I3 Verticals (IIIV)
NASDAQ:IIIV
Want to see IIIV full AI Analyst Report?
Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.25Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call skewed positive: the company reported solid recurring revenue momentum (ARR +12%, SaaS +37%), improved adjusted EBITDA and EPS, meaningful strategic progress on AI, and an acquisition that expands TAM and near-term deployments. Offsetting items include a notable decline in nonrecurring/professional services revenue (organic revenue flat), a modest contraction in adjusted EBITDA margin (~50 bps), and a lowered revenue midpoint driven by professional services weakness. Management emphasized margin improvement in the back half of FY2026 and continued double-digit recurring revenue growth, indicating confidence that operating efficiencies and product-driven ARR will outweigh near-term nonrecurring headwinds.Company Guidance
Revenue Growth and Mix
Total revenue from continuing operations increased 6% year-over-year to $57.5M (Q2 FY2026 vs $54.1M prior-year). 80% of Q2 revenue was recurring, with annual recurring revenue (ARR) up 12% to $183.5M (from $164.5M).
Strong SaaS and Transaction Revenue Growth
SaaS revenues grew 37% year-over-year and transaction-based revenue rose 7% in the quarter. Management expects elevated SaaS growth for the remainder of FY2026 and accelerating transaction-based growth.
Adjusted Profitability and EPS Improvement
Adjusted EBITDA increased 5% to $16.6M (from $15.8M). Adjusted diluted EPS from continuing operations rose 10% to $0.32 (from $0.29).
Recurring Revenue and Future ARR Drivers — Justice Tech & Transportation
Company highlighted Justice Tech as a major ARR growth driver (boarding courts including West Virginia) and expects continued ARR acceleration. Transportation will turn on two delayed transaction-based revenue opportunities late in FY2026 that should benefit 2027 ARR and revenue.
Acquisition Momentum — Insurance Verification
Recent insurance verification acquisition (closed Jan 1) is accelerating: the business is live in the low-20s states today, with five states currently in implementation and multiple near-term state opportunities. Management expects this to be an organic ARR and revenue contributor and to enable payment monetization.
AI and Product Development Gains
Launched AI-powered tools (natural-language ad hoc query/reporting, AI-assisted document analysis) and moved to AI agent-assisted development and automated testing (Playwright). Management reports measurable client interest (immediate demand at a utilities conference) and internal efficiency/productivity benefits that expand product scope and speed time to market.
Guidance and Margin Outlook
Updated FY2026 guidance: revenue $221M–$229M; adjusted EBITDA $61M–$65M; adjusted diluted EPS $1.09–$1.15. Management expects recurring revenues to grow at a double-digit rate for the remainder of FY2026 and anticipates adjusted EBITDA margin improvement in the back half of the year with long-term margin expansion of 50–100 basis points annually.
Balance Sheet Flexibility
Quarter-end debt of $81M, cash $7.1M, and $319M borrowing capacity under revolver (subject to 5x leverage constraint), enabling opportunistic M&A or buybacks.
Commercial Wins and New Customer Acquisition
Education market expansion included adding Utah; roughly half of new sales in fiscal 2026 (education context) are net-new customers, indicating healthy new-account acquisition.
IIIV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IIIV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $22.91 | $21.14 | -7.73% |
Feb 05, 2026 | $19.92 | $20.97 | +5.27% |
Nov 18, 2025 | $25.96 | $24.20 | -6.82% |
Aug 07, 2025 | $28.50 | $31.71 | +11.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does I3 Verticals (IIIV) report earnings?
I3 Verticals (IIIV) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is I3 Verticals (IIIV) earnings time?
I3 Verticals (IIIV) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIIV EPS forecast?
IIIV EPS forecast for the fiscal quarter 2026 (Q3) is 0.25.