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Our Company i3 Verticals provides mission-critical enterprise software solutions to public sector entities. These comprehensive cloud-native solutions address a broad range of government functions, including courts and public safety, public administration, utilities, transportation and schools.
Operating margin is thin at 1.77%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 11.5%, still solid. Free cash flow declined 92% despite revenue growth, conversion is weakening.
Free cash flow declined 92% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$217M
▲ +11.5% YoY
Net Income (TTM)
$16M
▼ -84.2% YoY
Op. Margin
0.93%
▼ -0.5pp YoY
ROIC
0.41%
Cash Flow & Balance Sheet
FCF (TTM)
$44M
▼ -91.7% YoY
Op. Cash Flow (TTM)
$45M
▼ -88.2% YoY
Net Debt
$78M
Cash & Equiv.
$7M
5Y CAGR: +7.3%
5Y CAGR: -29.0%
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