i3 Verticals, Inc. (IIIV) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.04% of current shares
Recent Dilution: 7.77% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
20M
Potential Supply
8.5K
Additional shares possible
Splits
1 Reverse
Past 2 years

Summary

IIIV currently has 19.5M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 7.77% over the past 2 years. Recent corporate actions include 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 19.5M shares outstanding

20M 8.5K
Nov 21, 2025

10-K filing | 23.9M shares outstanding

24M 0
Aug 08, 2025

10-Q filing | 24.3M shares outstanding

24M 0
May 09, 2025

10-Q filing | 24.1M shares outstanding

24M 0
Feb 07, 2025

10-Q filing | 23.6M shares outstanding

24M 0
Jan 24, 2025
Stock Split

8-K filing: i3 Verticals, Inc. contributed $21.4 million to i3 LLC in exchange for 896,763 newly-issued common units, followed by a reverse unit split at a ratio of approximately 0.9631 to 1 and the retirement of 369,256 shares of Class B common stock to maintain ownership ratios. ($21.4M proceeds)

23M 0
Nov 25, 2024

10-K filing | 23.4M shares outstanding

23M 0
Aug 09, 2024

10-Q filing | 23.4M shares outstanding

23M 0
May 10, 2024

10-Q filing | 23.3M shares outstanding

23M 0
Feb 09, 2024

10-Q filing | 23.3M shares outstanding

23M 0
Nov 22, 2023

10-K filing | 23.1M shares outstanding

23M 0
Aug 09, 2023

10-Q filing | 23.2M shares outstanding

23M 0
May 10, 2023

10-Q filing | 23.1M shares outstanding

23M 0
Feb 09, 2023

10-Q filing | 23.0M shares outstanding

23M 0
Nov 18, 2022

10-K filing | 22.2M shares outstanding

22M 0
Aug 09, 2022

10-Q filing | 22.2M shares outstanding

22M 0
May 10, 2022

10-Q filing | 22.1M shares outstanding

22M 0
Feb 14, 2022

POS AM filing: i3 Verticals, Inc. is offering Class A common stock, par value $0.0001 per share, having an aggregate offering price up to $125,000,000 in an at-the-market offering.

22M 0
Feb 09, 2022

10-Q filing | 22.0M shares outstanding

22M 0
Nov 22, 2021

10-K filing | 21.0M shares outstanding

21M 0
Nov 22, 2021

POS AM filing: i3 Verticals, Inc. is offering Class A common stock with an aggregate offering price up to $125,000,000 in "at-the-market" offerings through sales agents. The net proceeds will be used to purchase Common Units from i3 Verticals, LLC, which intends to use the proceeds for general corporate purposes, including repaying indebtedness, acquisitions, working capital, and capital expenditures.

22M 0
Aug 09, 2021

10-Q filing | 21.9M shares outstanding

22M 0
May 10, 2021

10-Q filing | 20.9M shares outstanding

21M 0
Feb 09, 2021

10-Q filing | 19.1M shares outstanding

19M 1.2M
Feb 08, 2021

S-3/A filing: This S-3/A filing from 2021-02-08 describes an offering of 1,386,413 shares of Class A common stock by selling stockholders.

19M 1.4M
Feb 05, 2021

8-K filing: i3 Verticals, Inc. completed its acquisition of Business Information Systems, GP and Business Information Systems, Inc., which included the issuance of 1,202,914 shares of the Company's Class A common stock to BIS GP and certain of its designees.

19M 180K
Dec 16, 2020

S-3 filing: This is an S-3 filing for an offering of Class A common stock by selling stockholders.

19M 180K
Nov 23, 2020

10-K filing | 18.9M shares outstanding

19M 0
Sep 15, 2020

8-K filing: i3 Verticals, Inc. completed a public offering of 3,737,500 shares of Class A common stock at $23.50 per share, resulting in net proceeds of approximately $83.4 million used to purchase common units of i3 Verticals, LLC. ($83.4M proceeds)

15M 0
Sep 10, 2020

8-K filing: i3 Verticals, Inc. is planning to offer 3,250,000 shares of Class A common stock and has completed three acquisitions for $27.5 million using cash and revolving line of credit proceeds, granting approximately 100,000 stock options to key employees of the acquired companies. The company also adopted the i3 Verticals, Inc. 2020 Acquisition Equity Incentive Plan and reserved 1.5 million shares of the Company's Class A common stock.

15M 0
Aug 10, 2020

10-Q filing | 14.9M shares outstanding

15M 0
May 11, 2020

10-Q filing | 14.5M shares outstanding

14M 0
Feb 10, 2020

10-Q filing | 14.2M shares outstanding

14M 0
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