Quarterly ResultMay 8, 2026, 04:15 PM
i3 Verticals Q1 Revenue $57.5M; Net Income $1.46M; $88.8M Buybacks
AI Summary
i3 Verticals reported its first-quarter results for the period ended March 31, 2026, with revenue from continuing operations increasing to $57.5 million, up 6.2% year-over-year. The company swung to a net income attributable to i3 Verticals, Inc. of $1.46 million, compared to a net loss of $0.15 million in the prior year. Significant capital allocation activities included $88.8 million in Class A common stock repurchases and $60 million spent on business acquisitions during the six-month period, funded in part by an increase in long-term debt.
Key Highlights
- Revenue from continuing operations rose 6.2% to $57.5 million for Q1 2026.
- Net income attributable to i3 Verticals, Inc. was $1.46 million in Q1 2026, up from a $0.15 million loss.
- Basic EPS from continuing operations increased 75% to $0.07 in Q1 2026.
- Net cash provided by operating activities improved significantly to $24.15 million for H1 2026.
- The company repurchased $88.8 million of Class A common stock in H1 2026.
- $60 million was used for business acquisitions in H1 2026.
- Long-term debt increased to $81.0 million as of March 31, 2026, from zero.
- Cash and cash equivalents decreased to $7.14 million from $66.67 million since Sep 2025.