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i3 Verticals, Inc. IIIV Q2 2025 earnings

Reported May 8, 2025 · After market close

Revenue$63.1MMiss by $1.1M
EPS$0.32Beat by $0.02
Revenue estimate$64.1M
EPS estimate$0.30

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$55.0M
EPS estimate$0.24

Financials

Q2 2025

Income statement

See full
Revenue$54.1M-6.6%
Operating income$5.1M+156%
Net income-$154.0K-108%
EPS (diluted)$0.04-50.0%

Balance sheet

See full
Cash & equivalents$10.3M+40.8%
Total debt$20.1M-94.8%
Total equity$385.2M+54.5%
Total assets$646.4M+3.3%

Cash flow

See full
Operating cash flow-$27.1M-352%
CapEx$501.0K-40.2%
Free cash flow-$27.6M-379%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$577.98M+8.5%
Enterprise value$587.77M-35.3%
P/E5.1×-220×
P/S2.8×+0.1×

Profitability

See full
Operating margin4.5%+4.1pp
Net margin55.1%+53.8pp
FCF margin2.6%-14.8pp

Returns & leverage

See full
Return on equity35.4%+34.4pp
Debt / equity0.1×-1.5×
Current ratio1.2×+0.4×

Segments

By product

See full
Software and related services revenue$37.7M-10.1%
Proprietary payments revenue$14.1M—
Other revenue$2.4M-4.0%

Versus estimates

Revenue

Q2 2026$57.5MIn lineQ1 2026$52.7MBeat by $521.0KQ4 2025$54.9MBeat by $1.2MQ3 2025$51.9MMiss by $1.8M
Q2 2025$63.1MMiss by $1.1M
Q1 2025$61.7MBeat by $2.9M

Diluted EPS

Q2 2026$0.32Beat by $0.02Q1 2026$0.26Beat by $0.03Q4 2025$0.27Beat by $0.01Q3 2025$0.23Beat by $0.02
Q2 2025$0.32Beat by $0.02
Q1 2025$0.31Beat by $0.03

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Questions, answered.

When did i3 Verticals, Inc. report Q2 2025 earnings?
i3 Verticals, Inc. (IIIV) reported Q2 2025 earnings on May 8, 2025 after market close.
What were i3 Verticals, Inc.'s Q2 2025 revenue and EPS?
i3 Verticals, Inc. reported revenue of $63.1M and eps of $0.32 for Q2 2025.
Did i3 Verticals, Inc. beat estimates in Q2 2025?
Revenue missed the consensus estimate of $64.1M by $1.1M. EPS beat the consensus estimate of $0.30 by $0.02.
How did i3 Verticals, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 33.3% from $94.5M a year earlier and eps declined 5.9% from $0.34.
Where can I find i3 Verticals, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001728688-25-000089) directly on SEC EDGAR. The filing index links above go to sec.gov.