I3 Verticals, Inc. (IIIV)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-09-09
$15.21-4.04%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-09-09
Warn: Primary pillar under pressure — Revenue reaches at least $221 million in fiscal 2026: FY26 revenue guidance $216M-$221M vs $221M target.
IIIV grows revenue about 9% a year to $221M+. Profit margins improve. The company buys back up to $100M in shares. It has beaten earnings estimates recently.
Revenue guidance was lowered recently. Profit growth may slow. Risks include weaker demand or execution issues.
The price is about 22% below our fair value near $27. Analysts expect 9% revenue growth. We see some risk in growth and margin targets.
Breaks if: Adjusted EBITDA falls below $61 million in FY26
Breaks if: Revenue falls below $221 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on recurring revenue growth. The current thesis state is stable, supported by management's commitment to strategic priorities, even as recent financial performance has been mixed.
The market currently prices IIIV as cheap compared to its peers, reflecting a low expectations gap. This suggests that investors may not be anticipating significant growth in the near term, which could create opportunities if management executes on its priorities.
Management is on track with its goal to grow Annualized Recurring Revenue, which has shown steady increases. However, adjusted EBITDA margins are mixed, indicating some challenges in efficiency improvements, while near-term risks remain manageable.
The long-term thesis hinges on key factors such as potential guidance increases from management, Federal Reserve interest rate cuts, and positive earnings momentum from major tech sector players. These scenarios could significantly influence investor sentiment and the company's performance.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no current threats impacting the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
The company provided a revised revenue outlook for fiscal year 2026 between $221 million and $229 million.
Breaks if: Company cancels or fails to execute $100 million buyback program
Overall, IIIV's fundamentals suggest a cautious but stable outlook in the next 1 to 3 years. Not investment advice.