OverviewSuggest Edit

i3 Verticals provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets. The Company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support. Its payment processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The Company also licenses software; and provides ongoing support, and other POS-related solutions.

TypePublic
Founded2012
HQNashville, TN, US
Websitei3verticals.com
Employee Ratings3.6
Overall CultureA+

Latest Updates

Employees (est.) (Sept 2019)542(+61%)
Job Openings38
Revenue (FY, 2019)$376.3 M(+17%)
Share Price (Sept 2021)$28.5
Cybersecurity ratingBMore

i3 Verticals Office Locations

i3 Verticals has offices in Nashville, Blue Ash, Centennial, New York and in 1 other location
Nashville, TN, US (HQ)
40 Burton Hills Blvd #415
Blue Ash, OH, US
4455 Carver Woods Dr #110
Centennial, CO, US
Tower 2, 12835 E Arapahoe Rd Suite 500
New York, NY, US
60 Broad St #2408
Santa Barbara, CA, US
120 El Paseo
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i3 Verticals Financials and Metrics

i3 Verticals Revenue

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i3 Verticals's revenue was reported to be $376.31 m in FY, 2019
USD

Revenue (Q1, 2021)

43.3m

Net income (Q1, 2021)

(4.1m)

EBIT (Q1, 2021)

(2.3m)

Market capitalization (6-Sept-2021)

626.8m

Closing stock price (6-Sept-2021)

28.5

Cash (31-Dec-2020)

10.9m

EV

768.5m
i3 Verticals's current market capitalization is $626.8 m.
Annual
USDFY, 2018FY, 2019

Revenue

323.5m376.3m

Cost of goods sold

214.5m242.9m

Gross profit

109.0m133.4m

Gross profit Margin, %

34%35%
Quarterly
USDQ3, 2018Q1, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

84.5m84.9m97.5m41.1m39.2m31.6m43.3m

Cost of goods sold

55.7m55.8m63.3m

Gross profit

28.8m29.0m34.2m41.1m39.2m31.6m

Gross profit Margin, %

34%34%35%100%100%100%
Annual
USDFY, 2018FY, 2019

Cash

572.0k1.1m

Accounts Receivable

12.5m15.3m

Prepaid Expenses

2.6m4.1m

Current Assets

16.6m20.6m
Quarterly
USDQ3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

2.5m1.4m1.5m335.0k1.6m9.1m10.9m

Accounts Receivable

8.0m11.7m13.2m14.4m13.5m16.4m23.8m

Prepaid Expenses

2.3m3.2m4.9m5.0m4.7m5.8m9.7m

Current Assets

13.2m16.8m20.1m19.8m19.8m31.3m44.5m
Annual
USDFY, 2018FY, 2019

Net Income

(5.0m)563.0k

Depreciation and Amortization

11.8m16.6m

Accounts Payable

1.2m(1.8m)

Cash From Operating Activities

18.1m26.6m
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(7.8m)2.4m1.1m536.0k1.9m3.9m1.0m(4.1m)

Depreciation and Amortization

8.9m3.6m7.5m11.9m4.7m9.2m13.7m5.1m

Accounts Payable

724.0k(726.0k)(755.0k)2.5m960.0k(110.0k)989.0k2.5m

Cash From Operating Activities

15.0m6.1m11.4m16.3m7.5m8.8m10.1m12.0m
USDQ3, 2018

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.5 x
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i3 Verticals Operating Metrics

i3 Verticals's Enterprise Customers was reported to be 24 in H1, 2018.
FY, 2016H1, 2017FY, 2017H1, 2018

Enterprise Customers

22222424

Gross Payment Volume

$8.14 b$4.87 b$10.27 b$5.59 b
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i3 Verticals Acquisitions / Subsidiaries

Company NameDateDeal Size
NET Data CorporationApril 08, 2019$24 m
iGov SolutionsFebruary 28, 2019
CSC LinksFebruary 01, 2017
Randall Data SystemsFebruary 01, 2017
Bill & PayApril 26, 2016
Esber Cash RegisterApril 19, 2016
PlaceDecember 31, 2014
Trust One Payment Services , Inc.June 02, 2013
CP-DBS
CP-PS
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i3 Verticals Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

i3 Verticals Online and Social Media Presence

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i3 Verticals Company Culture

