i3 Verticals, Inc. Class A (IIIV)

i3 Verticals' stock has been impacted by several events in the past six months. The company reported its fiscal first-quarter 2026 financial results on February 5, 2026, which were in line with expectations. On January 1, 2026, i3 Verticals completed the acquisition of a driver and motor vehicle insurance verification software company for $60.0 million in cash. On November 17, 2025, the company reported its fiscal fourth-quarter and full fiscal year 2025 financial results. The stock price as of April 2, 2026, was $22.66 per share, representing a decline of 5.96% from April 3, 2025. The company has also participated in several investor conferences.

i3 Verticals' overall revenue exhibits seasonal patterns, with the fourth quarter typically being the strongest. The projected revenue distribution for fiscal year 2026 is approximately 23% for Q1, 25% for Q2, 25% for Q3, and 27% for Q4. This seasonality is partly driven by the cadence of revenue recognition on certain projects within their utilities and transportation markets.

i3 Verticals, Inc. is a technology company providing integrated payment and software solutions, primarily for mission-critical enterprise software in the public sector. The company operates in the Computers and Technology sector, focusing on Financial Technology, Payment Technology, and Internet - Software industries. Its products and services include cloud-native solutions for government functions, E-Filing and revenue cycle management, computer-aided dispatch, and software for vehicle title and registration. i3 Verticals also has a presence in education, non-profit, property management, healthcare, and B2B payments, offering a proprietary gateway and its core Burton Platform technology.

i3 Verticals primarily operates within the United States, with software installations across all 50 states and Canada. The company's headquarters are in Nashville, Tennessee, with operational hubs in Needham, Massachusetts, and Pineville, Louisiana.

i3 Verticals has seen positive developments in its brand reputation in the past year. The company's brand unification efforts have led to enhanced market visibility and increased recognition as a trusted platform provider. This has contributed to increased RFP activity and pipeline growth. The company is recognized as a leader in the public sector vertical and in the payment processing industry.

i3 Verticals, Inc. exhibits a significant concentration of institutional ownership. As of April 2026, institutional shareholders hold 84.22% to 87.31% of the stock. Major institutional owners include Vanguard Group Inc and BlackRock, Inc. Individual insiders, including executive leadership, collectively own between 2.90% and 33.16% of the shares. Gregory S. Daily, the Chairman and CEO, is the largest individual shareholder, owning 22.26% to 23.57% of the company's shares.