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.
i3 Verticals, Inc. filings document the public-company reporting record for a Nasdaq-listed public-sector software provider. Form 8-K reports furnish quarterly and annual operating results, financial condition information and Regulation FD supplemental presentations tied to continuing operations and recurring-revenue metrics.
The company’s proxy and annual meeting disclosures cover board elections, auditor ratification, executive compensation matters and stockholder voting for Class A and Class B common stock. Other filings and current reports address capital-structure actions such as Class A common stock repurchase programs, governance changes and material events affecting the company’s reporting obligations.
i3 Verticals Chief Revenue Officer Paul Christians reported routine equity compensation activity. On February 10, 2026, he was granted 135,000 stock options with an exercise price of $23.09 per share, vesting in five equal annual installments starting on the first anniversary of the grant.
On February 11, 2026, 3,878 shares of Class A common stock were withheld to cover taxes upon vesting of 10,000 restricted stock units originally granted on February 11, 2025. After these transactions, he directly beneficially owned 37,372 shares of Class A common stock and 135,000 stock options.
i3 Verticals, Inc. executive Christopher Laisure reported equity compensation and related tax withholding transactions. On February 11, 2026, 2,456 shares of Class A common stock were withheld at $21.88 per share to cover taxes upon vesting of 5,500 restricted stock units originally granted on February 11, 2025.
On February 10, 2026, Laisure received a grant of 135,000 stock options with a $23.09 exercise price, expiring on February 10, 2036. These options vest in five equal annual installments, subject to his continued service. Following these transactions, he holds 52,341 shares directly, and additional Class A shares are held indirectly through BIS HQ, GP and The Laisure Donor Advised Fund.
i3 Verticals, Inc. director David K. Morgan reported receiving a grant of 6,496 shares of Class A common stock in the form of restricted stock units at a price of $0 per share. After this award, he beneficially owns 20,372 Class A shares directly. The restricted stock units will vest in full on the first anniversary of the grant date, as long as he continues serving with the company.
i3 Verticals, Inc. director Decosta Jenkins reported an equity grant. On 02/10/2026, Jenkins acquired 6,496 shares of Class A common stock at a price of $0.00 per share through a grant or award. Following this transaction, Jenkins directly beneficially owned 10,372 shares.
The acquired shares reflect restricted stock units that will vest in full on the first anniversary of the grant date, provided Jenkins continues to serve with the company through that date. This filing details an equity-based compensation award rather than an open-market purchase or sale.
A holder of IIIV common stock has filed a notice to sell shares under Rule 144. The filing covers the planned sale of 3,393 common shares through Morgan Stanley Smith Barney LLC on or after 02/06/2026 on the NASDAQ market.
The shares have an indicated aggregate market value of $71,154.60 and were acquired on 02/06/2026 via a stock option exercise paid in cash. The filing notes that the person selling the securities represents they are not aware of undisclosed material adverse information about the issuer.
i3 Verticals, Inc. reported quarterly revenue of $52.7 million for the three months ended December 31, 2025, essentially flat versus $52.2 million a year earlier. Net income fell to $0.9 million from $3.1 million as operating income and discontinued operations both declined.
Continuing operations generated $1.6 million of operating income and $1.1 million of net income, while discontinued operations, primarily the previously sold Healthcare and Merchant Services businesses, produced a small net loss. Operating cash flow improved to $14.1 million, but cash and equivalents decreased to $37.5 million due to heavy capital returns.
The company repurchased 1.52 million Class A shares for $38.3 million under its 2025 program, significantly reducing additional paid-in capital and total equity. Earlier divestitures of the Healthcare and Merchant Services businesses brought in cash proceeds of $96.3 million and $439.5 million, respectively, and their results are now reported as discontinued operations.
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.
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.