i3 Verticals (IIIV) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, June 1, 2026 astatine 11:46 AM CDT 19 min read

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DATE

Friday, Feb. 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Gregory Daily

• President — Rick Stanford

• Chief Financial Officer — Geoffrey Smith

• Chief Administrative Officer — Clay Whitson

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Full Conference Call Transcript

Clay Whitson: Good morning, and invited to the archetypal 4th of 2026 Conference Call for i3 Verticals. Joining maine connected this telephone are Greg Daily, our Chairman and CEO; Rick Stanford, our President; Geoff Smith, our Chief Financial Officer; and Paul Christians, our Chief Revenue Officer. To the grade immoderate non-GAAP fiscal measurement is discussed successful today's call, you volition besides find a reconciliation to the astir straight comparable GAAP fiscal measurement by reviewing yesterday's net release. It is the company's intent to supply non-GAAP fiscal accusation to heighten knowing of its consolidated GAAP fiscal information. This non-GAAP fiscal accusation should beryllium considered by each idiosyncratic successful summation to, but not alternatively of, the GAAP fiscal statements.

This league telephone whitethorn incorporate forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding the company's expected fiscal and operating performance. For this purpose, immoderate statements made during this telephone that are not statements of humanities information whitethorn beryllium deemed to beryllium forward-looking statements. You are hereby cautioned that these forward-looking statements whitethorn beryllium affected by the important factors, among others, acceptable distant successful the company's net merchandise and successful reports that are filed oregon furnished to the SEC. Consequently, existent operations and results whitethorn disagree materially from those discussed successful the forward-looking statements.

Finally, the accusation shared connected this telephone is valid arsenic of today's date, and the institution undertakes nary work to update it, but arsenic whitethorn beryllium required by applicable law. I volition present crook the telephone implicit to the company's Chairman and CEO, Greg Daily.

Gregory Daily: Thanks, Clay, and bully greeting to each of you connected the call. We're excited with the commencement of 2026. As we anticipated and guided the market, gross was lone up 1% implicit anterior year's Q1, but recurring gross was up implicit 8%, much intimately reflecting our anticipation of semipermanent growth. SaaS gross led with implicit 24% growth. We're present -- we've present had 4 quarters successful a enactment implicit 20% SaaS growth, and we spot that fig staying northbound of that level done the year. While our recurring gross sources, nonrecreational services and licence are some down, we judge our absorption connected recurring sources volition transportation the day. We're precise excited to denote our latest acquisition.