i3 Verticals Inc

i3 Verticals Inc

IIIV · NASDAQ · Technology / Software - Infrastructure

18.91USD+0.27 (+1.45%)

Price History

Full chart

Market Stats

Previous Close18.64
Open18.48
Day Range18.46 – 19.05
52-Week Range14.05 – 33.97
Volume216.00K
Market Cap501.22M
P/E (TTM)51.46
Forward P/E19.16
EPS0.28
Dividend Yield0.00%
Beta0.82
50-Day Avg17.38
200-Day Avg21.11

About

i3 Verticals, Inc. provides enterprise software and services solutions to public sector entities in the United States and Canada. 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. It also provides digital customer engagement platform, comprising web, mobile, chat, and voice options; billing and back-office management software solutions and services; solutions for school lunch programs, including meal account management, point of sale, menu planning, nutritional analysis, food inventory and free, and reduced meal applications, as well as school event solutions, such as ticketing and concessions. In addition, the company offers government fund accounting software; digital land records solutions, including AI indexing of information; computer assisted mass appraisal solutions; licensing and permitting solutions that include automation every step of the application, renewal, and payment process; and tax and revenue collection management solutions. i3 Verticals, Inc. was founded in 2012 and is based in Nashville, Tennessee.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Gregory S. Daily
  • Employees1.20K
  • Headquarters40 Burton Hills Boulevard, Nashville, TN, United States, 37215, USA
  • Websitehttps://www.i3verticals.com

Leadership

  • Mr. Gregory S. DailyChairman & CEO · b. 1960
  • Mr. Frederick StanfordPresident · b. 1962
  • Mr. Geoffrey C. SmithChief Financial Officer · b. 1988
  • Mr. Clay M. WhitsonChief Strategy Officer & Director · b. 1957
  • Mr. Paul ChristiansChief Revenue Officer · b. 1960
  • Mr. Eric WillisCorporate Executive Vice President of Operations
  • Mr. Michael O'KeefeChief Technology Officer
  • Mr. Paul MapleGeneral Counsel & Secretary · b. 1975
  • Ms. Amber MurphySenior Vice President of Human Resources
  • Mr. Hume MillerHead of i3 Education

Financials

Income Statement

Currency: USD2016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Revenue199.64M262.57M323.51M376.31M150.13M224.12M187.75M189.68M229.92M213.16M
Growth (%)-+31.52%+23.21%+16.32%-60.10%+49.28%-16.23%+1.03%+21.22%-7.29%
Cost of Revenue162.93M217.91M254.86M287.10M47.23M57.71M12.83M54.81M18.57M94.49M
Gross Profit36.71M44.66M68.65M89.20M102.90M166.42M174.92M134.87M211.35M118.67M
Gross Margin18.39%17.01%21.22%23.70%68.54%74.25%93.16%71.10%91.92%55.67%
Operating Expense32.75M37.06M56.29M82.81M95.13M166.43M198.06M139.28M204.50M114.66M
Operating Income3.96M7.60M12.36M6.39M7.77M-12.00K-23.14M-4.41M6.85M4.01M
Operating Margin1.99%2.89%3.82%1.70%5.18%-0.01%-12.33%-2.33%2.98%1.88%
EBITDA13.95M18.10M15.71M22.95M23.37M27.00M22.59M33.27M33.23M41.08M
EBITDA Margin6.99%6.89%4.86%6.10%15.57%12.05%12.03%17.54%14.45%19.27%
Net Income-2.09M902.00K-6.90M-3.04M-419.00K-4.46M-17.10M-811.00K113.34M17.87M
Net Income Margin-1.05%0.34%-2.13%-0.81%-0.28%-1.99%-9.11%-0.43%49.30%8.38%
R&D1.22M1.54M1.70M2.98M3.98M6.28M7.85M11.15M13.54M-
R&D as % of Total Revenue0.61%0.59%0.52%0.79%2.65%2.80%4.18%5.88%5.89%-
Interest Expense5.90M6.94M8.50M6.00M8.93M9.80M14.78M25.13M29.26M2.30M
Interest Expense % of Total Revenue2.96%2.64%2.63%1.60%5.95%4.37%7.87%13.25%12.73%1.08%

Balance Sheet

Currency: USD2016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Assets100.28M139.99M175.14M349.30M403.53M651.80M770.31M884.42M730.67M638.41M
Total Liabilities109.79M136.84M62.94M206.86M163.36M362.21M462.62M556.12M215.32M120.69M
Total Equity-9.51M3.15M39.30M142.44M240.17M204.76M218.38M236.75M379.74M389.58M
Cash3.78M955.00K572.00K1.12M15.57M3.64M3.49M3.10M86.54M66.67M
Total Debt83.54M110.84M36.78M156.05M106.66M215.77M305.58M400.63M38.31M7.75M
Net Debt79.76M109.88M36.20M138.18M75.19M212.13M302.09M397.52M-48.23M-58.92M

