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IIIV 
i3 Verticals Inc (IIIV)
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Upturn Advisory Summary
12/22/2025: IIIV (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $34.17
1 Year Target Price $34.17
| 5 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.77% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/22/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 837.96M USD | Price to earnings Ratio 185 | 1Y Target Price 34.17 |
Price to earnings Ratio 185 | 1Y Target Price 34.17 | ||
Volume (30-day avg) 7 | Beta 1.06 | 52 Weeks Range 22.00 - 33.97 | Updated Date 12/21/2025 |
52 Weeks Range 22.00 - 33.97 | Updated Date 12/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.39% | Operating Margin (TTM) 0.06% |
Management Effectiveness
Return on Assets (TTM) 0.25% | Return on Equity (TTM) 1.09% |
Valuation
Trailing PE 185 | Forward PE - | Enterprise Value 558996441 | Price to Sales(TTM) 3.93 |
Enterprise Value 558996441 | Price to Sales(TTM) 3.93 | ||
Enterprise Value to Revenue 2.62 | Enterprise Value to EBITDA 12.99 | Shares Outstanding 23972102 | Shares Floating 22323541 |
Shares Outstanding 23972102 | Shares Floating 22323541 | ||
Percent Insiders 2.34 | Percent Institutions 127.92 |
Upturn AI SWOT
i3 Verticals Inc
Company Overview
History and Background
i3 Verticals Inc. was founded in 2014 and has since grown through a series of strategic acquisitions and organic expansion to become a significant player in the software and payment processing industry. The company focuses on providing vertical-specific software solutions and integrated payment processing to businesses across various sectors, primarily in North America.
Core Business Areas
- Public Sector Solutions: Provides cloud-based software solutions for government entities, including courts, tax collectors, and other public sector agencies. These solutions aim to streamline operations, improve efficiency, and enhance citizen engagement.
- Business Solutions: Offers specialized software and payment processing solutions for a range of industries, including healthcare, hospitality, and professional services. The focus is on delivering integrated systems that manage business operations and facilitate secure transactions.
Leadership and Structure
i3 Verticals Inc. is led by a management team with extensive experience in software, payments, and business operations. The company operates on a decentralized model, allowing acquired businesses to maintain their operational focus and customer relationships while leveraging i3 Verticals' resources and expertise.
Top Products and Market Share
Key Offerings
- Product Name 1: Cloud-based software for public sector entities (e.g., court management, tax collection). Specific market share data for individual software products is not publicly disclosed, but the company serves a significant number of government agencies. Competitors include Tyler Technologies (TYL), Accela, and various smaller niche providers.
- Product Name 2: Integrated payment processing solutions for small and medium-sized businesses across various verticals. Market share is fragmented, with i3 Verticals competing against a wide array of payment processors and financial technology companies. Key competitors include Square (SQ), Stripe, and Fiserv (FI).
Market Dynamics
Industry Overview
The software and payment processing industries are characterized by rapid technological advancement, increasing demand for integrated solutions, and a growing focus on cloud-based services. The public sector software market is driven by government efficiency initiatives and modernization efforts. The business payment processing market is highly competitive, with ongoing innovation in areas like contactless payments, fraud prevention, and embedded finance.
Positioning
i3 Verticals Inc. is positioned as a provider of specialized, vertical-focused software and integrated payment solutions. Its strategy of acquiring and integrating complementary businesses allows it to offer comprehensive solutions to its target markets. Its competitive advantages lie in its deep understanding of specific industry needs and its ability to provide end-to-end solutions.
Total Addressable Market (TAM)
The TAM for vertical-specific software and payment processing is substantial and growing. For public sector software, it represents billions of dollars globally, driven by digital transformation mandates. The payment processing TAM is in the trillions of dollars. i3 Verticals is positioned to capture a growing share of these markets by focusing on niche segments where it can establish a strong presence and offer specialized value.
Upturn SWOT Analysis
Strengths
- Acquisition-driven growth strategy leading to diversification.
- Focus on niche vertical markets with specialized software needs.
- Integrated software and payment processing offerings.
- Experienced management team with a track record of successful integrations.
- Recurring revenue model from software subscriptions and payment processing fees.
Weaknesses
- Reliance on acquisitions for growth can create integration challenges.
