Education
About Us
Working with TipRanks
Follow Us
I3 Verticals (IIIV)
NASDAQ:IIIV
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.32Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call painted a largely positive strategic picture: strong recurring revenue and robust SaaS growth, a strategic acquisition that materially enhances the transportation SaaS footprint, and product/AI momentum across core verticals. These positives are tempered by near-term margin pressure (adjusted EBITDA and margin declines), weaker nonrecurring professional services and maintenance revenues, higher hosting and investment costs, and a higher-than-normal multiple on the recent acquisition. Management reiterated disciplined capital allocation, a healthy balance sheet prior to the acquisition, and constructive FY26 guidance, and expects recurring revenue growth and margin improvement later in the year.Company Guidance
Recurring Revenue Growth and ARR Expansion
Recurring revenue increased 8% year-over-year; Annual Recurring Revenue rose to $169.6 million from $156.4 million for Q1 2026, demonstrating stronger alignment with long-term growth objectives.
SaaS Revenue Acceleration
SaaS revenue grew over 24% in the quarter; the company reported four consecutive quarters of >20% SaaS growth and expects SaaS growth to remain north of that level through the year.
Overall Revenue and FY26 Guidance
Total revenues for Q1 increased 1% to $52.7 million (from $52.2 million prior year). Fiscal 2026 guidance set revenue range at $223 million to $234 million, adjusted EBITDA $61.0 million to $66.5 million, and adjusted diluted EPS $1.08 to $1.16.
Strong Recurring Revenue Mix and Transaction Growth
Recurring sources comprised 80% of quarterly revenue; transaction-based revenue grew 12% and payments revenue grew 8%, reinforcing the shift toward recurring, higher-quality revenue streams.
Strategic Acquisition to Expand Transportation Market
Acquired a state-level driver/insurance verification software provider for $60 million in cash (closed Jan 1). Deal metrics: ~15x EBITDA, company growing >20% with EBITDA margin above 50%. Acquisition expands geographic reach in transportation and augments SaaS growth profile.
Balance Sheet Strength and Capital Allocation
As of Dec 31, the company reported $37 million of cash and no debt and maintains a $400 million revolving credit facility. Management reported opportunistic share buybacks in the quarter and reaffirmed disciplined, acquisition-focused capital deployment.
Product Momentum and AI/Market Initiatives
Notable commercial traction across JusticeTech (CourtOne and Jury solution), education (i3 Marketplace with SSO/MFA), and transportation. The company delivered AI-enabled upgrades (e.g., Georgia JusticeTech) and is positioning AI as a product and engineering enabler.
IIIV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IIIV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $19.92 | ― | ― |
Nov 18, 2025 | $25.96 | $24.20 | -6.82% |
Aug 07, 2025 | $28.50 | $31.71 | +11.26% |
May 08, 2025 | $26.90 | $25.66 | -4.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does I3 Verticals (IIIV) report earnings?
I3 Verticals (IIIV) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is I3 Verticals (IIIV) earnings time?
I3 Verticals (IIIV) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIIV EPS forecast?
IIIV EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.