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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, US
Websitei3verticals.com
Employee Ratings3
Culture scoreA+

Latest Updates

Employees (est.) (Sept 2019)542(+61%)
Job Openings3
Revenue (FY, 2019)$376.3 M(+17%)
Share Price (May 2020)$28.4 (-1%)

i3 Verticals Office Locations

i3 Verticals has offices in Nashville, Blue Ash, Centennial, New York and in 1 other location
Nashville, US (HQ)
40 Burton Hills Blvd #415
Blue Ash, US
4455 Carver Woods Dr #110
Centennial, US
Tower 2, 12835 E Arapahoe Rd Suite 500
New York, US
60 Broad St #2408
Santa Barbara, 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 (Q2, 2020)

39.2m

Gross profit (Q2, 2020)

39.2m

Gross profit margin (Q2, 2020), %

100%

Net income (Q2, 2020)

1.9m

EBIT (Q2, 2020)

2.0m

Market capitalization (20-May-2020)

778.2m

Closing stock price (20-May-2020)

28.4

Cash (31-Mar-2020)

1.6m

EV

899.9m
i3 Verticals's current market capitalization is $778.2 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, 2020

Revenue

84.5m84.9m97.5m41.1m39.2m

Cost of goods sold

55.7m55.8m63.3m

Gross profit

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

Gross profit Margin, %

34%34%35%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, 2020

Cash

2.5m1.4m1.5m335.0k1.6m

Accounts Receivable

8.0m11.7m13.2m14.4m13.5m

Prepaid Expenses

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

Current Assets

13.2m16.8m20.1m19.8m19.8m
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, 2020

Net Income

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

Depreciation and Amortization

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

Accounts Payable

724.0k(726.0k)(755.0k)2.5m960.0k(110.0k)

Cash From Operating Activities

15.0m6.1m11.4m16.3m7.5m8.8m
USDY, 2020

EV/EBIT

440.9 x

EV/CFO

101.7 x

Financial Leverage

2.1 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

22 22 24 24

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 Online and Social Media Presence

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i3 Verticals Company Culture

  • Overall Culture

    A+

    95/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

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. 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

i3 Verticals Reports Second Quarter 2019 Financial Results

Announces Education Acquisition and New Credit Facility Announces Education Acquisition and New Credit Facility
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i3 Verticals Blogs

i3 Verticals to Participate in the Raymond James Technology Investors Conference

NASHVILLE, Tenn. , Dec. 04, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) announced today that its management will participate in the Raymond James Technology Investors Conference to be held December 9 - 11, 2019 , in New York . The Company also announced that a live webcast of the

i3 Verticals Reports Fourth Quarter And Full Fiscal Year 2019 Financial Results

Provides Financial Outlook for Fiscal 2020 NASHVILLE, Tenn. , Nov. 21, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal fourth quarter and year ended September 30, 2019 .

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

NASHVILLE, Tenn. , Nov. 11, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”), announced today that it will release its financial results for the fourth quarter ended September 30, 2019 , on Thursday, November 21, 2019 , after the Nasdaq market close.

i3 Verticals to Participate in the Raymond James 40th Annual Institutional Investors Conference

NASHVILLE, Tenn. , Feb. 26, 2019 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) announced today that its management will participate in the Raymond James 40 th Annual Institutional Investors Conference to be held March 3 – 6, 2019, in Orlando, Florida .

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

NASHVILLE, Tenn. , Jan. 30, 2019 (GLOBE NEWSWIRE) -- 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, 2018 , on Wednesday, February 13, 2019 , after the Nasdaq market close.

i3 Verticals Announces Earnings Release and Conference Call Dates for the Fourth Quarter of Fiscal 2018

i3 Verticals Announces Earnings Release and Conference Call Dates for the Fourth Quarter of Fiscal 2018 Content Import Thu, 11/15/2018 - 07:04 i3 Verticals Announces Earnings Release and Conference Call Dates for the Fourth Quarter of Fiscal 2018 November 15, 2018 …
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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, Fawry and Novatti.

  • 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.