📊 IIIV Key Takeaways
Is IIIV a Good Investment? Thesis Analysis
While i3 Verticals shows revenue growth of 11.5% YoY and maintains positive free cash flow, fundamental profitability has deteriorated sharply with net income declining 32.6% YoY and EPS plummeting 84.8% YoY despite top-line growth, indicating significant operational margin compression and poor capital efficiency. Data quality issues with reported gross profit figures exceeding revenue raise additional concerns about financial statement reliability.
Why Buy IIIV? Key Strengths
- Positive revenue growth of 11.5% YoY demonstrates market demand persistence
- Strong liquidity position with current ratio of 1.61x and quick ratio of 1.56x supports operational needs
- Positive free cash flow of $13.8M with zero long-term debt provides financial flexibility
- Healthy cash position of $37.5M enables operations without external financing pressure
IIIV Investment Risks to Consider
- Sharp profitability decline (net income -32.6% YoY, EPS -84.8% YoY) despite revenue growth signals operational deterioration
- Extremely thin margins (3.1% operating, 0.9% net) indicate weak pricing power and/or unsustainable cost structure
- Negligible returns on equity (0.1%) and assets (0.1%) demonstrate poor capital efficiency and marginal business economics
- Data quality anomalies with gross profit exceeding revenue raise material concerns about financial statement accuracy and reporting reliability
Key Metrics to Watch
- Net margin trend and EPS stabilization to assess if profitability decline reverses
- Operating cash flow sustainability to validate earnings quality given reported profitability metrics
- Operating leverage improvement as revenue scales to demonstrate margin expansion capability
IIIV Financial Metrics
💡 AI Analyst Insight
The 26.2% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
IIIV Profitability Ratios
IIIV vs Technology Sector
How i3 Verticals, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is IIIV Overvalued or Undervalued?
Based on fundamental analysis, i3 Verticals, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
IIIV Balance Sheet & Liquidity
IIIV 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: i3 Verticals, Inc.'s revenue has declined by 43% over the 5-year period, indicating business contraction. The most recent EPS of $-0.07 indicates the company is currently unprofitable.
IIIV Growth Metrics (YoY)
IIIV Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $52.2M | $484.0K | $0.02 |
| Q3 2025 | $46.2M | -$4.6M | $0.50 |
| Q2 2025 | $58.0M | -$154.0K | $0.08 |
| Q1 2025 | $55.1M | $1.1M | $0.04 |
| Q3 2024 | $56.0M | -$4.6M | $-0.20 |
| Q2 2024 | $93.9M | $36.0K | $0.00 |
| Q1 2024 | $86.0M | -$240.0K | $-0.01 |
| Q3 2023 | $80.6M | -$3.7M | $-0.17 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
IIIV Capital Allocation
IIIV SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for i3 Verticals, Inc. (CIK: 0001728688)
📋 Recent SEC Filings
❓ Frequently Asked Questions about IIIV
What is the AI rating for IIIV?
i3 Verticals, Inc. (IIIV) has an AI rating of SELL with 60% confidence, based on fundamental analysis of SEC EDGAR filings.
What are IIIV's key strengths?
Claude: Positive revenue growth of 11.5% YoY demonstrates market demand persistence. Strong liquidity position with current ratio of 1.61x and quick ratio of 1.56x supports operational needs.
What are the risks of investing in IIIV?
Claude: Sharp profitability decline (net income -32.6% YoY, EPS -84.8% YoY) despite revenue growth signals operational deterioration. Extremely thin margins (3.1% operating, 0.9% net) indicate weak pricing power and/or unsustainable cost structure.
What is IIIV's revenue and growth?
i3 Verticals, Inc. reported revenue of $52.7M.
Does IIIV pay dividends?
i3 Verticals, Inc. does not currently pay dividends.
Where can I find IIIV SEC filings?
Official SEC filings for i3 Verticals, Inc. (CIK: 0001728688) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is IIIV's EPS?
i3 Verticals, Inc. has a diluted EPS of $0.02.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is IIIV a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, i3 Verticals, Inc. has a SELL rating with 60% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is IIIV stock overvalued or undervalued?
Valuation metrics for IIIV: ROE of 0.1% (sector avg: 22%), net margin of 0.9% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy IIIV stock in 2026?
Our dual AI analysis gives i3 Verticals, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is IIIV's free cash flow?
i3 Verticals, Inc.'s operating cash flow is $14.1M, with capital expenditures of $315.0K. FCF margin is 26.2%.
How does IIIV compare to other Technology stocks?
Vs Technology sector averages: Net margin 0.9% (avg: 18%), ROE 0.1% (avg: 22%), current ratio 1.61 (avg: 2.5).