# i3 Verticals share price today (i3 Verticals, Inc., IIIV)

> i3 Verticals, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IIIV · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/iiiv

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## Key numbers

- Price: $18.14 (−41.0% in a year)
- P/E: 51.5×, over 1 year
- Revenue (Jun 2026): $53.1 M (+2.2% on a year ago)
- Profit (Jun 2026): $5.7 M (−69.3% on a year ago)
- Operating margin: 1.0% (+10.3 points on a year ago)
- ROE: 4%, FY25
- ROIC: 0.8%, against a 7.3% cost of capital: −6.5 points
- Profit that came in as cash: 42%, last 2 years

The main question: profits are rising, but only 42% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the i3 Verticals share price today? i3 Verticals, Inc.'s share price was $18.14 at the close on 3 November 2026. That is 8.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $29, and at that close it sat 25% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 1 year the share price moved −36% while the S&P 500 moved +21%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does i3 Verticals pay? i3 Verticals, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is i3 Verticals on? i3 Verticals is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is i3 Verticals profitable? i3 Verticals, Inc. earned $5.7 M of net profit in the Jun 2026 quarter, −69.3% on the same quarter a year earlier. Full-year FY25 profit was $19.9 M. That is 10.7% of the quarter's revenue. The same quarter a year earlier earned $18.4 M. 3 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $19.9 M (−81.6% on the year before). Why profit moved: revenue changed +2.2% on a year earlier and the margin moved +10.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −37.5% and revenue +4.1%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does i3 Verticals make, and is it growing? i3 Verticals, Inc. reported $53.1 M of revenue in the Jun 2026 quarter, +2.2% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown −1.2% a year on average. The last full year, FY25, came in at $213 M. The last four reported quarters add to $218 M. The quarterly figures for FY22 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY25 revenue was $213 M, +11.5% on the year before. Recent pace: the last four quarters grew +4.1% on average, against −1.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.1%, against +0.2% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does i3 Verticals keep? i3 Verticals, Inc.'s operating margin was 1.0% in the Jun 2026 quarter, 10.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 0.5% and 4.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +10.3 percentage points on the year while gross margin changed +1.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is i3 Verticals' profit turning into cash? Over the last 2 years, 42% of i3 Verticals, Inc.'s reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $5.7 M of operating cash against $19.9 M of profit. After $1.9 M of spending on assets, $3.8 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does i3 Verticals' cash go? i3 Verticals, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $9.1 M on assets over the last 3 years. Averaged over those years that is 1.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $9.1 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is i3 Verticals' P/E ratio, and how does it compare with its own history? i3 Verticals, Inc.'s P/E is 51.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −88.5% while the price moved −41.0%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the i3 Verticals business getting better or worse? i3 Verticals, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does i3 Verticals earn on its capital? i3 Verticals, Inc. earned a ROE of 4% in FY25. That is up from a low of −8% in FY22. Its return on capital used (ROIC) is 6.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 9.3% net margin and 0.33× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 9.3% net margin × 0.33× asset turnover × 1.23× leverage (assets divided by equity) ≈ 3.8% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 0.8% − 7.3% = −6.5 percentage points. The 7.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does i3 Verticals have too much debt? i3 Verticals, Inc. has total debt of $119 M against shareholder equity of $400 M as of Jun 2026, so its debt is 0.30× its equity, which is very little. Year by year, that ratio went from 0.75 in FY21 to 0.01 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the i3 Verticals shareholding pattern? 23.8% of i3 Verticals, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is i3 Verticals from balance-sheet trouble? For i3 Verticals, Inc., the Z-score is 2.24. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.24 is in the grey area, neither clearly safe nor clearly in trouble. ## How does i3 Verticals rank in its industry? There is no score against its industry: i3 Verticals, Inc. is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is i3 Verticals compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to i3 Verticals in size? i3 Verticals is the 95th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Rezolve AI PLC, Boost Run, Inc. and Backblaze, Inc. Just below it: Allot, Repay Holdings Corporation and CI&T Inc. ### Software - Infrastructure companies close in size

1. [Rezolve AI PLC](https://www.sectoralpha.in/us/stocks/rzlv) $621 million
2. [Boost Run, Inc.](https://www.sectoralpha.in/us/stocks/brun) $608 million
3. [Backblaze, Inc.](https://www.sectoralpha.in/us/stocks/blze) $519 million
4. i3 Verticals, Inc. $477 million
5. [Allot Ltd.](https://www.sectoralpha.in/us/stocks/allt) $408 million
6. [Repay Holdings Corporation](https://www.sectoralpha.in/us/stocks/rpay) $399 million
7. [CI&T Inc.](https://www.sectoralpha.in/us/stocks/cint) $397 million

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [Caleres, Inc.](https://www.sectoralpha.in/us/stocks/cal) $465 million · Apparel Retail
2. [908 Devices Inc.](https://www.sectoralpha.in/us/stocks/mass) $465 million · Medical Devices
3. i3 Verticals, Inc. $463 million
4. [Noah Holdings Limited](https://www.sectoralpha.in/us/stocks/noah) $463 million · Asset Management
5. [NexPoint Residential Trust, Inc.](https://www.sectoralpha.in/us/stocks/nxrt) $463 million · REIT - Residential

## What else do people ask about i3 Verticals? ### What were i3 Verticals's latest quarterly results? i3 Verticals, Inc. reported revenue of $53.1 M and net profit of $5.7 M for the Jun 2026 quarter. Revenue rose 2.2% and profit fell 69.3% compared with a year earlier. Earnings per share were $0.18. The operating margin was 1.0%, 10.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is i3 Verticals's market cap? i3 Verticals, Inc.'s market capitalisation is $477 M at a stock price of $18.14. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is i3 Verticals performing? i3 Verticals, Inc.'s latest readings are below. In its latest quarter, revenue rose 2.2% and profit fell 69.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will i3 Verticals's stock price go up? This page does not forecast i3 Verticals, Inc.'s stock price. What it shows instead: the stock price is $18.14. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is i3 Verticals in its business cycle? i3 Verticals, Inc.'s FY25 operating margin was 1.3%, against a 5-year range of 0.5% to 4.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 1.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the i3 Verticals story? The main question: profits are rising, but only 42% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is i3 Verticals a stock worth studying right now? What the numbers show: i3 Verticals, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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