i3 Verticals, Inc.(IIIV)Earnings, Financials & Key Ratios

IIIV•NASDAQ

$22.00

$486M mkt cap·39.3× P/E·Price updated May 6, 2026

SectorTechnology IndustryInfrastructure Software Sub-IndustryPayments and fintech infrastructure

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%
ROIC0.65%-24.6%
Debt/Equity0.01-79.8%
Interest Coverage5.73+1699.5%

Technical→

IIIV Key Insights

i3 Verticals, Inc. (IIIV) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 1.5x book value

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 40.0% in last year
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

IIIV Price & Volume

i3 Verticals, Inc. (IIIV) stock price & volume — 10-year historical chart

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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-5.93%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-85.74%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-97.84%

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

Full history →

●Beat EPS 5/12 qtrs (42%)●Beat Revenue 3/12 qtrs (25%)

Q1 2026Latest

Feb 5, 2026

EPS

$0.26

Est $0.23

+13.0%

Revenue

$53M

Est $52M

+1.0%

Q4 2025

Nov 17, 2025

EPS

$0.27

Est $0.26

+3.8%

Revenue

$55M

Est $54M

+2.3%

Q3 2025

Aug 7, 2025

EPS

$0.23

Est $0.21

+9.5%

Revenue

$52M

Est $54M

-3.3%

Q2 2025

May 8, 2025

EPS

$0.32

Est $0.30

+6.7%

Revenue

$63M

Est $64M

-1.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	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%
Q2 2025	May 8, 2025	$0.32vs $0.30+6.7%	$63Mvs $64M-1.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TYRATyra Biosciences, Inc.Direct Competitor	1.82B	33.80	-16.82			-41.17%	0.02
PCORProcore Technologies, Inc.Direct Competitor	7.99B	52.96	-79.04	14.83%	-5.61%	-6.27%	0.09
TNETTriNet Group, Inc.Direct Competitor	1.89B	40.89	12.94	-0.85%	3.22%	179.66%	18.13
EVTCEVERTEC, Inc.Direct Competitor	1.74B	28.16	12.80	10.21%	9.6%	11.07%	1.58
CSGSCSG Systems International, Inc.Product Competitor	2.29B	80.34	40.58	2.18%	5.14%	21.99%	2.07
ALKTAlkami Technology, Inc.Product Competitor	1.79B	16.75	-36.41	32.89%	-10.55%	-13.96%	0.98
PAYCPaycom Software, Inc.Product Competitor	6.86B	126.32	15.63	8.95%	22.44%	31.03%	0.09
GOVXGeoVax Labs, Inc.Product Competitor	1.58M	1.65	-0.07	-37.06%	-8.62%	-0%	0.22

Compare IIIV vs Peers

i3 Verticals, Inc. (IIIV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TYRA

Most directly comparable listed peer for IIIV.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare IIIV against a more recognizable public peer.