  • Overall Culture

    A+

    97/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

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i3 Verticals News and Updates

i3 Verticals, Inc. Announces Pricing of Exchangeable Notes Offering

NASHVILLE, Tenn., Feb. 12, 2020 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”) announced today that i3 Verticals, LLC (the “Issuer”), a subsidiary of the Company, has priced its previously announced offering of $120 million aggregate principal amount of 1.00% exchangeable se…

i3 Verticals Reports Third Quarter 2019 Financial Results

Public Sector Vertical Drives Outperformance Public Sector Vertical Drives Outperformance

i3 Verticals Announces Earnings Release and Conference Call Dates for the Third Quarter of Fiscal 2019

NASHVILLE, Tenn., July 26, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”), announced today that it will release its financial results for the third quarter ended June 30, 2019, on Thursday, August 8, 2019, after the Nasdaq market close.

i3 Verticals, Inc. Prices Follow-On Offering

NASHVILLE, Tenn., June 05, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”) today announced the pricing of its follow-on public offering of 4,491,763 shares of Class A common stock at $22.75 per share, pursuant to a registration statement filed on Form S-1 with the Securi…

i3 Verticals, Inc. Launches Follow-on Offering

NASHVILLE, Tenn., June 03, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”) today announced a proposed follow-on public offering of 4,491,763 shares of Class A common stock, pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission…

i3 Verticals Completes Pace Acquisition

Updates Guidance for Fiscal 2019 Updates Guidance for Fiscal 2019
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i3 Verticals Blogs

i3 Verticals Reports Third Quarter 2021 Financial Results

Raises 2021 Outlook NASHVILLE, Tenn. --(BUSINESS WIRE)--Aug. 9, 2021-- i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal third quarter ended June 30, 2021 . Highlights for the fiscal third quarter and nine months ended June 30,

i3 Verticals Announces Earnings Release and Conference Call Dates for the Third Quarter of Fiscal 2021

i3 Verticals Announces Earnings Release and Conference Call Dates for the Third Quarter of Fiscal 2021 Content Import Mon, 07/26/2021 - 11:01 i3 Verticals Announces Earnings Release and Conference Call Dates for the Third Quarter of Fiscal 2021 July 26, 2021 T…

i3 Verticals Announces Earnings Release And Conference Call Dates For The Second Quarter Of Fiscal 2021

i3 Verticals Announces Earnings Release And Conference Call Dates For The Second Quarter Of Fiscal 2021 Content Import Wed, 04/28/2021 - 15:35 i3 Verticals Announces Earnings Release And Conference Call Dates For The Second Quarter Of Fiscal 2021 April 28, 2021 …

i3 Verticals Reports Two Acquisitions and Inducement Equity Grants

NASHVILLE, Tenn. --(BUSINESS WIRE)--Apr. 5, 2021-- i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”), today announced the April 1 acquisition of two software companies that further strengthen its focus in the Company’s Healthcare vertical. The first acquisition is of a business based in the upper

i3 Verticals Reports Public Sector Acquisition

i3 Verticals Reports Public Sector Acquisition Content Import Fri, 02/05/2021 - 16:51 i3 Verticals Reports Public Sector Acquisition February 5, 2021 This release is a backfill from a News Wire General Intends to Issue Fiscal 2021 Gu…

i3 Verticals Announces Earnings Release And Conference Call Dates For The First Quarter Of Fiscal 2021

NASHVILLE, Tenn. , Jan. 25, 2021 /PRNewswire/ --  i3 Verticals, Inc. (Nasdaq: IIIV) (" i3 Verticals " or the "Company"), announced today that it will release its financial results for the first quarter ended December 31, 2020 , on Monday, February 8, 2021 , after the Nasdaq market close.
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i3 Verticals Frequently Asked Questions

  • When was i3 Verticals founded?

    i3 Verticals was founded in 2012.

  • How many employees does i3 Verticals have?

    i3 Verticals has 542 employees.

  • What is i3 Verticals revenue?

    Latest i3 Verticals annual revenue is $376.3 m.

  • What is i3 Verticals revenue per employee?

    Latest i3 Verticals revenue per employee is $694.3 k.

  • Who are i3 Verticals competitors?

    Competitors of i3 Verticals include Edenred, Bridge and PayoLee.

  • Where is i3 Verticals headquarters?

    i3 Verticals headquarters is located at 40 Burton Hills Blvd #415, Nashville.

  • Where are i3 Verticals offices?

    i3 Verticals has offices in Nashville, Blue Ash, Centennial, New York and in 1 other location.

  • How many offices does i3 Verticals have?

    i3 Verticals has 5 offices.