IIIV
i3 Verticals, Inc.25.57
+0.52+2.08%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Trims PS; affirms recurring; buybacks opportunistic
Q&A revealed a slight trim to FY26 professional services outlook to $31 million from the prior $33 million view, nipping organic growth by $1-2 million, yet reaffirming 8-10% organic recurring revenue growth. Management signaled opportunistic buybacks, noting significant Q1 repurchases amid stock weakness, with 10-Q details ahead. The new acquisition promises staggering expansion via state wins and payments upsell, on top of its 20%+ growth and 50% margins. Organic SaaS stays north of 20%. AI adoption lags in GovTech due to regulatory headwinds. Buybacks beckon now. Investors watch capital deployment versus M&A.
Key Stats
Market Cap
827.29MP/E (TTM)
182.64Basic EPS (TTM)
0.14Dividend Yield
0%Recent Filings
8-K
Annual meeting elects directors
i3 Verticals stockholders at the March 3, 2026 annual meeting elected eight directors—Gregory Daily, Clay Whitson, and six others—for one-year terms, with over 90% quorum and strong support despite some withheld votes. They ratified Deloitte & Touche as auditors for fiscal 2026 and advisory approved executive pay. Board continuity locked in.
10-Q
Q1 FY2026 results
i3 Verticals posted steady revenue of $52.7M for Q1 FY2026 ended December 31, 2025, up 0.9% y/y from $52.2M yet down q/q from stronger prior quarter, with software and related services at $35.7M (68%) and proprietary payments rising 7.8% y/y to $14.5M. Operating income slipped to $1.6M (3.1% margin, down 22% y/y) on higher other costs of services, while diluted EPS from continuing ops held at $0.02 (anti-dilution flagged on 25.1M shares). Cash fell to $37.5M after $38M Class A buybacks, but operating cash flow strengthened 23% y/y to $14.1M and $400M revolver sits untapped (0.0x leverage). Solid recurring revenue base endures. Litigation lingers in public sector markets.
8-K
Q1 results, buyback, acquisition
i3 Verticals posted Q1 revenue of $52.7M, up 0.9% yet with ARR surging 8.4% to $169.6M on SaaS strength. Board approved $60M Class A share repurchase through February 2027, replacing exhausted prior program. Acquisition closed January 1 for $60M cash plus up to $20M contingent; guidance lifted modestly.
10-K
FY2025 10-K (financials absent)
i3 Verticals' 10-K for fiscal year ended September 30, 2025, lacks financial statements, MD&A, or quarterly breakdowns, offering no revenue, profitability, or segment figures. No topline growth, EPS, margins, or cash flow metrics disclosed. Quarterly momentum impossible to assess. Liquidity and capital allocation details absent. No annual guidance provided. One risk: heavy reliance on key customers could disrupt quarterly revenue flows.
8-K
Q4 revenue up 7%, ARR grows
i3 Verticals posted Q4 revenue of $54.9M from continuing operations, up 7%, with full-year revenue hitting $213.2M, up 11.5%; adjusted EBITDA dipped 1.5% to $14.4M yet full-year climbed 14% to $57.5M. ARR grew 9.2% to $165.3M, fueled by 23% SaaS surge. Board lost Burton Harvey November 14. FY2026 guides revenue $217M-$232M, adjusted EBITDA $58.5M-$65M.
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