# i3 Verticals Inc. (IIIV) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $18.14, market value $631 million.

## Valuation
- **P/E (trailing): 62.6×** (5-yr avg 24.8×, 3-yr avg 24.8×). i3 Verticals Inc. trades at 62.6× 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 14.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.9×**. Each dollar of revenue is priced at 2.9×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.2×**. Enterprise value is 16.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.9%** (5-yr avg 5.2%). Free cash flow equals 7.9% 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: 1.6%**. The inverse of the P/E: 1.6% 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.
- **Current ratio: 1.95** (quick 1.95). Current assets cover the next year's liabilities 1.95 times.
- **Altman Z-score: 4.47**. A Z-score of 4.47 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

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

## Price and momentum
- **Total return (1 yr): -40.1%** (YTD -26.9%, 3-mo -13.8%). The shares are down 40.1% over twelve months including dividends.
- **From 52-week high: -42.0%** (33.1% above the low). Trading 42% 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): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.37** (volatility 45%). Beta of 0.37 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.