IIIV

i3 Verticals, Inc.

Technology · $345M market cap

Verdict

We can't put a fair value on IIIV right now. Every method we tried put its value at less than 20% of the share price ($1.82 vs $14.28). When our answer is that far from the market, the method most likely doesn't fit this company, so we don't publish a number.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-87.7% a year✗
Equity per share growth11.5% a year✓
Sales growth-1.2% a year✗
Free cash flow growth16.2% a year✓
Return on invested capital0.2%✗

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Superinvestors

1 of the investors we track holds IIIV. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: First Eagle Investment Management

About i3 Verticals, Inc.

i3 Verticals, Inc. (IIIV) delivers comprehensive payment and software solutions, catering to the operational needs of small and medium-sized businesses, as well as various organizations within the education, non-profit, public sector, and healthcare industries across the United States. The company's operations are divided into two primary divisions: Merchant Services, and Proprietary Software and Payments. Through…

Software - Infrastructure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works