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i3 Verticals, Inc. IIIV Ratios & Valuation

TTM Q2 '26TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Profitability
Operating margin0.9%-3.6pp1.6%-1.4pp1.8%-0.3pp2.7%+1.5pp4.5%
Net margin8.3%-46.8pp7.6%-47.4pp8.4%-45.5pp63.3%+63.3pp55.1%
EBITDA margin14.1%-3.5pp14.6%-2.7pp14.9%-2.8pp15.9%-5.0pp17.7%
Free cash flow margin20.2%+17.6pp3.1%-17.5pp1.8%-19.8pp2.3%-20.1pp2.6%
Returns
Return on equity5.1%-30.3pp4.4%-32.6pp4.6%-32.1pp41.9%+41.9pp35.4%+34.4pp
Return on assets2.8%-14.9pp2.5%-14.3pp2.6%-11.4pp17.9%+17.9pp17.6%+17.3pp
Return on invested capital0.3%-1.5pp0.5%-0.8pp0.6%-0.3pp1.2%+0.8pp1.8%+2.0pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×+0.1×0.3×+0.1×0.3×
Liquidity
Current ratio1.3×+0.2×1.6×+0.7×1.9×+1.0×-1.0×1.2×+0.4×
Quick ratio1.3×+0.1×1.6×+0.6×1.9×+1.0×-1.0×1.1×+0.4×
Cash ratio0.2×0.0×0.6×+0.1×+0.4×+0.8×0.2×+0.1×
Leverage
Debt-to-equity0.3×+0.2×-0.1×-0.1×-1.5×0.1×-1.5×
Debt-to-assets0.1×+0.1×0.0×0.0×-0.4×-0.6×
Net debt / EBITDA2.5×+2.2×-1.1×+0.4×-2×-0.5×-1.5×-11.3×0.3×-9.8×
Per Share
Book value per share$10.38
Valuation
Market capitalization$392.76M-34.6%$603.86M+11.5%$775.05M+55.3%$625.71M+21.5%$577.98M+8.5%
Enterprise value$468.25M-23.3%$569.28M+16.8%$712.51M+59.9%$575.29M-35.1%$587.77M-35.3%
Price / earnings21.9×+16.6×37×43.4×4.7×
Price / sales1.8×-1.1×2.8×+0.2×3.6×+1.3×+0.1×2.8×
Price / book1.2×-0.3×1.7×+0.2×+0.7×1.6×-0.4×1.5×-0.6×
EV / EBITDA15.3×-1.7×18.2×+4.7×22.5×+10.5×17.3×-6.2×16.3×-7.9×
EV / sales2.2×-0.8×2.7×+0.3×3.3×+1.2×2.7×-2.2×2.9×
Free cash flow yield11.1%+10.3pp1.1%-6.8pp0.5%-8.6pp0.8%-7.1pp0.9%-5.3pp
Earnings yield4.6%-14.1pp2.7%-18.4pp2.3%-20.4pp21.2%+21.2pp19.4%+19.0pp

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Questions, answered.

What are i3 Verticals, Inc.'s profit margins?
i3 Verticals, Inc. (IIIV) runs a 100.6% gross margin and a 0.9% operating margin, with a 8.3% net margin.
Where do i3 Verticals, Inc.'s ratios come from?
Every ratio is computed from i3 Verticals, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.