Peer Set

Compare Top 5

vs TYRA, PCOR, TNET, EVTC

IIIV Income Statement

i3 Verticals, Inc. (IIIV) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Sales/Revenue	262.57M	323.51M	376.31M	150.13M	224.12M	187.75M	189.68M	229.92M	213.16M	222.53M
Revenue Growth %	31.52%	23.21%	16.32%	-60.1%	49.28%	-16.23%	1.03%	21.22%	-7.29%	-5.93%
Cost of Goods Sold	217.91M	254.86M	287.1M	47.23M	57.71M	12.83M	54.81M	18.57M	94.49M	88.12M
COGS % of Revenue	82.99%	78.78%	76.3%	31.46%	25.75%	6.84%	28.9%	8.08%	44.33%	-
Gross Profit	44.66M▲ 0%	68.65M▲ 53.7%	89.2M▲ 29.9%	102.9M▲ 15.4%	166.42M▲ 61.7%	174.92M▲ 5.1%	134.87M▼ 22.9%	211.35M▲ 56.7%	118.67M▼ 43.9%	134.41M▲ 0%
Gross Margin %	17.01%	21.22%	23.7%	68.54%	74.25%	93.16%	71.1%	91.92%	55.67%	60.4%
Gross Profit Growth %	21.65%	53.72%	29.94%	15.36%	61.72%	5.11%	-22.9%	56.71%	-43.85%	-
Operating Expenses	37.06M	56.29M	82.81M	95.13M	166.43M	198.06M	139.28M	204.5M	114.66M	132.74M
OpEx % of Revenue	14.11%	17.4%	22.01%	63.36%	74.26%	105.49%	73.43%	88.94%	53.79%	-
Selling, General & Admin	27.19M	40.59M	62.86M	78.32M	132.99M	154.56M	175.75M	173.23M	114.66M	117.58M
SG&A % of Revenue	10.36%	12.55%	16.7%	52.17%	59.34%	82.32%	92.66%	75.34%	53.79%	-
Research & Development	1.54M	1.7M	2.98M	3.98M	6.28M	7.85M	11.15M	13.54M	0	0
R&D % of Revenue	0.59%	0.52%	0.79%	2.65%	2.8%	4.18%	5.88%	5.89%	-	-
Other Operating Expenses	8.33M	14.01M	16.98M	12.83M	27.17M	35.64M	-47.62M	17.72M	0	1.98M
Operating Income	7.6M▲ 0%	12.36M▲ 62.6%	6.39M▼ 48.3%	7.77M▲ 21.6%	-12K▼ 100.2%	-23.14M▼ 192741.7%	-4.41M▲ 80.9%	6.85M▲ 255.4%	4.01M▼ 41.5%	1.68M▲ 0%
Operating Margin %	2.89%	3.82%	1.7%	5.18%	-0.01%	-12.33%	-2.33%	2.98%	1.88%	0.75%
Operating Income Growth %	91.77%	62.64%	-48.31%	21.64%	-100.15%	-192741.67%	80.94%	255.38%	-41.48%	-
EBITDA	17.68M	24.2M	22.95M	25.99M	24.41M	-1.57M	32.05M	30.75M	31.91M	30.7M
EBITDA Margin %	6.74%	7.48%	6.1%	17.31%	10.89%	-0.84%	16.9%	13.38%	14.97%	13.79%
EBITDA Growth %	27.59%	36.84%	-5.15%	13.23%	-6.09%	-106.44%	2140.1%	-4.04%	3.76%	-20.81%
D&A (Non-Cash Add-back)	10.09M	11.84M	16.56M	18.22M	24.42M	21.57M	36.46M	23.9M	27.9M	29.02M
EBIT	8.02M	3.87M	6.39M	5.15M	2.58M	1.02M	-3.19M	9.32M	13.18M	10.41M
Net Interest Income	-6.94M	-8.5M	-6M	-8.93M	-9.8M	-14.78M	-25.13M	-29.26M	-2.3M	-2M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.94M	8.5M	6M	8.93M	9.8M	14.78M	25.13M	29.26M	2.3M	2M
Other Income/Expense	-6.52M	-16.98M	-6M	-11.55M	-7.2M	-15.77M	-23.9M	-25.87M	6.87M	6.74M
Pretax Income	1.08M▲ 0%	-4.62M▼ 528.5%	386K▲ 108.3%	-3.77M▼ 1077.7%	-7.22M▼ 91.2%	-38.91M▼ 439.2%	-28.32M▲ 27.2%	-19.01M▲ 32.8%	10.88M▲ 157.2%	8.41M▲ 0%
Pretax Margin %	0.41%	-1.43%	0.1%	-2.51%	-3.22%	-20.72%	-14.93%	-8.27%	5.11%	3.78%
Income Tax	177K	337K	-177K	-2.79M	623K	152K	-3.51M	-5.67M	5.27M	5.73M
Effective Tax Rate %	16.4%	-7.29%	-45.85%	74.06%	-8.63%	-0.39%	12.39%	29.81%	48.38%	68.09%
Net Income	902K▲ 0%	-6.9M▼ 864.7%	-3.04M▲ 55.9%	-419K▲ 86.2%	-4.46M▼ 963.7%	-17.1M▼ 283.7%	-811K▲ 95.3%	113.34M▲ 14075.5%	17.87M▼ 84.2%	16.3M▲ 0%
Net Margin %	0.34%	-2.13%	-0.81%	-0.28%	-1.99%	-9.11%	-0.43%	49.3%	8.38%	7.33%
Net Income Growth %	143.1%	-864.74%	55.86%	86.24%	-963.72%	-283.71%	95.26%	14075.46%	-84.23%	-85.74%
Net Income (Continuing)	902K	-4.96M	563K	-979K	-7.84M	-39.06M	-24.81M	-13.35M	5.62M	2.69M
Discontinued Operations	0	0	0	0	0	15.84M	22.16M	188.48M	20.89M	1.58M
Minority Interest	0	72.9M	62.37M	84.59M	84.83M	89.31M	91.55M	135.62M	128.14M	124.83M
EPS (Diluted)	0.12▲ 0%	-0.74▼ 716.7%	-0.29▲ 60.8%	-0.03▲ 89.7%	-0.22▼ 633.3%	-0.77▼ 250.0%	-0.07▲ 90.9%	4.64▲ 6728.6%	0.56▼ 87.9%	0.65▲ 0%
EPS Growth %	144.44%	-716.67%	60.81%	89.66%	-633.33%	-250%	90.91%	6728.57%	-87.93%	-97.84%
EPS (Basic)	0.12	-0.78	-0.29	-0.03	-0.21	-0.77	0.08	4.84	-0.34	-
Diluted Shares Outstanding	7.8M	9.36M	10.49M	14.85M	31.71M	22.25M	33.25M	24.43M	34.19M	25.09M
Basic Shares Outstanding	7.8M	8.81M	10.49M	14.83M	20.99M	22.25M	23.14M	23.42M	23.91M	23.68M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

