i3 Verticals, Inc. (IIIV) Earnings History

i3 Verticals, Inc. - Q1 FY2026 EarningsMissed

Filed at: Feb 5, 2026, 4:18 PM EST|Read from source

EXECUTIVE SUMMARY

i3 Verticals reported Q1 FY2026 results in line with expectations, characterized by modest overall revenue growth offset by a strong increase in recurring revenue and SaaS growth. The company also completed a strategic acquisition in the transportation market.

POSITIVE HIGHLIGHTS

  • •

    Annualized Recurring Revenue (ARR) increased by 8.4% year-over-year to $169.6 million.

    positive
  • •

    SaaS growth in the first quarter rose to 24%.

    positive
  • •

    Completed acquisition of a driver and motor vehicle insurance verification software company for $60.0 million plus potential contingent consideration.

    positive

CONCERNS & RISKS

  • •

    Revenue from continuing operations increased by only 0.9% year-over-year to $52.7 million.

    attention
  • •

    Net income from continuing operations attributable to i3 Verticals, Inc. decreased by 69% to $0.6 million from $1.9 million in the prior year.

    negative
  • •

    Adjusted EBITDA from continuing operations decreased by 6.5% to $13.6 million from $14.6 million in the prior year.

    negative
  • •

    Adjusted EBITDA margin from continuing operations compressed to 25.8% from 27.9% in the prior year.

    negative
  • •

    Diluted net income per share attributable to Class A common stock from continuing operations decreased to $0.02 from $0.08 in the prior year.

    negative
  • •

    Adjusted diluted earnings per share from continuing operations decreased to $0.26 from $0.27 in the prior year.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$52.70M
+0.9%
Prior year: $52.22M
Net Income
Quarterly
$576.00K
-69.0%
Prior year: $1.85M
EPS (Diluted)
Quarterly
$0.02
-75.0%
Prior year: $0.08
Operating Income
Quarterly
$1.61M
-21.6%
Prior year: $2.05M
EPS (Basic)
Quarterly
$0.02
-75.0%
Prior year: $0.08

MARGIN ANALYSIS

Operating Margin
Current Quarter
3.0%
Prior Year
3.9%
YoY Change
-88 bps
Net Margin
Current Quarter
1.1%
Prior Year
3.5%
YoY Change
-246 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2026

revenue
$223000.0B—$234000.0B
Mid-point: $228500.0B
adjusted EBITDA
61,000,000—66,500,000
Mid-point: 63,750,000
adjusted diluted earnings per share
$1.08—$1.16
Mid-point: $1.12

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Results were in line with expectations and market guidance.

— i3 Verticals, Inc., Q1 FY2026 2026 Earnings Call

Recurring revenue increased by more than 8%, reflecting our long-term growth strategy.

— i3 Verticals, Inc., Q1 FY2026 2026 Earnings Call

SaaS growth in the first quarter rose to 24%.

— i3 Verticals, Inc., Q1 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Annualized Recurring Revenue
169.6M
+8.4% YoY
Prior year: 156.4M
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.