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i3 Verticals, Inc.

IIIVTechnologyNASDAQ

Software - Infrastructure

PriceMA150MA200
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Financials · Annual
Revenue
$213.2M
+11.5% YoY
Net Income
$17.9M
-84.2% YoY
EBITDA
$43.0M
-4.8% YoY

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About i3 Verticals, Inc.

i3 Verticals, Inc. provides enterprise software and services solutions to public sector entities in the United States and Canada. The $561.4M market capitalization puts IIIV squarely in small-cap range for its industry. The company offers digital solutions for dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems; E-Filing and revenue cycle management solutions for courts; solutions for computer aided dispatch, records management, evidence management, jail management, mobile solutions, and livescan; and software solutions for vehicle title and registration, driver's license and permit management, and motor carrier compliance for departments of transportation.

Key stats
Market Cap$561.4M
P/E (TTM)182.73
Fwd P/E15.89
EPS$0.11
52W Change-19.7%
Analysis

i3 Verticals, Inc. carries $85.6M in total debt against $7.1M in cash reserves — debt is roughly 12.0x the cash position. Managing this leverage effectively will be important for long-term financial stability. Revenue has been uneven over recent years, ranging from $187.8M to $213.2M.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence i3 Verticals, Inc.'s trajectory.

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