I3 Verticals Stock Price, News & Analysis

i3 Verticals (IIIV) reported strong Q2 2025 financial results with notable strategic changes. The company achieved Q2 revenue of $63.1 million, up 8.8% year-over-year, and adjusted EBITDA of $17.1 million, increasing 12.7%. The company completed two significant transactions: the acquisition of a utility billing software company for $9.0 million on April 1, 2025, and the sale of its Healthcare Revenue Cycle Management business to Infinx for $96.0 million on May 5, 2025. The company's Annualized Recurring Revenue (ARR) grew 6.5% to $199.1 million. Following these strategic moves, i3 Verticals revised its FY2025 outlook, now expecting revenue between $207-217 million and adjusted EBITDA of $55-61 million, as it focuses exclusively on public sector enterprise software solutions.

i3 Verticals (NASDAQ: IIIV) has announced the sale of its Healthcare Revenue Cycle Management (RCM) business to Infinx for $96 million in an all-cash transaction. The strategic divestment allows i3 Verticals to streamline its operations and focus exclusively on its Public Sector vertical, particularly the K-12 public education markets. The company's leadership believes this focused approach will maximize growth potential and service quality. For Infinx, the acquisition brings valuable expertise in Academic Medical Centers and established customer relationships, which will be integrated with their AI-powered RCM solutions. The transaction has already closed and is subject to post-closing price adjustments.

i3 Verticals (Nasdaq: IIIV) has scheduled its second quarter fiscal 2025 financial results announcement for Thursday, May 8, 2025, after Nasdaq market close. The company will host a conference call to discuss the results on Friday, May 9, 2025, at 8:30 a.m. ET.

Interested participants can access the call by dialing (844) 887-9399 approximately 10 minutes before the start. A replay will be available from 11:30 a.m. ET on May 9 through May 16, 2025, via (877) 344-7529 using confirmation code 5899364. The webcast can be accessed through the 'Investors' section on i3verticals.com, with the online replay available for 30 days.

i3 Verticals (NASDAQ:IIIV) has launched its JusticeTech® solution in West Virginia through the implementation of the West Virginia Public Access Search System (WVPASS). The system enables citizens across all 55 counties to search and download publicly available circuit court case information dating back to 1999 through computers or mobile devices, eliminating the need for in-person courthouse visits.

The platform provides access to both civil and criminal records from circuit court proceedings, advancing the company's commitment to delivering innovative software solutions for government efficiency and accessibility. Dave Graves, EVP of JusticeTech®, emphasized the partnership's role in helping digitize records and enhance public transparency.

i3 Verticals (IIIV) reported strong fiscal Q1 2025 results with revenue reaching $61.7 million, up 12.1% year-over-year. The company achieved a net income of $3.3 million, compared to a $4.2 million loss in the previous year. Adjusted EBITDA grew 17% to $16.4 million, with margins improving to 26.5% from 25.4%.

The company's SaaS revenue increased 16% year-over-year, while payments revenue grew 7%. Annualized Recurring Revenue (ARR) reached $193.3 million, showing 7.6% growth. The company maintained strong financial health with a consolidated interest coverage ratio of 3.7x and a total leverage ratio of 0.1x.

i3 Verticals reiterated its fiscal 2025 guidance, projecting revenue between $243-263 million and adjusted EBITDA of $63-71.5 million. The company expects pro forma adjusted diluted earnings per share between $1.05-$1.25.

i3 Verticals (Nasdaq: IIIV) has announced its upcoming first quarter fiscal 2025 earnings release schedule. The company will release financial results for the quarter ended December 31, 2024, on Thursday, February 6, 2025, after the Nasdaq market close.

A conference call to discuss the results is scheduled for Friday, February 7, 2025, at 8:30 a.m. ET. Investors can participate via telephone by dialing (844) 887-9399 approximately 10 minutes before the call. A replay will be available from 11:30 a.m. ET on February 7 through February 14, 2025, at (877) 344-7529 using Confirmation Code 5368210. Alternatively, participants can access the live webcast through the 'Investors' section of i3verticals.com, with the replay available for 30 days.

i3 Verticals (NASDAQ: IIIV) has secured a new contract with Saskatchewan Province to provide motor carrier services, expanding its Public Sector presence in Canada. As an International Registration Plan (IRP) partner, Saskatchewan will utilize i3 Verticals' platform for IRP registration, credentialing, and fee apportionment. The software includes built-in capabilities for weight group, fleet, vehicle, and distance management in a compliant system designed to enhance operational efficiency.

i3 Verticals (NASDAQ: IIIV) has announced the successful launch of its ePortal self-service solution for the City of Phoenix Water Services Department, Arizona's largest municipal water utility serving over 1.7 million customers. The ePortal provides customers with a mobile-first platform to manage accounts, pay bills, monitor water usage, and access water conservation tools.

The implementation represents a significant expansion of i3 Verticals' presence in the Public Sector vertical, strengthening its position in providing digital customer engagement solutions for utilities. Ram Kasarla, Executive VP of Enterprise Utilities at i3 Verticals, highlighted the solution's role in empowering customers and streamlining water management operations.

i3 Verticals (IIIV) reported Q4 and full fiscal year 2024 results, with Q4 revenue reaching $60.9 million, up 3.9% year-over-year, and full-year revenue at $229.9 million, a 1.4% increase. Q4 net income from continuing operations was $7.0 million, compared to a loss of $1.2 million in Q4 2023. The company's Annualized Recurring Revenue (ARR) grew 7.5% to $188.2 million. For fiscal 2025, i3 Verticals expects revenue between $243-263 million and adjusted EBITDA of $63-71.5 million, maintaining its previous guidance.