i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support. Its payment processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The company also licenses software; and provides ongoing support, and other point of sale-related solutions. It offers its solutions to clients through direct sales force; distribution partners, including independent software vendors, value-added resellers, and independent sales organizations; and referral partners, such as financial institutions, trade associations, chambers of commerce, and card issuers. The company was founded in 2012 and is headquartered in Nashville, Tennessee.
IPO Year: 2018
Exchange: NASDAQ
Website: i3verticals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $28.00 | Buy | The Benchmark Company |
| 12/5/2023 | $24.00 | Market Perform | BMO Capital Markets |
| 7/11/2023 | $30.00 | Buy | Berenberg |
| 5/23/2023 | $28.00 | Buy | BTIG Research |
| 1/9/2023 | $30.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/10/2022 | $30.00 | Overweight | Stephens |
| 2/10/2022 | $24.50 → $26.50 | Equal-Weight | Morgan Stanley |
| 1/26/2022 | $42.00 → $31.00 | Buy | BTIG Research |
| 1/14/2022 | Overweight → Sector Weight | Keybanc | |
| 11/19/2021 | $34.00 → $24.50 | Equal-Weight | Morgan Stanley |
SCHEDULE 13G - i3 Verticals, Inc. (0001728688) (Subject)
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10-Q - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
SCHEDULE 13G/A - i3 Verticals, Inc. (0001728688) (Subject)
10-Q - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
Completes Acquisition of Utility Billing Software Company Completes Divestiture of Healthcare RCM Business i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2025. Highlights from continuing operations1 for the three and six months ended March 31, 2025 vs. 2024 Second quarter revenue was $63.1 million, an increase of 8.8% over the prior year's second quarter. Revenue for the six months ended March 31, 2025, was $124.8 million, an increase of 10.4% over the prior year's first six months. Second quarter net income from continuing operations1 was $1.1 million, compared to net loss from con
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Infinx, Inc. ("Infinx"), a leader in AI-powered revenue cycle management solutions, today announced the entry into a definitive agreement and the contemporaneous closing of the sale of i3 Verticals' Healthcare Revenue Cycle Management ("RCM") business, including its associated proprietary technology, to Infinx, in an all-cash transaction for $96 million, subject to post-closing purchase price adjustments. The Company will give more detailed information during its quarterly conference call on Friday, May 9, 2025, at 8:30 a.m. ET. Greg Daily, Chairman and CEO of i3 Verticals, stated, "Several years ago we set off to buil
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the second quarter ended March 31, 2025, on Thursday, May 8, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, May 9, 2025, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on May 9, 2025, through May 16, 2025, by dialing (877) 344-7529 and entering Confirmation Code 5899364. To listen to the call live via webcast
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that one of its JusticeTech® solutions is now live in West Virginia. The West Virginia Public Access Search System (WVPASS) enables citizens in all 55 counties to search and download publicly available circuit court case information dating back to 1999 from the convenience of their computer or mobile device. This allows citizens to avoid visiting a courthouse in person to search for available civil and criminal records from circuit court proceedings. "We are committed to delivering innovative software solutions to enhance efficiency and accessibility for governments and their citizens," said Dave Graves, EVP
Reiterates Guidance i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal first quarter ended December 31, 2024. Highlights from continuing operations1 for the three months ended December 31, 2024 vs. 2023 Revenue from continuing operations was $61.7 million, an increase of 12.1% over the prior year's first quarter. Net income from continuing operations was $3.3 million, compared to net loss from continuing operations of $4.2 million in the prior year's first quarter. Net income from continuing operations attributable to i3 Verticals, Inc. was $2.2 million, compared to net loss from continuing operations attributa
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the first quarter ended December 31, 2024, on Thursday, February 6, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, February 7, 2025, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on February 7, 2025, through February 14, 2025, by dialing (877) 344-7529 and entering Confirmation Code 5368210. To listen to t
