Loading…
Employees: 1,202
Size i3 Verticals (IIIV) is a United States Information Technology company (Packaged Software) with a market value of $502M, the 2695th largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.07 on 6 Nov 2026.
Performance Over six months the shares fell 9.8%, against -27.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 8.2% over the last twelve months (peer median -3.8%); the operating margin is 3.1% (peer median -11.0%).
Valuation It trades at 16.1× forward earnings against a peer median of 8.8× (4th most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.1 points below its cost of capital (8.2% WACC).
Short interest Short interest is 16.4% of the free float (15 Oct 2026).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $218M | $213M | $191M | $227M | $318M |
| Revenue growth | — | +11% | -16% | -29% | — |
| Gross profit | $120M | $119M | $105M | $185M | $215M |
| EBITDA | $35.7M | $32.0M | $30.2M | $35.6M | $56.4M |
| Net income | $8.91M | -$8.09M | -$92.2M | $1.85M | -$17.1M |
| Free cash flow | $49.9M | $3.75M | $45.4M | $33.0M | $43.6M |
| Capital expenditure | $10.9M | $10.1M | $20.3M | $18.6M | $12.5M |
| Total debt | $119M | $4.79M | $33.4M | $401M | $306M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IIIV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +23.4% | -8.7% | highest of 21 |
| 6-month return | -9.8% | -27.5% | 3rd highest of 21 |
| Distance from 52-week high | -36.7% | -51.5% | 3rd highest of 21 |
| Revenue growth (TTM) | -8.2% | -3.8% | 6th lowest of 19 |
| Operating margin | 3.1% | -11.0% | 8th highest of 20 |
| Forward P/E | 16.1× | 8.8× | 4th most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 31.2% | 6.3% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +7.3% | 0.0% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | +23.9 pp | +9.7 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | -7.1 pp | -16.0 pp | 4th highest of 18 |
| EV / EBITDA | 20.6× | 4.7× | most expensive of 6 |
| Net debt / EBITDA | 3.2× | -1.1× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| i3 Verticals IIIV | United States | $502M | -10% | -8% | 3% | 16.1× | 31.2% | +7.3% |
| JinXianDai Information Industry 300830.SZ | China | $502M | -29% | -20% | -42% | n/a | 17.7% | -8.8% |
| Nexxen International NEXN | United States | $503M | +15% | +3% | 5% | 7.6× | 6.3% | +11.5% |
| Baiwang 6657.HK | Hong Kong | $504M | -13% | -3% | -11% | 37.2× | n/a | n/a |
| NerdWallet NRDS | United States | $504M | -14% | +12% | 11% | 9.6× | -12.6% | +27.8% |
| Client Service International 300663.SZ | China | $499M | -45% | -29% | -85% | n/a | 30.0% | -10.7% |
| Xinjiang Sailing Information Technology 300588.SZ | China | $505M | -25% | +19% | -17% | n/a | n/a | n/a |
| Shanghai Wisdom Information Technology 301315.SZ | China | $499M | -26% | -15% | 4% | n/a | n/a | n/a |
| CoinShares CSHR | United States | $498M | -36% | n/a | n/a | 7.1× | n/a | n/a |
| Bringspring Science & Technology 300290.SZ | China | $506M | -66% | -6% | -13% | n/a | n/a | n/a |
| Beijing Quanshi World Online Network Information 002995.SZ | China | $508M | -15% | -19% | -13% | n/a | 5.3% | -19.1% |
| innoscripta 1INN.DE | Germany | $495M | -37% | +42% | 61% | 8.0× | -13.3% | +55.9% |
| Heren Health 300550.SZ | China | $510M | +18% | -4% | -11% | n/a | 43.2% | -0.9% |
| Boost Run BRUN | United States | $511M | -68% | n/a | -47% | n/a | 5.3% | n/a |
| TomTom TOM2.AS | Netherlands | $511M | -23% | -7% | 12% | 16.9× | -10.1% | +1.0% |
| Hangzhou Anysoft Information Technology 300571.SZ | China | $512M | -45% | -12% | -14% | n/a | n/a | n/a |
| Jiangxi Tianli Technology 300399.SZ | China | $514M | -21% | +6% | 2% | n/a | n/a | n/a |
| BOKU BOKU.L | United Kingdom | $490M | -29% | +10% | 9% | 19.3× | 9.1% | +17.3% |
| Hangzhou Huasu Technology 301157.SZ | China | $516M | -19% | +16% | 5% | n/a | n/a | n/a |
| Tanwan 9890.HK | Hong Kong | $517M | -52% | -4% | -6% | 2.9× | n/a | n/a |
| Beijing VRV Software 300352.SZ | China | $518M | -67% | +28% | -110% | n/a | 58.4% | -13.7% |