i3 Verticals, Inc.

i3 Verticals, Inc.

IIIV
i3 Verticals, Inc.US flagNASDAQ Global Select
16.34
USD
-0.29
- -
390.48MMarket Cap
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
7.44
Basic EPS, GAAP
-0.27
0.12
-0.78
-0.29
-0.03
-0.21
-0.77
-0.04
4.84
0.75
0.23
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
1.72
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
- -
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
- -
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
165
Operating Margin (%)
3.22
2.89
5.02
2.6
4.24
3.18
-0.57
2.94
2.29
1.88
3.71
Depreciation Expense
10
10
12
17
18
24
29
36
37
30
22
Net Income, GAAP
-2
1
-7
-3
- -
-4
-17
-1
113
18
5
Effective Tax Rate (%)
- -
16.4
- -
- -
- -
- -
- -
- -
- -
48.38
39.92
Profit Margin (%)
-1.05
0.34
-2.13
-0.81
-0.28
-1.99
-9.11
-0.43
59.27
8.38
3.05
Working Capital
-5
-5
-10
-15
-1
-38
-27
-8
-11
67
- -
LT Debt
79
107
32
139
91
213
301
397
5
3
- -
Total Equity
-10
3
112
142
240
290
308
328
515
518
- -
Return on Invested Capital (%)
- -
6.76
- -
- -
- -
- -
- -
- -
- -
0.37
1.42
Return on Capital (%)
- -
7.13
- -
- -
- -
- -
- -
- -
- -
1.95
1.5
Return on Common Equity (%)
- -
- -
-32.5
-5.1
-0.36
-2.47
-8.08
-0.36
36.77
4.65
2.63

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
2
2
- -
LT Borrowings
- -
81
- -
LT Finance Leases
3
3
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
21
21
Market Capitalization
570
459
439

Working Capital

FRC

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

Company Description

APIChatGPT
CEO
Gregory S. Daily
Full Time Employees
1,202
Sector
Technology
Industry
Software - Infrastructure
Address
40 Burton Hills Boulevard Nashville TN United States of America 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

APIChatGPT
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