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i3 Verticals, Inc. IIIV NASDAQ

NASDAQ Global Select • Technology • Software - Infrastructure • US • USD

SharesGrow Score
57/100
1/7 Pass
SharesGrow Intrinsic Value
$13.90
-35.1%
Analyst Price Target
$29.00
+35.3%
SharesGrow 7-Criteria Score All 7 criteria scored · income-related highlighted on this page

i3 Verticals, Inc. (IIIV) reported declining year-over-year revenue growth of -18.5% through 2025-12 (TTM revenue vs prior-year TTM). Net income showed earnings decline of -85.7% YoY, reaching $484,000 in the latest quarter. The net profit margin is 0.9%, which is thin. the company was profitable in 3 out of the last 4 quarters. The gross margin is 60.3% (high), down 18.7pp vs the prior year. With a market cap data available, MOAT composite score of 49/100 (moderate competitive position).

Criteria proven by this page:

  • GROWTH (58/100, Fail) — revenue or earnings are not growing
  • PAST (50/100, Partial) — profitability has been inconsistent. Looking at the full 10-year annual history, the company was profitable in 4 of 10 years — a mixed long-term record
  • INCOME (45/100, Partial) — the company is profitable but margin is below 15%
  • MOAT (49/100, Partial) — some competitive advantages are present but not dominant

Overall SharesGrow Score: 57/100 with 1/7 criteria passed.

57/100
SG Score
View full scorecard →
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VALUE
48/100
Price-to-Earnings & upside
→ IV page
FUTURE
85/100
Analyst consensus
→ Forecast
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PAST
50/100
3/4 qtrs profit
EPS $0.02
Proven by this page
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HEALTH
67/100
Debt-to-Equity & liquidity
→ Health
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MOAT
49/100
Score: 49/100
GM 60.3% (-18.7pp)
Proven by this page
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GROWTH
58/100
Rev -18.5% YoY
NI -85.7% YoY
Proven by this page
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INCOME
45/100
Margin 0.9%
$53M
Proven by this page
i3 Verticals, Inc. Earnings and Revenue History
Revenue
Earnings & Profit Margin
Metric TTM Q1 FY2026 Q4 FY2025 Q3 FY2025 Q2 FY2025
Revenue $222.53M$52.67M$54.9M$51.9M$63.06M
Gross Profit $134.42M$28.22M$30.15M$35.17M$40.87M
Gross Margin 60.4%53.6%54.9%67.8%64.8%
Operating Income $1.68M$1.26M$1.27M$-4.81M$3.96M
Net Income $16.3M$484K$3.09M$12.88M$-154K
Net Margin 7.3%0.9%5.6%24.8%-0.2%
EPS (Diluted) $0.08$0.02$0.09$-0.02$-0.01
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