IIIV Balance Sheet

i3 Verticals, Inc. (IIIV) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Total Current Assets	15.7M	16.57M	20.57M	37.98M	58.12M	83.81M	85.54M	153.39M	137.63M	100.39M
Cash & Short-Term Investments	955K	572K	1.12M	15.57M	3.64M	3.49M	3.1M	86.54M	66.67M	37.52M
Cash Only	955K	572K	1.12M	15.57M	3.64M	3.49M	3.1M	86.54M	66.67M	37.52M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.41M	12.5M	15.34M	17.54M	38.5M	58.26M	50.79M	56.18M	58.47M	47.81M
Days Sales Outstanding	11.69	14.1	14.87	42.64	62.7	113.27	97.73	89.19	100.12	87.27
Inventory	1.14M	930K	1.29M	1.31M	2.22M	4.12M	2.04M	2.42M	2.52M	3.02M
Days Inventory Outstanding	1.91	1.33	1.65	10.12	14.04	117.2	13.57	47.62	9.72	10.5
Other Current Assets	5.2M	863K	0	1.94M	8.04M	11.46M	25.82M	2.97M	3.68M	4.69M
Total Non-Current Assets	124.29M	158.58M	328.73M	365.55M	593.68M	686.5M	798.87M	577.28M	500.79M	495.54M
Property, Plant & Equipment	1.42M	2.96M	5.03M	5.34M	20.38M	23.35M	21.87M	17.63M	11.76M	10.79M
Fixed Asset Turnover	184.91x	109.37x	74.87x	28.12x	11.00x	8.04x	8.67x	13.04x	18.13x	17.66x
Goodwill	58.52M	83.95M	168.28M	187M	292.24M	353.64M	267.98M	280.68M	248.47M	248.47M
Intangible Assets	63.04M	69.39M	122.87M	126.22M	213.08M	248.26M	221.21M	221.41M	184.11M	132.94M
Long-Term Investments	1.01M	665K	2.08M	6.23M	14.22M	12.73M	4.21M	2.42M	250K	3.2M
Other Non-Current Assets	1.31M	2.27M	2.33M	4M	3.77M	5.06M	231.08M	6.7M	7.14M	75.3M
Total Assets	139.99M▲ 0%	175.14M▲ 25.1%	349.3M▲ 99.4%	403.53M▲ 15.5%	651.8M▲ 61.5%	770.31M▲ 18.2%	884.42M▲ 14.8%	730.67M▼ 17.4%	638.41M▼ 12.6%	595.93M▲ 0%
Asset Turnover	1.88x	1.85x	1.08x	0.37x	0.34x	0.24x	0.21x	0.31x	0.33x	0.36x
Asset Growth %	39.6%	25.11%	99.44%	15.52%	61.53%	18.18%	14.81%	-17.38%	-12.63%	-83.56%
Total Current Liabilities	20.22M	26.44M	35.23M	38.9M	96.51M	111.26M	93.46M	164.73M	70.69M	62.26M
Accounts Payable	1.6M	4.11M	3.44M	3.85M	7.87M	9.34M	6.37M	4.89M	6.25M	4.11M
Days Payables Outstanding	2.68	5.89	4.37	29.71	49.75	265.69	42.41	96.02	24.14	19.86
Short-Term Debt	4M	5M	0	0	3.2M	4.57M	3.66M	28.53M	1.83M	1.81M
