Financial Snapshot

Revenue
$303.4M
TTM
Gross Margin
90.66%
TTM
Net Earnings
$113.3M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
93.12%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$515.4M
Q3 2024
Cash
Q3 2024
P/E
7.265
Nov 29, 2024 EST
Free Cash Flow
$36.47M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $229.9M $370.2M $317.9M $224.1M $150.1M $376.3M $323.5M $262.6M $199.6M
YoY Change -37.9% 16.48% 41.82% 49.28% -60.1% 16.32% 23.21% 31.52%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $229.9M $370.2M $317.9M $224.1M $150.1M $376.3M $323.5M $262.6M $199.6M
Cost Of Revenue $18.57M $80.55M $73.37M $0.00 $0.00 $242.9M $214.5M $189.1M $141.0M
Gross Profit $211.4M $333.3M $282.7M $195.3M $123.4M $106.9M $83.18M $56.76M $45.57M
Gross Profit Margin 91.92% 90.03% 88.95% 87.16% 82.16% 28.4% 25.71% 21.62% 22.83%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $176.4M $219.7M $193.8M $134.9M $78.32M $62.86M $40.59M $27.19M $20.39M
YoY Change -19.73% 13.39% 43.68% 72.2% 24.6% 54.88% 49.24% 33.35%
% of Gross Profit 83.46% 65.92% 68.54% 69.05% 63.5% 58.82% 48.79% 47.91% 44.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.80M $36.46M $29.42M $24.42M $18.22M $16.56M $11.84M $10.09M $9.898M
YoY Change -21.02% 23.92% 20.5% 34.04% 9.98% 39.91% 17.39% 1.89%
% of Gross Profit 13.62% 10.94% 10.41% 12.5% 14.77% 15.5% 14.23% 17.77% 21.72%
Operating Expenses $176.4M $219.7M $193.8M $134.9M $78.32M $62.86M $40.59M $27.19M $20.39M
YoY Change -19.73% 13.39% 43.68% 72.2% 24.6% 54.88% 49.24% 33.35%
Operating Profit $6.854M $22.71M -$2.444M -$12.00K $7.773M $6.390M $12.36M $7.600M $3.963M
YoY Change -69.82% -1029.17% 20266.67% -100.15% 21.64% -48.31% 62.64% 91.77%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$29.26M -$25.13M -$14.78M -$9.799M -$8.900M -$6.000M -$8.500M -$6.900M -$5.900M
YoY Change 16.46% 70.07% 50.78% 10.1% 48.33% -29.41% 23.19% 16.95%
% of Operating Profit -426.95% -110.65% -114.5% -93.9% -68.76% -90.79% -148.88%
Other Income/Expense, Net -$25.87M -$26.56M -$15.77M -$7.204M -$11.55M -$6.004M -$16.99M -$6.521M -$5.813M
YoY Change -2.62% 68.49% 118.85% -37.61% 92.32% -64.65% 160.47% 12.18%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$19.01M -$3.855M -$18.21M -$7.216M -$3.774M $386.0K -$4.624M $1.079M -$1.850M
YoY Change 393.23% -78.83% 152.36% 91.2% -1077.72% -108.35% -528.54% -158.32%
Income Tax -$5.668M -$1.203M $5.007M $623.0K -$2.795M -$177.0K $337.0K $177.0K $243.0K
% Of Pretax Income -45.85% 16.4%
Net Earnings $113.3M -$811.0K -$17.10M -$4.457M -$419.0K -$3.045M -$6.898M $902.0K -$2.093M
YoY Change -14075.46% -95.26% 283.71% 963.72% -86.24% -55.86% -864.75% -143.1%
Net Earnings / Revenue 49.3% -0.22% -5.38% -1.99% -0.28% -0.81% -2.13% 0.34% -1.05%
Basic Earnings Per Share -$0.04 -$0.77 -$0.21 -$0.03 -$0.29 $0.08
Diluted Earnings Per Share $4.83 -$0.07 -$0.77 -$0.22 -$0.03 -$0.29 $0.08 $35.57K -$83.00K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $86.54M $3.112M $3.490M $3.641M $15.60M $1.100M $600.0K $1.000M $3.800M
YoY Change 2680.88% -10.83% -4.15% -76.66% 1318.18% 83.33% -40.0% -73.68%
Cash & Equivalents $86.54M $3.112M $3.490M $3.641M $15.60M $1.100M $600.0K $1.000M $3.800M
Short-Term Investments
Other Short-Term Assets $8.246M $13.18M $26.99M $13.76M $4.900M $4.100M $3.500M $6.300M $5.600M
YoY Change -37.44% -51.16% 96.08% 180.86% 19.51% 17.14% -44.44% 12.5%
Inventory $2.423M $4.138M $4.121M $2.220M $1.300M
Prepaid Expenses
Receivables $55.99M $65.11M $53.33M $38.50M $17.50M $15.30M $12.50M $8.400M $6.200M
