(IIIV) i3 Verticals - Overview
Stock: Software, Services, Courts, Schools, Government
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 36.6% |
| Relative Tail Risk | -5.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.42 |
| Alpha | -31.39 |
| Character TTM | |
|---|---|
| Beta | 0.825 |
| Beta Downside | 0.597 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.84% |
| CAGR/Max DD | -0.19 |
Description: IIIV i3 Verticals January 21, 2026
i3 Verticals, Inc. (NASDAQ: IIIV) delivers a broad suite of enterprise software and services to U.S. and Canadian public-sector agencies, covering court administration, motor-vehicle services, public safety, school nutrition, and government finance. Its product portfolio spans e-filing and revenue-cycle tools for courts, dispatch and evidence management for law-enforcement, vehicle-title and driver-license systems for transportation departments, as well as digital engagement platforms (web, mobile, chat, voice) and school-lunch management solutions.
Recent filings show FY 2023 revenue of roughly $150 million, with a 12 % year-over-year growth rate driven primarily by new multi-year contracts in the court-systems segment. The company’s backlog-approximately 18 months of contracted work-provides visibility into future cash flows, while its gross margin has stabilized near 45 % after recent pricing adjustments. Macro-level, sustained federal and provincial budget allocations toward digital government transformation and heightened cybersecurity requirements are key economic tailwinds for i3 Verticals.
For a deeper, data-driven look at IIIV’s valuation and peer comparisons, the ValueRay platform offers a concise, analytics-focused snapshot.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 17.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.87 > 1.0 |
| NWC/Revenue: 28.91% < 20% (prev -4.93%; Δ 33.84% < -1%) |
| CFO/TA 0.01 > 3% & CFO 5.69m > Net Income 17.9m |
| Net Debt (-61.9m) to EBITDA (42.6m): -1.45 < 3 |
| Current Ratio: 1.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (34.2m) vs 12m ago 34.93% < -2% |
| Gross Margin: 63.42% > 18% (prev 0.78%; Δ 6264 % > 0.5%) |
| Asset Turnover: 33.83% > 50% (prev 31.47%; Δ 2.36% > 0%) |
| Interest Coverage Ratio: 5.55 > 6 (EBITDA TTM 42.6m / Interest Expense TTM 2.30m) |
Altman Z'' 2.45
| A: 0.10 (Total Current Assets 137.6m - Total Current Liabilities 70.7m) / Total Assets 638.4m |
| B: 0.19 (Retained Earnings 118.3m / Total Assets 638.4m) |
| C: 0.02 (EBIT TTM 12.8m / Avg Total Assets 684.5m) |
| D: 0.98 (Book Value of Equity 118.3m / Total Liabilities 120.7m) |
| Altman-Z'' Score: 2.45 = A |
Beneish M -2.76
| DSRI: 1.03 (Receivables 58.5m/56.2m, Revenue 231.6m/229.9m) |
| GMI: 1.23 (GM 63.42% / 78.05%) |
| AQI: 1.00 (AQ_t 0.77 / AQ_t-1 0.77) |
| SGI: 1.01 (Revenue 231.6m / 229.9m) |
| TATA: 0.02 (NI 17.9m - CFO 5.69m) / TA 638.4m) |
| Beneish M-Score: -2.76 (Cap -4..+1) = A |
What is the price of IIIV shares?
Over the past week, the price has changed by -5.58%, over one month by -22.39%, over three months by -29.01% and over the past year by -18.34%.
Is IIIV a buy, sell or hold?
- StrongBuy: 5
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the IIIV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.2 | 62.9% |
| Analysts Target Price | 34.2 | 62.9% |
| ValueRay Target Price | 20.7 | -1.4% |
IIIV Fundamental Data Overview February 02, 2026
P/S = 4.1025
P/B = 1.7342
Revenue TTM = 231.6m USD
EBIT TTM = 12.8m USD
EBITDA TTM = 42.6m USD
Long Term Debt = 4.79m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.83m USD (from shortTermDebt, last quarter)
Debt = 4.79m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -61.9m USD (from netDebt column, last quarter)
Enterprise Value = 812.6m USD (874.5m + Debt 4.79m - CCE 66.7m)
Interest Coverage Ratio = 5.55 (Ebit TTM 12.8m / Interest Expense TTM 2.30m)
EV/FCF = 240.7x (Enterprise Value 812.6m / FCF TTM 3.38m)
FCF Yield = 0.42% (FCF TTM 3.38m / Enterprise Value 812.6m)
FCF Margin = 1.46% (FCF TTM 3.38m / Revenue TTM 231.6m)
Net Margin = 7.72% (Net Income TTM 17.9m / Revenue TTM 231.6m)
Gross Margin = 63.42% ((Revenue TTM 231.6m - Cost of Revenue TTM 84.7m) / Revenue TTM)
Gross Margin QoQ = 54.92% (prev 67.76%)
Tobins Q-Ratio = 1.27 (Enterprise Value 812.6m / Total Assets 638.4m)
Interest Expense / Debt = 7.66% (Interest Expense 367.0k / Debt 4.79m)
Taxrate = 48.38% (5.27m / 10.9m)
NOPAT = 6.59m (EBIT 12.8m * (1 - 48.38%))
Current Ratio = 1.95 (Total Current Assets 137.6m / Total Current Liabilities 70.7m)
Debt / Equity = 0.01 (Debt 4.79m / totalStockholderEquity, last quarter 389.6m)
Debt / EBITDA = -1.45 (Net Debt -61.9m / EBITDA 42.6m)
Debt / FCF = -18.33 (Net Debt -61.9m / FCF TTM 3.38m)
Total Stockholder Equity = 383.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.61% (Net Income 17.9m / Total Assets 638.4m)
RoE = 4.66% (Net Income TTM 17.9m / Total Stockholder Equity 383.3m)
RoCE = 3.29% (EBIT 12.8m / Capital Employed (Equity 383.3m + L.T.Debt 4.79m))
RoIC = 1.68% (NOPAT 6.59m / Invested Capital 392.8m)
WACC = 8.92% (E(874.5m)/V(879.3m) * Re(8.95%) + D(4.79m)/V(879.3m) * Rd(7.66%) * (1-Tc(0.48)))
Discount Rate = 8.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 21.27%
[DCF Debug] Terminal Value 66.15% ; FCFF base≈14.9m ; Y1≈9.76m ; Y5≈4.45m
Fair Price DCF = 6.06 (EV 75.0m - Net Debt -61.9m = Equity 136.9m / Shares 22.6m; r=8.92% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -63.23 | EPS CAGR: -26.56% | SUE: 0.91 | # QB: 1
Revenue Correlation: -69.80 | Revenue CAGR: -7.63% | SUE: -0.04 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.30 | Chg30d=-0.008 | Revisions Net=-2 | Analysts=6
EPS current Year (2026-09-30): EPS=1.12 | Chg30d=-0.062 | Revisions Net=-6 | Growth EPS=+6.7% | Growth Revenue=+6.1%
EPS next Year (2027-09-30): EPS=1.23 | Chg30d=-0.110 | Revisions Net=-3 | Growth EPS=+9.8% | Growth Revenue=+7.3%