i3 Verticals

Q3 FY2026 EarningsQ3 FY26 results missed consensus on the top line but delivered a significant beat on earnings due to non-operating gains. Revenue of $53.1M fell short of the $55.0M expected, impacted by a $2.2M decline in non-recurring sales. However, Normalized EPS of $0.25 matched consensus, while GAAP EPS of $0.19 significantly outperformed the $0.01 expectation, driven by a $9.9M unrealized gain on investment. The successful integration of the Transportation Market acquisition contributed to growth, and aggressive share repurchases ($48.6M in Q3) supported EPS stabilization despite macroeconomic headwinds.