10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $213M | $18M | 0.0% | 1.8% | $4M | $0 | $67M |
| 2024 | $191M | $113M | 0.0% | 2.3% | $45M | $26M | $87M |
| 2023 | $190M | -$811000 | 175.7% | -2.3% | $33M | $388M | $3M |
| 2022 | $188M | -$17M | 150.6% | -12.3% | $41M | $287M | $3M |
| 2021 | $224M | -$4M | 87.2% | -0.0% | $43M | $201M | $4M |
| 2020 | $150M | -$419000 | 82.2% | 5.2% | $21M | $91M | $16M |
| 2019 | $376M | -$3M | 28.4% | 1.7% | $26M | $139M | $1M |
| 2018 | — | -$7M | — | — | $16M | $37M | $572000 |
| 2017 | — | $902000 | — | — | $8M | $111M | $955000 |
| 2016 | — | -$2M | — | — | $9M | — | $4M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $58M | $1M | 0.0% | 6.5% | $10M | $81M | $7M |
| Dec '25 | $53M | $484000 | 0.0% | 3.1% | $14M | — | $38M |
| Sep '25 | $55M | $3M | 0.0% | 2.7% | $14M | $0 | $67M |
| Jun '25 | $52M | $13M | 0.0% | -9.3% | $7M | $0 | $56M |
| Mar '25 | $54M | -$154000 | 0.0% | 9.3% | -$28M | $12M | $8M |
| Dec '24 | $52M | $2M | 0.0% | 3.9% | $11M | $26M | $86M |
| Sep '24 | $51M | $118M | 0.0% | 6.6% | $15M | $26M | $87M |
| Jun '24 | $46M | -$8M | 0.0% | -2.8% | $7M | $374M | $10M |
| Mar '24 | $58M | $2M | 146.1% | 3.4% | $10M | $370M | $3M |
| Dec '23 | $55M | $1M | 150.0% | 2.7% | $14M | $379M | $4M |
| Sep '23 | $59M | $5M | 147.4% | 2.1% | $10M | $388M | $3M |
| Jun '23 | $57M | -$5M | 148.3% | -8.0% | -$302000 | $390M | $5M |
| Mar '23 | $94M | $36000 | 90.3% | 0.3% | $7M | $385M | $4M |
| Dec '22 | $86M | -$240000 | 89.8% | 6.8% | $17M | $377M | $4M |
| Sep '22 | $85M | -$3M | 88.4% | 8.5% | $9M | $287M | $3M |
| Jun '22 | $81M | -$4M | 88.7% | -3.4% | $4M | $308M | $9M |
| Mar '22 | $78M | -$7M | 89.6% | -7.9% | $9M | $287M | $6M |
| Dec '21 | $74M | -$3M | 89.2% | -1.0% | $22M | $257M | $3M |
| Sep '21 | $67M | -$481000 | 87.8% | 0.9% | $10M | $201M | $4M |
| Jun '21 | $63M | -$3M | 87.4% | -1.3% | $4M | $213M | $5M |
How the market has priced IIIV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, I3 Verticals, Inc.'s revenue has grown 7.3% per year. These are computed facts, not advice.
As of FY2025, I3 Verticals, Inc. reported $0 of total debt against $67M of cash.
In FY2025, gross margin was —, operating margin 1.8%, and net margin 8.4%.
As of Jun '26, I3 Verticals, Inc. traded at a price-to-earnings ratio of about 25.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.