Welcome to our dedicated page for I3 Verticals SEC filings (Ticker: IIIV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to i3 Verticals, Inc. (NASDAQ: IIIV) SEC filings, including annual reports on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8‑K. As a public company focused on mission-critical enterprise software for public sector entities, i3 Verticals uses these filings to report its financial condition, business focus and significant corporate events.
Recent Form 8‑K filings have furnished earnings press releases for periods such as the three and nine months ended June 30, 2025, and the fiscal year ended September 30, 2025. These filings describe revenue from continuing operations, net income or loss from continuing operations, adjusted EBITDA from continuing operations, non‑GAAP adjusted diluted earnings per share and Annualized Recurring Revenue (ARR). They also explain the impact of discontinued operations related to the sale of the merchant services business and the Healthcare Revenue Cycle Management business.
Other 8‑K disclosures cover items such as changes in segment presentation, a director’s resignation, and approval of a share repurchase program for the company’s Class A common stock. Through its periodic and current reports, i3 Verticals details its focus on public sector software, its use of non‑GAAP measures, and definitions of metrics like ARR.
On Stock Titan, these IIIV SEC filings are updated in near real time from EDGAR. AI-powered summaries help explain complex sections of 10‑K and 10‑Q reports, highlight key trends in continuing and discontinued operations, and clarify non‑GAAP reconciliations. Users can also review Form 4 and other ownership-related filings to monitor insider transactions and equity activity. This page is a central resource for analyzing the regulatory record and financial reporting of i3 Verticals, Inc.
i3 Verticals, Inc. is asking stockholders to vote at its March 3, 2026 annual meeting on three items: electing eight directors for one-year terms, ratifying Deloitte & Touche LLP as independent auditor for the year ending September 30, 2026, and approving on an advisory basis the compensation of named executive officers.
For fiscal 2025, revenue from continuing operations was $213.2 million, up 11.5% from 2024. Net income from continuing operations was $5.6 million versus a $16.0 million loss in 2024, and Adjusted EBITDA from continuing operations rose to $57.5 million from $50.5 million. Annualized recurring revenue reached $165.3 million in the fourth quarter, up from $151.4 million.
The company completed the sale of its healthcare revenue cycle management business for approximately $96.3 million and acquired a utility billing software company for $9.0 million in cash plus up to $5.0 million in contingent consideration. Executive pay is structured around base salary, discretionary annual cash bonuses and long-term equity awards, with 2025 grants focused on time-based restricted stock units. The board highlights strong governance practices, independent committees and active oversight of cybersecurity and risk.
i3 Verticals director David M. Wilds reported an internal family transfer of equity interests. On 12/10/2025, 7,550 common units of i3 Verticals, LLC were transferred from his spouse to him for $24.50 per unit, with an equivalent number of associated Class B common shares moving from indirect to direct ownership at $0 per share.
After the transaction, he reports beneficial ownership of 268,207 shares of Class B common stock directly and 40,176 shares indirectly through Front Street Equities, LLC. The disclosure explains that Class B shares confer only voting rights, carry no economic ownership, and are issued one-for-one to holders of Common Units, which may be redeemed at any time for an equal number of Class A common shares or, at i3 Verticals, LLC’s election, cash equal to the volume-weighted average market price. Upon redemption, the corresponding Class B share is cancelled.
i3 Verticals, Inc. (IIIV) insider transaction: A company officer serving as President reported selling 11,347 shares of Class A common stock on 11/21/2025 in an open market transaction. The weighted average sale price was $24.21 per share, with individual trades executed between $24.00 and $24.60. After this sale, the reporting person beneficially owns 43,653 shares of Class A common stock directly. The filer notes that detailed trade-by-trade pricing within the stated range is available upon request.
i3 Verticals, Inc. (IIIV) delivers mission-critical, cloud-native enterprise software to state and local governments across the U.S. and Canada, focusing on courts, public safety, utilities, public administration, education and transportation. The company emphasizes recurring revenue, with approximately 76% of revenue from continuing operations considered recurring, largely from software and related services integrated with its proprietary payment facilitator platform.
i3 Verticals has reshaped its portfolio by selling its Merchant Services Business for approximately $439.5 million in cash in September 2024 and its Healthcare RCM Business for $96.3 million in cash in May 2025, and now reports a single public sector–focused segment. As of March 31, 2025, Class A common stock held by non‑affiliates had an aggregate market value of about $577.6 million, and as of November 20, 2025, there were 23,972,102 Class A and 8,381,681 Class B shares outstanding.
i3 Verticals, Inc. reported that it released its financial results for the three months and year ended September 30, 2025. The company announced these results through a press release that is attached as an exhibit and referenced for further details on performance and financial condition.
The company also prepared a supplemental investor presentation covering the same period, which is available as an exhibit and on its investor relations website. In addition, i3 Verticals disclosed that Burton Harvey resigned from its Board of Directors effective November 14, 2025, and stated that his resignation was not due to any disagreement with the company.
i3 Verticals, Inc. (IIIV) officer reports vesting of performance-based shares. On 11/14/2025, a performance-based restricted stock unit award for 15,000 shares of Class A common stock vested for Christopher Laisure after the Compensation Committee determined the adjusted diluted earnings per share targets were achieved. The units were originally granted on 09/02/2022, and 10,000 additional performance-based restricted stock units remain eligible to vest based on future fiscal-year performance. Following this transaction, Laisure beneficially owns 60,700 Class A shares directly, 35,185 shares through The Laisure Donor Advised Fund, and 544,714 shares through BIS HQ, GP, where he serves as President.
i3 Verticals, Inc. (IIIV)November 14, 2025 at a price of $0. These shares were delivered upon the vesting of performance-based restricted stock units that were originally granted on September 2, 2022 and tied to adjusted diluted earnings per share targets that the board’s Compensation Committee determined were achieved. Following this transaction, the officer beneficially owns 58,110 shares of Class A common stock directly. Performance-based restricted stock units covering an additional 10,000 shares remain eligible to vest based on performance in future fiscal years.
i3 Verticals, Inc. (IIIV) filed a Form 4 reporting the vesting of 15,000 performance-based restricted stock units into Class A common stock for its President. The award carried a price of $0 per share and increased the executive’s directly owned Class A common stock to 55,000 shares following the transaction. The Compensation Committee determined on November 14, 2025 that certain adjusted diluted earnings per share targets were achieved, triggering this vesting, for units originally granted on September 2, 2022. Performance-based restricted stock units tied to an additional 10,000 shares of Class A common stock remain eligible to vest based on performance in future fiscal years.
i3 Verticals, Inc. (IIIV) director and Chief Strategy Officer Clay M. Whitson reported the vesting of performance-based equity. On November 14, 2025, he acquired 15,000 shares of Class A common stock at a price of $0 per share, reflecting the settlement of performance-based restricted stock units that were originally granted on September 2, 2022. These units vested after the Compensation Committee determined that specified adjusted diluted earnings per share targets were achieved. Following this transaction, Whitson beneficially owns 81,168 shares of Class A common stock. Performance-based restricted stock units tied to an additional 10,000 shares remain eligible to vest based on future fiscal year performance.
i3 Verticals, Inc. (IIIV)