I3 Verticals logo

I3 Verticals(NASDAQ) IIIV

Market Cap$314.26MMarket 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)-5%
5 Year-26%
1 Year-45%
1 Month+15%
Premium Feature
Moneyball Superscore
49/100
$17.32
-0.69%
-0.12Today
After hours$17.37+$0.05 (+0.29%)
I3 Verticals last closing stock price
MetricPriceDate
Last closeUSD 17.442026-10-22
I3 Verticals stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+5.06%USD 16.602026-10-15
1 month+15.12%USD 15.152026-09-22
3 month-13.62%USD 20.192026-07-24
Year to date-30.77%USD 25.192025-12-31
1 year-44.93%USD 31.672025-10-22
3 year-9.12%USD 19.192023-10-23
5 year-26.32%USD 23.672021-10-22
Since inception-4.96%USD 18.352018-06-21

I3 Verticals Financials at a Glance

Market Cap

$314.26MMarket 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)

$218.16M

Net Income (TTM)

$8.52M

EPS (TTM)

$0.37

P/E Ratio

46.94

Dividend

$0.00

Beta (Volatility)

1.06 (Average)

Price

$17.32

Volume

338,399.663

Open

$17.29

Previous Close

$17.44

Daily Range

$17.00 - $17.55

52-Week Range

$13.63 - $33.97

Estimated Earnings Date

Nov 16, 2026

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About I3 Verticals

i3 Verticals, Inc. NASDAQ:IIIV helps local governments and schools run. Its software lets groups handle payments and records digitally. These tools make public services faster for citizens.

Helping the Public Sector

  • Public Sector Software: Cloud-native tools for courts, transportation, utilities, revenue, and schools.
  • Payment Processing: Systems that allow organizations to accept credit and debit card payments.
  • Support Services: Ongoing technical help and software maintenance for long-term software users.
  • Point-of-Sale Operations: Specialized hardware and software used to process face-to-face transactions.

Streamlining Growth Through Divestitures

  • Sold the healthcare revenue cycle management business for $96.3 million in May 2025.
  • Completed the sale of the merchant services business for $439.5 million in Sept. 2024.
  • Acquired a transportation insurance verification business for $60 million in early 2026.
  • Purchased a utility billing software business for $10.3 million in early 2025.

A Leader Across North America

The company operates across all 50 states and Canada with thousands of software installations. Its strategy focuses on mission-critical software that is essential for government agencies to serve their citizens.

Performance by the Numbers

  • Revenue was $53.1 million for the three months ended June 30, 2026, up 2.2% year over year.
  • Annualized recurring revenue reached $174.1 million in Q3 2026, up 8.3% year over year.
  • Net income was $5.7 million for the three months ended June 30, 2026.
  • Available borrowing capacity reached $285.7 million as of June 30, 2026.
  • Market capitalization was $417.5 million as of mid-2026.

Bottom Line

i3 Verticals has transitioned into a focused provider of public sector software by selling its non-core merchant and healthcare units. This shift emphasizes long-term recurring revenue from state and local government contracts.

AI Generated • Aug 8, 2026

Industry

Software

Employees

1,202

CEO

Gregory S. Daily

Headquarters

Nashville, TN 37215, US

IIIV Financials

Key Financial Metrics (TTM)

Gross Margin

58.58%

Operating Margin

2.46%

Net Income Margin

3.90%

Return on Equity

2.53%

Return on Capital

1.01%

Return on Assets

1.36%

Earnings Yield

2.13%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$314.26MMarket 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

18.02M

Volume

338.40K

Avg. Volume

497.20K

Financials (TTM)

Gross Profit

$127.81M

Operating Income

$5.38M

EBITDA

$47.83M

Operating Cash Flow

$52.38M

Capital Expenditure

-$2.46M

Free Cash Flow

$49.93M

Cash & ST Invst.

$2.65M

Total Debt

$118.87M

I3 Verticals Performance Analysis

I3 Verticals annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 317,862,000N/A
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
Q42025-09-305.8%
Q12025-12-31-4.1%
Q22026-03-319.2%
Q32026-06-30-7.7%
I3 Verticals annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD -0.77N/A
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
Q42025-09-30-81.7%
Q12025-12-31-78.9%
Q22026-03-31148.2%
Q32026-06-30296.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$53.07M

+2.2%

Gross Profit

$36.75M

+4.5%

Gross Margin

69.26%

N/A

Market Cap

$314.26MMarket 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

$261.45K

N/A

Employees

1,202

N/A

Net Income

$3.48M

-73.0%

EBITDA

$16.36M

+132.0%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$2.65M

-95.2%

Total Debt

$118.87M

+1257.5%

Accounts Receivable

$48.52M

-2.3%

Inventory

$0.00

-100.0%

Long Term Debt

$116.97M

+1636.9%

Short Term Debt

$1.91M

-5.7%

Return on Assets

1.36%

N/A

Return on Invested Capital

0.94%

N/A

Free Cash Flow

$12.95M

+3.4%

Operating Cash Flow

$14.26M

+94.0%

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Questions About IIIV

What is the current price of I3 Verticals?

I3 Verticals is trading at $17.36 per share.

What is the 52-week range for I3 Verticals?

Over the past 52 weeks, I3 Verticals has traded between $13.63 and $33.97.

How much debt does I3 Verticals have?

As of the most recent reporting period, I3 Verticals reported total debt of $118.87M.

How much cash does I3 Verticals have on hand?

I3 Verticals reported $2.65M 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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