i3 Verticals, Inc. (IIIV) delivers comprehensive payment and software solutions, catering to the operational needs of small and medium-sized businesses, as well as various organizations within the education, non-profit, public sector, and healthcare industries across the United States. The company's operations are divided into two primary divisions: Merchant Services, and Proprietary Software and Payments. Through its offerings, i3 Verticals enables clients to seamlessly accept electronic payments. This critical service facilitates the secure and efficient exchange of funds and transaction data among clients, financial institutions, and diverse payment networks. Beyond payment processing, the firm also licenses its proprietary software, provides ongoing technical support, and supplies other solutions integral to point-of-sale operations. Its solutions reach customers via a multi-faceted approach, including a direct sales team, various distribution partners (such as independent software vendors, value-added resellers, and independent sales organizations), and referral channels comprising financial institutions, trade associations, chambers of commerce, and card issuers. Established in 2012, i3 Verticals maintains its headquarters in Nashville, Tennessee.
i3 Verticals Reports Third Quarter 2026 Financial Results
i3 Verticals reported Q3 revenue of $53.1 million, up 2.2% year-over-year, with adjusted EPS of $0.25 compared to a prior year loss.
Despite the profitability return and 8.3% growth in Annualized Recurring Revenue, the company lowered its full-year FY2026 guidance for revenue, Adjusted EBITDA, and adjusted EPS, citing weakness in non-recurring revenue and implementation delays.
Management highlighted the go-live of four material statewide transportation services and noted that over 20% of outstanding shares have been repurchased since October 2024.