IIIV

i3 Verticals, Inc.

6 filings tracked

technologycloud computingSMALL ($300M-2B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

bearishMay 8

Operating income fell 24.8% despite modest revenue growth.

margin compression

70%

bullishMay 8

Aggressive repurchase of $89.3 million in Class A common stock.

buyback

80%

bullishMay 8

Acquisition of transportation market business for $60 million.

acquisition

60%

bearishMay 8

Ongoing class action litigation regarding PaySchools and S&S business.

regulatory action

40%

Filing History

10-QMay 8, 2026

The latest filing presents a company at a crossroads between a successful strategic transformation and deteriorating operational efficiency. On one hand, the divestiture of legacy businesses has created a cleaner, more focused public-sector entity with growing ARR and a disciplined approach to tuck-in acquisitions. The aggressive reduction in share count suggests management's confidence in the intrinsic value of the remaining business. However, the disconnect between top-line growth and bottom-line profitability is stark. The reliance on debt to fund buybacks while cash balances dwindle creates a precarious liquidity profile. Investors must now weigh the appeal of a pure-play government software moat against the reality of compressing margins and the potential for legal liabilities to erode the company's lean cash position.