i3 Verticals (IIIV) Q2 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, June 1, 2026 astatine 11:44 AM CDT 28 min read

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Date

Friday, May 8, 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 Revenue Officer — Paul Christians

• Vice President, Investor Relations — Clay Whitson

Full Conference Call Transcript

Clay Whitson: Good morning, and invited to the Second Fiscal Quarter 2026 Conference Call for i3 Verticals. Joining maine connected this telephone are Greg Daily, our Chairman and CEO; Rick Stanford, our President; Jeff Smith, our CFO; 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 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 nether applicable law. I'll present crook the telephone implicit to the company's Chairman and CEO, Greg Daily.

Gregory Daily: Thanks, Clay, and bully greeting to everyone connected the call. We are pleased with our show successful the 2nd 4th arsenic we proceed to execute against our strategy and further amended the prime of our business. Revenue from continuing operations grew 6% year-over-year and annualized recurring gross accrued 12%, which we proceed to judge is the champion indicator of our semipermanent maturation opportunity. Across each of our nationalist assemblage markets, we are investing thoughtfully successful products and capabilities wherever we spot opportunities. For example, we proceed to find compelling opportunities to put successful Justice Tech marketplace to assistance courts modernize and capitalize connected their ain gross opportunities.