What is i3 Verticals, Inc.'s market cap?

i3 Verticals, Inc. (IIIV) has a market capitalization of $404.1M and trades on NASDAQ.

What is i3 Verticals, Inc.'s revenue and profitability?

i3 Verticals, Inc. generated $217.0M in trailing twelve-month revenue with net income of $17.9M, representing a net margin of 8.3%. Gross margin stands at 100.6%, with free cash flow of $43.8M. These figures are based on the Q1 2026 filing.

Who are i3 Verticals, Inc.'s competitors?

i3 Verticals, Inc.'s key competitors include Tyler Technologies, Inc., Verra Mobility Corp, Roper Technologies, Inc., and others. These companies compete in similar markets and product categories.

Who does i3 Verticals, Inc. partner with?

i3 Verticals, Inc.'s notable partners include Amazon Web Services, Microsoft Azure, JPMorgan Chase Bank, N.A., and others.

What subsidiaries does i3 Verticals, Inc. have?

i3 Verticals, Inc.'s subsidiaries include i3 Verticals, LLC, i3-Software & Services, LLC, CP-DBS, LLC.

Where is i3 Verticals, Inc. headquartered?

i3 Verticals, Inc. is headquartered in United States of America and employs approximately 1,663 people. It has been publicly traded since 2018.

i3 Verticals, Inc.

IIIV

i3 Verticals provides mission-critical enterprise software and integrated payment solutions primarily to public sector entities.

Market cap

$404.1M-41.8%

Revenue$217.0M+6.4%

Net income$17.9M-84.0%

Free cash flow$43.8M+736%

EPS (diluted)$0.10+1,100%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

May 7, 2026

Revenue$57.5MIn line EPS$0.32Beat by $0.02

Read the full report

Next report

Aug 6, 2026 (In 1 week)

Revenue estimate$55.0M

EPS estimate$0.24

Financials

Q2 2026

Income statement

See full

Revenue$57.5M+6.2%

Operating income$3.7M-26.0%

Net income$1.5M+1,051%

EPS (diluted)$0.07+75.0%

Balance sheet

See full

Cash & equivalents$10.1M-1.5%

Total debt$85.6M+327%

Total equity$317.4M-17.6%

Total assets$636.4M-1.5%

Cash flow

See full

Operating cash flow$10.0M+137%

CapEx$407.0K-18.8%

Free cash flow$9.6M+135%

Valuation & ratios

Valuation

See full

Market cap$404.1M-41.8%

Enterprise value$479.59M-26.8%

P/E22.6×+17.2×

P/S1.9×-1.5×

Profitability

See full

Operating margin0.9%-3.6pp

Net margin8.3%-46.8pp

FCF margin20.2%+17.6pp

Returns & leverage

See full

Return on equity5.1%-30.3pp

Debt / equity0.3×+0.2×

Current ratio1.3×+0.2×

Segments

By product

See full

Software and related services revenue$40.7M+8.0%

Proprietary payments revenue$14.5M+3.3%

Other revenue$2.3M-3.3%

By segment

See full

Reportable Segment$57.5M—

Competitors

By market cap

Axon Enterprise, Inc.$42.4B-26.1%

ROP

Roper Technologies, Inc.$37.1B-38.3%

Tyler Technologies$13.0B-45.8%

Paymentus Holdings$4.0B+11.0%

EverCommerce Inc.$2.1B-1.3%

Flywire Corporation$2.0B+40.5%

Verra Mobility$636.5M-45.9%

i3 Verticals, Inc.$404.1M-42.7%

By revenue growth

Axon Enterprise, Inc.+34.0%

Paymentus Holdings+33.0%

Flywire Corporation+32.5%

ROP

Roper Technologies, Inc.+10.9%

Verra Mobility+9.7%

Tyler Technologies+8.7%

i3 Verticals, Inc.+6.4%

EverCommerce Inc.+4.9%

By net margin

ROP

Roper Technologies, Inc.30.24%+9.6pp

Verra Mobility13.38%-1.2pp

Tyler Technologies13.26%0.0pp

i3 Verticals, Inc.8.26%-46.8pp

Axon Enterprise, Inc.6.9%-8.0pp

Paymentus Holdings5.78%+0.5pp

EverCommerce Inc.5.47%+11.2pp

Flywire Corporation4.45%+1.6pp

Profile

i3 Verticals provides mission-critical enterprise software and integrated payment solutions primarily to public sector entities. The company's cloud-native platforms streamline complex government operations, including courts, utilities, transportation, and education. Its core value proposition centers on enabling digital transformation for technologically underserved state and local government agencies.

Competitive position

i3 Verticals is a leader in the fragmented public sector vertical, leveraging a proprietary payment facilitator platform to differentiate its enterprise software from legacy providers.

GeographiesUnited States, Canada

Customer segmentsPublic sector entities, Educational institutions, Government agencies

Business modelSubscription SaaS, Transaction-based fees, Professional services

SuppliersCloud infrastructure providers, Sponsor banks, Payment card networks, Hardware manufacturers

CustomersState and local government agencies, Public utility departments, K-12 school districts, Law enforcement districts

CountryUnited States of America

Listed2018

Employees1.7K

CEOGregory S. Daily

SectorTechnology

IndustrySoftware - Infrastructure

Websitei3verticals.com

FilingsSEC EDGAR

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Questions, answered.

What is i3 Verticals, Inc.'s market cap?: i3 Verticals, Inc. (IIIV) has a market capitalization of $404.1M and trades on NASDAQ.
What is i3 Verticals, Inc.'s revenue and profitability?: i3 Verticals, Inc. generated $217.0M in trailing twelve-month revenue with net income of $17.9M, representing a net margin of 8.3%. Gross margin stands at 100.6%, with free cash flow of $43.8M. These figures are based on the Q1 2026 filing.
Who are i3 Verticals, Inc.'s competitors?: i3 Verticals, Inc.'s key competitors include Tyler Technologies, Inc., Verra Mobility Corp, Roper Technologies, Inc., and others. These companies compete in similar markets and product categories.
Who does i3 Verticals, Inc. partner with?: i3 Verticals, Inc.'s notable partners include Amazon Web Services, Microsoft Azure, JPMorgan Chase Bank, N.A., and others.
What subsidiaries does i3 Verticals, Inc. have?: i3 Verticals, Inc.'s subsidiaries include i3 Verticals, LLC, i3-Software & Services, LLC, CP-DBS, LLC.
Where is i3 Verticals, Inc. headquartered?: i3 Verticals, Inc. is headquartered in United States of America and employs approximately 1,663 people. It has been publicly traded since 2018.