I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q2 2026 Earnings Presentation
19 slides from I3 Verticals's earnings presentation, 2026
Slide 1: Quarter 2 Fiscal Year 2026
"A VERTICALS Quarter 2 Fiscal Year 2026
Slide 2: Disclaimer
Disclaimer Except as otherwise indicated or unless the context otherwise requires, all references in this presentation to “we,” “our,” “us,” “i3,” the “Company” or “i3 Verticals” refer to i3 Verticals, Inc. Forward-Looking Statements This presentation contains forward-looking statements within the m
Slide 3: i3: Software Solutions for the Public Sector
i3: Software Solutions for the Public Sector i3 Verticals provides mission-critical enterprise software solutions to its public sector entities. The Company’s mission is to enable state and local governments and related agencies to perform their functions and serve their constituents as effectively
Slide 4: i3 Verticals at a Glance
i3 Verticals at a Glance $110M 80% 12% $30.2M 27% YTD 2026 Revenue YTD 2026 Recurring Revenue ARR(2) Growth YTD 2026 Adj. EBITDA(1) YTD 2026 EBITDA Margin(1) $3.0 GovTech Vertical $7.8 $12.7 Software With an $183.5M = SaaS Transaction-based Attractive ARR Q2 FY2026 Annual Recurring Revenue(2) Mainte
Slide 5: Public Sector Market Needs
Public Sector Market Needs Modernize Legacy Pricing Flexibility Due to Compliance Systems Unique Funding Models Requirements Automation to Offset Enhanced Constituent Cybersecurity & Talent Attrition Accessibility Privacy 5
Slide 6: JusticeTech & Public Safety
JusticeTech & Public Safety We are a leading provider of case management solutions, the core enterprise solution of courts. We then enhance that offering with a constellation of additive solutions that help courts and law enforcement do their jobs efficiently and effectively ➤ Case Management System
Slide 7: Utilities
Utilities We simplify the complications of billing and allow utilities to give their customers a wonderful customer experience ➤ Customer Information Systems (CIS) for Utility Billing ➤ Customer Engagement Suite ➤ Bill Presentment and Payment Acceptance ➤ Electronic Interactive Voice Response (EIVR)
Slide 8: Transportation
Transportation Enterprise solutions for Departments of Transportation and Departments of Revenue to improve compliance and drive efficiency state-wide ➤ Motor Vehicle ➤ Vehicle Title and Registration System (VTRS) ➤ Electronic Insurance Verification System (EIVS) ➤ EZ Tag (Temporary Tags) ➤ Integrat
Slide 9: Public Administration
Public Administration Enterprise solutions for state and local governments that are deeply integrated into the business processes of our customers ➤ Regulatory Licensing & Permitting ➤ Government Fund Accounting (GFA) ➤ Appraisal & Tax ➤ Land Records Management ➤ Human Capital Management ➤ Revenue C
Slide 10: Education
Education We streamline payment processing and administrative tasks for schools, allowing them to run lunch programs that work for students, parents, and administrators ➤ K-12 Payments for Lunch, Tickets, Concessions and Tuition ➤ Nutrition Services ➤ Ticket & Event Management ➤ Compliance and Repor
Slide 11: Key Drivers of Shareholder Value
Key Drivers of Shareholder Value(1) Sustained Organic Growth Ongoing Attractive Capital in Under-Penetrated Verticals Allocation Opportunities Growing Recurring Revenue Streams • $183.5 million of ARR • 80% Recurring Revenue + History of Successful Execution • 27 Public Sector Software Acquisitions
Slide 12: Revenue Composition – Continuing Operations
Revenue Composition – Continuing Operations(1) ($ in thousands) Quarter Ended March 31, 2026 December 31, September 30, June 30, 2025 March 31, 2025 December 31, September 30, June 30, 2024 March 31, 2024 2025 2025 2024 2024 Recurring revenue SaaS(2) $ 12,658 $ 10,959 $ 10,375 $ 9,299 $ 9,209 $ 8,81
Slide 13: Revenue Composition – Continuing Operations (footnotes)
Revenue Composition – Continuing Operations 1.) As a result of the sale of our merchant services business (the "Merchant Services Business"), which was completed on September 20, 2024, and the sale of our Healthcare revenue cycle management business (the "Healthcare RCM Business"), which was complet
Slide 14: Reconciliation of Free Cash Flow from Continuing Operations
Reconciliation of Free Cash Flow from Continuing Operations The reconciliation from our non-GAAP adjusted EBITDA to our Free Cash Flow from continuing operations is as follows: ($ in thousands, except share and per share amounts) Three Months Ended March 31, 2026 December 31, 2025 September 30, 2025
Slide 15: Quarterly Performance from Continuing Operations
Quarterly Performance from Continuing Operations(1) ($ in thousands) Three Months Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Revenue from continuing operations $ 57,518 $ 52,671 $ 54,901 $ 51,901 $ 54,135 $ 52,221 Recurring cash costs of
Slide 16: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures(1) The reconciliation of our (loss) income from continuing operations attributable to i3 Verticals, Inc. to non-GAAP adjusted income before taxes from continuing operations, non-GAAP adjusted net income from continuing operations and non-GAAP adjusted EB
Slide 17: Reconciliation of Non-GAAP Financial Measures (footnotes)
Reconciliation of Non-GAAP Financial Measures 1.) As a result of the sale of our merchant services business (the "Merchant Services Business"), which was completed on September 20, 2024, and the sale of our Healthcare revenue cycle management business (the "Healthcare RCM Business"), which was compl
Slide 18: Non-GAAP Adjusted Diluted EPS from Continuing Operations
Non-GAAP Adjusted Diluted EPS from Continuing Operations(1) The reconciliation of our GAAP diluted EPS from continuing operations and non-GAAP Adjusted diluted EPS from continuing operations for the current and prior year quarters are as follows: ($ in thousands, except share and per share amounts)
Slide 19: Reconciliation of Non-GAAP Financial Measures (footnotes)
Reconciliation of Non-GAAP Financial Measures 1.) Diluted net income (loss) per share attributable to Class A common stockholders from continuing operations and adjusted diluted earnings per share from continuing operations both exclude the discontinued operations of the Merchant Services Business a