NASDAQ:IIIV
i3 Verticals, Inc.
i3 Verticals, Inc.'s revenue grew 11.5% in fiscal 2025 to $213.2M while operating margin fell to 1.8%. Free cash flow was $3.8M, 1.8% of revenue, and the diluted share count rose 0.9%.Summary generated from i3 Verticals, Inc.'s SEC filings. Latest annual report filed Nov 21, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$213.2M
Revenue growth+11.5%
Revenue, 5-yr CAGR+7.3%
Gross marginn/a
Operating margin1.8%
Net margin8.4%
ROIC0.6%
Return on equity4.6%
Debt / equity0.00
Free cash flow$3.8M
FCF margin1.8%
Share count change+0.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 224 | 188 | 190 | 191 | 213 |
| Operating income | −0 | −23 | −4 | 4 | 4 |
| Net income | −4 | −17 | −1 | 113 | 18 |
| Free cash flow | 43 | 41 | 33 | 45 | 4 |
Recent filings
- 8-KEntry into a material agreement
Oct 9, 2026 - 4Insider transaction report
Sep 22, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 7, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KRegulation FD disclosure
Jun 2, 2026 - 4Insider transaction report
May 14, 2026 - 8-KOther events
May 12, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026