IIIV i3 Verticals, Inc.
Price Chart
Executive Summary
i3 Verticals posted a Q2 FY2026 investor presentation showing total revenue of $57.5M (+6% YoY), ARR of $183.5M (+12% YoY), and adjusted EBITDA of $16.6M (29% margin). The presentation is being used at two investor conferences and contains no new guidance or material non-public information.
Actionable Insight
The filing is a routine investor presentation with no new guidance or material developments. The 12% ARR growth and 29% EBITDA margin are solid but already reflected in prior disclosures. Monitor the upcoming 10-Q for full quarterly details and any guidance updates from the conference appearances.
Key Facts
- Q2 FY2026 (March 31, 2026) total revenue from continuing operations: $57.5M, up 6% YoY from $54.1M
- Annualized Recurring Revenue (ARR) of $183.5M, up 12% YoY from $164.5M
- Adjusted EBITDA from continuing operations: $16.6M (29% margin), up 5% YoY from $15.8M
- Recurring revenue of $45.9M represented 80% of total revenue
- Free cash flow of $10.9M with 66% conversion rate
- Adjusted diluted EPS from continuing operations: $0.32 vs $0.29 in prior year quarter
- Leverage ratio of 1.22x; ~16% of shares bought back through March 31, 2026
- Presentation being used at Baird 2026 Global Consumer, Technology & Services conference (June 3) and Davidson Technology Consumer Conference (June 11)
Financial Impact
Revenue +6% YoY to $57.5M; ARR +12% YoY to $183.5M; Adj. EBITDA +5% YoY to $16.6M
Risk Factors
- Non-recurring revenue declined 11% YoY, indicating lumpy professional services and license revenue
- Corporate expenses grew 19% YoY, outpacing revenue growth
- Share count declined significantly (30.6M adjusted diluted shares vs 33.5M a year ago) due to buybacks, which boosted per-share metrics
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001728688-26-000037 |
| Document: iiiv-20260602.htm | 0001728688-26-000037 |
| Document: 0001728688-26-000037-index-headers.html | 0001728688-26-000037 |
| Document: 0001728688-26-000037-index.html | 0001728688-26-000037 |
| Document: 0001728688-26-000037.txt | 0001728688-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 2, 2026
2d ago
|
8-K
| — | awaiting T+5 | — | — |
|
May 12, 2026
23d ago
|
8-K
| $18.89 $19.05 | ▲ +0.85% | ▲ +2.00% | $19.67 (+4.13%) |
|
May 7, 2026
28d ago
|
8-K
| $21.14 $18.69 | ▼ −11.59% | ▼ −13.05% | $19.67 (−6.95%) |
US Market Status
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