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that it has signed a new contract with Saskatchewan Province to provide motor carrier services. This contract further establishes the Company's Public Sector presence in Canada. As an IRP (International Registration Plan) partner, Saskatchewan Province will now be able to handle IRP registration, credentialing, and the apportionment of fees from a single platform. With our intuitive software, weight group, fleet, vehicle, and distance management capabilities are built-in and easy to modify in a fully compliant system that streamlines credentialing and increases operational efficiencies. "We are thrilled t
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today the successful go-live of its self-service ePortal for the City of Phoenix Water Services Department, Arizona's largest municipal water department, serving more than 1.7 million customers. The City of Phoenix Water Services Department selected the Company's ePortal solution to empower their customer base with an intuitive self-service experience. The ePortal enables customers to easily manage their accounts, pay bills, monitor water usage, and access tools to support water conservation and resource management, all in a convenient, user-friendly platform. Designed to be mobile-first and accessible from any d
Company Reaffirms 2025 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2024. Highlights from continuing operations1 for the fiscal fourth quarter and full fiscal year of 2024 vs. 2023 Fourth quarter revenue from continuing operations was $60.9 million, an increase of 3.9% over the prior year's fourth quarter; full year revenue from continuing operations was $229.9 million, an increase of 1.4% over the prior year. Fourth quarter net income from continuing operations was $7.0 million, compared to a net loss from continuing operations of $1.2 million in the prior
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the fourth quarter ended September 30, 2024, on Monday, November 18, 2024, after the Nasdaq market close. The Company will also host a conference call on Tuesday, November 19, 2024, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on November 19, 2024, through November 26, 2024, by dialing (877) 344-7529 and entering Confirmation Code 4184020. To listen to
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Completes Acquisition of Utility Billing Software Company Completes Divestiture of Healthcare RCM Business i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2025. Highlights from continuing operations1 for the three and six months ended March 31, 2025 vs. 2024 Second quarter revenue was $63.1 million, an increase of 8.8% over the prior year's second quarter. Revenue for the six months ended March 31, 2025, was $124.8 million, an increase of 10.4% over the prior year's first six months. Second quarter net income from continuing operations1 was $1.1 million, compared to net loss from con
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Infinx, Inc. ("Infinx"), a leader in AI-powered revenue cycle management solutions, today announced the entry into a definitive agreement and the contemporaneous closing of the sale of i3 Verticals' Healthcare Revenue Cycle Management ("RCM") business, including its associated proprietary technology, to Infinx, in an all-cash transaction for $96 million, subject to post-closing purchase price adjustments. The Company will give more detailed information during its quarterly conference call on Friday, May 9, 2025, at 8:30 a.m. ET. Greg Daily, Chairman and CEO of i3 Verticals, stated, "Several years ago we set off to buil
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the second quarter ended March 31, 2025, on Thursday, May 8, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, May 9, 2025, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on May 9, 2025, through May 16, 2025, by dialing (877) 344-7529 and entering Confirmation Code 5899364. To listen to the call live via webcast
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that one of its JusticeTech® solutions is now live in West Virginia. The West Virginia Public Access Search System (WVPASS) enables citizens in all 55 counties to search and download publicly available circuit court case information dating back to 1999 from the convenience of their computer or mobile device. This allows citizens to avoid visiting a courthouse in person to search for available civil and criminal records from circuit court proceedings. "We are committed to delivering innovative software solutions to enhance efficiency and accessibility for governments and their citizens," said Dave Graves, EVP
Reiterates Guidance i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal first quarter ended December 31, 2024. Highlights from continuing operations1 for the three months ended December 31, 2024 vs. 2023 Revenue from continuing operations was $61.7 million, an increase of 12.1% over the prior year's first quarter. Net income from continuing operations was $3.3 million, compared to net loss from continuing operations of $4.2 million in the prior year's first quarter. Net income from continuing operations attributable to i3 Verticals, Inc. was $2.2 million, compared to net loss from continuing operations attributa
