IIIVi3 Verticals, Inc.
Services-Prepackaged Software
- Revenue
- $213M
- 11% YoY
- Operating margin
- 1.8%
- 22% YoY
- EBITDA
- $32M
- 5.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.1×
- −$3M net debt
- AI in 10-K
- —
Red flags 3 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired32% of net incomeCash flow under 80% of net income
- Dilutive SBCClear9% of revenueOver 10% of revenue
- Payouts exceed cash flowFired660% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired45% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $224M | $188M | $190M | $191M | $213M | 11% |
| Operating income | −$12K | −$23M | −$4M | $4M | $4M | 13% |
| Net income | −$4M | −$17M | −$811K | $113M | $18M | 84% |
| Operating cash flow | $45M | $44M | $37M | $48M | $6M | 88% |
| Capex | $2M | $2M | $4M | $3M | $2M | 35% |
| Stock-based comp | $21M | $26M | $28M | $26M | $18M | 30% |
| Buybacks | — | — | $0 | $0 | $38M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.