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What this page is: Delvantic's full research page for I3 Verticals Inc. (IIIV) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
I3 Verticals Inc.
IIIV NASDAQ
Technology · Software - Infrastructure
Nashville, TN 37215, United States
i3verticals.com
Price
$16.63
Market Cap
$464.5M
Employees
1,202
Beta
—
Avg Volume
365,851
CEO
Mr. Gregory S. Daily
I3 Verticals Inc. is a diversified payments and software company that provides integrated payment processing and related technology solutions to businesses and organizations across various sectors. The primary function of I3 Verticals Inc. is to offer a seamless combination of software and payment processing services, aligning with the needs of education, public sector, healthcare, retail, and hospitality industries. This broad range encompasses tailored solutions that enhance operational efficiencies and customer engagement for its clients. I3 Verticals Inc. excels in its vertical market approach, developing industry-specific technology integrations that facilitate streamlined transactions and improved reporting capabilities. Within the financial market, the company plays a significant role by advancing payment technologies and providing end-to-end solutions that cater to niche markets, enabling its clients to operate more efficiently and effectively. Established in Nashville, Tennessee, I3 Verticals Inc. combines its technological expertise with deep industry knowledge, cementing its position as a crucial player in the evolving landscape of integrated payment processing services.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 6, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+8.3%
Feb '26
+40.0%
Mar '26
+6.7%
May '26
+6.2%
May '26
+0.0%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 6, 2026 | $0.25 | $0.25 +0.0% | — | — |
| May 20, 2026 | $2.91 | $3.09 +6.2% | — | — |
| May 7, 2026 | $0.30 | $0.32 +6.7% | — | — |
| Mar 13, 2026 | $0.05 | $0.07 +40.0% | — | — |
| Feb 5, 2026 | $0.24 | $0.26 +8.3% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
Last updated: Aug 14, 2026 2:32am (6h ago)| Filed | Form | Document |
|---|---|---|
| Aug 11, 2026 | SCHEDULE 13G/A | View |
| Aug 7, 2026 | 10-Q | View |
| Aug 6, 2026 | 8-K | View |
| Jul 31, 2026 | SCHEDULE 13G/A | View |
| Jul 28, 2026 | SCHEDULE 13G/A | View |
| Jun 2, 2026 | 8-K | View |
| May 14, 2026 | 4 | View |
| May 12, 2026 | 8-K | View |
| May 8, 2026 | 10-Q | View |
| May 7, 2026 | SCHEDULE 13G | View |
| May 7, 2026 | 8-K | View |
| Apr 30, 2026 | SCHEDULE 13G | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 8:33am (just now)
Current data · timestamped when a report runs
$16.63
Change · Aug 14
+0.09 (+0.54%)
Day Range
$16.04 – $16.83
52-Week Range
$16.00 – $33.97
50-Day MA
$20.32
200-Day MA
$22.86
Volume
626,212.00
Share Structure
Outstanding
19,549,833.00
Float
4,522,777.00
Free Float
23.1%
Low free float
— 23.1% of shares trade freely, ~76.9% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (4.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
23.10
Stock Price: $16.63
EPS (Diluted): 0.72
EPS (Diluted): 0.72
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
1.10
Stock Price: $16.63
Total Equity: $517.72M
Shares: 34,185,684
Total Equity: $517.72M
Shares: 34,185,684
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
9.34
Market Cap: $464.50M
Total Debt: $0.00
Cash: $66.67M
EBITDA: $31.68M
Total Debt: $0.00
Cash: $66.67M
EBITDA: $31.68M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$295.8M
Market Cap: $464.50M
Total Debt: $0.00
Cash: $66.67M
Total Debt: $0.00
Cash: $66.67M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $213.16M
Revenue: $213.16M
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
1.8%
Operating Income: $3.78M
Revenue: $213.16M
Revenue: $213.16M
