8-K Announcements
6Material company update
May 12, 2026·SEC
Material company update
May 7, 2026·SEC
Material company update
Mar 3, 2026·SEC
i3 Verticals, Inc.(IIIV)Earnings, Financials & Key Ratios
IIIV•NASDAQ
$21.40
38.2× P/E·Price updated Jul 7, 2026
Abouti3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The company also licenses software; and provides ongoing support, and other point of sale-related solutions. It offers its solutions to clients through direct sales force; distribution partners, including independent software vendors, value-added resellers, and independent sales organizations; and referral partners, such as financial institutions, trade associations, chambers of commerce, and card issuers. The company was founded in 2012 and is headquartered in Nashville, Tennessee.Show more
- Revenue$213M-7.3%
- EBITDA$32M+3.8%
- Net Income$18M-84.2%
- EPS (Diluted)0.56-87.9%
- Gross Margin55.67%-39.4%
- EBITDA Margin14.97%+11.9%
- Operating Margin1.88%-36.9%
- Net Margin8.38%-83.0%
- ROE3.46%-87.1%
IIIV Price & Volume
i3 Verticals, Inc. (IIIV) stock price & volume — 10-year historical chart
Loading chart...
Strategic Divestiture Drives Leaner Software Pivot
Investment Thesis • Updated 2026Q2
VerdictNeutral: While the company has successfully reduced its debt-to-equity ratio to 0.20
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Execution of software pivot
Key Thesis Takeaways
- i3 Verticals is currently undergoing a significant structural transformation, pivoting from a legacy merchant services model toward a specialized software-centric business.
- While this transition has resulted in a top-line contraction of 8.8% as of 2026Q2, the company has successfully deleveraged its balance sheet, reducing total debt from $392.2 million in 2024Q1 to $85.6 million.
- Investors should monitor whether the firm can stabilize its operating margins, which currently sit at a thin 6.5%, while managing the risks associated with a high goodwill concentration of $282.3 million.
Verdict Logic
the ongoing revenue contraction of 8.8% and thin 6.5% operating margins warrant caution regarding the sustainability of the current software-led pivot.
IIIV Growth Metrics
i3 Verticals, Inc. (IIIV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years7.26%
3 Years4.32%
TTM-10.2%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-84.04%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-85.06%
Return on Capital
10 Years2.41%
5 Years-0.54%
3 Years0.37%
Last Year0.71%
IIIV Recent Earnings
i3 Verticals, Inc. (IIIV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.32+6.7%
$0.30
Rev
$58M-0.0%
$58M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.26+13.0%
$0.23
Rev
$53M+1.0%
$52M
Q4 2025
Nov 17, 2025Metric
Actual
Est
EPS
$0.27+3.8%
$0.26
Rev
$55M+2.3%
$54M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.23+9.5%
$0.21
Rev
$52M-3.3%
$54M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.32vs $0.30+6.7% | $58Mvs $58M-0.0% |
| Q1 2026 | Feb 5, 2026 | $0.26vs $0.23+13.0% | $53Mvs $52M+1.0% |
| Q4 2025 | Nov 17, 2025 | $0.27vs $0.26+3.8% | $55Mvs $54M+2.3% |
| Q3 2025 | Aug 7, 2025 | $0.23vs $0.21+9.5% | $52Mvs $54M-3.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for i3 Verticals, Inc. (IIIV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $21.40 | $472.82M | 38.21 | -7.29% | 8.38% | 3.46% | — | |
| $31.94 | $1.9B | -15.89 | — | — | -42.66% | — | |
| $44.72 | $6.74B | -66.75 | 14.83% | -5.61% | -6.27% | — | |
| $55.85 | $2.58B | 17.67 | -0.85% | 3.22% | 179.66% | — | |
| $28.60 | $1.76B | 13.00 | 10.21% | 13.95% | 18.65% | — | |
| $80.69 | $2.3B | 40.75 | 2.18% | 5.14% | 21.99% | — |
Compare IIIV vs Peers
i3 Verticals, Inc. (IIIV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IIIV SEC Filings & Documents
i3 Verticals, Inc. (IIIV) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when IIIV posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
IIIV Frequently Asked Questions
i3 Verticals, Inc. (IIIV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is i3 Verticals, Inc.'s revenue?
i3 Verticals, Inc. (IIIV) reported $217.0M in revenue for fiscal year 2025. This represents a 9% increase from $199.6M in 2016.
How fast is i3 Verticals, Inc. growing?
i3 Verticals, Inc. (IIIV) saw revenue decline by 7.3% over the past year.
Is IIIV profitable?
Yes, i3 Verticals, Inc. (IIIV) is profitable, generating $17.9M in net income for fiscal year 2025 (8.4% net margin).
Dividend & Returns
What is IIIV's return on equity?
i3 Verticals, Inc. (IIIV) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.
What is i3 Verticals, Inc.'s free cash flow?
i3 Verticals, Inc. (IIIV) generated $49.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.