i3 Verticals, Inc. Class A (IIIV)

Over the past six months, i3 Verticals' stock has been impacted by several events. The Q4 Fiscal Year 2025 earnings report showed revenue exceeding estimates, but the stock fell due to fiscal year 2026 guidance coming in below consensus. The company completed the acquisition of a driver and motor vehicle insurance verification software company. The Q1 Fiscal Year 2026 earnings report showed mixed results, with an earnings miss leading to cautious market sentiment, though some reports indicated a stock surge due to beating analyst expectations. KeyBanc and Morgan Stanley lowered their price targets on i3 Verticals. As of February 5, 2026, i3 Verticals' market capitalization was $450.39 million, having decreased in the past 30 days and 12 months.

Demand seasonality for i3 Verticals, Inc. products and services is primarily influenced by software license sales and professional services. For fiscal year 2026, the company expects its revenue distribution to be approximately 23% in Q1, 25% in Q2, 25% in Q3, and 27% in Q4.

i3 Verticals, Inc. is a technology company delivering mission-critical enterprise software solutions to public sector entities, operating within the software and payments industry. It offers cloud-native solutions for government functions, including JusticeTech and Public Safety, Transportation, Utilities & Administration, Permitting, Licensing & Tax, and K-12 Education. The company is also integrating AI-enabled solutions. i3 Verticals' revenue model is transitioning towards a more predictable SaaS model, securing long-term government contracts.

i3 Verticals has a significant geographic presence with software installations across all 50 U.S. states and Canada. Its transportation platform is live in 30 U.S. states and 4 Canadian provinces. The company's headquarters are located in Nashville, Tennessee.

Explicit information regarding i3 Verticals' overall brand reputation is not readily available. The company's focus on providing mission-critical software solutions and its emphasis on recurring revenue suggest a reputation for delivering essential and reliable technology. Analyst ratings generally lean towards a Moderate Buy or Buy consensus. However, employee reviews indicate some internal challenges, and financial performance, such as the decline in diluted EPS and overall revenue in Q1 2026, could lead to some investor skepticism.

i3 Verticals, Inc. has an ownership structure primarily weighted towards institutional investors, with 84.22% of the stock held by institutions such as T. Rowe Price Investment Management, Inc., Geneva Capital Management Llc, Vanguard Group Inc, and BlackRock, Inc. Insiders hold a substantial stake, representing 60.09% of the stock, with the largest individual shareholder being Gregory S. Daily, the Chairman and CEO, holding 22.20% of the company.