i3 Verticals, Inc. (NASDAQ:IIIV)
Insiders here have filed 1 Form 4 in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $218.2M
- Net income
- $8.5M
- Net margin
- 3.9%
A manageable debt load.
- Total debt
- $118.9M
- Cash
- $2.6M
- Net debt / EBITDA
- 2.43x
Covers near-term obligations, without much room.
- Current assets
- $63.5M
- Current liabilities
- $52.6M
- Current ratio
- 1.21
The business funds itself from operations.
- Operating cash flow
- $52.4M
- Free cash flow
- $49.9M
- FCF margin
- 22.9%
Not funding itself by issuing shares.
- Shares outstanding
- 19.4M
- Share growth (1y)
- -20.1%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
IIIV Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 53.07 M | 57.52 M | 52.67 M | 54.90 M | 51.90 M | 63.06 M |
| Revenue Growth (YoY) | 2.25 % | -8.79 % | -14.62 % | -9.80 % | -7.38 % | 8.78 % |
| Cost of Revenue | 16.31 M | 24.84 M | 24.45 M | 24.75 M | 16.73 M | 22.19 M |
| Gross Profit | 36.75 M | 32.68 M | 28.22 M | 30.15 M | 35.17 M | 40.87 M |
| SG&A Expense | 28.86 M | 29.06 M | 26.99 M | 28.88 M | 33.02 M | 28.69 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 37.65 M | 28.93 M | 26.97 M | 28.88 M | 39.98 M | 36.91 M |
| Operating Income | -892.00 K | 3.74 M | 1.26 M | 1.27 M | -4.84 M | 3.96 M |
| Pretax Income | 7.19 M | 2.67 M | 1.79 M | 3.50 M | -1.02 M | 4.15 M |
| Tax Provision | 1.31 M | 478.00 K | 704.00 K | 1.99 M | -22.00 K | 3.05 M |
| Net Income | 3.48 M | 1.46 M | 484.00 K | 3.09 M | 12.88 M | -154.00 K |
| EPS (Basic) | 0.19 | 0.07 | 0.02 | 0.13 | 0.53 | -0.01 |
| EPS (Diluted) | 0.19 | 0.05 | 0.02 | 0.09 | 0.50 | -0.01 |
| Shares Outstanding | 19.42 M | 21.80 M | 23.68 M | 23.92 M | 24.31 M | 23.83 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.