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Upturn AI Summary - About
i3 Verticals Inc(IIIV)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IIIV
10/22/2026: IIIV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
i3 Verticals Inc is a specialized software and payment processing company that serves niche markets like the public sector, healthcare, and education. The company's core strength lies in its ability to offer integrated, essential software that embeds payment processing, fostering high client retention and recurring revenue. Its growth story is built on a successful track record of acquiring specialized software providers and scaling them. However, investors must consider the risks associated with its acquisition-heavy growth model, intense competition from larger fintech firms, and potential economic sensitivity in its key markets. The stock may suit growth-oriented investors, though it currently provides no dividend income.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company's focus on recurring revenue and vertical market expansion aligns with growth-oriented strategies. |
| Momentum investor | Mixed fit | Momentum appeal depends on the company's ability to demonstrate consistent organic growth and successful M&A integration. |
| Value investor | Mixed fit | Valuation fluctuates based on sector multiples; investors must assess if the current price reflects the integration risk of acquired units. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The reliance on acquisitions and inherent volatility in the fintech sector pose risks unsuitable for conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is susceptible to broader fintech sector trends and interest rate sensitivity. |
| Valuation risk | Medium | Investors pay a premium for growth, which can contract if revenue acceleration slows. |
| Competition risk (fintech and vertical software) | High | Larger, well-capitalized firms could out-compete or lower margins in key markets. |
| Business quality | Medium / high | High recurring revenue base provides stability, though integration of many small units is complex. |
| Dividend income | Low / none | There is no income component for investors. |
| Execution risk | Medium / high | The strategy depends heavily on the ability to successfully integrate new acquisitions. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -41.19% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/22/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 589.23M USD | Price to earnings Ratio 58.41 | 1Y Target Price 25.5 |
Price to earnings Ratio 58.41 | 1Y Target Price 25.5 | ||
Volume (30-day avg) 519.4K shares | Beta 0.78 | 52 Weeks Range 13.63 - 33.97 | Updated Date 10/21/2026 |
52 Weeks Range 13.63 - 33.97 | Updated Date 10/21/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.29 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Software Services | Subscription and maintenance fees from proprietary software platforms in government, healthcare, and education. | The company earns predictable recurring revenue from software that clients rely on for their daily operations. |
| Merchant Services | Transaction-based fees from payment processing integrated into the software platforms. | Every time a client's customer makes a payment through the software, i3 Verticals takes a small fee. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 58.41 | Forward PE 19.16 | Enterprise Value 388.32M | Price to Sales(TTM) 2.7 |
Enterprise Value 388.32M | Price to Sales(TTM) 2.7 | ||
Enterprise Value to Revenue 1.78 | Enterprise Value to EBITDA 8.12 | Shares Outstanding 18.02M | Shares Floating 12.46M |
Shares Outstanding 18.02M | Shares Floating 12.46M | ||
Percent Insiders 2.92 | Percent Institutions 124.14 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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