A maker of cloud-native software and payment processing for state and local governments, i3 Verticals serves the JusticeTech, utilities, education, transportation, and public administration markets. Its products let public agencies run operations and process payments, including tools like PaySchools for school payments. After selling its merchant services and healthcare billing units, the company now focuses purely on software for the public sector, built on a multi-cloud setup with its own payment gateway.
i3 Verticals posts Q2 FY2026 financials in investor presentation for upcoming conferences.
i3 Verticals, Inc. furnished a presentation for the Baird 2026 Global Consumer, Technology & Services conference on June 3, 2026, and the 2026 Davidson Technology Consumer Conference on June 11, 2026.
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The presentation includes financial information for the three months ended March 31, 2026, with total revenue of $57.5 million and adjusted EBITDA of $16.6 million.
Annualized Recurring Revenue (ARR) reached $183.5 million as of Q2 FY2026, up 12% year-over-year.
Recurring revenue for the quarter was $45.9 million, representing 80% of total revenue.
The company reported a leverage ratio of 1.22x and has repurchased approximately 16% of shares outstanding through March 31, 2026.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
i3 Verticals board approves new $100 million share repurchase program
The new program replaces the prior repurchase program adopted on February 5, 2026, which has been fully expended.
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On May 12, 2026, i3 Verticals, Inc.'s Board of Directors approved a new share repurchase program for up to $100 million of Class A common stock.
The program will terminate on the earlier of May 11, 2027, or when the $100 million authorization is fully expended.
Repurchases may be made in the open market, through privately negotiated transactions, or under Rule 10b5-1 plans, subject to market conditions and other factors.
The program does not obligate the company to repurchase any specific amount and may be suspended or discontinued at any time.
i3 Verticals holds 2026 annual meeting, elects eight directors and ratifies Deloitte as auditor
A total of 28,382,815 shares of Class A and Class B common stock were present, representing approximately 91.6% of outstanding shares as of the January 2, 2026 record date.
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i3 Verticals, Inc. held its 2026 Annual Meeting of Stockholders on March 3, 2026.
Stockholders elected eight directors: Gregory Daily, Clay Whitson, Elizabeth Seigenthaler Courtney, John Harrison, Decosta Jenkins, Timothy McKenna, David Morgan, and David Wilds, each for a one-year term.
Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2026, with 28,236,836 votes for, 145,375 against, and 604 abstentions.
Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers, with 25,737,410 votes for, 442,168 against, and 3,317 abstentions.
5.07 Submission of Matters to a Vote of Security Holders
i3 Verticals reports Q1 FY2026 revenue of $52.7M, up 0.9% YoY, and announces $60M buyback.
Revenue from continuing operations was $52.7 million for the three months ended December 31, 2025, up 0.9% from the prior year's first quarter.
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Net income from continuing operations was $1.1 million, down from $2.8 million in the prior year's first quarter.
Adjusted EBITDA from continuing operations was $13.6 million, down from $14.6 million, with margin at 25.8% versus 27.9%.
The company completed the acquisition of a motor vehicle insurance verification software company for $60.0 million cash plus up to $20.0 million contingent consideration.
The Board approved a new share repurchase program of up to $60 million, expiring February 4, 2027.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
i3 Verticals director Burton Harvey resigns from board effective November 14, 2025
The resignation was not due to any disagreement with the company.
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Burton Harvey notified i3 Verticals on November 12, 2025 of his resignation as a board member, effective November 14, 2025.
The company also reported Q4 and full-year fiscal 2025 results, with revenue from continuing operations up 7.0% to $54.9 million for the quarter and up 11.5% to $213.2 million for the year.
Fiscal 2026 revenue guidance is $217 million to $232 million, with adjusted EBITDA of $58.5 million to $65.0 million.
A supplemental presentation with additional financial information was furnished as Exhibit 99.2.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits