i3 Verticals, Inc.

IIIVNASDAQTechnology● Active

$19.68

$-0.18(-0.91%)

Market Cap$470292921

P/E Ratio—

52W High$33.97

52W Low$18.47

Avg Volume364K

Open$20.14

Beta0.85

Overview

i3 Verticals, Inc. (IIIV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

IIIV · free cash flow · updated Jun 8, 2026

Core FCF metrics

IIIV · FCF · TTM · margin & CAGR

Free cash flow was $3.8M for FY2025 (fiscal year ending 2025-09-30), down 91.7% year-over-year The FCF margin was 1.8%. Five-year CAGR stands at -26.7%.

FY2025 Free Cash Flow$3.8M▼ -91.7% YoY

Trailing 12M (TTM)$49.5Mtrailing 4 quarters sum

FCF Margin1.8%$3.8M ÷ revenue

3-Year CAGR-51.7%FY2022 → FY2025

5-Year CAGR-26.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

IIIV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.7M(2M)$3.8M▼ 91.7%1.8%

FY2024$48.4M(3M)$45.4M▲ +118.5%19.8%

FY2023$37.2M(16M)$20.8M▼ 37.7%11.0%

FY2022$45.8M(12M)$33.4M▼ 13.4%17.8%

FY2021$46.8M(8M)$38.6M▲ +117.1%17.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

IIIV · P/FCF · FCF yield · FCF per share

i3 Verticals, Inc. (IIIV) trades at a FCF yield of 10.53% and a price-to-free-cash-flow ratio of 9.5x. FCF per share stands at $2.07, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.53%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.07

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

IIIV · cash flow statement · operating / investing / financing

For FY2025, i3 Verticals, Inc. generated $5.7M in operating cash flow and spent 2M in capital expenditures, yielding $3.8M in free cash flow.

Operating Activities

+$5.7M

Cash from core business operations

2025-09-30

Investing Activities

+$76.5M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$104.4M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($5.7M) − |CapEx| (2M) = FCF ($3.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

IIIV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

i3 Verticals, Inc.YOU

IIIV

$3.8M-91.7%1.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

i3 Verticals, Inc. (IIIV) reported free cash flow of $3.8M for FY2025 (fiscal year ending 2025-09-30), down 91.7% year-over-year. The FCF margin was 1.8%.

Based on available data, i3 Verticals, Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $45.4M in FY2024. The 5-year CAGR stands at -26.7%.

i3 Verticals, Inc.'s FCF yield is 10.53% and price-to-FCF ratio is 9.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

IIIV free cash flow · 8 questions

i3 Verticals, Inc. free cash flow was $3.8M for FY2025, down 91.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $49.5M.

IIIV free cash flowIIIV FCFIIIV FCF 2025IIIV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · i3 Verticals, Inc. · i3 Verticals, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026