All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2018; the latest 2020-02-10.
From the record
i3 Verticals, Inc.'s filings since 2018 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2020-02-10) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-9% a year over 7 filed years; profitable in 2 of 7.
From the record
i3 Verticals, Inc.'s 7 filed years say what it did: revenue went from $376 million in fiscal 2019 to $213 million in fiscal 2025, down 9% a year; it rose in 4 of 6 years; the deepest fall was 60% from fiscal 2019 to fiscal 2020; net income was positive in 2 of 7 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 15.4% a year. 41% of cash flow returned. Insiders: 4 sales, 1 purchases.
From the record
Over the 3 fiscal years to 2025-09-30, i3 Verticals, Inc.'s diluted share count grew about 15.4% a year, and dividends and buybacks returned about 41% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $962 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 5%: 5¢ of profit per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-09-30, i3 Verticals, Inc. earned about 5 cents of profit for every dollar of shareholders' money. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 0.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 45% of 218 in its family; net margin 8.4%.
From the record
i3 Verticals, Inc.'s standing among 218 graded names in its industry family: revenue of $213 million in fiscal 2025 ranks in the bottom 35% by size; a net margin of 8.4% ranks in the top 30%; revenue growth of 4.3% a year over the last 3 filed years ranks in the bottom 28% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 16% of 139 in its family for leadership; chief executive since 2018.
From the record
i3 Verticals, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Daily, Gregory S (Chief Executive Officer, as filed), filing under that title since 2018-06-20, 8.4 years (top 20% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 8.4 years (top 14%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 16%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 37% of 216 in its family for room to expand.
From the record
i3 Verticals, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $67 million against debt of $0 thousand leaves 10.5% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is 1.8% of revenue (bottom 31%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 37% of 213 in its family for growth drivers.
From the record
i3 Verticals, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.3% a year over the last three filed years against -9% over all 7, speeding up (top 2% of its family); the newest year grew 11.5% (bottom 45%); capital spending grew -5.1% a year (bottom 47%) (its annual reports). i3 Verticals, Inc. reported 3 product lines in fiscal 2025: License and Service at $149 million (70%), Proprietary Payments Revenue at $54 million (25%), Other Revenue at $10 million (5%); 3 of 3 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 37% of 194 in its family for expectations against reality.
From the record
i3 Verticals, Inc.'s newest year against its own record: revenue of $213 million in fiscal 2025 came in 10.4% above the $193 million its prior three years' pace pointed to (top 19% of its family); net income of $18 million against a prior three-year average of $32 million (bottom 16%); a net margin of 8.4% against 16.6% before (bottom 14%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made