IIIV - i3 Verticals, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$28.00
DETAILS
HIGH:
$30.00
LOW:
$22.00
MEDIAN:
$30.00
CONSENSUS:
$28.00
UPSIDE:
39.86%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 213.2 | 229.9 | 189.7 | 187.8 | 224.1 | 150.1 | 376.3 | 323.5 | 262.6 | 199.6 |
| Cost of Revenue | 94.5 | 18.6 | 54.8 | 12.8 | 57.7 | 47.2 | 287.1 | 254.9 | 217.9 | 162.9 |
| Gross Profit | 118.7 | 211.3 | 134.9 | 174.9 | 166.4 | 102.9 | 89.2 | 68.7 | 44.7 | 36.7 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 13.5 | 11.2 | 7.9 | 6.3 | 4.0 | 3.0 | 1.7 | 1.5 | 1.2 |
| SG&A Expenses | 114.7 | 173.2 | 175.8 | 154.6 | 133.0 | 78.3 | 62.9 | 40.6 | 27.2 | 20.4 |
| Other Expenses | 0 | 17.7 | (47.6) | 35.6 | 27.2 | 12.8 | 17.0 | 14.0 | 8.3 | 11.1 |
| Operating Expenses | 114.7 | 204.5 | 139.3 | 198.1 | 166.4 | 95.1 | 82.8 | 56.3 | 37.1 | 32.7 |
| Operating Income | ||||||||||
| Operating Income | 4.0 | 6.9 | (4.4) | (23.1) | (0.0) | 7.8 | 6.4 | 12.4 | 7.6 | 4.0 |
| Interest Expense | 2.3 | 29.3 | 25.1 | 14.8 | 9.8 | 8.9 | 6.0 | 8.5 | 6.9 | 5.9 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 41.1 | 33.2 | 33.3 | 22.6 | 27.0 | 23.4 | 23.0 | 15.7 | 18.1 | 13.9 |
| EBIT | 13.2 | 9.3 | (3.2) | 1.0 | 2.6 | 5.2 | 6.4 | 3.9 | 8.0 | 4.0 |
| Income Before Tax | 10.9 | (19.0) | (28.3) | (38.9) | (7.2) | (3.8) | 0.4 | (4.6) | 1.1 | (1.9) |
| Income Tax Expense | 5.3 | (5.7) | (3.5) | 0.2 | 0.6 | (2.8) | (0.2) | 0.3 | 0.2 | 0.2 |
| Net Income | 17.9 | 113.3 | (0.8) | (17.1) | (4.5) | (0.4) | (3.0) | (6.9) | 0.9 | (2.1) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.34 | 4.84 | 0.08 | -0.77 | -0.21 | -0.03 | -0.29 | -0.78 | 0.12 | -0.27 |
| EPS (Diluted) | 0.56 | 4.64 | -0.07 | -0.77 | -0.22 | -0.03 | -0.29 | -0.74 | 0.12 | -0.27 |
| Shares Outstanding | 23.9 | 23.4 | 23.1 | 22.2 | 21.0 | 14.8 | 10.5 | 8.8 | 7.8 | 7.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 66.7 | 86.5 | 3.1 | 3.5 | 3.6 | 15.6 | 1.1 | 0.6 | 1.0 | 3.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 58.5 | 56.2 | 50.8 | 58.3 | 38.5 | 17.5 | 15.3 | 12.5 | 8.4 | 6.2 |
| Inventory | 2.5 | 2.4 | 2.0 | 4.1 | 2.2 | 1.3 | 1.3 | 0.9 | 1.1 | 1.2 |
| Other Current Assets | 3.7 | 3.0 | 25.8 | 11.5 | 8.0 | 1.9 | 0 | 0.9 | 5.2 | 4.4 |
| Total Current Assets | 137.6 | 153.4 | 85.5 | 83.8 | 58.1 | 38.0 | 20.6 | 16.6 | 15.7 | 15.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 11.8 | 17.6 | 21.9 | 23.3 | 20.4 | 5.3 | 5.0 | 3.0 | 1.4 | 1.6 |
| Goodwill | 248.5 | 280.7 | 268.0 | 353.6 | 292.2 | 187.0 | 168.3 | 84.0 | 58.5 | 35.1 |
| Intangible Assets | 184.1 | 221.4 | 221.2 | 248.3 | 213.1 | 126.2 | 122.9 | 69.4 | 63.0 | 47.3 |
