i3 Verticals, Inc. (IIIV)
Nasdaq · Services-Prepackaged Software · Services · CIK 1728688 · fiscal year ends in Sep
Closing price $17.31 on 29 Oct 2026; 52-week range $13.80 to $31.78.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $218.2M
- Revenue growth
- 4.1%
- Net income, last twelve months
- $8.5M
- Earnings per share
- $0.39
- Operating margin
- 2.7%
- Net margin
- 3.9%
- Free cash flow
- $49.9M
- Return on equity
- 3.0%
- Market value
- $338.3M
- Price to earnings
- 44.4x
- Cash
- $2.6M
- Debt
- $114.3M
- Debt to equity
- 0.41
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 30 Sep 2025 | $213.2M | $3.8M | $17.9M | $0.72 | $3.8M | 10-K filed 21 Nov 2025 |
| FY2024 | 30 Sep 2024 | $191.2M | $4.4M | $113.3M | $4.73 | $45.4M | 10-K filed 25 Nov 2024 |
| FY2023 | 30 Sep 2023 | $189.7M | -$4.4M | -$811.0K | -$0.07 | $33.0M | 10-K filed 22 Nov 2023 |
| FY2022 | 30 Sep 2022 | $187.8M | -$23.1M | -$17.1M | -$0.77 | $41.5M | 10-K filed 18 Nov 2022 |
| FY2021 | 30 Sep 2021 | $224.1M | -$12.0K | -$4.5M | -$0.22 | $42.6M | 10-K filed 22 Nov 2021 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Jun 2026 | $53.1M | $3.5M | $0.18 |
| Q2 FY2026 | 31 Mar 2026 | $57.5M | $1.5M | $0.07 |
| Q1 FY2026 | 31 Dec 2025 | $52.7M | $484.0K | $0.02 |
| Q4 FY2025 | 30 Sep 2025 | $54.9M | $3.1M | $0.12 |
| Q3 FY2025 | 30 Jun 2025 | $51.9M | $12.9M | $0.50 |
| Q2 FY2025 | 31 Mar 2025 | $54.1M | -$154.0K | -$0.01 |
| Q1 FY2025 | 31 Dec 2024 | $52.2M | $2.1M | $0.08 |
| Q4 FY2024 | 30 Sep 2024 | $51.3M | $117.9M | $4.93 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Software and related services revenue | $149.0M | 69.9% |
| Proprietary payments revenue | $54.1M | 25.4% |
| Other revenue | $10.1M | 4.7% |
Company events
The newest 8-K filings of 72 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Oct 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 6 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 2 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 12 May 2026 | 8-K | Other events | 8.01 |
| 7 May 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 3 Mar 2026 | 8-K | Shareholder vote | 5.07 |
| 5 Feb 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 17 Nov 2025 | 8-K | Results, Leadership change, Investor update | 2.02, 5.02, 7.01, 9.01 |
| 7 Aug 2025 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 8 May 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 May 2025 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 25 Feb 2025 | 8-K | Shareholder vote | 5.07 |
Every filing
The newest filings with the SEC of 179 held.
