Growth Metrics

i3 Verticals (IIIV) Cost of Revenue (2017 - 2025)

Historic Cost of Revenue for i3 Verticals (IIIV) over the last 9 years, with Q3 2025 value amounting to $17.7 million.

  • i3 Verticals' Cost of Revenue rose 996.64% to $17.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $66.6 million, marking a year-over-year increase of 1003.02%. This contributed to the annual value of $66.6 million for FY2025, which is 1003.02% up from last year.
  • Per i3 Verticals' latest filing, its Cost of Revenue stood at $17.7 million for Q3 2025, which was up 996.64% from $16.7 million recorded in Q2 2025.
  • In the past 5 years, i3 Verticals' Cost of Revenue registered a high of $19.7 million during Q2 2022, and its lowest value of -$40.1 million during Q3 2022.
  • Moreover, its 5-year median value for Cost of Revenue was $15.6 million (2024), whereas its average is $10.5 million.
  • As far as peak fluctuations go, i3 Verticals' Cost of Revenue plummeted by 34040.33% in 2022, and later skyrocketed by 31767.53% in 2023.
  • Over the past 5 years, i3 Verticals' Cost of Revenue (Quarter) stood at $16.5 million in 2021, then plummeted by 79.78% to $3.3 million in 2022, then surged by 317.68% to $13.9 million in 2023, then increased by 11.72% to $15.6 million in 2024, then grew by 13.62% to $17.7 million in 2025.
  • Its Cost of Revenue was $17.7 million in Q3 2025, compared to $16.7 million in Q2 2025 and $16.6 million in Q1 2025.