| Long-Term Investments | 0.2 | 2.4 | 4.2 | 12.7 | 14.2 | 6.2 | 2.1 | 0.7 | 1.0 | 0.4 |
| Other Non-Current Assets | 7.1 | 6.7 | 231.1 | 5.1 | 3.8 | 4.0 | 2.3 | 2.3 | 1.3 | 0.8 |
| Total Non-Current Assets | 500.8 | 577.3 | 798.9 | 686.5 | 593.7 | 365.6 | 328.7 | 158.6 | 124.3 | 84.7 |
| Total Assets | 638.4 | 730.7 | 884.4 | 770.3 | 651.8 | 403.5 | 349.3 | 175.1 | 140.0 | 100.3 |
| Current Liabilities | ||||||||||
| Account Payables | 6.2 | 4.9 | 6.4 | 9.3 | 7.9 | 3.8 | 3.4 | 4.1 | 1.6 | 2.0 |
| Short-Term Debt | 1.8 | 28.5 | 3.7 | 4.6 | 3.2 | 0 | 0 | 5 | 4 | 5 |
| Deferred Revenue | 37.7 | 38.4 | 32.8 | 32.0 | 29.9 | 11.0 | 10.2 | 4.9 | 2.7 | 2.3 |
| Other Current Liabilities | 15.6 | 57.1 | 39.8 | 56.5 | 47.9 | 20.2 | 17.2 | 10.4 | 10.6 | 9.9 |
| Total Current Liabilities | 70.7 | 164.7 | 93.5 | 111.3 | 96.5 | 38.9 | 35.2 | 26.4 | 20.2 | 20.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3.0 | 4.9 | 388.0 | 287.0 | 200.6 | 90.8 | 139.3 | 31.8 | 106.8 | 78.5 |
| Deferred Tax Liabilities | 9.0 | 11.4 | 18.6 | 7.9 | 3.3 | 2.2 | 0.5 | 1.1 | 0 | 0 |
| Other Non-Current Liabilities | 34.3 | 28.6 | 46.9 | 42.3 | 49.7 | 31.5 | 32.3 | 4.7 | 9.8 | 10.9 |
| Total Non-Current Liabilities | 50.0 | 50.6 | 462.7 | 351.4 | 265.7 | 124.5 | 171.6 | 36.5 | 116.6 | 89.5 |
| Total Liabilities | 120.7 | 215.3 | 556.1 | 462.6 | 362.2 | 163.4 | 206.9 | 62.9 | 136.8 | 109.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 36.2 | 20.7 |
| Retained Earnings | 118.3 | 100.4 | (12.9) | (23.6) | (6.5) | (2.0) | (2.3) | 0.7 | (33.0) | (30.2) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.3) | (1.3) | (0.9) |
| Total Stockholders' Equity | 389.6 | 379.7 | 236.7 | 218.4 | 204.8 | 155.6 | 80.1 | 39.3 | 3.1 | (9.5) |
| Total Liabilities & Equity | 638.4 | 730.7 | 884.4 | 770.3 | 651.8 | 403.5 | 349.3 | 175.1 | 140.0 | 100.3 |
| Debt Metrics | ||||||||||
| Total Debt | 7.8 | 38.3 | 400.6 | 305.6 | 215.8 | 90.8 | 139.3 | 36.8 | 110.8 | 83.5 |
| Net Debt | (58.9) | (48.2) | 397.5 | 302.1 | 212.1 | 75.2 | 138.2 | 36.2 | 109.9 | 79.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 17.9 | 175.1 | (2.7) | (23.2) | (7.8) | (1.0) | 0.6 | (5.0) | 0.9 | (2.1) |
| Depreciation & Amortization | 29.8 | 37.4 | 36.5 | 29.4 | 24.4 | 18.2 | 16.6 | 11.8 | 10.1 | 9.9 |
| Stock-Based Compensation | 18.3 | 26.3 | 27.9 | 26.2 | 20.9 | 10.5 | 6.1 | 1.6 | 0 | 0 |
| Change in Working Capital | (53.5) | 17.2 | (20.2) | (6.7) | (1.0) | (1.0) | 1.2 | (1.0) | (1.2) | (0.1) |
| Other Non-Cash Items | (11.9) | (208.1) | 1.6 | 17.5 | 10.6 | 0.3 | 2.7 | 11.4 | (2.0) | 2.2 |