| Filed | Form | Period |
|---|---|---|
| 9 Oct 2026 | 8-K | 9 Oct 2026 |
| 7 Aug 2026 | 10-Q | 30 Jun 2026 |
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
| 2 Jun 2026 | 8-K | 2 Jun 2026 |
| 12 May 2026 | 8-K | 12 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 3 Mar 2026 | 8-K | 3 Mar 2026 |
| 18 Feb 2026 | S-8 | – |
| 6 Feb 2026 | 10-Q | 31 Dec 2025 |
| 5 Feb 2026 | 8-K | 5 Feb 2026 |
| 15 Jan 2026 | ARS | 30 Sep 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 May 2026 | Daily Gregory S, Chief Executive Officer | Purchase | 50,000 | $19.23 | $961.5K | 50,000 | 14 May 2026 |
| 6 Mar 2026 | Christians Paul, Chief Revenue Officer | Sale outside a trading plan | 6,122 | $23.23 | $142.2K | 31,250 | 9 Mar 2026 |
| 3 Dec 2025 | Christians Paul, Chief Revenue Officer | Sale outside a trading plan | 9,000 | $23.27 | $209.4K | 45,818 | 4 Dec 2025 |
| 26 Nov 2025 | Christians Paul, Chief Revenue Officer | Sale outside a trading plan | 3,292 | $23.78 | $78.3K | 54,818 | 1 Dec 2025 |
| 21 Nov 2025 | Stanford Frederick, President | Sale outside a trading plan | 11,347 | $24.21 | $274.7K | 43,653 | 25 Nov 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 6 Mar 2026 | PAUL CHRISTIANS, Officer | 6,122 | $142.2K | 6 Mar 2026 |
| 6 Feb 2026 | BURTON HARVEY, Director | 3,393 | $71.2K | 6 Feb 2026 |
| 3 Dec 2025 | PAUL CHRISTIANS, Officer | 9,000 | $209.4K | 3 Dec 2025 |
| 26 Nov 2025 | PAUL CHRISTIANS, Officer | 3,292 | $78.3K | 26 Nov 2025 |
| 21 Nov 2025 | FREDERICK STANFORD, Officer | 11,347 | $274.7K | 21 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 20 Oct 2026 | GENEVA CAPITAL MANAGEMENT LLC | 13G amended | 0% | 0 |
| 30 Sep 2026 | Forager Capital Management, LLC | 13G | 6.1% | 1.1M |
| 14 Aug 2026 | Punch & Associates Investment Management, Inc. | 13G | 5.6% | 1.1M |
| 14 Aug 2026 | North Reef Capital Management LP | 13G | 5.5% | 1.1M |
| 14 Aug 2026 | Crosslink Capital, Inc. | 13G | 5.7% | 1.1M |
| 11 Aug 2026 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 13G amended | 0% | 0 |
| 31 Jul 2026 | Vanguard Capital Management | 13G amended | 4.94% | 966.2K |
| 28 Jul 2026 | BlackRock, Inc. | 13G amended | 9.1% | 1.8M |
| 7 May 2026 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 13G | 5.3% | 1.2M |
| 30 Apr 2026 | Vanguard Capital Management | 13G | 5.03% | 1.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 3.0M | -10.58% | 8.24 |
| 30 Sep 2026 | 3.3M | -4.86% | 4.88 |
| 15 Sep 2026 | 3.5M | -0.04% | 6.71 |
| 31 Aug 2026 | 3.5M | +3.76% | 7.67 |
| 14 Aug 2026 | 3.4M | +8.38% | 5 |
| 31 Jul 2026 | 3.1M | -5.8% | 12.03 |
| 15 Jul 2026 | 3.3M | +1.28% | 11.14 |
| 30 Jun 2026 | 3.2M | -7.2% | 5.06 |
Funds that hold it
From each fund's latest Form 13F.
160 funds held it at 30 Jun 2026: 52 added and 59 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 1,802,534 | $38.5M | +26,578 |
| First Eagle Investment Management, LLC | 1,446,018 | $30.9M | – |
| Geneva Capital Management LLC | 1,190,152 | $25.4M | -365,752 |
| AltraVue Capital, LLC | 1,120,046 | $23.9M | -50,100 |
| Crosslink Capital Inc. | 1,117,986 | $23.9M | +151,985 |
| Punch & Associates Investment Management, Inc. | 1,099,486 | $23.5M | +66,880 |
| North Reef Capital Management LP | 1,075,000 | $23.0M | +50,000 |
| Heartland Advisors Inc. | 965,250 | $20.6M | +358,300 |
| Forager Capital Management, LLC | 864,574 | $18.5M | +285,173 |
| Jennison Associates LLC | 856,628 | $18.3M | -13,423 |
Peers
Companies in the same industry.
- Microsoft Corp. (MSFT): revenue $346.4B, market value $3.94T
- Palantir Technologies Inc. (PLTR): revenue $6.2B, market value $471.9B
- Oracle Corp. (ORCL): revenue $71.8B, market value $422.1B
- SAP SE (SAP): revenue $41.6B, market value $273.2B
- CrowdStrike Holdings, Inc. (CRWD): revenue $5.4B, market value $267.5B
- Shopify Inc. (SHOP): revenue $13.3B, market value $216.7B
- Salesforce, Inc. (CRM): revenue $43.9B, market value $190.0B
- Snowflake Inc. (SNOW): revenue $5.4B, market value $116.3B
- ServiceNow, Inc. (NOW): revenue $15.4B, market value $113.8B
- Cloudflare, Inc. (NET): revenue $2.5B, market value $110.0B