- Potential for operational inefficiencies across a diverse portfolio of acquired companies.
- Competition from larger, more established software and payment providers.
- Limited brand recognition compared to some industry giants.
Opportunities
- Further penetration into underserved vertical markets.
- Expansion of product and service offerings through strategic acquisitions.
- Leveraging data analytics to provide enhanced insights and services to clients.
- Cross-selling opportunities between acquired businesses.
- Increasing demand for cloud-based solutions and digital transformation.
Threats
- Intense competition and pricing pressures.
- Rapid technological changes requiring continuous innovation.
- Changes in regulatory environments impacting payment processing or data security.
- Economic downturns affecting small and medium-sized businesses.
- Cybersecurity threats and data breaches.
Competitors and Market Share
Key Competitors
- Tyler Technologies (TYL)
- Accela
- Square (SQ)
- Stripe
- Fiserv (FI)
- PayPal (PYPL)
- Global Payments Inc. (GPN)
Competitive Landscape
i3 Verticals Inc. competes in highly fragmented markets. Its advantage lies in its focused approach to specific verticals, offering tailored solutions that larger, more generalized competitors might overlook. However, it faces challenges from larger players with greater brand recognition, broader product portfolios, and more extensive R&D budgets. Its ability to effectively integrate acquisitions is crucial for maintaining its competitive edge.
Major Acquisitions
A M Consulting LLC
- Year: 2024
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthening the Public Sector Solutions segment, expanding capabilities in government software.
National Benefits Solutions LLC
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Enhancing the Business Solutions segment, particularly in employee benefits and related payment processing.
NorthStar Anesthesia Partners
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Expanding presence in the healthcare vertical with specialized software and payment solutions for anesthesia providers.
Growth Trajectory and Initiatives
Historical Growth: i3 Verticals Inc. has demonstrated strong historical growth, largely propelled by its acquisitive strategy. The company has successfully integrated numerous smaller software and payment processing businesses, expanding its footprint and revenue base.
Future Projections: Future growth is expected to continue through a combination of strategic acquisitions and organic expansion within its core vertical markets. Analysts generally project continued revenue growth, with a focus on improving profitability and operational synergies from acquired entities.
Recent Initiatives: Recent initiatives likely include ongoing identification and execution of strategic acquisitions, optimization of existing software platforms, enhancement of payment processing capabilities, and efforts to improve cross-selling opportunities among its diverse customer base.
Summary
i3 Verticals Inc. is a growing company focused on vertical-specific software and payment processing. Its acquisition-driven strategy has diversified its revenue streams and market presence. While it benefits from recurring revenue and niche market focus, it faces stiff competition and integration challenges. Continued successful acquisitions and organic growth are key to its future strength, but it must remain agile to adapt to technological changes and market dynamics.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company investor relations website
- SEC filings (10-K, 10-Q)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Market share data for specific products is often estimated. Financial data is subject to change and should be verified with official company reports. This is not financial advice, and investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About i3 Verticals Inc
Exchange NASDAQ | Headquaters Nashville, TN, United States | ||
IPO Launch date 2018-06-21 | Chairman & CEO Mr. Gregory S. Daily | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 1202 | Website https://www.i3verticals.com |
Full time employees 1202 | Website https://www.i3verticals.com | ||
i3 Verticals, Inc. provides enterprise software and services solutions to public sector entities in the United States and Canada. The company offers digital solutions for dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems; E-Filing and revenue cycle management solutions for courts; solutions for computer aided dispatch, records management, evidence management, jail management, mobile solutions, and livescan; and software solutions for vehicle title and registration, driver's license and permit management, and motor carrier compliance for departments of transportation. It also provides digital customer engagement platform, comprising web, mobile, chat, and voice options; billing and back-office management software solutions and services; solutions for school lunch programs, including meal account management, point of sale, menu planning, nutritional analysis, food inventory and free, and reduced meal applications, as well as school event solutions, such as ticketing and concessions. In addition, the company offers government fund accounting software; digital land records solutions, including AI indexing of information; computer assisted mass appraisal solutions; licensing and permitting solutions that include automation every step of the application, renewal, and payment process; and tax and revenue collection management solutions. i3 Verticals, Inc. was founded in 2012 and is based in Nashville, Tennessee.
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