -
- -
- -
- -
- -
48.38
45.46
Effective Tax Rate (%)
-1.05
0.34
-2.13
-0.81
-0.28
-1.99
-9.11
-0.43
59.27
8.38
8.26
Profit Margin (%)
-5
-5
-10
-15
-1
-38
-27
-8
-11
67
20
Working Capital
79
107
32
139
91
213
301
397
5
3
84
LT Debt
-10
3
112
142
240
290
308
328
515
518
438
Total Equity
- -
6.76
- -
- -
- -
- -
- -
- -
- -
0.37
0.13
Return on Invested Capital (%)
- -
8.83
- -
- -
- -
- -
- -
- -
- -
4.01
4
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.35
16.11
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
ST Debt
2
2
2
LT Borrowings
- -
- -
81
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
23
21
Market Capitalization
776
603
524

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'26
Mar'26
Total Current Assets
138
100
78
Cash, Cash Equivalents & STI
67
38
7
Accounts Receivable, Net
58
48
55
Inventories
3
3
3
Total Current Liabilities
71
62
59
Payables & Accruals
28
21
23
ST Debt
2
2
2
Deferred Revenue
38
36
34

Growth Rates

FRC

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

FRC

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
- -
- -
- -

Quarterly Earnings Per Share

FRC

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
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

APIChat
  • i3 Verticals Q2 Earnings Call Highlights

  • i3 Verticals, Inc. (IIIV) Q2 2026 Earnings Call Transcript

  • i3 Verticals Reports Second Quarter 2026 Financial Results

  • A Look at i3 Verticals Inc (IIIV) After 5.7% Gain -- GF Value $25.34 vs Price $22.40

  • i3 Verticals, Inc. (NASDAQ:IIIV) Given Average Recommendation of “Moderate Buy” by Brokerages

  • Comparing i3 Verticals (NASDAQ:IIIV) & Vertex (NASDAQ:VERX)

  • i3 Verticals, Inc. (IIIV) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

  • i3 Verticals to Participate in February and March 2026 Investor Conferences

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

  • i3 Verticals Reports First Quarter 2026 Financial Results

  • i3 Verticals Announces Earnings Release and Conference Call Date for First Quarter of Fiscal 2026

  • i3 Verticals, Inc. (NASDAQ:IIIV) Receives Consensus Rating of “Moderate Buy” from Brokerages

  • Confluence Investment Management LLC Reduces Holdings in i3 Verticals, Inc. $IIIV

  • Why i3 Verticals Stock Dropped Today

  • i3 Verticals, Inc. (IIIV) Q4 2025 Earnings Call Transcript

  • i3 Verticals Reports Fourth Quarter and Full Fiscal Year 2025 Financial Results

  • i3 Verticals Announces Earnings Release and Conference Call Date for Fourth Quarter of Fiscal 2025

  • i3 Verticals and West Virginia Supreme Court Expand Partnership

  • i3 Verticals, Inc. (IIIV) Q3 2025 Earnings Call Transcript

  • i3 Verticals Reports Third Quarter 2025 Financial Results