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i3 Verticals, Inc.

IIIV

$19.36 ▲ +0.35 (+1.84%) at close

10 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bullish

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Analytical Summary

i3 Verticals, Inc. shows strong fundamentals with top-quartile Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $462.9M

Dividend Yield —

Revenue Growth 11.5% ↗

Op. Margin 1.8% ↘

ROIC 0.5% ↘

FCF / Share $0.16 ↘

Trailing P/E 25.8x

Price / Book 1.2x

FCF Yield 0.8%

Debt / Equity 0.00

info Valuation on last close. End-of-day price, Nov 5, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$213.16M

↑ +11.5% —

Net Income Profit after all expenses

$17.87M

↓ -84.2% —

Operating Margin Operating profit as % of sales

1.8%

↓ -22.2% 33th

FCF / Share Free cash flow per share

$0.16

↓ -91.9% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns

Financial Health

Cash Quality

Financial view

Statement lens

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Cadence

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Revenue Growth YoY (%)	11.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-48.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-503%)	16.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	41.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+249%)	49.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+311%)	-60.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-601%)	16.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+36%)	23.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+93%)	31.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+163%)	—
EPS Growth YoY (%)	-84.5% Weak → Weak Stable Year-over-year change in earnings per share Optimal: > 10%	N/M	94.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-266.7% Weak → Weak Stable Year-over-year change in earnings per share Optimal: > 10%	-600.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	89.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—
Net Income Growth YoY (%)	-84.2% Weak ↑ Weak Improving Year-over-year change in net income	N/M	95.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-283.7% Weak → Weak Stable Year-over-year change in net income	-963.7% Weak ↓ Weak Declining Year-over-year change in net income	86.2% Excellent Excellent Year-over-year change in net income	55.9% Excellent Excellent Year-over-year change in net income	N/M	N/M	—
FCF Growth YoY (%)	-91.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	48.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-33.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-3.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	44.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-42.9% Weak Weak Year-over-year change in free cash flow	36.6% Excellent Excellent Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	-12.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-5.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	35.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-5.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-11.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-17.0% Weak Weak Compound annual revenue growth over 3 years	23.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	7.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-12.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.7% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	3.9% Caution Caution Compound annual revenue growth over 5 years	2.3% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Operating Margin (%) (%)	1.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	6.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	-0.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-104%)	-0.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	5.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	3.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	2.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	2.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)
Effective Tax Rate (%) (%)	48.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.4% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-27.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-8.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	74.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-45.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-7.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.4% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	-13.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	8.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	59.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+295%)	-0.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-5.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	-2.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	-0.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	-0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	-2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-114%)	0.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-1.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)
FCF Margin (%) (%)	1.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	23.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.7% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	19.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	4.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	0.21x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.40x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-37.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.55x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-9.56x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-49.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-8.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.30x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	8.53x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-4.37x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Return on Invested Capital (%)	0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	17.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	5.7% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	4.0% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	4.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	29.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+61%)	-0.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	-7.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-142%)	-2.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-112%)	-0.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-3.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-121%)	-17.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-195%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Debt to Equity (x)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.07x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-85%)	1.63x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+261%)	1.31x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+192%)	0.98x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+118%)	0.58x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+30%)	1.74x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+287%)	0.94x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+108%)	—	—
Interest Coverage (x)	4.06x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.15x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.06x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.27x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.48x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.30x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.57x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.21x Weak Weak Operating income divided by interest expense Optimal: > 5x	0.74x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-66.67M	$-60.30M	$381.97M	$283.53M	$196.96M	$75.19M	$138.18M	$36.20M	$109.88M	—
Debt / EBITDA (x)	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.88x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.51x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.64x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.22x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.49x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.07x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.52x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.27x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Revenue per Share (USD)	$8.91	$8.17	$16.00	$14.29	$10.68	$10.12	$35.87	$36.71	—	—
Basic EPS, GAAP (USD)	$0.75	$4.84	$-0.04	$-0.77	$-0.21	$-0.03	$-0.29	$0.08	—	—
Free Cash Flow per Share (USD)	$0.16	$1.94	$1.31	$1.96	$2.03	$1.40	$2.46	$1.80	—	—
Book Value per Share (USD)	$16.29	$16.21	$10.23	$9.81	$9.75	$10.49	$7.63	$4.46	—	—
Tangible Book Value per Share (USD)	$0.22	$-0.17	$-17.28	$-14.88	$-12.35	$-9.48	$-18.65	$-12.56	—	—
Basic Weighted Avg Shares (shares)	23.91M	23.42M	23.14M	22.25M	20.99M	14.83M	10.49M	8.81M	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Working Capital (USD)	$66.94M	$-11.34M	$-7.92M	$-27.45M	$-38.39M	$-920.00K	$-14.66M	$-9.88M	$-4.52M	—
LT Debt (USD)	$0.00	$26.22M	$385.08M	$287.02M	$200.60M	$90.76M	$139.30M	$36.78M	$110.84M	—
Total Equity (USD)	$389.58M	$379.74M	$236.75M	$218.38M	$204.76M	$155.58M	$80.07M	$39.30M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$213.16M	$191.23M	$370.24M	$317.86M	$224.12M	$150.13M	$376.31M	$323.51M	$262.57M	$199.64M
Depreciation Expense (USD)	$27.90M	$25.55M	$36.46M	$29.42M	$24.42M	$18.22M	$16.56M	$11.84M	$10.09M	$9.90M
Net Income, GAAP (USD)	$17.87M	$113.34M	$-811.00K	$-17.10M	$-4.46M	$-419.00K	$-3.04M	$-6.90M	$902.00K	$-2.09M
Operating Cash Flow (USD)	$5.69M	$48.41M	$34.50M	$45.85M	$44.53M	$23.72M	$26.60M	$18.08M	$8.33M	$10.01M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 10 years · 39 quarters

i3 Verticals, Inc.

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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