i3 Verticals Q3 FY26 net income from continuing operations swings to profit of $5.9 million; revenue rises 2.2% to $53.1 million
Reuters2026/08/06 22:13- i3 Verticals posted fiscal Q3 net income from continuing operations of USD 5.9 million, swinging from a loss, as revenue rose 2.2% to USD 53.1 million.
- Adjusted EBITDA from continuing operations increased 4.6% to USD 13.3 million; adjusted EBITDA margin widened 0.6 percentage points to 25.1%.
- Annualized recurring revenue from continuing operations grew 8.3% to USD 174.1 million; it went live with four material statewide services in Transportation.
- Greg Daily said results missed expectations on weakness in certain non-recurring revenue streams and implementation delays; he cited share repurchases topping 20% since October 2024.
- Cut fiscal 2026 outlook to revenue of USD 216 million-USD 221 million, adjusted EBITDA of USD 57 million-USD 60 million.
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