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i3 Verticals, Inc. (IIIV) stock

IIIVNasdaqServices-Prepackaged SoftwareFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 9/307% below fair value
$18.91+0.27 (+1.45%)

Close on Nov 13, 2026Market cap $497.75MP/E 48.5Yield –

i3 Verticals, Inc. grew revenue 4.1% to $218.16M over the twelve months to Jun 30, 2026. Operating income rose 3.9% to $5.94M, moving the operating margin from 2.7% to 2.7%. Free cash flow was $49.93M, up 935.6% from a year earlier. At the latest close the market valued the company at $497.75M, 48.5 times its earnings.

Revenue
$218.16M
+4.1% vs. a year earlier
Operating income
$5.94M
+3.9% vs. a year earlier
Free cash flow
$49.93M
+935.6% vs. a year earlier
EPS, diluted
$0.39
-92.9% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$497.75M
P/E ratio
48.5
Price to sales
2.28
Price to book
1.77
Dividend yield
–
Free cash flow yield
10.03%

Fundamentals

Revenue
$218.16M
Net income
$8.52M
EPS, diluted
$0.39
Free cash flow
$49.93M
Book value per share
$14.35
Diluted shares
20M

Trading

Next earnings
Nov 16, 2026 (estimated, after the close)
Previous close
$18.64
Open
$18.48
Day's range
$18.45 – $19.05
Volume
216,002
Average volume (20 days)
282,954
Index membership
Russell 2000, Russell 3000
Beta (5 years)
0.79
52-week range
$13.63 – $29.69
RSI (14 days)
62.4
Volatility (1 year)
45.3%
Relative volume
0.50×
WACC
8.3%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2018, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodIIIVS&P 500DifferenceIIIV per yearS&P 500 per year
1 month+18.0%-3.0%+21.0 pts
3 months+13.7%-2.8%+16.5 pts
Year to date-24.9%+11.5%−36.4 pts
1 year-33.7%+13.5%−47.2 pts
3 years-0.5%+77.7%−78.2 pts-0.2%+21.1%
5 years-14.0%+72.6%−86.6 pts-3.0%+11.5%

Eleven years at a glance

Fiscal years 2015 to 2025 and trailing twelve months, USD

Revenue

$218.16M+4.1% YoY

Gross profit

–

Operating income

$5.94M+3.9% YoY

Net income

$8.52M-93.6% YoY

EPS, diluted

$0.39-92.9% YoY

Free cash flow

$49.93M+935.6% YoY
Reported periodTrailing twelve months

Press releases

Releases i3 Verticals filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About i3 Verticals

Services-Prepackaged Software

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.

Company profile, executives and history

i3 Verticals stock: common questions

What is i3 Verticals's stock price?

IIIV closed at $18.91 on Nov 13, 2026, up 1.45% on the day. Over the past 52 weeks it traded between $13.63 and $29.69.

What is i3 Verticals's market cap?

i3 Verticals was worth $497.75M at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is IIIV's P/E ratio?

IIIV trades at 48.5 times earnings, based on diluted earnings per share of $0.39 over the twelve months to Jun 30, 2026.

How much revenue does i3 Verticals make?

i3 Verticals reported revenue of $218.16M for the twelve months to Jun 30, 2026, up 4.1% from a year earlier.

Does i3 Verticals pay a dividend?

No. i3 Verticals has not paid a cash dividend over the last twelve months.

When does i3 Verticals report earnings next?

i3 Verticals is expected to report Q4 FY2026 results on Nov 16, 2026, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has IIIV stock performed over the past year?

Including dividends, IIIV returned -33.7% over the past year, against +13.5% for the S&P 500.

How many IIIV shares are sold short?

3M shares were sold short at the latest FINRA report, 16.74% of the float, or 9.7 days of average trading volume.

Who are i3 Verticals's competitors?

Companies most similar to i3 Verticals by business, industry and size include CCSI, AI, BLZE, UPLD, TYL.

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