I3 Verticals ( (IIIV) ) has released its Q4 earnings. Here is a breakdown of the information I3 Verticals presented to its investors.
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i3 Verticals, Inc. is a company that provides enterprise software solutions primarily for public sector entities, focusing on areas such as courts, public safety, and utilities. The company is known for its cloud-native solutions that aim to enhance the efficiency of state and local government operations.
In its latest earnings report, i3 Verticals announced a 7% increase in fourth-quarter revenue, reaching $54.9 million, and an 11.5% increase in full-year revenue, totaling $213.2 million. Despite this growth, the company experienced a decline in fourth-quarter net income compared to the previous year, although it reported a positive turnaround in full-year net income from a loss in the prior year.
Key financial metrics highlighted in the report include a decrease in fourth-quarter adjusted EBITDA by 1.5%, while the full-year adjusted EBITDA saw a 14% increase. The company’s adjusted diluted earnings per share from continuing operations improved significantly for both the quarter and the year. Additionally, the company’s Annualized Recurring Revenue grew by 9.2%, indicating a strong focus on sustainable revenue streams.
Looking ahead, i3 Verticals is optimistic about its future, with plans to continue investing in new solutions for courts and utilities. The company has secured a significant contract with the Supreme Court of Appeals of West Virginia, underscoring its strategic focus on expanding its market presence. With a solid cash position, i3 Verticals is poised for growth in 2026 and beyond, as reflected in its positive revenue and adjusted EBITDA outlook for the upcoming fiscal year.