Other Receivables $195.0K $4.000K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $153.4M $85.54M $83.81M $58.12M $38.00M $20.60M $16.60M $15.70M $15.60M
YoY Change 79.31% 2.07% 44.19% 52.96% 84.47% 24.1% 5.73% 0.64%
Property, Plant & Equipment $17.63M $26.23M $23.35M $20.38M $5.300M $5.000M $3.000M $1.400M $1.600M
YoY Change -32.78% 12.34% 14.56% 284.55% 6.0% 66.67% 114.29% -12.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.57M $70.63M $61.26M $67.98M $47.00M $32.50M $2.300M $1.300M $800.0K
YoY Change -18.49% 15.3% -9.89% 44.63% 44.62% 1313.04% 76.92% 62.5%
Total Long-Term Assets $577.3M $795.9M $686.5M $593.7M $365.5M $328.7M $158.5M $124.3M $84.70M
YoY Change -27.47% 15.94% 15.64% 62.43% 11.2% 107.38% 27.51% 46.75%
Total Assets $730.7M $881.5M $770.3M $651.8M $403.5M $349.3M $175.1M $140.0M $100.3M
YoY Change
Accounts Payable $5.370M $11.06M $9.342M $7.865M $3.800M $3.400M $4.100M $1.600M $2.000M
YoY Change -51.46% 18.43% 18.78% 106.97% 11.76% -17.07% 156.25% -20.0%
Accrued Expenses $91.93M $23.55M $62.40M $35.89M $14.10M $14.70M $5.900M $4.100M $4.500M
YoY Change 290.33% -62.26% 73.87% 154.53% -4.08% 149.15% 43.9% -8.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.22M $0.00 $0.00 $5.000M $4.000M $5.000M
YoY Change -100.0% 25.0% -20.0%
Total Short-Term Liabilities $164.7M $93.46M $111.3M $96.51M $38.90M $35.20M $26.40M $20.20M $20.30M
YoY Change 76.26% -16.0% 15.28% 148.1% 10.51% 33.33% 30.69% -0.49%
Long-Term Debt $0.00 $385.1M $287.0M $200.6M $90.80M $139.3M $31.80M $106.8M $78.50M
YoY Change -100.0% 34.17% 43.08% 120.93% -34.82% 338.05% -70.22% 36.05%
Other Long-Term Liabilities $39.18M $55.01M $64.35M $61.81M $31.50M $32.30M $4.700M $2.100M $3.900M
YoY Change -28.77% -14.51% 4.1% 96.23% -2.48% 587.23% 123.81% -46.15%
Total Long-Term Liabilities $39.18M $440.1M $351.4M $262.4M $122.3M $171.6M $36.50M $108.9M $82.40M
YoY Change -91.1% 25.25% 33.9% 114.57% -28.73% 370.14% -66.48% 32.16%
Total Liabilities $350.9M $644.7M $551.9M $447.0M $247.9M $269.2M $135.8M $129.1M $102.8M
YoY Change -45.57% 16.82% 23.46% 80.33% -7.91% 98.23% 5.19% 25.58%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 23.14M shares 22.25M shares 20.99M shares 14.83M shares 10.49M shares 8.813M shares
Diluted Shares Outstanding 33.25M shares 22.25M shares 31.71M shares 27.43M shares 10.49M shares 26.87M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $823.42 Million

About i3 Verticals, Inc.

i3 Verticals, Inc. is a holding company, which engages in the provision of payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. The company is headquartered in Nashville, Tennessee and currently employs 1,663 full-time employees. The company went IPO on 2018-06-21. The firm delivers integrated software to customers in strategic vertical markets. The firm creates and acquires software products to serve the specific needs of public and private organizations in its strategic verticals. The company delivers integrated software and payment solutions to customers in strategic vertical markets. This is accomplished through the Software and Services segment. The Software and Services segment delivers vertical market software solutions to customers across all the Company's strategic vertical markets. These solutions include embedded payments or other recurring services.

Industry: Services-Business Services, NEC Peers: CASS INFORMATION SYSTEMS INC CONDUENT Inc Paya Holdings Inc. International Money Express, Inc. IBEX Ltd MONEYGRAM INTERNATIONAL INC Repay Holdings Corp VISA INC.