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i3 Verticals, Inc. IIIV R2K

Technology · Software - Infrastructure · United States
https://www.i3verticals.com

i3 Verticals, Inc. provides enterprise software and services solutions to public sector entities in the United States and Canada. The company offers digital solutions for dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems; E-Filing and revenue cycle management solutions for courts; solutions for computer aided dispatch, records management, evidence management, jail management, mobile solutions, and livescan; and software solutions for vehicle title and registration, driver's license and permit management, and motor carrier compliance for departments of transportation. It also provides digital customer engagement platform, comprising web, mobile, chat, and voice options; billing and back-office management software solutions and services; solutions for school lunch programs, including meal account management, point of sale, menu planning, nutritional analysis, food inventory and free, and reduced meal applications, as well as school event solutions, such as ticketing and concessions. In addition, the company offers government fund accounting software; digital land records solutions, including AI indexing of information; computer assisted mass appraisal solutions; licensing and permitting solutions that include automation every step of the application, renewal, and payment process; and tax and revenue collection management solutions. i3 Verticals, Inc. was founded in 2012 and is based in Nashville, Tennessee.

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$20.36
-17.60% 1Y

Market & Price

Market Cap
$568.69M
Current Price
$20.36
High / Low (52W)
$33.11 / $18.69
Beta
-

Valuation

Stock P/E
185.09
Industry PE
32.74
Forward P/E
16.09
PEG Ratio
1.24
Book Value
$15.45
Price to Book
1.32
P/S
1.94
EV/EBITDA
25.96
Dividend Yield
-

Profitability & Returns

ROCE
2.32%
ROE
-
ROA
-
Profit Margin
-2.01%
Op Margin
6.54%
EPS (Latest Qtr)
$0.07
EPS (TTM)
$0.11

Balance Sheet & Liquidity

Debt/Equity
0.20
Quick Ratio
0.37
Current Ratio
0.50
Debt
$85.61M
Total Assets
$638.41M
Current Assets
$137.62M
Working Capital
$66.94M

Ownership

Promoter Holding
2.69%
Chg in Prom Hold
-
FII / Inst Holding
130.86%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$597.36M
Total Revenue (TTM)
$293.02M
EBITDA
$23.01M
Free Cash Flow
-
Operating Cash Flow
$13.74M
Shares Outstanding
19.55M
Gross Margin
19.08%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
4.32%
Profit 5Y
68.17%
Revenue (YoY)
6.20%
Earnings (YoY)
-

PROS

  • Profit CAGR of 68.2% over 5 years.

CONS

  • Trading at a high P/E of 185.1.
  • Trading 38.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 IIIV i3 Verticals, Inc. R2K 20.36 185.09 $568.69M - 2.32% - 4.32% 68.17%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------84.87M85.39M97.48M-41.11M39.18M31.57M-44.62M49.20M63.13M-73.94M78.12M80.55M86.03M93.87M57.26M-55.05M57.97M46.18M--54.13M51.90M54.90M52.67M57.52M
Cost of Revenue --------------------------------16.58M16.73M17.70M17.58M17.14M
Gross Profit --13.69M-18.76M21.03M21.62M-23.09M24.26M27.39M-33.50M32.39M25.95M-36.73M44.40M55.19M-65.95M69.98M71.46M77.28M84.77M84.94M-82.58M84.68M---37.55M35.17M37.20M35.09M40.38M
Operating Expenses --------------------------------33.28M40.01M35.93M33.85M36.76M
Operating Income 1.10M1.71M2.72M2.08M3.35M2.60M2.92M3.50M3.53M-203.00K1.19M1.87M4.10M2.04M437.00K1.20M-1.00M1.20M-835.00K627.00K-755.00K-6.18M-2.73M-558.00K313.00K-4.58M1.25M276.00K1.98M-1.31M3.41M-4.28M-4.84M1.27M1.24M3.62M
EBITDA --------------------------------13.49M7.05M10.91M9.04M11.52M
Interest Expense --------------------------------446.00K806.00K367.00K381.00K1.14M
Pretax Income --------------------------------5.21M-1.02M3.50M1.79M2.67M
Tax Provision --------------------------------2.88M-22.00K1.99M704.00K478.00K
Net Income -417.00K48.00K887.00K384.00K-332.00K-6.84M-564.00K736.00K178.00K-1.10M-1.19M-930.00K-149.00K737.00K-356.00K-651.00K-2.00M1.30M-3.28M-482.00K-2.53M-7.37M-3.73M-240.00K36.00K-5.16M4.55M1.10M1.88M-7.54M117.91M--154.00K12.88M3.09M484.00K1.46M
Diluted EPS -------0.010.080.02-0.12-0.12-0.07-0.010.05-0.02-0.06-0.100.04-0.15-0.05-0.11-0.33-0.17-0.010.00-0.22-0.040.08-0.32---0.010.500.110.020.07

Profit & Loss (Annual)

Figures in USD.