Deferred Revenue (Current)	2.72M	4.93M	10.24M	10.99M	29.86M	31.98M	32.78M	38.36M	37.68M	138.86M
Other Current Liabilities	10.6M	10.4M	17.23M	20.2M	47.9M	56.52M	39.79M	57.11M	15.58M	18.45M
Current Ratio	0.78x	0.63x	0.58x	0.98x	0.60x	0.75x	0.92x	0.93x	1.95x	1.95x
Quick Ratio	0.72x	0.59x	0.55x	0.94x	0.58x	0.72x	0.89x	0.92x	1.91x	1.91x
Cash Conversion Cycle	10.92	9.54	12.15	23.04	26.99	-35.22	68.89	40.79	85.7	77.91
Total Non-Current Liabilities	116.62M	36.5M	171.63M	124.46M	265.7M	351.37M	462.66M	50.59M	50M	50.33M
Long-Term Debt	106.84M	31.78M	139.3M	90.76M	200.6M	287.02M	388M	4.89M	2.96M	2.79M
Capital Lease Obligations	0	0	0	0	11.96M	13.99M	8.97M	4.89M	2.96M	13.84M
Deferred Tax Liabilities	0	1.1M	516K	2.21M	3.28M	7.9M	18.61M	11.4M	8.99M	36.77M
Other Non-Current Liabilities	9.79M	4.73M	32.33M	31.49M	49.69M	42.34M	46.88M	28.61M	34.27M	143.32M
Total Liabilities	136.84M	62.94M	206.86M	163.36M	362.21M	462.62M	556.12M	215.32M	120.69M	112.59M
Total Debt	110.84M	36.78M	139.3M	90.76M	215.77M	305.58M	400.63M	38.31M	7.75M	7.39M
Net Debt	109.88M	36.2M	138.18M	75.19M	212.13M	302.09M	397.52M	-48.22M	-58.92M	-30.14M
Debt / Equity	35.23x	0.33x	0.98x	0.38x	0.75x	0.99x	1.22x	0.07x	0.01x	0.01x
Debt / EBITDA	6.27x	1.52x	6.07x	3.49x	8.84x	-	12.50x	1.25x	0.24x	0.24x
Net Debt / EBITDA	6.21x	1.50x	6.02x	2.89x	8.69x	-	12.40x	-1.57x	-1.85x	-1.85x
Interest Coverage	1.16x	0.46x	1.06x	0.58x	0.26x	0.07x	-0.13x	0.32x	5.73x	5.21x
Total Equity	3.15M▲ 0%	112.2M▲ 3466.4%	142.44M▲ 27.0%	240.17M▲ 68.6%	289.59M▲ 20.6%	307.69M▲ 6.2%	328.3M▲ 6.7%	515.36M▲ 57.0%	517.72M▲ 0.5%	483.34M▲ 0%
Equity Growth %	133.08%	3466.37%	26.96%	68.61%	20.58%	6.25%	6.7%	56.98%	0.46%	91.19%
Book Value per Share	0.40	11.99	13.58	16.17	9.13	13.83	9.87	21.10	15.14	19.26
Total Shareholders' Equity	3.15M	39.3M	80.07M	155.58M	204.76M	218.38M	236.75M	379.74M	389.58M	358.51M
Common Stock	36.16M	3K	2K	3K	3K	3K	3K	3K	3K	3K
Retained Earnings	-33.02M	736K	-2.31M	-2.02M	-6.48M	-23.58M	-12.94M	100.4M	118.27M	118.75M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.35M	-1.29M	0	0	0	0	0	0	0	0
Minority Interest	0	72.9M	62.37M	84.59M	84.83M	89.31M	91.55M	135.62M	128.14M	124.83M

