i3 Verticals, Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
i3 Verticals reported Q3 FY2026 (ended June 30, 2026) continuing-operations revenue of $53.1M (+2.2% YoY) and net income of $5.9M vs. loss of $1.0M prior year. ARR grew 8.3% to $174.1M. The company cut full-year FY2026 guidance: revenue now $216–221M (from $221–229M), adjusted EBITDA $57–60M (from $61–65M). CEO cited weakness in non-recurring revenue and implementation delays. Share count fell to 18.2M Class A (from 24.0M Sept 2025) after repurchasing >20% of shares since Oct 2024. Long-term debt rose to $114.3M (from $0M Sept 2025).
Why this rating
Guidance cut is material relative to $578M market cap (~5–7% revenue/EBITDA reduction), but offset by recurring-revenue growth and aggressive buybacks. Execution concern offset by shareholder returns.
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