Cash Flow

Currency: USD2016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Operating Cash Flow10.01M7.73M18.08M26.60M23.72M46.77M45.85M37.17M48.41M5.69M
Investing Cash Flow-35.15M-47.90M-38.05M-143.73M-35.43M-156.31M-113.05M-121.52M396.15M76.46M
Financing Cash Flow28.92M37.35M19.24M119.09M29.11M102.10M73.03M72.98M-367.36M-104.41M
Capital Expenditure2.88M2.10M4.49M3.11M5.95M8.20M12.45M16.38M14.96M1.94M
Free Cash Flow7.13M5.63M13.59M23.49M17.77M38.57M33.40M20.80M33.45M3.75M
Dividends Paid56.00K1.46M52.19M189.16M325.56M594.00K643.00K310.00K--
FCF to OCF71.24%72.88%75.19%88.32%74.90%82.47%72.85%55.95%69.10%65.91%
Dividend Paid to FCF0.79%25.99%383.93%805.26%1832.47%1.54%1.93%1.49%--

Earnings

Report DateMay 4, 2017Nov 4, 2017Jun 21, 2018Aug 9, 2018Nov 28, 2018Feb 13, 2019May 13, 2019Aug 8, 2019Nov 21, 2019Feb 10, 2020May 7, 2020Aug 10, 2020Nov 19, 2020Feb 8, 2021May 10, 2021Aug 9, 2021Nov 17, 2021Feb 8, 2022May 9, 2022Aug 8, 2022Nov 16, 2022Feb 8, 2023May 9, 2023Aug 8, 2023Nov 15, 2023Feb 8, 2024May 10, 2024Aug 8, 2024Nov 18, 2024Feb 6, 2025May 8, 2025Aug 7, 2025Nov 17, 2025Feb 5, 2026May 7, 2026Aug 6, 2026Nov 16, 2026
EPS Estimate0.000.000.000.120.180.200.190.190.230.230.180.080.180.210.210.280.290.320.350.360.360.360.380.370.400.370.370.350.190.260.300.130.240.240.300.130.14
EPS Actual-0.010.040.130.140.190.200.200.200.240.240.200.130.200.220.230.260.330.350.370.370.390.370.380.380.400.360.340.070.150.310.320.080.270.260.320.05-
Surprise---16.67%5.56%0.00%5.26%5.26%4.35%4.35%11.11%62.50%11.11%4.76%9.52%-7.14%13.79%9.38%5.71%2.78%8.33%2.78%0.00%2.70%0.00%-2.70%-8.11%-80.00%-21.05%19.23%6.67%-38.46%12.50%8.33%6.67%-61.54%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap501.22M
Enterprise Value388.32M
Trailing P/E51.46
Forward P/E19.16
PEG Ratio1.24
Price / Sales2.30
Price / Book0.97
EPS0.28
Book Value15.38
Revenue (TTM)218.16M
Gross Profit (TTM)149.42M
EBITDA20.57M
Profit Margin3.90%
Operating Margin1.03%
Return on Equity2.34%
Return on Assets0.56%
Shares Outstanding18.02M
Shares Float13.57M
Beta0.82
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 7 analystsTarget 25.50
  • Strong Buy
    5
  • Hold
    2

Ownership Breakdown

Institutions
125.22%
Insiders
2.92%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    1.78M9.86%
  • Arnhold & S. Bleichroeder Advisers, LLC
    1.45M8.02%
  • Geneva Capital Management
    1.19M6.60%
  • AltraVue Capital, LLC
    1.12M6.22%
  • Punch & Associates Inv Mgmt Inc
    1.10M6.10%
  • North Reef Capital Management LP
    1.02M5.69%
  • Crosslink Capital Inc
    966.00K5.36%
  • Heartland Advisors Inc
    965.25K5.36%
  • Vanguard Capital Management, LLC
    963.15K5.34%
  • Forager Capital Management, LLC
    864.57K4.80%
  • Jennison Associates LLC
    856.63K4.75%
  • T. Rowe Price Investment Management,Inc.
    703.62K3.90%
  • State Street Corp
    693.61K3.85%
  • Vanguard Portfolio Management, LLC
    687.73K3.82%
  • Dimensional Fund Advisors, Inc.
    679.68K3.77%
  • Royce & Associates, LP
    583.42K3.24%

Top Fund Holders

  • Heartland Value Investor
    850.00K4.72%
  • First Eagle Small Cap Opportunity I
    726.70K4.03%
  • Vanguard MStar Total Stk Mkt Idx Invest
    594.15K3.30%
  • iShares Russell 2000 ETF
    586.80K3.26%