Metric Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Revenue ---376.31M150.13M-187.75M189.68M191.23M213.16M
Cost of Revenue ------12.83M54.81M60.52M66.59M
Gross Profit 45.57M56.76M83.18M106.87M123.35M-174.92M134.87M130.72M146.57M
Operating Expenses ------176.00M129.30M126.34M142.56M
Operating Income 3.96M7.60M12.36M6.39M7.77M--1.08M5.57M4.38M4.01M
EBITDA ------5.29M33.27M45.20M43.02M
Interest Expense ------14.78M25.13M29.26M2.30M
Pretax Income -------38.91M-28.32M-21.51M10.88M
Tax Provision ------152.00K-3.51M-5.47M5.27M
Net Income -2.09M902.00K-6.90M-3.04M-419.00K--17.10M-811.00K113.34M17.87M
Diluted EPS --0.08-0.29-0.03--0.77-0.074.640.70

Compounded Sales Growth

5 Years:4.32%
1 Year:6.20%

Compounded Profit Growth

5 Years:68.17%
1 Year:-

Stock Price Performance

1 Year:-17.60%
6 Months:-16.28%
3 Months:-9.03%
1 Month:-9.07%

Balance Sheet (Annual)

Figures in USD.

Metric Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Assets 100.28M139.99M175.14M349.30M403.53M-770.31M884.42M730.67M638.41M
Current Assets ------83.81M85.54M153.39M137.62M
Cash & Equivalents -955.00K572.00K1.12M15.57M-3.49M3.10M86.53M66.67M
Inventory ------4.12M2.04M2.42M2.52M
Receivables ------53.33M50.78M50.78M58.47M
Total Liabilities -129.12M62.94M206.86M163.36M-462.62M556.12M215.32M120.69M
Current Liabilities -20.22M26.44M35.23M38.90M-111.26M93.46M164.73M70.69M
Long Term Debt -106.84M31.78M139.30M90.76M200.60M287.02M388.00M--
Total Debt ------305.58M400.63M33.42M4.79M
Total Equity --39.30M80.07M155.58M-218.38M236.75M379.74M389.58M
Shares Outstanding ------22.99M23.25M23.88M23.98M

Cash Flows (Annual)

Figures in USD.

Metric Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Operating Cash Flow 10.01M8.33M18.08M26.60M23.72M-43.76M37.17M48.41M5.69M
Investing Cash Flow -35.15M-47.90M-38.05M-143.73M-35.43M--113.05M-121.52M396.15M76.46M
Financing Cash Flow 28.92M37.35M19.24M119.09M29.11M-75.12M72.98M-367.36M-104.41M
Capital Expenditure -862.00K-636.00K-2.22M-807.00K-2.91M--12.44M-16.38M-14.96M-10.13M
Free Cash Flow 9.14M7.69M15.86M25.79M20.81M-31.32M20.80M33.45M-4.44M
Net Change in Cash ------5.83M-11.37M77.20M-22.26M
Share Buybacks -------0037.60M

Ratios (Annual)

Figures in %.

Metric Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Gross Margin % ---28.4%82.2%-93.2%71.1%68.4%68.8%
Operating Margin % ---1.7%5.2%--0.6%2.9%2.3%1.9%
Net Margin % ----0.8%-0.3%--9.1%-0.4%59.3%8.4%
ROE % ---17.6%-3.8%-0.3%--7.8%-0.3%29.8%4.6%
ROCE % -6.3%8.3%2.0%2.1%--0.2%0.7%0.8%0.7%

Shareholding Pattern

Insiders
2.69%
Institutions
130.86%
Public Float
134.48%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 9.08% 1.78M $36.16M
2 Geneva Capital Management LLC 7.96% 1.56M $31.68M
3 William Blair Investment Management, LLC 6.02% 1.18M $23.96M
4 AltraVue Capital, LLC 5.99% 1.17M $23.82M
5 Punch & Associates Investment Management, Inc. 5.28% 1.03M $21.02M
6 North Reef Capital Management LP 5.24% 1.02M $20.87M
7 Crosslink Capital Inc 4.94% 966.00K $19.67M
8 Vanguard Capital Management LLC 4.93% 963.15K $19.61M
9 Ranger Investment Management, L.p. 4.74% 925.89K $18.85M
10 Jennison Associates LLC 4.45% 870.05K $17.71M

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