i3 Verticals, Inc.
Close on Oct 19, 2026
- Market cap
- $330.68M
- P/E (TTM)
- 43.4
- Dividend yield
- –
About i3 Verticals
Services-Prepackaged Software, SIC 7372
i3 Verticals provides cloud-native enterprise software solutions tailored for public sector clients. Following the divestitures of its merchant services and healthcare revenue cycle management businesses, the company operates as a single reportable segment delivering technology and services to state, county, and municipal government entities. Its primary product suites serve courts and public safety via JusticeTech, utilities through billing and self-service portals, public administration through fund accounting and land records, school districts via meal and event management, and transportation departments handling licensing and motor carrier compliance. Many offerings incorporate the company's proprietary payment facilitation platform for processing constituent transactions.
The company delivers its products through thousands of installations across all fifty United States and Canada. As of late 2025, it employed approximately 1,202 individuals across 49 states and two countries, with roughly half working from its 21 offices and the remainder operating in remote or hybrid arrangements. The provided text does not mention the location of its corporate headquarters.
Summary of the business section of i3 Verticals's latest annual report, written by StockData.
Company profile
Company
- Legal name
- i3 Verticals, Inc.
- Headquarters
- Nashville, TN
- Address
- 40 Burton Hills Blvd., Suite 415 37215
- Phone
- (800) 203-7981
- Employees
- 1,202, Sep 30, 2025
- Industry
- Services-Prepackaged Software
- Incorporated in
- Delaware
- Fiscal year ends
- September 30
- Auditor
- Deloitte & Touche LLP, Nashville, Tennessee
Stock & identifiers
- Ticker
- IIIV
- Exchange
- Nasdaq
- IPO date
- Jun 21, 2018
- Shares outstanding
- 26M, Aug 6, 2026
- Public float
- $577.60M, Mar 31, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1728688
- CUSIP
- 46571Y107
- ISIN
- US46571Y1073
- LEI
- 549300944CYWVP06CJ97
- EIN
- 82-4052852
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gregory S. Daily | Chief Executive Officer, Director | 7,321,832 |
| Clay M. Whitson | Chief Strategy Officer, Director | 324,512 |
| Geoffrey C. Smith | Chief Financial Officer | 54,819 |
| Paul Christians | Chief Revenue Officer | 31,250 |
| Christopher Laisure | President - Public Sector | 632,240 |
| Frederick Stanford | President | 131,687 |
| Paul Maple | General Counsel and Secretary | 65,883 |
| Timothy McKenna | Director | 47,537 |
| David K. Morgan | Director | 20,372 |
| Elizabeth S. Courtney | Director | 10,372 |
| David M. Wilds | Director | 537,155 |
| Decosta Jenkins | Director | 10,372 |
| John C. Harrison | Director | 88,969 |
| Robert Burton Harvey | Director | 15,161 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Greg Daily | $351.18K | $351.18K | $1.52M | $129 | $273 |
| FY2024 Greg Daily | $350.25K | $350.25K | $1.25M | $106 | $312 |
| FY2023 Greg Daily | $345.59K | $345.59K | $1.67M | $105 | $206 |
| FY2022 Greg Daily | $334.11K | $334.11K | $1.37M | $100 | $147 |
| FY2021 Greg Daily | $308.34K | $308.34K | $937.66K | $105 | $198 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of November 20, 2025, we had approximately 1,202 employees in 49 states and two countries.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 23, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 10, 2020 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 10, 2020 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jun 3, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Apr 8, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 21, 2018 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 15, 2018 | Listing | Registration of securities on an exchange (Form 8-A) |