Filing Flows › i3 Verticals (IIIV) › Q1 FY26
i3 Verticals (IIIV) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 6, 2026
i3 Verticals (IIIV) reported revenue of $52.7M for the first quarter fiscal 2026 (Q1 FY26), +0.9% from a year earlier and -4% from the quarter before. Operating margin was 3.1%, net earnings $484K (0.9% of revenue).
i3 Verticals, Q1 FY26: revenue $52.7M (+0.9% year over year), operating margin 3.1%, net earnings $484K, operating cash flow $14.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.7M | -4% | +0.9% |
| Operating profit | $1.6M | +9% | -22% |
| Net earnings | $484K | -84% | -76% |
| Operating cash flow | $14.1M | +1% | +23% |
| Free cash flow | $13.8M | +2% | +25% |
What changed
Revenue was $52.7M in Q1 FY26, up 1% year over year and down 4% from the previous quarter. Software and related services revenue was the largest line at 68% of revenue. Proprietary payments revenue added $1.0M year over year (up 8%), 231% of the total change. Software and related services revenue declined 3%.
Operating profit was $1.6M, a 3.1% margin (down 0.9 points year over year). Operating profit fell $444K even though revenue rose $450K versus a year earlier, so costs grew faster than sales. Total costs grew 2% against revenue growth of 1%. Net earnings were $484K, down 76% year over year. The effective tax rate was 42.6%.
Operating cash flow was $14.1M (up 23% year over year), 1491% of net income including minority interests. Non-cash charges added back $6.9M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $315K left free cash flow of $13.8M.
Questions
What was i3 Verticals' revenue in the first quarter fiscal 2026?
i3 Verticals (IIIV) reported revenue of $52.7M for the first quarter fiscal 2026 (Q1 FY26), +0.9% from a year earlier and -4% from the quarter before.
Was i3 Verticals profitable in the first quarter fiscal 2026?
Operating profit was $1.6M (3.1% of revenue) and net earnings $484K.
Source: i3 Verticals 10-Q on SEC EDGAR.