Filing Flows › i3 Verticals (IIIV) › Q3 FY26 › vs Q3 FY25
i3 Verticals (IIIV) Q3 FY26 vs Q3 FY25 (year over year)
i3 Verticals's revenue rose $1.2M (+2%) from $51.9M in Q3 FY25 to $53.1M in Q3 FY26. The biggest changes: Software and other related revenue +$977K (+3%); Proprietary payments revenue +$189K (+1%).
i3 Verticals, Q3 FY26: revenue $53.1M (+2% year over year), operating margin -1.7%, net earnings $5.7M, operating cash flow $14.3M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 24.4% | 13.1% | +11.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Software and other related revenue | $39.8M | $38.8M | $977K | +3% |
| Proprietary payments revenue | $13.3M | $13.1M | $189K | +1% |
| Revenue | $53.1M | $51.9M | $1.2M | +2% |
| Other income, net | $7.9M | $23.2M | −$15.3M | -66% |
| Costs & expenses | $60.9M | $75.1M | −$14.2M | -19% |
| Operating costs | $54.0M | $56.7M | −$2.8M | -5% |
| Income tax | $1.3M | −$22K | $1.3M | — |
| Net earnings | $5.7M | $18.4M | −$12.8M | -69% |
| SG&A | $28.9M | $33.0M | −$4.2M | -13% |
| Other operating costs | $25.1M | $23.7M | $1.4M | +6% |
| Operating cash sources | $18.1M | $32.8M | −$14.7M | -45% |
| Depreciation & amortization | $7.3M | $7.0M | $360K | +5% |
| Share-based compensation | $5.1M | $7.4M | −$2.3M | -31% |
| Working capital & other | $3.9M | $25.5M | −$21.6M | -85% |
| Operating cash flow | $14.3M | $7.4M | $6.9M | +94% |
| Free cash flow (OCF − capex) | $13.0M | $6.8M | $6.1M | +90% |
| Capital expenditures | $1.3M | $544K | $766K | +141% |
Questions
How much did i3 Verticals's revenue grow year over year in Q3 FY26?
i3 Verticals's revenue rose $1.2M (+2%) from $51.9M in Q3 FY25 to $53.1M in Q3 FY26.
What drove i3 Verticals's revenue change in Q3 FY26?
Software and other related revenue +$977K (+3%); Proprietary payments revenue +$189K (+1%).