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i3 Verticals, Inc. IIIV Q4 2025 Annual earnings

Reported November 17, 2025 · After market close

Revenue$54.9MBeat by $1.2M
EPS$0.27Beat by $0.01
Revenue estimate$53.7M
EPS estimate$0.26

Next report

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

Financials

Q4 2025

Income statement

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Revenue$54.9M+7.0%
Operating income$1.5M-56.7%
Net income$3.1M-97.4%
EPS (diluted)$0.04-78.9%

Balance sheet

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Cash & equivalents$67.3M-24.8%
Total debt$4.8M-86.7%
Total equity$389.6M+2.6%
Total assets$638.4M-12.6%

Cash flow

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Operating cash flow$14.0M-7.7%
CapEx$425.0K-19.8%
Free cash flow$13.5M-7.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$775.05M+55.3%
Enterprise value$712.51M+59.9%
P/E43.4×+39.0×
P/S3.6×+1.3×

Profitability

See full
Operating margin1.8%-0.3pp
Net margin8.4%-45.5pp
FCF margin1.8%-19.8pp

Returns & leverage

See full
Return on equity4.6%-32.1pp
Debt / equity0×-0.1×
Current ratio1.9×+1.0×

Segments

By product

See full
Software and related services revenue$38.5M+5.6%
Proprietary payments revenue$13.5M+10.8%
Other revenue$2.9M+8.8%

Versus estimates

Revenue

Q2 2026$57.5MIn lineQ1 2026$52.7MBeat by $521.0K
Q4 2025$54.9MBeat by $1.2M
Q3 2025$51.9MMiss by $1.8MQ2 2025$63.1MMiss by $1.1MQ1 2025$61.7MBeat by $2.9M

Diluted EPS

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

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Questions, answered.

When did i3 Verticals, Inc. report Q4 2025 earnings?
i3 Verticals, Inc. (IIIV) reported Q4 2025 earnings on November 17, 2025 after market close.
What were i3 Verticals, Inc.'s Q4 2025 revenue and EPS?
i3 Verticals, Inc. reported revenue of $54.9M and eps of $0.27 for Q4 2025.
Did i3 Verticals, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $53.7M by $1.2M. EPS beat the consensus estimate of $0.26 by $0.01.
How did i3 Verticals, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.8% from $60.9M a year earlier and eps grew 80.0% from $0.15.
Where can I find i3 Verticals, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001728688-25-000118) and the 10-K periodic report (0001728688-25-000122) directly on SEC EDGAR. The filing index links above go to sec.gov.