What is i3 Verticals, Inc.'s EV / EBITDA?

i3 Verticals, Inc. (IIIV) reported EV / EBITDA of 18.6× in Q1 2026.

How has i3 Verticals, Inc.'s EV / EBITDA changed year-over-year?

i3 Verticals, Inc.'s EV / EBITDA increased by 13.9% year-over-year, from 16.3× to 18.6×.

What is the long-term trend for i3 Verticals, Inc.'s EV / EBITDA?

Over 5 years (2020 to 2025), i3 Verticals, Inc.'s EV / EBITDA has grown at a -1.7% compound annual growth rate (CAGR), from 24.5× to 22.5×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

i3 Verticals, Inc. IIIV EV / EBITDA

EV / EBITDA at other companies

Tyler TechnologiesTYL

27.9×-27.8×

ROP

Roper Technologies, Inc.ROP

14.6×-9.9×

Axon Enterprise, Inc.AXON

507.1×+294×

Flywire CorporationFLYW

17.6×-148×

Verra MobilityVRRM

4.9×—

Paymentus HoldingsPAY

22.6×-10.7×

Other financials

Income statement

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Revenue$57.5M+6.2%

Gross profit$56.0M—

Operating income$3.7M-26.0%

Net income$1.5M+1,051%

EPS (diluted)$0.07+75.0%

Balance sheet

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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

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Operating cash flow$10.0M+137%

CapEx$407.0K-18.8%

Free cash flow$9.6M+135%

Valuation

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Market cap$392.76M-34.6%

Enterprise value$468.25M-23.3%

P/E21.9×+16.6×

P/S1.8×-1.1×

Profitability

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Gross margin100.6%—

Operating margin0.9%-3.6pp

Net margin8.3%-46.8pp

FCF margin20.2%+17.6pp

Returns & leverage

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Return on equity5.1%-30.3pp

Debt / equity0.3×+0.2×

Current ratio1.3×+0.2×

Where this comes from

Calculated from i3 Verticals, Inc.’s reported figures.

enterprise value/ebitda=18.6×

Based on the most recent quarter.

The official record: i3 Verticals, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is i3 Verticals, Inc.'s EV / EBITDA?: i3 Verticals, Inc. (IIIV) reported EV / EBITDA of 18.6× in Q1 2026.
How has i3 Verticals, Inc.'s EV / EBITDA changed year-over-year?: i3 Verticals, Inc.'s EV / EBITDA increased by 13.9% year-over-year, from 16.3× to 18.6×.
What is the long-term trend for i3 Verticals, Inc.'s EV / EBITDA?: Over 5 years (2020 to 2025), i3 Verticals, Inc.'s EV / EBITDA has grown at a -1.7% compound annual growth rate (CAGR), from 24.5× to 22.5×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.