Filing Flows › i3 Verticals (IIIV) › Q3 FY26
i3 Verticals (IIIV) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 7, 2026
i3 Verticals (IIIV) reported revenue of $53.1M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -8% from the quarter before. Operating margin was -1.7%, net earnings $5.7M (10.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.1M | -8% | +2% |
| Operating profit | −$892K | -124% | — |
| Net earnings | $5.7M | +287% | -69% |
| Operating cash flow | $14.3M | +42% | +94% |
| Free cash flow | $13.0M | +35% | +90% |
What changed
Revenue was $53.1M in Q3 FY26, up 2% year over year and down 8% from the previous quarter. Software and other related revenue was the largest line at 75% of revenue. Software and other related revenue added $1.0M year over year (up 3%), 84% of the total change.
Operating costs exceeded revenue by $892K, an operating margin of -1.7%. Total costs fell 5% while revenue rose 2%. Net earnings were $3.5M, down 73% year over year. The effective tax rate was 18.8%. Non-operating items added $7.9M, 113% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $14.3M (up 94% year over year), 252% of net income including minority interests. Non-cash charges added back $7.3M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $1.3M left free cash flow of $13.0M.
Questions
What was i3 Verticals' revenue in the third quarter fiscal 2026?
i3 Verticals (IIIV) reported revenue of $53.1M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and -8% from the quarter before.
Was i3 Verticals profitable in the third quarter fiscal 2026?
Operating loss was $892K (-1.7% of revenue) and net earnings $5.7M.
Source: i3 Verticals 10-Q on SEC EDGAR.