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i3 Verticals Valuation Multiples
Discover revenue and EBITDA valuation multiples for i3 Verticals and similar public comparables like Infibeam Avenues, Paysafe, Qualco Group, Priority Technology Holdings and more.
i3 Verticals Overview
About i3 Verticals
i3 Verticals Inc provides mission-critical enterprise software solutions to public sector entities. These comprehensive cloud-native solutions address a broad range of government functions, including courts and public safety, public administration, utilities, transportation and schools. The company generates the majority of revenue from software and related services, including the sale of subscriptions, recurring services, ongoing support, licenses, and installation and implementation services specific to software.
Founded
2018
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$435M
i3 Verticals Financials
i3 Verticals reported last 12-month revenue of $221M and EBITDA of $61M.
In the same LTM period, i3 Verticals generated $151M in gross profit, $61M in EBITDA, and $8M in net income.
Revenue (LTM)
i3 Verticals P&L
In the most recent fiscal year, i3 Verticals reported revenue of $213M and EBITDA of $58M.
i3 Verticals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $221M | XXX | $213M | XXX | XXX | XXX |
| Gross Profit | $151M | XXX | $147M | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | $61M | XXX | $58M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $8M | XXX | $18M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
i3 Verticals Stock Performance
i3 Verticals has current market cap of $468M, and enterprise value of $435M.
Market Cap Evolution
i3 Verticals' stock price is $21.19.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $435M | $468M | 0.7% | XXX | XXX | XXX | $0.81 |
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i3 Verticals trades at 2.0x EV/Revenue multiple, and 7.2x EV/EBITDA.
EV / Revenue (LTM)
i3 Verticals Financial Valuation Multiples
As of April 18, 2026, i3 Verticals has market cap of $468M and EV of $435M.
Equity research analysts estimate i3 Verticals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
i3 Verticals has a P/E ratio of 56.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $468M | XXX | $468M | XXX | XXX | XXX |
| EV (current) | $435M | XXX | $435M | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 31.0x | XXX | 92.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.9x | XXX | 3.0x | XXX | XXX | XXX |
| P/E | 56.0x | XXX | 26.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (98.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified i3 Verticals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
i3 Verticals Margins & Growth Rates
i3 Verticals' revenue in the last 12 month grew by 8%.
i3 Verticals' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
i3 Verticals' rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
i3 Verticals' rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
i3 Verticals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
i3 Verticals Public Comps
See public comps and valuation multiples for other Payment Service Providers and Financial Services Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| i3 Verticals | XXX | XXX | XXX | XXX | XXX | XXX |
| Infibeam Avenues | XXX | XXX | XXX | XXX | XXX | XXX |
| Paysafe | XXX | XXX | XXX | XXX | XXX | XXX |
| Qualco Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Priority Technology Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| PayPoint | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
i3 Verticals M&A Activity
i3 Verticals acquired XXX companies to date.
Last acquisition by i3 Verticals was on XXXXXXXX, XXXXX. i3 Verticals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by i3 Verticals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free Triali3 Verticals Investment Activity
i3 Verticals invested in XXX companies to date.
i3 Verticals made its latest investment on XXXXXXXX, XXXXX. i3 Verticals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by i3 Verticals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout i3 Verticals
| When was i3 Verticals founded? | i3 Verticals was founded in 2018. |
| Where is i3 Verticals headquartered? | i3 Verticals is headquartered in United States. |
| How many employees does i3 Verticals have? | As of today, i3 Verticals has over 1K employees. |
| Who is the CEO of i3 Verticals? | i3 Verticals' CEO is Gregory Daily. |
| Is i3 Verticals publicly listed? | Yes, i3 Verticals is a public company listed on Nasdaq. |
| What is the stock symbol of i3 Verticals? | i3 Verticals trades under IIIV ticker. |
| When did i3 Verticals go public? | i3 Verticals went public in 2018. |
| Who are competitors of i3 Verticals? | i3 Verticals main competitors are Infibeam Avenues, Paysafe, Qualco Group, Priority Technology Holdings. |
| What is the current market cap of i3 Verticals? | i3 Verticals' current market cap is $468M. |
| What is the current revenue of i3 Verticals? | i3 Verticals' last 12 months revenue is $221M. |
| What is the current revenue growth of i3 Verticals? | i3 Verticals revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of i3 Verticals? | Current revenue multiple of i3 Verticals is 2.0x. |
| Is i3 Verticals profitable? | Yes, i3 Verticals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of i3 Verticals? | i3 Verticals' last 12 months EBITDA is $61M. |
| What is i3 Verticals' EBITDA margin? | i3 Verticals' last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of i3 Verticals? | Current EBITDA multiple of i3 Verticals is 7.2x. |
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