i3 Verticals, Inc.

i3 Verticals, Inc.

IIIVยทNASDAQ

$19.61

-2.4%
TechnologySoftware - Infrastructure

i3 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.

At a Glance

Live Snapshot
Market Cap$468.62M
EPS-0.3400
P/E Ratio-57.68
Earnings Date08/06/2026
3Y+14.0%
5Y+42.0%
10Y+7.0%
3Y-205.0%
5Y-4366.0%
10Y-954.0%
3Y-88.0%
5Y-76.0%
10Y-43.0%
i3 Verticals, Inc.

i3 Verticals, Inc. Profit Bridge

IIIV ยท NASDAQ
Revenue213.16M
Cost of Goods Sold (94.49M)
Gross Profit118.67M
Operating Expenses (114.66M)
Operating Income4.01M
Interest Expense (2.30M)
Other Income/Expense6.87M
Pretax Income10.88M
Income Tax (5.27M)
Net Income17.87M
Net Income
17.87M

Profitability Analysis

Gross Margin

55.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

1.9%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

8.4%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

48.4%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

i3 Verticals, Inc. Income Statement

IIIV โ€ข NASDAQ

i3 Verticals, Inc. Income StatementSep 2025Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016
REVENUE
213.2M
229.9M
189.7M
187.8M
224.1M
150.1M
376.3M
323.5M
262.6M
199.6M
GROSS PROFIT
(94.5M)
(18.6M)
(54.8M)
(12.8M)
(57.7M)
(47.2M)
(287.1M)
(254.9M)
(217.9M)
(162.9M)
118.7M
211.4M
134.9M
174.9M
166.4M
102.9M
89.2M
68.7M
44.7M
36.7M
OPERATING INCOME
(114.7M)
(204.5M)
(139.3M)
(198.1M)
(166.4M)
(95.1M)
(82.8M)
(52.4M)
(37.3M)
(30.3M)
(114.7M)
(173.2M)
(175.8M)
(154.6M)
(133M)
(78.3M)
(62.9M)
(39.3M)
(27.2M)
(20.4M)
(0.0)
(13.5M)
(11.2M)
(7.9M)
(6.3M)
(4M)
(3M)
(1.7M)
(1.5M)
(1.2M)
4M
6.9M
-4.4M
-23.1M
-12K
7.8M
6.4M
12.4M
7.6M
4M
PRE-TAX INCOME
(2.3M)
(29.3M)
(25.1M)
(14.8M)
(9.8M)
(8.9M)
(6M)
(8.5M)
(6.9M)
(5.9M)
-2.3M
-29.3M
-25.1M
-14.8M
-9.8M
-8.9M
-6M
-8.5M
-6.9M
-5.9M
(0.0)
(17.7M)
-47.6M
(35.6M)
(27.2M)
(12.8M)
(17M)
-3.9M
(218K)
(59K)
6.9M
-25.9M
-23.9M
-15.8M
-7.2M
-11.5M
-6M
-17M
-6.5M
-5.8M
10.9M
-19M
-28.3M
-38.9M
-7.2M
-3.8M
386K
-4.6M
1.1M
-1.9M
NET INCOME
(5.3M)
-5.7M
-3.5M
(152K)
(623K)
-2.8M
-177K
(337K)
(177K)
(243K)
17.9M
113.3M
-811K
-17.1M
-4.5M
-419K
563K
-6.9M
902K
-2.1M

SEC Filings

IIIV - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 02, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

March 03, 2026
March 03, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 06, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

January 15, 2026
March 03, 2026
2026
10-K

10-K 2025 FY

FY

November 21, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 17, 2025
November 17, 2025
2025
Showing 1 to 10 of 118 filings