What is i3 Verticals, Inc.'s net debt?

i3 Verticals, Inc. (IIIV) reported net debt of $75.5M in Q1 2026.

How has i3 Verticals, Inc.'s net debt changed year-over-year?

i3 Verticals, Inc.'s net debt increased by 670.8% year-over-year, from $9.8M to $75.5M.

What is the long-term trend for i3 Verticals, Inc.'s net debt?

Over 5 years (2020 to 2025), i3 Verticals, Inc.'s net debt has grown at a -4.8% compound annual growth rate (CAGR), from $79.92M to -$62.54M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

i3 Verticals, Inc. IIIV Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

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

See full

Operating cash flow$10.0M+137%

CapEx$407.0K-18.8%

Free cash flow$9.6M+135%

Valuation

See full

Market cap$392.76M-34.6%

Enterprise value$468.25M-23.3%

P/E21.9×+16.6×

P/S1.8×-1.1×

Profitability

See full

Gross margin100.6%—

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×

Where this comes from

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

$85.6Mtotal debt−$10.1Mcash and equivalents=$75.5M

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 net debt?: i3 Verticals, Inc. (IIIV) reported net debt of $75.5M in Q1 2026.
How has i3 Verticals, Inc.'s net debt changed year-over-year?: i3 Verticals, Inc.'s net debt increased by 670.8% year-over-year, from $9.8M to $75.5M.
What is the long-term trend for i3 Verticals, Inc.'s net debt?: Over 5 years (2020 to 2025), i3 Verticals, Inc.'s net debt has grown at a -4.8% compound annual growth rate (CAGR), from $79.92M to -$62.54M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.