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Definitive Healthcare vs i3 Verticals: DH and IIIV compared
Definitive Healthcare is the larger company: $54.6M of revenue in its latest quarter (Q3 2026) against $53.1M for i3 Verticals (Q3 FY26). i3 Verticals is growing faster (+2% against -9% a year earlier). i3 Verticals is more profitable, with an operating margin of -1.7% against -9.1%.
Where the money goes: DH and IIIV
Definitive Healthcare (DH) · Q3 2026
Definitive Healthcare, Q3 2026: revenue $54.6M (-9% year over year), operating margin -9.1%, net loss $5.4M, operating cash flow $11.4M. The chart follows the revenue to costs, profit and cash.
i3 Verticals (IIIV) · Q3 FY26
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.
| Definitive Healthcare (DH) | i3 Verticals (IIIV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $54.6M | $53.1M |
| Revenue growth, Y/Y | -9% | +2% |
| Operating margin | -9.1% | -1.7% |
| Net earnings | −$5.4M | $5.7M |
| Net margin | -9.9% | 10.7% |
| Operating cash flow | $11.4M | $14.3M |
| Free cash flow | $9.0M | $13.0M |
| Market value | — | $312M |
| P/E | — | 36.7× |
| Analysts’ mean target | — | $25.50 |
Where the revenue comes from
Definitive Healthcare
- Subscription Services: $52.7M (96%)
- Professional Services: $2.0M (4%)
i3 Verticals
- Software and other related revenue: $39.8M (75%)
- Proprietary payments revenue: $13.3M (25%)
Questions
Which is bigger, Definitive Healthcare or i3 Verticals?
Definitive Healthcare is the larger company: $54.6M of revenue in its latest quarter (Q3 2026) against $53.1M for i3 Verticals (Q3 FY26).
Is Definitive Healthcare or i3 Verticals growing faster?
i3 Verticals is growing faster (+2% against -9% a year earlier).
Which is more profitable, Definitive Healthcare or i3 Verticals?
i3 Verticals is more profitable, with an operating margin of -1.7% against -9.1%.
More: Definitive Healthcare earnings · how Definitive Healthcare makes money · i3 Verticals earnings · how i3 Verticals makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.