IIIVi3 Verticals, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -62% · now 53% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can IIIV take a bad year?
i3 Verticals, Inc. carries $112M of net debt at 3.20× EBITDA: a load its earnings can carry.
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.20×
Net debt / EBITDA · −1.67× a year ago · the load is going up
- Debt / equity
- 0.41×
Debt / equity
- Annualised volatility
- 41%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ3 2026
- $114M
- Cash and short-term investments
- $2.6M
- Net debt
- $112M
- EBITDA, trailing twelve months
- $35M
- Operating profit, trailing twelve months
- $5.9M
- Debt / equity
- 0.41×
- Total debt / EBITDA
- 3.27×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −62%
- Below its 52-week high
- 53%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Software, Infrastructure
Ranks #37 of 80 by RyuScore