i3 Verticals misses Q3, cuts FY2026 guidance on weak non-recurring revenue and delays

Filed August 6, 2026 · Period ending August 6, 2026 · ~2 min read

Key Changes

• high

  Q3 revenue of $53.1M (+2.2% YoY) and adjusted EBITDA of $13.3M (+4.6% YoY) came in below expectations; company lowered FY2026 revenue guidance to $216M–$221M (from $221M–$229M) and adjusted EBITDA to $57M–$60M (from $61M–$65M) due to ongoing weakness in non-recurring revenue and implementation delays.

  Exhibit 99.1 view on EDGAR →
• high

  Annualized Recurring Revenue (ARR) reached $174.1M as of June 30, 2026, up 8.3% YoY from $160.8M, driven by four material statewide services go-lives in the Transportation market that management expects will help re-accelerate recurring revenue growth.

  Exhibit 99.1 view on EDGAR →
• high

  Company has repurchased more than 20% of outstanding shares under buyback programs since October 2024, reflecting management's stated long-term confidence in the business direction.

  Exhibit 99.1 view on EDGAR →