i3 Verticals, Inc. (IIIV) Earnings Call Transcripts
i3 Verticals, Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, i3 Verticals, Inc. reported revenue of $57.5 million, a 6% increase year-over-year, but organic revenue growth was flat due to a decline in professional services. Adjusted diluted EPS rose 10% to $0.32. Management lowered revenue guidance for FY 2026 to a range of $221 million to $229 million, reflecting ongoing challenges in nonrecurring revenue, particularly in professional services, while maintaining a positive outlook on annual recurring revenue growth, which increased 12% to $183.5 million.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $57.5 million (inline) |
| Annual Recurring Revenue (ARR) | $183.5 million (beat) |
| Adjusted EBITDA | $16.6 million (beat) |
| Adjusted EPS | $0.32 (beat) |
| Guidance Revenue Range | $221 million to $229 million (negative) |
| Adjusted EBITDA Margin | 28.8% (negative) |
Guidance from management
Management expects revenue for FY 2026 to be between $221 million and $229 million, with adjusted EBITDA projected between $61 million and $65 million. They anticipate continued double-digit growth in recurring revenues but have lowered expectations for nonrecurring professional services.
What management said
Thank you for your continued interest in the company. Stay tuned. We're excited about our pipeline, our team that we've put together. And thanks again, call us if you need anything.
What analysts pressed on
Analysts expressed concerns regarding the ongoing weakness in professional services and its impact on overall revenue growth. There were questions about the company's ability to manage expenses effectively in light of reduced revenue expectations.
Main topics on the call
- Revenue Growth — Revenue from continuing operations grew 6% year-over-year to $57.5 million, driven by acquisitions. However, organic revenue was flat, hampered by a $2.2 million decrease in professional services.
- Annual Recurring Revenue (ARR) Growth — Annual recurring revenue increased 12% to $183.5 million, which management views as a key indicator of long-term growth potential. CEO Greg Daily stated, "we continue to believe this is the best indicator of our long-ter...
- Guidance Adjustment — Management lowered the midpoint of their revenue guidance for FY 2026 by approximately $3.5 million, now expecting revenue between $221 million and $229 million. This adjustment reflects deteriorating expectations in non...
- Margin Expansion Initiatives — Management indicated that cost control measures and efficiency initiatives are beginning to show results, with expectations for improved adjusted EBITDA margins in the second half of FY 2026. CFO Jeff Smith noted, "we ex...
Read the full i3 Verticals, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About i3 Verticals, Inc.
i3 Verticals, Inc. (IIIV) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning February 11, 2020 to August 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 i3 Verticals, Inc. earnings call transcripts on record, spanning February 11, 2020 to August 7, 2026. Based on this history, i3 Verticals, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- IIIV
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 28
- First call
- February 11, 2020
- Most recent
- August 7, 2026
- Reporting cadence
- quarterly