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Companies / Information Technology / i3 Verticals, Inc.
IIIV

i3 Verticals, Inc.

Information TechnologyPrepackaged Software
Ticker IIIVNASHVILLE, TNFiscal year ends SeptemberBook value per share $12.59Diluted shares 22.3M

i3 Verticals (Nasdaq: IIIV) provides cloud-native enterprise software and related services to state, county and local public sector entities across the United States and Canada. Its solutions support courts and public safety, public administration, utilities, transportation and schools, including court case management… From the company’s description.

Over the twelve months to Jun 30, 2026, i3 Verticals, Inc. reported revenue of $218.16M and net income of $13.00M. Its operating margin was 2.7%, and operations generated $52.38M in cash. In fiscal 2025, it reported revenue of $213.16M and net income of $26.50M.

Fiscal year 2025 · ends 09-30No changes shown: the filing behind fiscal 2025 re-reports fiscal 2024 on a different basisThe amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$213.16MFY2025
Last 12 mo $218.16M
1.77%FY2025
Last 12 mo 2.72%
$26.50MFY2025
Last 12 mo $13.00M
4.59%FY2025
Last 12 mo 3.04%
Cash & financing
$5.69MFY2025
Last 12 mo $52.38M
$-4.44MFY2025
Last 12 mo $41.50M
0.00FY2025
Last 12 mo 0.41
34.2MFY2025
Last 12 mo 22.3M

Dotted labels explain each measure. is shown separately from the annual figures.

What i3 Verticals, Inc. does

In the company’s own words

i3 Verticals (Nasdaq: IIIV) provides cloud-native enterprise software and related services to state, county and local public sector entities across the United States and Canada. Its solutions support courts and public safety, public administration, utilities, transportation and schools, including court case management and e-filing, utility billing, government accounting, land records, school meal programs, and vehicle registration and driver licensing. Integrated payment processing enables government agencies and schools to accept payments through the software. Following the 2024 sale of its merchant services business and the 2025 sale of its healthcare revenue cycle management business, the company operates as one reportable segment serving public sector customers. Approximately 76% of revenue from continuing operations is recurring. As of November 20, 2025, i3 Verticals has approximately 1,202 employees in 49 states and two countries, and its software has thousands of installations across all 50 states and Canada. Its website is https://www.i3verticals.com.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
NASHVILLE, TN
Fiscal year end
September
CIK
1728688
SIC
7372

Financial performance, year by year

Fiscal 2018–2025 · USD
$-63.17M$56.69M$176.55M$296.40M$416.26M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns i3 Verticals, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

167
funds hold it
0 of 35
superinvestors hold it
$175.62M
held by funds, at market
45.1%
of shares held by funds

Largest fund holders · i3 Verticals, Inc.’s weight in each

Heartland Value Fund
HRTVX · HEARTLAND GROUP INC.
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
—of fund net assets
Nationwide Geneva Small Cap Growth Fund
NWHZX · Nationwide Mutual Funds
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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