Overview

* I3 Verticals ( IIIV ) Q4 revenue grows 7% yr/yr, beating analysts' expectations

* Net income from continuing operations falls significantly from last year

* Adjusted EBITDA decreases 1.5% yr/yr

Outlook

* Company projects 2026 revenue between $217 mln and $232 mln

* i3 Verticals ( IIIV ) expects 2026 adjusted EBITDA of $58.5 mln to $65 mln

* Company anticipates 2026 adjusted EPS between $1.06 and $1.16

Result Drivers

* SAAS REVENUE GROWTH - Co reported 23% increase in SaaS revenue, contributing to overall revenue growth

* NEW CONTRACT - Co secured a contract with the Supreme Court of Appeals of West Virginia for case management software

* NET INCOME - Co set aside $1.99 mln as provision for income taxes, impacting net income from continuing operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $54.9 $53.68

Revenue mln mln (5

Analysts

)

Q4 Net $4.2 mln

Income

Q4 $3.5 mln

Pretax

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the financial technology (fintech) peer group is "buy"

* Wall Street's median 12-month price target for I3 Verticals Inc ( IIIV ) is $39.00, about 26% above its November 14 closing price of $28.85

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)