| Operating Cash Flow | 5.7 | 48.4 | 37.2 | 45.8 | 46.8 | 23.7 | 26.6 | 18.1 | 7.7 | 10.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.9) | (3.0) | (16.4) | (12.4) | (8.2) | (6.0) | (3.1) | (4.5) | (2.1) | (2.9) |
| Acquisitions | (11) | (19.1) | (102.0) | (100.7) | (149.5) | (27.7) | (137.0) | (32.4) | (44.2) | (32.3) |
| Purchases of Investments | 0 | 0 | (2.2) | (0.1) | (1.8) | (1.8) | (3.6) | (1.2) | (1.6) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0.3 | 0.6 | 3.2 | 3.0 | 2.3 | 3.4 | 1.5 | 0 |
| Other Investing Activities | 97.6 | 415.2 | (13.4) | (0.4) | 0 | (3.0) | (2.3) | (3.4) | (1.5) | (2.0) |
| Investing Cash Flow | 76.5 | 396.1 | (121.5) | (113.0) | (156.3) | (35.4) | (143.7) | (38.1) | (47.9) | (35.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (26.5) | (360.0) | 82.8 | 80.6 | 104.4 | (20.6) | 101.6 | (64.7) | 27.6 | 25.7 |
| Stock Repurchased | (37.6) | 0 | 0 | 0 | 0 | (10.9) | (90.0) | (4.6) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (40.6) | (6.8) | (10.0) | (26.0) | (2.3) | 50.0 | (4.2) | (1.0) | 9.8 | 3.2 |
| Financing Cash Flow | (104.4) | (367.4) | 73.0 | 73.0 | 102.1 | 29.1 | 119.1 | 19.2 | 37.4 | 28.9 |
| Cash Position | ||||||||||
| Net Change in Cash | (19.9) | 77.2 | (0.4) | 5.8 | (7.4) | 17.4 | 2.0 | (0.7) | (2.8) | 3.8 |
| Cash at Beginning | 86.5 | 12.4 | 3.5 | 17.9 | 20.6 | 3.2 | 1.2 | 2.0 | 3.8 | 0.4 |
| Cash at End | 66.7 | 89.6 | 3.1 | 23.8 | 13.2 | 20.6 | 3.2 | 1.2 | 1.0 | 4.2 |
| Free Cash Flow | 3.8 | 45.4 | 20.8 | 33.4 | 38.6 | 17.8 | 23.5 | 13.6 | 5.6 | 7.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 213.2 | 229.9 | 189.7 | 187.8 | 224.1 | 150.1 | 376.3 | 323.5 | 262.6 | 199.6 |
| Gross Profit | 118.7 | 211.3 | 134.9 | 174.9 | 166.4 | 102.9 | 89.2 | 68.7 | 44.7 | 36.7 |
| Operating Income | 4.0 | 6.9 | (4.4) | (23.1) | (0.0) | 7.8 | 6.4 | 12.4 | 7.6 | 4.0 |
| Net Income | 17.9 | 113.3 | (0.8) | (17.1) | (4.5) | (0.4) | (3.0) | (6.9) | 0.9 | (2.1) |
| EPS (Diluted) | 0.56 | 4.64 | -0.07 | -0.77 | -0.22 | -0.03 | -0.29 | -0.74 | 0.12 | -0.27 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 66.7 | 86.5 | 3.1 | 3.5 | 3.6 | 15.6 | 1.1 | 0.6 | 1.0 | 3.8 |
| Total Assets | 638.4 | 730.7 | 884.4 | 770.3 | 651.8 | 403.5 | 349.3 | 175.1 | 140.0 | 100.3 |
| Total Debt | 7.8 | 38.3 | 400.6 | 305.6 | 215.8 | 90.8 | 139.3 | 36.8 | 110.8 | 83.5 |
| Stockholders' Equity | 389.6 | 379.7 | 236.7 | 218.4 | 204.8 | 155.6 | 80.1 | 39.3 | 3.1 | (9.5) |
| Cash Flow | ||||||||||
| Operating Cash Flow | 5.7 | 48.4 | 37.2 | 45.8 | 46.8 | 23.7 | 26.6 | 18.1 | 7.7 | 10.0 |
| Capital Expenditure | (1.9) | (3.0) | (16.4) | (12.4) | (8.2) | (6.0) | (3.1) | (4.5) | (2.1) | (2.9) |
| Free Cash Flow | 3.8 | 45.4 | 20.8 | 33.4 | 38.6 | 17.8 | 23.5 | 13.6 | 5.6 | 7.1 |