Last 35 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
i3 Verticals, Inc.'s quarterly P/E stands at 116.7x. EV/EBITDA has expanded 29.4% YoY to 16.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.39 | 116.70 | 326.30 | 88.79 | 13.74 | — | 65.53 | 1.15 | — | 72.25 | 132.31 | 48.05 | — |
| — | — | +397.9% | +7649.5% | — | — | -50.5% | -97.6% | — | -98.7% | — | — | — | |
| P/S Ratio | 2.05 | 2.97 | 3.00 | 5.06 | 3.41 | 2.36 | 2.27 | 2.22 | 2.31 | 2.34 | 2.24 | 1.86 | 2.31 |
| — | +25.9% | +32.3% | +127.9% | +47.8% | +0.8% | +1.4% | +19.0% | -0.3% | +55.2% | +37.5% | +40.2% | +34.0% | |
| P/B Ratio | 1.31 | 1.56 | 1.31 | 2.15 | 1.39 | 1.16 | 1.09 | 1.05 | 1.49 | 1.57 | 1.46 | 2.19 | 1.69 |
| — | +34.6% | +19.5% | +104.6% | -7.3% | -26.1% | -25.1% | -52.1% | -11.7% | -13.6% | -20.8% | +48.6% | -11.6% | |
| P/FCF | 116.68 | 17.77 | 11.44 | 20.50 | 14.13 | — | 16.24 | 11.41 | 31.49 | 13.70 | 11.61 | 339.79 | — |
| — | — | -29.5% | +79.7% | -55.1% | — | +39.8% | -96.6% | — | -63.2% | +16.3% | +1746.7% | — | |
| EV / EBITDA | 11.88 | 16.65 | 18.53 | 31.59 | 68.17 | 12.87 | 12.38 | 12.91 | 35.39 | 18.38 | 19.62 | 15.16 | 50.77 |
| — | +29.4% | +49.6% | +144.7% | +92.6% | -30.0% | -36.9% | -14.9% | -30.3% | +10.3% | +19.7% | -1.0% | +10.9% | |
| EV / EBIT | 94.49 | 50.89 | 69.35 | 68.08 | — | 33.06 | 28.41 | 18.73 | — | 48.66 | 159.77 | 39.51 | — |
| — | +53.9% | +144.1% | +263.6% | — | -32.1% | -82.2% | -52.6% | — | +9.9% | +305.7% | +47.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
i3 Verticals, Inc.'s operating margin was 6.5% in Q2 2026, up 4.1 pp QoQ and up 0.2 pp YoY. The trailing four-quarter average of 0.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 12.3% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.7% | 56.8% | 53.6% | 54.9% | 67.8% | 64.8% | 65.9% | 91.7% | 91.6% | 63.5% | 64.4% | 78.2% | 93.1% |
| — | -12.3% | -18.7% | -40.1% | -26.0% | +2.0% | +2.3% | +17.3% | -1.7% | -19.4% | -17.2% | +2.9% | +23.4% | |
| Operating Margin | 1.9% | 6.5% | 2.4% | 2.3% | -9.3% | 6.3% | 4.4% | 5.8% | -1.2% | 4.3% | 2.7% | 9.1% | -8.0% |
| — | +3.5% | -45.5% | -60.4% | -680.9% | +46.6% | +62.2% | -36.0% | +85.1% | -26.1% | -60.3% | +7.7% | -135.8% | |
| Net Margin | 8.4% | 2.5% | 0.9% | 5.6% | 24.8% | -0.2% | 3.3% | 193.7% | -13.5% | 3.2% | 2.0% | 4.7% | -9.0% |
| — | +1142.3% | -72.4% | -97.1% | +284.3% | -107.5% | +67.1% | +4006.6% | -49.6% | +8336.7% | +814.8% | +215.8% | -94.5% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 0.3% | 0.1% | 0.6% | 2.5% | -0.0% | 0.4% | 27.4% | -2.2% | 0.5% | 0.3% | 1.4% | -1.7% |
| — | +1155.5% | -75.9% | -97.8% | +215.3% | -105.5% | +21.4% | +1830.2% | -32.1% | +4598.3% | +520.4% | +222.2% | -27.9% | |
| ROA | 2.6% | 0.2% | 0.1% | 0.5% | 2.0% | -0.0% | 0.3% | 14.8% | -0.9% | 0.2% | 0.1% | 0.5% | -0.6% |
| — | +1160.7% | -72.2% | -96.7% | +332.3% | -110.4% | +126.3% | +2766.1% | -49.0% | +5158.5% | +525.6% | +215.4% | -22.1% | |
| ROIC | 0.6% | 0.6% | 0.2% | 0.2% | -0.7% | 0.6% | 0.4% | 0.4% | -0.1% | 0.3% | 0.2% | 0.9% | -0.5% |
| — | -3.4% | -52.4% | -54.0% | -957.7% | +133.3% | +182.7% | -51.0% | +85.6% | -55.8% | -77.1% | +3.2% | -41.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
i3 Verticals, Inc.'s Debt/EBITDA ratio is 7.5x, up from 0.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 13.0% YoY to 1.34x, strengthening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.20 | 0.02 | 0.01 | 0.02 | 0.04 | 0.08 | 0.07 | 1.11 | 1.11 | 1.16 | 1.22 | 1.30 |
| — | +400.2% | -80.7% | -79.8% | -98.5% | -96.5% | -93.2% | -93.9% | -14.2% | -14.0% | -10.7% | +22.9% | +14.9% | |
| Debt / EBITDA | 0.24 | 7.48 | 0.91 | 0.93 | 3.61 | 1.70 | 3.89 | 4.02 | 61.04 | 30.54 | 34.95 | 21.77 | 88.51 |
| — | +340.1% | -76.6% | -76.8% | -94.1% | -94.4% | -88.9% | -81.5% | -31.0% | +9.9% | +28.3% | -12.2% | +29.0% | |
| Current Ratio | 1.95 | 1.34 | 1.61 | 1.95 | 2.02 | 1.18 | 0.94 | 0.93 | 2.98 | 0.81 | 0.50 | 0.92 | 1.00 |
| — | +13.0% | +72.1% | +109.1% | -32.2% | +46.6% | +87.7% | +1.7% | +199.2% | -2.5% | -38.0% | +21.5% | +43.9% | |
| Quick Ratio | 1.91 | 1.29 | 1.56 | 1.91 | 1.98 | 1.15 | 0.92 | 0.92 | 2.96 | 0.77 | 0.48 | 0.89 | 0.95 |
| — | +12.3% | +69.7% | +108.6% | -33.0% | +49.4% | +93.8% | +2.6% | +211.6% | -1.8% | -37.5% | +24.7% | +45.3% | |
| Interest Coverage | 5.73 | 3.28 | 5.70 | 10.52 | -0.26 | 10.30 | 6.65 | 0.94 | -0.08 | 0.61 | 0.21 | 1.05 | -0.67 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 35 years · Updated daily
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Quick answers to the most common questions about buying IIIV stock.
i3 Verticals, Inc.'s current P/E is 35.4x. The average P/E over the last 4 quarters is 136.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
i3 Verticals, Inc.'s current operating margin is 1.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking i3 Verticals, Inc.'s business trajectory between earnings reports.