i3 Verticals (NASDAQ: IIIV) launches new $60M stock buyback plan

Rhea-AI Filing Summary

i3 Verticals, Inc. approved a new share repurchase program for its Class A common stock, authorizing buybacks of up to $60 million of outstanding shares. The program replaces a prior authorization that has been fully used and will end on the earlier of February 4, 2027 or when the full amount is spent.

Repurchases may occur in the open market, through privately negotiated transactions, or via Rule 10b5-1 plans, subject to market conditions, liquidity, credit facility covenants, and securities law requirements. The company also released a press release and supplemental investor presentation covering results for the three months ended December 31, 2025.

Insights

Equity Capital Markets Analyst

i3 Verticals adds a flexible $60M stock buyback authorization.

i3 Verticals authorized a new Class A common stock repurchase program of up to $60 million. This replaces a prior program whose capacity has been fully used, suggesting continued willingness to return capital through buybacks, subject to available cash and other constraints.

The authorization runs until the earlier of February 4, 2027 or when the full amount is deployed. Repurchases can be executed in the open market, privately negotiated deals, or under Rule 10b5-1 plans, giving flexibility across trading conditions and liquidity windows.

Actual impact will depend on how aggressively management uses the authorization given market conditions, liquidity, cash flow, and credit facility covenants referenced as gating factors. Near-term disclosures in earnings releases and future reports may indicate the pace and scale of repurchases under this program.

0001728688FALSE00017286882026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549  

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 5, 2026

i3 Verticals, Inc.

(Exact name of registrant as specified in its charter)  

 

Delaware

001-38532

82-4052852

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

40 Burton Hills Blvd., Suite 415 Nashville, TN

37215

(Address of principal executive offices)

(Zip Code)

(615) 465-4487

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, $0.0001 Par Value			IIIV			Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company.  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

As provided in General Instruction B.2 of Form 8-K, the information contained in Item 2.02 and 7.01 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 hereto) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 2.02.    Results of Operations and Financial Condition.

On February 5, 2026, i3 Verticals, Inc. (the “Company”) issued a press release announcing the results of its operations for the three months ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is hereby incorporated by reference into this Item 2.02.

Item 7.01.    Regulation FD Disclosure.

The Company has also prepared a supplemental presentation (the “Supplemental Presentation”) providing certain supplemental financial information for the three months ended December 31, 2025. A copy of the Supplemental Presentation is furnished as Exhibit 99.2 hereto and is hereby incorporated by reference into this Item 7.01. A copy of the Supplemental Presentation is also available on the Investors section of the Company’s website, www.i3verticals.com.

Item 8.01. Other Events.

On February 5, 2026, the Company’s Board of Directors approved a new share repurchase program for the Company’s Class A common stock, under which the Company may repurchase up to $60 million of outstanding shares of Class A common stock (exclusive of fees, commissions or other expenses related to such repurchases). This new share purchase program replaces the Company’s prior share repurchase program under which the maximum dollar amount under the authorization has been expended.

This share repurchase program will terminate on the earlier of February 4, 2027, or when the maximum dollar amount under the authorization has been expended. Pursuant to this authorization, repurchases may be made from time to time in the open market, through privately negotiated transactions, or otherwise, including under Rule 10b5-1 plans. In addition, any repurchases under this share repurchase program will be subject to prevailing market conditions, liquidity and cash flow considerations, applicable securities laws requirements (including under Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as applicable), compliance with contractual restrictions under the Company’s credit facility, and other factors. This share repurchase program does not require the Company to acquire any particular amount of shares of Class A common stock, and may be extended, modified, suspended or discontinued at any time at the Company’s discretion.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.						Description
99.1						Press release issued by i3 Verticals, Inc. on February 5, 2026
99.2						Supplemental Presentation
104						Cover Page Interactive Date File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 5, 2026

i3 VERTICALS, INC.
By:						/s/ Geoff Smith
Name:						Geoff Smith
Title:						Chief Financial Officer
						(Principal Financial Officer and Principal Accounting Officer)

FAQ

What did i3 Verticals (IIIV) announce in its latest 8-K?

i3 Verticals announced a new Class A common stock repurchase program authorizing buybacks of up to $60 million. The company also furnished a press release and a supplemental investor presentation covering financial results for the three months ended December 31, 2025.

How large is i3 Verticals' new share repurchase program?

The new i3 Verticals share repurchase program authorizes up to $60 million of Class A common stock repurchases. This amount is stated exclusive of any fees, commissions, or other expenses related to executing the repurchases.

When does the i3 Verticals (IIIV) $60 million buyback program expire?

The share repurchase program will terminate on the earlier of February 4, 2027 or when the full $60 million authorization has been expended. The company may also extend, modify, suspend, or discontinue the program at its discretion.

How can i3 Verticals repurchase shares under the new program?

i3 Verticals may repurchase Class A common stock in the open market, through privately negotiated transactions, or via Rule 10b5-1 trading plans. All repurchases are subject to market conditions, liquidity, cash flow, and applicable securities laws.

Is i3 Verticals required to repurchase the full $60 million of stock?

No. The program does not require i3 Verticals to acquire any particular amount of shares. Management may extend, modify, suspend, or discontinue repurchases at any time based on conditions and internal considerations.

What other information did i3 Verticals provide about recent results?

i3 Verticals issued a press release and a supplemental presentation with financial information for the three months ended December 31, 2025. These materials were furnished as Exhibits 99.1 and 99.2 and posted on the company’s investor website.