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
8.4%
Net Income: $17.87M
Revenue: $213.16M
Revenue: $213.16M
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
3.5%
Net Income: $17.87M
Total Equity: $517.72M
Total Equity: $517.72M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
0.4%
Operating Income: $3.78M
Tax Rate: 48.4%
Equity: $517.72M
Total Debt: $0.00
Cash: $66.67M
Tax Rate: 48.4%
Equity: $517.72M
Total Debt: $0.00
Cash: $66.67M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.95
Current Assets: $137.63M
Current Liabilities: $70.69M
Current Liabilities: $70.69M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $517.72M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $517.72M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$6.24
Revenue: $213.16M
Shares: 34,185,684
Shares: 34,185,684
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$15.14
Total Equity: $517.72M
Shares: 34,185,684
Shares: 34,185,684
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$0.11
Operating CF: $5.69M
CapEx: -$1.94M
Shares: 34,185,684
CapEx: -$1.94M
Shares: 34,185,684
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $16.63
Stock Price: $16.63
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $17.87M
Net Income: $17.87M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 14, 2026 2:32am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $224.1M | $317.9M | $370.2M | $229.9M | $213.2M |
| Cost of Revenue | $28.8M | $35.1M | $36.9M | — | — |
| Gross Profit | $195.3M | $282.7M | $333.3M | — | — |
| Operating Expenses | $195.3M | $285.2M | $310.6M | — | — |
| Operating Income | $-12,000 | -$2.4M | $22.7M | $6.9M | $3.8M |
| Net Income | -$4.5M | -$17.1M | $-811,000 | $113.3M | $17.9M |
| EBITDA | $24.4M | $27.0M | $59.2M | $35.7M | $31.7M |
| EPS | $-0.21 | $-0.77 | $-0.04 | $4.84 | $0.75 |
| EPS (Diluted) | $-0.22 | $-0.77 | $-0.07 | $4.73 | $0.72 |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 2:32am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.6M | $3.5M | $3.1M | $86.5M | $66.7M |
| Total Current Assets | $58.1M | $83.8M | $85.5M | $153.4M | $137.6M |
| Total Assets | $651.8M | $770.3M | $881.5M | $730.7M | $638.4M |
| Current Liabilities | $96.5M | $111.3M | $93.5M | $164.7M | $70.7M |
| Long-Term Debt | $200.6M | $287.0M | $385.1M | $0 | $0 |
| Total Liabilities | $362.2M | $462.6M | $553.2M | $215.3M | $120.7M |
| Total Equity | $289.6M | $307.7M | $328.3M | $515.4M | $517.7M |
| Retained Earnings | -$6.5M | -$23.6M | -$12.9M | $100.4M | $118.3M |
Cash Flow (Annual)
Last updated: Aug 14, 2026 2:32am (6h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $46.8M | $45.8M | $34.5M | $48.4M | $5.7M |
| Capital Expenditure | -$1.9M | -$2.3M | -$4.2M | -$3.0M | -$1.9M |
| Free Cash Flow | $44.8M | $43.6M | $30.3M | $45.4M | $3.8M |
| Acquisitions (net) | -$149.5M | -$100.7M | -$102.0M | -$19.1M | -$11.0M |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | — | $0 | $0 | -$37.6M |
| Net Change in Cash | — | — | -$11.4M | $77.2M | -$22.3M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 2:32am (6h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +41.8% | +16.5% | -37.9% | -7.3% |
| Gross Profit Growth | +44.7% | +17.9% | — | — |
| Operating Income Growth | -20,266.7% | +1,029.2% | -69.8% | -44.9% |
| Net Income Growth | -283.7% | +95.3% | +14,075.5% | -84.2% |
| EBITDA Growth | +10.5% | +119.3% | -39.7% | -11.1% |
Industry Benchmarks
Compares IIIV against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for IIIV — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for IIIV — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for IIIV — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for IIIV — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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My Notes
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37