i3 Verticals Earnings Reports

i3 Verticals delivered a profitable Q4 2025 with increased revenue and adjusted EPS, driven by strong SaaS momentum and a growing public sector presence.

i3 Verticals delivered a strong third quarter for fiscal year 2025, with revenue from continuing operations increasing by 12.4% year-over-year to $51.9 million. The company significantly reduced its net loss from continuing operations to $1.0 million from $14.4 million in the prior year, and adjusted EBITDA from continuing operations grew by 18.0% to $12.7 million. This performance was primarily driven by growth in recurring contracts, particularly SaaS and payments revenue.

i3 Verticals, Inc. reported a strong second quarter for fiscal year 2025, with revenue increasing by 8.8% to $63.1 million and a significant turnaround in net income from continuing operations, moving from a net loss of $2.3 million in the prior year to a net income of $1.1 million. The company also completed the acquisition of a utility billing software company and divested its Healthcare RCM Business.

i3 Verticals, Inc. reported a strong fiscal first quarter for 2025, with revenue from continuing operations increasing by 12.1% to $61.7 million and net income from continuing operations attributable to i3 Verticals, Inc. reaching $2.2 million, a significant improvement from a net loss in the prior year. Adjusted EBITDA from continuing operations also saw a 17.0% increase to $16.4 million.

i3 Verticals reported a 3.9% increase in fourth-quarter revenue, reaching $60.9 million, and a net income of $7.0 million, a significant improvement from the prior year's net loss of $1.2 million. The company's focus on recurring revenue contributed to a 7.5% increase in ARR. They reaffirmed their 2025 outlook, anticipating continued revenue growth and margin expansion.

i3 Verticals reported a 2% decrease in revenue, a widened net loss, and a decrease in adjusted EBITDA. However, the company is focusing on its vertical market software business and has completed an acquisition in the public sector.

i3 Verticals reported a slight increase in revenue and a significant increase in net income for Q2 2024. The company's adjusted EBITDA margin expanded, driven by growth in recurring revenue sources such as SaaS, software transaction-based revenue, and payments.

i3 Verticals reported a 6.9% increase in revenue to $92.0 million and a net income of $1.5 million for the first quarter of fiscal year 2024. The company's Board of Directors has initiated a process to explore the potential sale of certain assets related to its merchant services business.

i3 Verticals reported a strong fourth quarter and full fiscal year 2023, with revenue increasing by 13.1% in the fourth quarter and net income turning positive compared to a net loss in the previous year's fourth quarter. The company's adjusted EBITDA also saw a significant increase. They also provided their 2024 outlook.

i3 Verticals reported a 16.6% increase in revenue to $93.9 million for Q3 2023, but experienced a net loss of $6.1 million. The company also secured new state-level contracts in its Public Sector.

i3 Verticals reported strong Q2 2023 results, with a 20.2% increase in revenue to $93.9 million and a net income attributable to i3 Verticals, Inc. of $36,000. The company also refinanced its credit facility, securing lower rates and improved terms.

i3 Verticals reported a strong first quarter for fiscal year 2023, with record revenue and adjusted EBITDA. Revenue increased by 16.4% year-over-year, and adjusted EBITDA increased by 29.3%. The company also saw a significant rise in annualized recurring revenue.

i3 Verticals reported a 26.9% increase in fourth-quarter revenue to $85.3 million compared to the prior year's fourth quarter. The company's fourth-quarter net loss was $4.4 million, and adjusted EBITDA increased by 27.4% to $21.7 million.

i3 Verticals reported a 27.6% increase in revenue to $80.6 million for the third quarter of 2022. While the company experienced a net loss of $4.7 million, adjusted EBITDA rose by 29.1% to $20.1 million. Annualized Recurring Revenue grew by 30.2%.

i3 Verticals reported strong second-quarter results, with record revenue and adjusted EBITDA. The company's annualized recurring revenue increased by 47% year-over-year, and software and related services now constitute 50% of total revenue. They also announced the acquisition of a new software business in the Healthcare vertical.

i3 Verticals reported strong first quarter 2022 financial results, with record quarterly revenue and adjusted EBITDA. Revenue increased by 66% year-over-year, and adjusted EBITDA increased by 72.4%. The company also raised its 2022 outlook.

i3 Verticals reported a strong fourth quarter with significant year-over-year revenue and adjusted EBITDA growth. The company's focus on vertical market software and embedded payment opportunities drove revenue and payment volume increases. The company also announced an acquisition in the Healthcare vertical and the addition of Decosta Jenkins to its Board of Directors.

i3 Verticals reported a strong third quarter with a 96% increase in revenue compared to the prior year's third quarter. The company achieved new records in revenue, adjusted EBITDA, software revenue, payment volume and integration mix. However, the company reported a net loss of $4.6 million, compared to a net loss of $2.8 million in the prior year's third quarter.

i3 Verticals reported a 22% increase in revenue to $47.9 million for Q2 2021. However, the company experienced a net loss of $0.1 million, compared to a net income of $1.9 million in the same quarter last year. Adjusted EBITDA increased by 25% to $12.4 million.

i3 Verticals reported a 5% increase in first quarter revenue, reaching $43.3 million. Adjusted net revenue increased by 8% to $44.9 million. However, the company experienced a net loss of $4.1 million, compared to a net income of $1.9 million in the prior year's first quarter. Adjusted EBITDA decreased by 8% to $10.9 million.

i3 Verticals reported a decrease of 65% in fourth-quarter revenue compared to the prior year, but adjusted net revenue decreased only by 5%. The company completed seven software acquisitions since July 1, 2020, and net loss attributable to i3 Verticals, Inc. was $0.7 million. They are confident in their ability to deliver solid financial results in 2021 and capitalize on opportunities.

i3 Verticals reported its Q3 2020 financial results, revealing a decrease in revenue compared to the previous year due to the COVID-19 pandemic, particularly impacting the education sector. However, the company saw a recovery in payment volume and financial results throughout the quarter as restrictions eased. They completed two acquisitions to expand geographic reach and software capabilities.

i3 Verticals reported its financial results for the fiscal second quarter ended March 31, 2020. Second quarter revenue was $39.2 million, a decrease of 54% over the prior year's second quarter. Second quarter net income was $1.9 million, compared to a net loss of $1.2 million in the prior year's second quarter.

i3 Verticals reported a decrease in revenue by 52% compared to the prior year's first quarter, with revenue totaling $41.1 million. However, adjusted net revenue increased by 41% to $41.6 million, and adjusted EBITDA increased by 38% to $11.9 million. The company's increased presence within the Public Sector vertical continues to be a driver.