# i3 Verticals Inc. (IIIV) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / IT Services. Price $16.60, market value $438 million.

## Valuation
- **P/E (trailing): 57.2×** (5-yr avg 24.8×, 3-yr avg 24.8×). i3 Verticals Inc. trades at 57.2× trailing earnings, well above its own five-year average of 24.8×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 13.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.6×**. Enterprise value is 10.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 11.4%** (5-yr avg 5.2%). Free cash flow equals 11.4% of the market value, above its five-year average of 5.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1.7%**. The inverse of the P/E: 1.7% of the price is earned each year.

## Profitability
- **Operating margin: 2.7%**. 2.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 8.4%**. 8.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.6%**. 4.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 1.5%**. Return on all capital, debt included, is 1.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit.

## Growth
- **Revenue growth (1 yr): 11.5%** (3-yr 4.3%/yr, 5-yr 7.3%/yr). Revenue grew 11.5% over the last year, against 7.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -84.8%**. Earnings per share fell 84.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -55.1%/yr**. Free cash flow has compounded at -55.1% a year over three years.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. i3 Verticals Inc. holds more cash than debt.
- **Altman Z-score: 3.39**. A Z-score of 3.39 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. i3 Verticals Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -44.9%** (YTD -34.1%, 3-mo -15.7%). The shares are down 44.9% over twelve months including dividends.
- **From 52-week high: -51.1%** (6.6% above the low). Trading 51% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.52** (volatility 44%). Beta of 0.52 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IIIV · Page: https://foliofundamentals.com/stocks/iiiv

Not investment advice.