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the first quarter ended December 31, 2024, on Thursday, February 6, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, February 7, 2025, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on February 7, 2025, through February 14, 2025, by dialing (877) 344-7529 and entering Confirmation Code 5368210. To listen to t
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that it has signed a new contract with Saskatchewan Province to provide motor carrier services. This contract further establishes the Company's Public Sector presence in Canada. As an IRP (International Registration Plan) partner, Saskatchewan Province will now be able to handle IRP registration, credentialing, and the apportionment of fees from a single platform. With our intuitive software, weight group, fleet, vehicle, and distance management capabilities are built-in and easy to modify in a fully compliant system that streamlines credentialing and increases operational efficiencies. "We are thrilled t
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today the successful go-live of its self-service ePortal for the City of Phoenix Water Services Department, Arizona's largest municipal water department, serving more than 1.7 million customers. The City of Phoenix Water Services Department selected the Company's ePortal solution to empower their customer base with an intuitive self-service experience. The ePortal enables customers to easily manage their accounts, pay bills, monitor water usage, and access tools to support water conservation and resource management, all in a convenient, user-friendly platform. Designed to be mobile-first and accessible from any d
Company Reaffirms 2025 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2024. Highlights from continuing operations1 for the fiscal fourth quarter and full fiscal year of 2024 vs. 2023 Fourth quarter revenue from continuing operations was $60.9 million, an increase of 3.9% over the prior year's fourth quarter; full year revenue from continuing operations was $229.9 million, an increase of 1.4% over the prior year. Fourth quarter net income from continuing operations was $7.0 million, compared to a net loss from continuing operations of $1.2 million in the prior
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the fourth quarter ended September 30, 2024, on Monday, November 18, 2024, after the Nasdaq market close. The Company will also host a conference call on Tuesday, November 19, 2024, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on November 19, 2024, through November 26, 2024, by dialing (877) 344-7529 and entering Confirmation Code 4184020. To listen to
The Benchmark Company initiated coverage of i3 Verticals with a rating of Buy and set a new price target of $28.00
BMO Capital Markets initiated coverage of i3 Verticals with a rating of Market Perform and set a new price target of $24.00
Berenberg initiated coverage of i3 Verticals with a rating of Buy and set a new price target of $30.00
BTIG Research resumed coverage of i3 Verticals with a rating of Buy and set a new price target of $28.00
KeyBanc Capital Markets upgraded i3 Verticals from Sector Weight to Overweight and set a new price target of $30.00
Stephens initiated coverage of i3 Verticals with a rating of Overweight and set a new price target of $30.00
Morgan Stanley reiterated coverage of i3 Verticals with a rating of Equal-Weight and set a new price target of $26.50 from $24.50 previously
BTIG Research reiterated coverage of i3 Verticals with a rating of Buy and set a new price target of $31.00 from $42.00 previously
Keybanc downgraded i3 Verticals from Overweight to Sector Weight
Morgan Stanley reiterated coverage of i3 Verticals with a rating of Equal-Weight and set a new price target of $24.50 from $34.00 previously
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Announces Chief Financial Officer Transition and Appointment of Chief Strategy Officer i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced the closing of the previously announced sale of i3 Verticals' merchant services business, including its associated proprietary technology, to Payroc. The purchase price paid at closing to the Company was approximately $438 million in cash (after giving effect to estimated purchase price adjustments), subject to post-closing purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "This completed transaction marks a s
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that Pete Panagakis has been appointed Chief Technology Officer (CTO). In this role, he will serve as the Company's senior-most technology officer, and will help lead the Company's delivery of integrated software and payment solutions to its thousands of customers. He will be responsible for overseeing the Company's technology teams including enterprise-wide software engineering, architecture, infrastructure, cybersecurity, and technology operations. Mr. Panagakis has a deep background in strategic leadership as a technology executive. Most recently, he served as an executive officer with Imperial PFS, a fi
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