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An announcement from I3 Verticals ( (IIIV) ) is now available.
For the fiscal second quarter ended March 31, 2026, i3 Verticals reported revenue from continuing operations of $57.5 million, up 6.2% year over year, and six‑month revenue of $110.2 million, up 3.6% from the prior-year period. Net income from continuing operations held roughly flat at $2.2 million for the quarter, while adjusted EBITDA grew 4.7% to $16.6 million and annualized recurring revenue rose 11.6% to $183.5 million, underscoring the company’s shift toward a higher-quality recurring revenue base.
Earnings attributable to Class A common stockholders improved to $0.07 diluted EPS for the quarter, and non‑GAAP adjusted diluted EPS from continuing operations increased to $0.32, reflecting operational efficiencies despite modest margin compression. The company slightly reduced its full‑year 2026 revenue guidance range to $221–$229 million and narrowed adjusted EBITDA and adjusted EPS guidance, signaling a more cautious top‑line outlook even as management highlights a strong balance sheet, continued product investment in the public sector, and confidence in long‑term value creation for stakeholders.
The most recent analyst rating on (IIIV) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on I3 Verticals stock, see the IIIV Stock Forecast page.
Spark’s Take on IIIV Stock
According to Spark, TipRanks’ AI Analyst, IIIV is a Neutral.
The score is supported most by improving fundamentals and balance sheet strength (low leverage, positive free cash flow) and a generally positive FY26 outlook driven by recurring revenue/ARR and strong SaaS growth. Offsetting this are weak technical trends (below key moving averages with negative MACD) and a demanding valuation (very high P/E) alongside near-term margin pressure and acquisition multiple risk.
To see Spark’s full report on IIIV stock, click here.
More about I3 Verticals
i3 Verticals, Inc., based in Nashville and listed on Nasdaq as IIIV, operates in the software and payments sector with a focus on public sector and other vertical markets. Following the sale of its merchant services and healthcare revenue cycle management businesses in 2024 and 2025, the company now emphasizes recurring, software-driven revenue streams such as SaaS, transaction-based software revenue, and related services.
Average Trading Volume: 335,034
Technical Sentiment Signal: Sell
Current Market Cap: $670.5M
See more insights into IIIV stock on TipRanks’ Stock Analysis page.