The filing is a routine investor presentation with no new guidance or material developments. The 12% ARR growth and 29% EBITDA margin are solid but already reflected in prior disclosures. Monitor the upcoming 10-Q for full quarterly details and any guidance updates from the conference appearances.
Price Chart
Executive Summary
i3 Verticals posted a Q2 FY2026 investor presentation showing total revenue of $57.5M (+6% YoY), ARR of $183.5M (+12% YoY), and adjusted EBITDA of $16.6M (29% margin). The presentation is being used at two investor conferences and contains no new guidance or material non-public information.
Key Facts
- Q2 FY2026 (March 31, 2026) total revenue from continuing operations: $57.5M, up 6% YoY from $54.1M
- Annualized Recurring Revenue (ARR) of $183.5M, up 12% YoY from $164.5M
- Adjusted EBITDA from continuing operations: $16.6M (29% margin), up 5% YoY from $15.8M
- Recurring revenue of $45.9M represented 80% of total revenue
- Free cash flow of $10.9M with 66% conversion rate
- Adjusted diluted EPS from continuing operations: $0.32 vs $0.29 in prior year quarter
- Leverage ratio of 1.22x; ~16% of shares bought back through March 31, 2026
- Presentation being used at Baird 2026 Global Consumer, Technology & Services conference (June 3) and Davidson Technology Consumer Conference (June 11)
Financial Impact
Revenue +6% YoY to $57.5M; ARR +12% YoY to $183.5M; Adj. EBITDA +5% YoY to $16.6M
Risk Factors
- Non-recurring revenue declined 11% YoY, indicating lumpy professional services and license revenue
- Corporate expenses grew 19% YoY, outpacing revenue growth
- Share count declined significantly (30.6M adjusted diluted shares vs 33.5M a year ago) due to buybacks, which boosted per-share metrics
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001728688-26-000037 |
| Document: iiiv-20260602.htm | 0001728688-26-000037 |
| Document: 0001728688-26-000037-index-headers.html | 0001728688-26-000037 |
| Document: 0001728688-26-000037-index.html | 0001728688-26-000037 |
| Document: 0001728688-26-000037.txt | 0001728688-26-000037 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | SC 13G/A | $17.07 $16.94 | ▲ +0.76% | ▲ +1.29% | $17.11 (−0.23%) |
Oct 9, 2026 16d ago | 8-K | $16.20 $16.03 | ▼ −1.05% | ▼ −1.04% | $17.11 (+5.62%) |
Sep 30, 2026 25d ago | SC 13G | $14.46 $14.28 | ▼ −1.21% | ▼ −1.95% | $17.11 (+18.37%) |
Jun 2, 2026 20w ago | 8-K | $19.61 $19.86 | ▲ +1.27% | ▲ +0.88% | $17.11 (−12.75%) |
May 12, 2026 23w ago | 8-K | $18.89 $18.89 | · 0.00% | ▲ +0.00% | $17.11 (−9.42%) |
May 7, 2026 24w ago | 8-K | $21.14 $20.17 | ▼ −4.59% | ▼ −4.82% | $17.11 (−19.06%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers