I3 Verticals Inc Class A (IIIV) financials
I3 Verticals revenue and earnings by year
I3 Verticals's revenue was $213 million in the fiscal year to September 30, 2025, up 11.5% from the year before. Net income was $17.9 million, 8.4% of revenue. Since the fiscal year to September 30, 2016, revenue has grown 0.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 213 | 191 | 190 | 188 | 224 | 150 | 376 | 324 | 263 | 200 |
| Revenue growth | 11.5% | 0.8% | 1.0% | -16.2% | 49.3% | -60.1% | 16.3% | 23.2% | 31.5% | — |
| Gross profit | 147 | 131 | 135 | 175 | 166 | 103 | 89 | 69 | 45 | 37 |
| Gross margin | 68.8% | 68.4% | 71.1% | 93.2% | 74.3% | 68.5% | 23.7% | 21.2% | 17.0% | 18.4% |
| Operating income | 4 | 4 | 6 | -2 | 10 | 4 | 10 | 16 | 7 | 6 |
| Operating margin | 1.9% | 2.3% | 2.9% | -1.1% | 4.3% | 2.5% | 2.6% | 5.0% | 2.8% | 3.2% |
| Net income | 18 | 113 | -1 | -17 | -4 | -0 | -3 | -7 | 1 | -2 |
| Net margin | 8.4% | 59.3% | -0.4% | -9.1% | -2.0% | -0.3% | -0.8% | -2.1% | 0.3% | -1.0% |
| Diluted EPS | — | $4.73 | — | -$0.77 | — | — | -$0.29 | — | — | — |
| Free cash flow | -3 | 34 | 21 | 31 | 36 | 18 | 24 | 15 | 6 | 7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open IIIV in Markets.
How I3 Verticals makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| License & Service | $40.7M | 70.7% |
| Proprietary Payments Revenue | $14.5M | 25.2% |
| Other Revenue | $2.32M | 4.0% |
See also: IIIV returns
No forecast, no recommendation. This page describes I3 Verticals Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.