# i3 Verticals, Inc.: overview

IIIV · Nasdaq · CIK 1728688 · [Technology](/sectors/technology.md) · fiscal year ends Sep 30

Pages: [Overview](/companies/iiiv.md) · [Financials](/companies/iiiv/financials.md) · [Filings](/companies/iiiv/filings.md) · [Insiders](/companies/iiiv/insiders.md)

Latest reported revenue: [$53.1m](/filings/0001728688-26-000045.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001728688-26-000045).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [51.3](/filings/0001728688-25-000122.md) | [52.2](/filings/0001728688-26-000020.md) | [54.1](/filings/0001728688-26-000032.md) | [51.9](/filings/0001728688-26-000045.md) | [54.9](/filings/0001728688-25-000122.md) | [52.7](/filings/0001728688-26-000020.md) | [57.5](/filings/0001728688-26-000032.md) | [53.1](/filings/0001728688-26-000045.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [6.6%](/filings/0001728688-25-000122.md) | [3.9%](/filings/0001728688-26-000020.md) | [9.3%](/filings/0001728688-26-000032.md) | [(9.3%)](/filings/0001728688-26-000045.md) | [2.7%](/filings/0001728688-25-000122.md) | [3.1%](/filings/0001728688-26-000020.md) | [6.5%](/filings/0001728688-26-000032.md) | [(1.7%)](/filings/0001728688-26-000045.md) |
| Net margin | % | [229.7%](/filings/0001728688-25-000122.md) | [3.9%](/filings/0001728688-26-000020.md) | [(0.3%)](/filings/0001728688-26-000032.md) | [24.8%](/filings/0001728688-26-000045.md) | [5.6%](/filings/0001728688-25-000122.md) | [0.9%](/filings/0001728688-26-000020.md) | [2.5%](/filings/0001728688-26-000032.md) | [6.6%](/filings/0001728688-26-000045.md) |
| Diluted EPS | $ per share | not reported | [0.08](/filings/0001728688-26-000020.md) | not reported | [0.50](/filings/0001728688-26-000045.md) | not reported | [0.02](/filings/0001728688-26-000020.md) | [0.07](/filings/0001728688-26-000032.md) | [0.18](/filings/0001728688-26-000045.md) |
| Free cash flow | $m | [14.6 d](/filings/0001728688-25-000122.md) | [11.0](/filings/0001728688-26-000020.md) | [(27.6) d](/filings/0001728688-26-000032.md) | [6.8 d](/filings/0001728688-26-000045.md) | [13.5 d](/filings/0001728688-25-000122.md) | [13.8](/filings/0001728688-26-000020.md) | [9.6 d](/filings/0001728688-26-000032.md) | [13.0 d](/filings/0001728688-26-000045.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [224](/filings/0001728688-23-000048.md) | [188](/filings/0001728688-24-000102.md) | [190](/filings/0001728688-25-000122.md) | [191](/filings/0001728688-25-000122.md) | [213](/filings/0001728688-25-000122.md) |
| Gross margin | % | [87.2%](/filings/0001728688-23-000048.md) | [150.6%](/filings/0001728688-23-000048.md) | [175.7%](/filings/0001728688-23-000048.md) | not reported | not reported |
| Operating margin | % | [(0.0%)](/filings/0001728688-23-000048.md) | [(12.3%)](/filings/0001728688-24-000102.md) | [(2.3%)](/filings/0001728688-25-000122.md) | [2.3%](/filings/0001728688-25-000122.md) | [1.8%](/filings/0001728688-25-000122.md) |
| Net margin | % | [(2.0%)](/filings/0001728688-23-000048.md) | [(9.1%)](/filings/0001728688-24-000102.md) | [(0.4%)](/filings/0001728688-25-000122.md) | [59.3%](/filings/0001728688-25-000122.md) | [8.4%](/filings/0001728688-25-000122.md) |
| Diluted EPS | $ per share | [(0.22)](/filings/0001728688-23-000048.md) | [(0.77)](/filings/0001728688-23-000048.md) | [(0.07)](/filings/0001728688-25-000122.md) | [4.73](/filings/0001728688-25-000122.md) | [0.72](/filings/0001728688-25-000122.md) |
| Free cash flow | $m | [42.6](/filings/0001728688-23-000048.md) | [41.5](/filings/0001728688-24-000102.md) | [33.0](/filings/0001728688-25-000122.md) | [45.4](/filings/0001728688-25-000122.md) | [3.8](/filings/0001728688-25-000122.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/iiiv/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $38.5m | 1,802,534 |  | Added +26,578 |
| [GENEVA CAPITAL MANAGEMENT LLC](/funds/1009232.md) | 2026-06-30 | $25.4m | 1,190,152 |  | Reduced −365,752 |
| [AltraVue Capital, LLC](/funds/1740837.md) | 2026-06-30 | $23.9m | 1,120,046 |  | Reduced −50,100 |
| [CROSSLINK CAPITAL INC](/funds/1104329.md) | 2026-06-30 | $23.9m | 1,117,986 |  | Added +151,985 |
| [PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.](/funds/1238990.md) | 2026-06-30 | $23.5m | 1,099,486 |  | Added +66,880 |
| [North Reef Capital Management LP](/funds/1867831.md) | 2026-06-30 | $23.0m | 1,075,000 |  | Added +50,000 |
| [HEARTLAND ADVISORS INC](/funds/937394.md) | 2026-06-30 | $20.6m | 965,250 |  | Added +358,300 |
| [Forager Capital Management, LLC](/funds/1802986.md) | 2026-06-30 | $18.5m | 864,574 |  | Added +285,173 |
| [JENNISON ASSOCIATES LLC](/funds/53417.md) | 2026-06-30 | $18.3m | 856,628 |  | Reduced −13,423 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $17.4m | 814,517 |  | Reduced −148,633 |

## Recent filings

[All 476 filings](/companies/iiiv/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-09 | 16:46 ET | [8-K](/filings/0001728688-26-000048.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001728688-26-000048 |
| 2026-08-07 | 16:27 ET | [10-Q](/filings/0001728688-26-000045.md) | Quarterly report, period 2026-06-30 | 0001728688-26-000045 |
| 2026-08-06 | 17:21 ET | [8-K](/filings/0001728688-26-000041.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728688-26-000041 |
| 2026-06-02 | 17:28 ET | [8-K](/filings/0001728688-26-000037.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728688-26-000037 |
| 2026-05-12 | 16:21 ET | [8-K](/filings/0001728688-26-000034.md) | 8.01 Other events | 0001728688-26-000034 |
| 2026-05-08 | 16:09 ET | [10-Q](/filings/0001728688-26-000032.md) | Quarterly report, period 2026-03-31 | 0001728688-26-000032 |
| 2026-05-07 | 16:42 ET | [8-K](/filings/0001728688-26-000029.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728688-26-000029 |
| 2026-03-03 | 16:20 ET | [8-K](/filings/0001728688-26-000026.md) | 5.07 Shareholder vote results | 0001728688-26-000026 |
| 2026-02-06 | 16:12 ET | [10-Q](/filings/0001728688-26-000020.md) | Quarterly report, period 2025-12-31 | 0001728688-26-000020 |
| 2026-02-05 | 16:18 ET | [8-K](/filings/0001728688-26-000017.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001728688-26-000017 |

## Latest annual report

[Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0001728688-25-000122.md), filed Nov 21, 2025.

## Forecast league

Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b1589ec3-c3b4-4307-948b-9b1ee698a072)

## About the filer

- CIK: 1728688
- Tickers: IIIV
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:02 ET. No prices; not investment advice.