i3 Verticals, Inc.: stock overview

IIIVNASDAQTechnology · Services-Prepackaged Software

Price

$18.91

November 13, 2026Market cap $452M

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  • The full history: 10 fiscal years, from FY2016
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.
  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

i3 Verticals had revenue of $218M over the last 12 months and net income of $8.5M, a net margin of 3.9%. Revenue grew by 7.3% a year on average over the last 5 years. At $18.91 the shares trade at a P/E of 53.1. It has net debt of $112M. It pays no dividend.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$452M
23.91M shares
P/E
53.1
Revenue, 12 months
$218M
+7.3% a year over 5 years
Net margin
3.9%
FY2025: 8.4%, above 69% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+6.0% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$213M
  • FY2024Sep 30, 202410-K
    Revenue$191M
  • FY2023Sep 30, 202310-K
    Revenue$190M

Fiscal years in figures

IIIV's revenue, profit, cash flow and dividend with each year-end price, from FY2016 to FY2022, 7 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $499M
$452M
Enterprise value 
$564M
P/E 
53.1
EV / EBIT 
95.0
EV / Revenue 
2.6
P/B 3-year median: 2.0
1.6
FCF yield 3-year median: 6.7%
11.0%
Earnings yield 3-year median: 2.2%
1.9%

Profitability

Operating margin 
2.7%
Net margin 3-year median: 8.4%
3.9%
ROIC 
1.1%
ROIC, 5-year average 
-0.5%
ROE 
2.5%

Growth

Revenue, yearly change 
+11.5%
EPS, yearly change 
-84.8%
FCF, yearly change 
-91.7%
Revenue, average a year 
+7.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$2.6M
Total debt 
$119M
Of which operating leases 
$4.6M
Net debt 
$112M
Net debt / EBITDA 
3.3x
Interest cover 
–
Current ratio 
1.21

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
8.32%
Total returned 
8.32%
Shares, yearly change 
+2.1%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Operating margin

1.8%

Above 47% of the 462 companies in its industry, and 39% of all.

Net margin

8.4%

Above 69% of the 473 companies in its industry, and 62% of all.

ROE

5.0%

Above 51% of the 398 companies in its industry, and 43% of all.

ROA

3.0%

Above 58% of the 462 companies in its industry, and 61% of all.

Revenue growth

11.5%

Above 58% of the 461 companies in its industry, and 66% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
i3 Verticals, Inc.
CIK
1728688
Exchange
NASDAQ
Industry (SIC)
7372 · Services-Prepackaged Software
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
23.91M

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The full analysis

What do i3 Verticals's filings show?

These are i3 Verticals's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about IIIV

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What is IIIV's market cap?

i3 Verticals, Inc.'s market cap is $452M, at a price of $18.91 on November 13, 2026 and 23.91M shares.

What is IIIV's P/E?

IIIV's P/E is 53.1, on earnings per share of $0.39 over the last 12 months.

How much revenue does IIIV have?

i3 Verticals had revenue of $218M over the last 12 months. Over the last 5 years it changed by +7.3% a year on average.

Does IIIV pay a dividend?

No. i3 Verticals paid no regular dividend over the last 12 months.

Where do the figures come from?

From i3 Verticals, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.