I3 Verticals Inc (IIIV) FinancialsIIIVI3 Verticals Inc

I3 Verticals Inc (IIIV) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Software and related services revenue, accounting for 75.8% of total sales, equivalent to $71.70M. Other significant revenue streams include Payments revenue and Other revenue. Understanding this composition is critical for investors evaluating how IIIV navigates market cycles within the Financial Technology (Fintech) industry.

Evaluating the bottom line, I3 Verticals Inc maintains a gross margin of 69.26%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -1.68%, while the net margin is 11.08%. These profitability ratios, combined with a Return on Equity (ROE) of 1.87%, provide a clear picture of how effectively IIIV converts its operational activities into shareholder value.

In the context of the broader market, IIIV competes directly with industry leaders such as RCAT and RSKD. With a market capitalization of $477.44M, it holds a significant position in the sector. When comparing efficiency, IIIV's gross margin of 69.26% stands against RCAT's 16.15% and RSKD's 45.56%. Such benchmarking helps identify whether I3 Verticals Inc is trading at a premium or discount relative to its financial performance.

The company reported a gross margin of 52.38% in Q2 2026, indicating solid profitability despite challenges. The total revenue for Q2 2026 was $57.5 million, a 6% year-over-year increase, although there are concerns about nonrecurring revenue sources.