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I3 Verticals(NASDAQ) IIIV

Market Cap$419.54MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2018)+17%
5 Year-33%
1 Year-26%
1 Month+1%
$21.33
-0.61%
-0.13Today
I3 Verticals last closing stock price
MetricPriceDate
Last closeUSD 21.462026-07-28
I3 Verticals stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.77%USD 20.682026-07-21
1 month+0.8%USD 21.292026-06-26
3 month-4.15%USD 22.392026-04-29
Year to date-14.81%USD 25.192025-12-31
1 year-25.8%USD 28.922025-07-28
3 year-12.66%USD 24.572023-07-28
5 year-32.62%USD 31.852021-07-29
Since inception+16.95%USD 18.352018-06-21

I3 Verticals Financials at a Glance

Market Cap

$419.54MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$216.99M

Net Income (TTM)

$17.92M

EPS (TTM)

$0.17

P/E Ratio

129.75

Dividend

$0.00

Beta (Volatility)

1.10 (Average)

Price

$21.33

Volume

257,056

Open

$21.37

Previous Close

$21.45

Daily Range

$20.98 - $21.99

52-Week Range

$18.47 - $33.97

Estimated Earnings Date

Aug 6, 2026

IIIV News

Business people - GettyImages-533443555

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About I3 Verticals

i3 Verticals helps small businesses handle electronic payments and software.

They make tools for schools, non-profits, and government offices.

Their systems simplify how these groups collect money and data.

Software, Payments, and Services

  • Software and Services: Provides software-as-a-service, maintenance, and ongoing support for clients in education and the public sector; generated $35.7 million in revenue for Q1 2026.
  • Proprietary Payments: Facilitates electronic transactions through an internal platform for specialized vertical markets; contributed $14.5 million in revenue during Q1 2026.
  • Other Offerings: Includes sales of physical hardware and non-software professional services for point-of-sale needs; accounted for $2.5 million in revenue for Q1 2026.

Reshaping the Business Portfolio

  • Sold the healthcare billing and payment business to Infinx, Inc. in June 2025 for $96.3 million.
  • Finalized the divestiture of the merchant services segment to Payroc Buyer, LLC in September 2024 for $439.5 million.
  • Acquired a Utility Billing Software Company in April 2025 to expand digital offerings for the public sector.
  • Approved a $50 million share repurchase program in August 2025 and spent $38.3 million to buy back stock during Q1 2026.

A Specialized Digital Focus

i3 Verticals operates a proprietary platform that embeds payment processing directly into specialized industry software. This integration creates a single, unified system for clients in the public sector and education markets.

The Financial Scoreboard

  • Revenue from continuing operations reached $52.7 million in Q1 2026, up 0.9% year-over-year.
  • Free cash flow rose to $13.8 million in Q1 2026, up 60.3% from the same period in the previous year.
  • Net income attributable to the company fell to $484,000 in Q1 2026, down 76.5% from Q1 2025.
  • Operating cash flow hit $14.1 million in Q1 2026, up 22.9% from the previous year.

Bottom Line

i3 Verticals has shifted focus toward proprietary software by divesting its legacy merchant and healthcare billing units. This strategy aims to build a streamlined business centered on integrated payments for niche public and educational markets.

AI Generated • May 5, 2026

Industry

Software

Sector

Information Technology

Employees

1,202

CEO

Gregory S. Daily

Website

www.i3verticals.com

Headquarters

Nashville, TN 37215, US

IIIV Financials

Key Financial Metrics (TTM)

Gross Margin

58.17%

Operating Margin

0.66%

Net Income Margin

8.26%

Return on Equity

4.95%

Return on Capital

1.01%

Return on Assets

2.82%

Earnings Yield

0.77%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$419.54MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

19.55M

Volume

257.06K

Avg. Volume

413.23K

Financials (TTM)

Gross Profit

$126.22M

Operating Income

$1.43M

EBITDA

$38.52M

Operating Cash Flow

$45.47M

Capital Expenditure

$4.03M

Free Cash Flow

$49.50M

Cash & ST Invst.

$7.14M

Total Debt

$85.61M

I3 Verticals Performance Analysis

I3 Verticals annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 317,862,00041.8%
20232023-09-30USD 226,722,000-28.7%
20242024-09-30USD 191,232,000-15.7%
20252025-09-30USD 213,158,00011.5%
I3 Verticals sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-30-17.7%
Q42025-09-305.8%
Q12025-12-31-4.1%
Q22026-03-319.2%
I3 Verticals annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD -0.77247.6%
20232023-09-30USD 0.08N/A
20242024-09-30USD -3.94N/A
20252025-09-30USD -0.34-91.4%
I3 Verticals sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-305100.0%
Q42025-09-30-81.7%
Q12025-12-31-78.9%
Q22026-03-31148.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$57.52M

-8.8%

Gross Profit

$32.68M

-20.1%

Gross Margin

56.81%

N/A

Market Cap

$419.54MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$349.03K

N/A

Employees

1,202

N/A

Net Income

$1.46M

+1050.6%

EBITDA

$11.52M

-7.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$7.14M

-7.8%

Total Debt

$85.61M

+326.8%

Accounts Receivable

$55.48M

-2.5%

Inventory

$2.62M

+17.9%

Long Term Debt

$83.83M

+401.3%

Short Term Debt

$1.79M

-46.5%

Return on Assets

2.82%

N/A

Return on Invested Capital

0.25%

N/A

Free Cash Flow

$9.62M

+132.7%

Operating Cash Flow

$10.03M

+137.0%

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Questions About IIIV

What is the current price of I3 Verticals?

I3 Verticals is trading at $21.45 per share.

What is the 52-week range for I3 Verticals?

Over the past 52 weeks, I3 Verticals has traded between $18.47 and $33.97.

How much debt does I3 Verticals have?

As of the most recent reporting period, I3 Verticals reported total debt of $85.61M.

How much cash does I3 Verticals have on hand?

I3 Verticals reported $7.14M in cash and cash equivalents in its most recent financial results.

What is I3 Verticals’s dividend yield?

I3 Verticals does not currently have a dividend yield.

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