I3 Verticals Q1 revenue slightly beats analyst expectations

i3 Verticals

05/02/2026 21:24

Overview

Enterprise software provider's fiscal Q1 revenue slightly beat analyst expectations

Net income for fiscal Q1 declined compared to the previous year

Company completed acquisition of motor vehicle insurance verification software firm

Outlook

Company revises full-year revenue guidance to $223 mln - $234 mln

Company increases full-year adjusted EBITDA forecast to $61 mln - $66.5 mln

Company maintains full-year adjusted EPS guidance at $1.08 - $1.16

Result Drivers

RECURRING REVENUE GROWTH - Co reported an 8.4% increase in recurring revenue, reflecting its focus on long-term growth strategy

SaaS REVENUE INCREASE - SaaS growth rose to 24% in Q1, contributing to overall revenue performance

ACQUISITION IMPACT - Co acquired a motor vehicle insurance verification software firm, enhancing its transportation market offerings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$52.67 mln
$52.30 mln (4 Analysts)
Q1 Net Income
$947,000
Q1 Pretax Profit
$1.79 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for I3 Verticals Inc is $35.00, about 68.9% above its February 4 closing price of $20.72

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBw80NVF8a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)