i3 Verticals (IIIV) Cost of Revenue (2017 - 2026)

i3 Verticals has reported Cost of Revenue for 10 years, with the latest figure at $17.1 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 3.37% year-over-year to $17.1 million; the trailing twelve-month figure through Mar 2026 stood at $69.2 million (up 8.84% YoY), and the FY2025 full-year result was $66.6 million, up 10.03% from the prior year.
• Cost of Revenue for Q1 2026 stood at $17.1 million, down from $17.6 million in the prior quarter.
• The five-year high for Cost of Revenue was $19.7 million in Q2 2022, with the low at -$40.1 million in Q3 2022.
• Historically, Cost of Revenue has averaged $10.2 million across 5 years, with a median of $15.6 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue sank 340.4% — and 2023, when it jumped 317.68%.
• i3 Verticals' Cost of Revenue stood at $3.3 million in 2022, then jumped by 317.68% to $13.9 million in 2023, then gained by 11.72% to $15.6 million in 2024, then gained by 12.88% to $17.6 million in 2025, then declined by 2.53% to $17.1 million in 2026.
• The last three Cost of Revenue figures came in at $17.1 million (Q1 2026), $17.6 million (Q4 2025), and $17.7 million (Q3 2025), per Business Quant data.