i3 Verticals, Inc. · Software

IIIV

Low riskNext report: Around Nov 16 (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are trimming.

Going well

Profitable
Sales up 12% last year
Brings in more cash than it spends

Watch out for

Share count growing 15.4% a year (dilution)

Money moves

No insider buying or selling in the last 30 days
Institutions cut 9.8% from their holdings in the quarter ending June 2026 (55 bought, 86 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$17.10-1.6% that day

Company value: $334M; Share price times all shares
Price vs profit (P/E): 43.8x; You pay about $44 for each $1 of yearly profit
Price vs sales: 1.5x; Company value is 1.5 times a year of sales
Cash vs value: 1%; Cash as a share of company value

From IIIV's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$53.1M+2.2% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $218.2M, up 4.1% from the 12 months before. Over 5 years, sales grew about 7.3% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of IIIV. Starting points are the company's recent numbers.

Sales growth+4% a yearRecently: +4.1% a yearProfit margin4%Last 12 months: 3.9%P/E at the end40xToday: 43.8x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$265M

Profit in 5 years$11M

Price these guesses point to$13.49-21% vs $17.10 todayAbout -4.6% a year, before dividends

What today's price needs: with a 4% margin and a 40x P/E, sales would have to grow about 9.0% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.9%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.4%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+53.6% in 3 years

Revenue: $213.2M; +11.5% vs prior year
5-year growth: +7.3%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 1.61x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $53.1M; +2.2% YoY
EPS: $0.18; vs $0.50
Op. margin: -1.7%; +7.6 pts
Free cash flow: $13.0M
Share count: -42.4%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Distributing-9.8%

Institutions cut 9.8% from their holdings. 55 bought, 86 sold. 3 quarters of net selling in a row.

Shares held by institutions22.3M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-5.5%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $114.3M debt

Shares outstandingLatest reported

20M

Earnings reports

Last 12

Next reportAround Nov 16 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 5
Results filedNov 17, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 20 · View filing ↗Big holder New 5%+ holder (passive)Sep 30 · View filing ↗Big holder New 5%+ holder (passive)Aug 14 · View filing ↗Big holder New 5%+ holder (passive)Aug 14 · View filing ↗Big holder New 5%+ holder (passive)Aug 14 · View filing ↗Big holder 5%+ holder update (passive)Aug 11 · View filing ↗Big holder 5%+ holder update (passive)Jul 31 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

5%+ holder update (passive)Oct 20 · Form SCHEDULE 13G/A ↗Major agreementOct 9 · Form 8-K ↗New 5%+ holder (passive)Sep 30 · Form SCHEDULE 13G ↗

Shares withheld for taxesGeoffrey C. SmithChief Financial Officer

1,476 shares at $14.78 · $22K

-3% of holdings
Now owns 54,819 shares
Filed 2 days after trade

Sep 20Form 4 ↗

New 5%+ holder (passive)Aug 14 · Form SCHEDULE 13G ↗New 5%+ holder (passive)Aug 14 · Form SCHEDULE 13G ↗New 5%+ holder (passive)Aug 14 · Form SCHEDULE 13G ↗5%+ holder update (passive)Aug 11 · Form SCHEDULE 13G/A ↗Quarterly reportAug 7 · Form 10-Q ↗Earnings resultsAug 6 · Form 8-K ↗5%+ holder update (passive)Jul 31 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Jul 28 · Form SCHEDULE 13G/A ↗Investor disclosureJun 2 · Form 8-K ↗

BoughtGregory S DailyChief Executive Officer, Director, 10% owner

50,000 shares at $19.23 · $962K

New position
Now owns 50,000 shares
Held by Daily Family Investment, LLC
Filed same day

May 14Form 4 ↗

Other company newsMay 12 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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