i3 Verticals (IIIV) Gross Margin (2017 - 2026)

i3 Verticals has reported Gross Margin for 10 years, with the latest figure at 70.2% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 83.0% year-over-year to 70.2%; the trailing twelve-month figure through Mar 2026 stood at 68.13% (down 70.0% YoY), and the FY2025 full-year result was 68.76%, up 41.0% from the prior year.
• Gross Margin for Q1 2026 stood at 70.2%, up from 66.62% in the prior quarter.
• The five-year high for Gross Margin was 96.12% in Q4 2022, with the low at 10.71% in Q3 2022.
• Historically, Gross Margin has averaged 72.17% across 5 years, with a median of 70.2% in 2026.
• Annual changes were most pronounced in 2022 — Gross Margin sank 6449 bps — and 2023, when it jumped 7034 bps.
• i3 Verticals' Gross Margin stood at 96.12% in 2022, then slipped by 22 bps to 74.68% in 2023, then fell by 6 bps to 70.17% in 2024, then declined by 5 bps to 66.62% in 2025, then gained by 5 bps to 70.2% in 2026.
• The last three Gross Margin figures came in at 70.2% (Q1 2026), 66.62% (Q4 2025), and 67.76% (Q3 2025), per Business Quant data.