IIIV Cash Flow Statement

i3 Verticals, Inc. (IIIV) cash flow — operating, investing & free cash flow history

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Cash from Operations	7.73M	18.08M	26.6M	23.72M	46.77M	45.85M	37.17M	48.41M	5.69M	5.69M
Operating CF Margin %	2.94%	5.59%	7.07%	15.8%	20.87%	24.42%	19.6%	21.05%	2.67%	-
Operating CF Growth %	-22.74%	133.89%	47.11%	-10.82%	97.19%	-1.98%	-18.92%	30.24%	-88.24%	-346.83%
Net Income	902K	-4.96M	563K	-979K	-7.84M	-23.22M	-2.65M	175.13M	17.87M	16.3M
Depreciation & Amortization	10.09M	11.84M	16.56M	18.22M	24.42M	29.42M	36.46M	37.45M	29.84M	29.02M
Stock-Based Compensation	0	1.57M	6.12M	10.45M	20.86M	26.23M	27.88M	26.34M	18.34M	19.71M
Deferred Taxes	56K	-682K	-586K	-3.21M	-287K	2.59M	-5.93M	434K	4.97M	5.62M
Other Non-Cash Items	-2M	11.35M	2.74M	269K	10.61M	17.5M	1.59M	-208.1M	-11.88M	-21.81M
Working Capital Changes	-1.16M	-1.03M	1.19M	-1.03M	-991K	-6.68M	-20.17M	17.16M	-53.46M	-48.56M
Change in Receivables	-2.43M	-2.32M	2.43M	-1.03M	-10.94M	-15.77M	-7.66M	9.58M	-7.41M	1.49M
Change in Inventory	1.87M	237K	-2.06M	-860K	914K	0	0	0	0	0
Change in Payables	-384K	1.17M	-1.77M	239K	3.88M	1.54M	1.67M	-3.24M	1M	-2.94M
Cash from Investing	-47.9M	-38.05M	-143.73M	-35.43M	-156.31M	-113.05M	-121.52M	396.15M	76.46M	76.04M
Capital Expenditures	-2.1M	-4.49M	-3.11M	-5.95M	-8.2M	-12.45M	-4.2M	0	-10.13M	-4.6M
CapEx % of Revenue	0.8%	1.39%	0.83%	3.97%	3.66%	6.63%	2.22%	1.29%	4.75%	-
Acquisitions	-44.17M	-32.36M	-137.04M	-27.69M	-149.5M	-100.72M	-102M	-19.1M	-11M	-106.62M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.46M	-3.42M	-2.3M	-3.04M	0	-430K	-13.42M	415.25M	97.59M	187.26M
Cash from Financing	37.35M	19.24M	119.09M	29.11M	102.1M	73.03M	72.98M	-367.36M	-104.41M	-134.4M
Debt Issued (Net)	27.6M	-64.65M	101.62M	-20.56M	104.39M	80.62M	82.79M	-360.04M	-26.48M	-26.48M
Equity Issued (Net)	0	84.87M	21.66M	-310K	0	18.39M	180K	-527K	-37.3M	-64.07M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-4.63M	-90.03M	-10.88M	0	0	0	0	-37.6M	-64.35M
Other Financing	9.75M	-973K	-4.19M	49.98M	-2.29M	-25.97M	-9.99M	-6.8M	-40.63M	-43.85M
Net Change in Cash	-2.82M▲ 0%	-731K▲ 74.1%	1.96M▲ 368.5%	17.4M▲ 786.4%	-7.44M▼ 142.7%	5.83M▲ 178.4%	-385K▼ 106.6%	77.2M▲ 20151.2%	-19.85M▼ 125.7%	-48.77M▲ 0%
Free Cash Flow	5.63M▲ 0%	13.59M▲ 141.3%	23.49M▲ 72.8%	17.77M▼ 24.4%	38.57M▲ 117.1%	33.4M▼ 13.4%	20.8M▼ 37.7%	45.45M▲ 118.5%	3.75M▼ 91.7%	10.46M▲ 0%
FCF Margin %	2.15%	4.2%	6.24%	11.83%	17.21%	17.79%	10.96%	19.77%	1.76%	4.7%
FCF Growth %	-20.96%	141.29%	72.8%	-24.37%	117.12%	-13.42%	-37.74%	118.54%	-91.74%	-69.64%
FCF per Share	0.72	1.45	2.24	1.20	1.22	1.50	0.63	1.86	0.11	0.11
FCF Conversion (FCF/Net Income)	8.57x	-2.62x	-8.73x	-56.61x	-10.49x	-2.68x	-45.83x	0.43x	0.32x	0.64x
Interest Paid	6.29M	7.88M	4.91M	5.25M	4.43M	8.98M	21.48M	29.49M	931K	-59K
Taxes Paid	837K	483K	1.42M	792K	287K	1.08M	3.24M	7.33M	34.87M	-50K

