I3 Verticals ( (IIIV) ) has released its Q1 earnings. Here is a breakdown of the information I3 Verticals presented to its investors.
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i3 Verticals, Inc. is a company that delivers integrated software solutions tailored for strategic vertical markets, focusing on sectors such as the Public Sector and Healthcare. The company’s sophisticated platform supports both public and private organizations with their specific software needs.
In its first quarter financial results for fiscal year 2025, i3 Verticals reported a strong performance with a 12.1% increase in revenue, reaching $61.7 million compared to the same period last year. The company also turned its net income around from a loss of $4.2 million to a profit of $3.3 million from continuing operations. This positive trend extends to adjusted EBITDA, which rose by 17% to $16.4 million.
Key financial highlights include an improvement in the diluted net income per share to $0.09 from a previous loss, as well as a significant increase in pro forma adjusted diluted earnings per share from $0.12 to $0.31. The company also reported a growth in Annualized Recurring Revenue (ARR) by 7.6% to $193.3 million, alongside a robust interest coverage and leverage ratio, indicating strong financial health.
Looking forward, i3 Verticals maintains a positive outlook for 2025, reaffirming its revenue guidance between $243 million and $263 million and adjusted EBITDA between $63 million and $71.5 million. The management anticipates continued growth in its SaaS and payments revenue, as well as expanding its reach in multiple addressable markets, supporting their optimistic forecast for the year ahead.
