i3 Verticals Misses Q3 Revenue, Slashes FY26 Outlook on Weak Non-Recurring Revenue
IIIV sits 18% above its 52-week low of $18.47.
Summary
i3 Verticals reported Q3 revenue of $53.07M, missing the $54.99M consensus, and slashed its full-year outlook. FY26 revenue guidance was cut to $216M-$221M from $221M-$229M, adjusted EBITDA to $57M-$60M from $61M-$65M, and adjusted EPS to $1.08-$1.12 from $1.09-$1.15. Management blamed ongoing weakness in non-recurring revenue streams and delays in implementing new services. This follows a Dow Jones report earlier today that only disclosed EPS; the full picture is materially worse. The guidance cuts signal deeper operational challenges beyond a single quarter miss. With the stock trading at 18x forward earnings, the reduced outlook puts pressure on valuation.
At the time of this announcement, IIIV was trading at $21.72 on NASDAQ in the Technology sector, with a market capitalization of approximately $613.4M. The 52-week trading range was $18.47 to $33.97. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.