IIIV Key Ratios

i3 Verticals, Inc. (IIIV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	28.67%	-11.96%	-2.39%	-0.22%	-1.68%	-5.73%	-0.26%	26.87%	3.46%	3.22%
Return on Invested Capital (ROIC)	6.22%	7.09%	2.23%	1.96%	-0%	-3.12%	-0.5%	0.86%	0.65%	0.65%
Gross Margin	17.01%	21.22%	23.7%	68.54%	74.25%	93.16%	71.1%	91.92%	55.67%	60.4%
Net Margin	0.34%	-2.13%	-0.81%	-0.28%	-1.99%	-9.11%	-0.43%	49.3%	8.38%	7.33%
Debt / Equity	35.23x	0.33x	0.98x	0.38x	0.75x	0.99x	1.22x	0.07x	0.01x	0.01x
Interest Coverage	1.16x	0.46x	1.06x	0.58x	0.26x	0.07x	-0.13x	0.32x	5.73x	5.21x
FCF Conversion	8.57x	-2.62x	-8.73x	-56.61x	-10.49x	-2.68x	-45.83x	0.43x	0.32x	0.64x
Revenue Growth	31.52%	23.21%	16.32%	-60.1%	49.28%	-16.23%	1.03%	21.22%	-7.29%	-5.93%

IIIV SEC Filings & Documents

i3 Verticals, Inc. (IIIV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 3, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Nov 17, 2025·SEC

10-K Annual Reports

FY 2025

Nov 21, 2025·SEC

FY 2024

Nov 25, 2024·SEC

FY 2023

Nov 22, 2023·SEC

10-Q Quarterly Reports

FY 2026

Feb 6, 2026·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

IIIV Frequently Asked Questions

i3 Verticals, Inc. (IIIV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

i3 Verticals, Inc. (IIIV) reported $222.5M in revenue for fiscal year 2025. This represents a 11% increase from $199.6M in 2016.

i3 Verticals, Inc. (IIIV) saw revenue decline by 7.3% over the past year.

Yes, i3 Verticals, Inc. (IIIV) is profitable, generating $16.3M in net income for fiscal year 2025 (8.4% net margin).

Dividend & Returns

i3 Verticals, Inc. (IIIV) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.

i3 Verticals, Inc. (IIIV) generated $10.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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i3 Verticals, Inc.(IIIV)Earnings, Financials & Key Ratios

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