How much did i3 Verticals spend on the 20% share repurchase since October 2024?

The filing does not disclose the dollar amount spent or authorization limits. The company's balance sheet shows Class A shares fell from 23.98 million to 18.24 million in nine months (roughly 24% reduction), but specific purchase prices, dates, and total cash deployed are not provided in this earnings release.

What mechanism did i3 Verticals use to repurchase the shares?

Not specified in this filing. The company does not state whether repurchases were executed via Rule 10b-18 open-market purchases, accelerated share repurchase agreements, 10b5-1 plans, or other mechanisms.

Does i3 Verticals still have authorization to repurchase more shares?

The filing does not disclose remaining authorization capacity, dollar limits, or expiration dates. To find current program details, investors would need to review prior SEC filings (e.g., 8-K announcements of new programs or proxy statements) or contact investor relations.

Why is i3 Verticals repurchasing shares amid lower guidance?

CEO Daily attributed the repurchases to long-term confidence in the business direction, despite near-term headwinds in non-recurring revenue and implementation delays. The company may view the current share price as attractive relative to long-term value, even as it revises near-term earnings guidance downward.

How does the 20% repurchase affect earnings per share?

Mechanically, reducing share count by 20% concentrates each dollar of net income among fewer shares, boosting EPS all else equal. i3 Verticals' diluted Class A share count fell from 32.98 million (Q3 2025) to 19.54 million (Q3 2026), reducing dilution significantly. However, the filing does not isolate the EPS accretion from buybacks versus other factors (business performance, discontinued ops, non-controlling interests).

Were these repurchases conducted during a blackout period?

The filing does not mention blackout periods, trading windows, or Rule 10b5-1 adoption timelines. Standard practice for public companies involves rule-compliant trading windows outside earnings announcement periods, but specifics are not disclosed here.

IIIV 8-K Filed 2026-08-06 Execution disclosure

i3 Verticals has repurchased over 20% of shares since October 2024

CEO touts confidence in business direction through ongoing share-repurchase execution; Q3 2026 earnings report

What the filing says

i3 Verticals, Inc. (Nasdaq: IIIV) disclosed in its third-quarter fiscal 2026 earnings report, filed as an 8-K on August 6, 2026, that the company has repurchased more than 20% of its outstanding shares under share repurchase programs since October 2024. CEO Greg Daily highlighted this milestone as evidence of management's long-term confidence in the company's business direction, stating: "We have now repurchased more than 20% of our outstanding shares under share repurchase programs since October 2024, reflecting our long-term confidence in the direction of our business."

The filing does not specify the exact dollar authorization amount, execution mechanism (Rule 10b-18, accelerated share repurchase, or other), average price paid, or remaining authorization balance for the active repurchase program(s). The company's balance sheet as of June 30, 2026, shows 18,241,855 Class A shares outstanding, compared to 23,983,125 as of September 30, 2025—a reduction of approximately 5,741,270 shares, or roughly 24%, during the nine-month period. However, the filing does not separately disclose buyback activity for this specific quarter or fiscal year to date.

The repurchase activity occurred during a period in which the company exited two major business segments: the Merchant Services Business (sold September 20, 2024) and the Healthcare RCM Business (sold May 5, 2025). The company's fiscal 2026 guidance was revised downward in this earnings release, citing weakness in non-recurring revenue streams and implementation delays.

Not specified

We have now repurchased more than 20% of our outstanding shares under share repurchase programs since October 2024, reflecting our long-term confidence in the direction of our business. — i3 Verticals, Inc. 8-K filing · View on SEC EDGAR →

What this means

i3 Verticals has returned significant capital to equity holders through share repurchases totaling more than 20% of shares outstanding over a nine-month period. This aggregate reduction—demonstrated by the decline from roughly 23.98 million Class A shares outstanding to 18.24 million—mechanically concentrates earnings per share among remaining shareholders and signals management's conviction that the stock trades below intrinsic value. The timing coincides with the company's divestiture of two operating segments and subsequent repositioning as a pure-play public-sector software provider. However, the lack of specific authorization amounts, pricing details, and remaining capacity in the filing limits assessment of the program's scope and runway.

Frequently asked questions

How much did i3 Verticals spend on the 20% share repurchase since October 2024?: The filing does not disclose the dollar amount spent or authorization limits. The company's balance sheet shows Class A shares fell from 23.98 million to 18.24 million in nine months (roughly 24% reduction), but specific purchase prices, dates, and total cash deployed are not provided in this earnings release.
What mechanism did i3 Verticals use to repurchase the shares?: Not specified in this filing. The company does not state whether repurchases were executed via Rule 10b-18 open-market purchases, accelerated share repurchase agreements, 10b5-1 plans, or other mechanisms.
Does i3 Verticals still have authorization to repurchase more shares?: The filing does not disclose remaining authorization capacity, dollar limits, or expiration dates. To find current program details, investors would need to review prior SEC filings (e.g., 8-K announcements of new programs or proxy statements) or contact investor relations.
Why is i3 Verticals repurchasing shares amid lower guidance?: CEO Daily attributed the repurchases to long-term confidence in the business direction, despite near-term headwinds in non-recurring revenue and implementation delays. The company may view the current share price as attractive relative to long-term value, even as it revises near-term earnings guidance downward.
How does the 20% repurchase affect earnings per share?: Mechanically, reducing share count by 20% concentrates each dollar of net income among fewer shares, boosting EPS all else equal. i3 Verticals' diluted Class A share count fell from 32.98 million (Q3 2025) to 19.54 million (Q3 2026), reducing dilution significantly. However, the filing does not isolate the EPS accretion from buybacks versus other factors (business performance, discontinued ops, non-controlling interests).
Were these repurchases conducted during a blackout period?: The filing does not mention blackout periods, trading windows, or Rule 10b5-1 adoption timelines. Standard practice for public companies involves rule-compliant trading windows outside earnings announcement periods, but specifics are not disclosed here.

execution mega-cap software-sector public-sector capital-return post-divestiture

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.