Growth Metrics

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

i3 Verticals filings provide 10 years of Gross Margin readings, the most recent being 70.2% for Q1 2026.

  • Quarterly Gross Margin rose 83.0% to 70.2% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 68.13% through Mar 2026, down 70.0% year-over-year, with the annual reading at 68.76% for FY2025, 41.0% up from the prior year.
  • Gross Margin hit 70.2% in Q1 2026 for i3 Verticals, up from 66.62% in the prior quarter.
  • Across five years, Gross Margin topped out at 96.12% in Q4 2022 and bottomed at 10.71% in Q3 2022.
  • Average Gross Margin over 5 years is 72.17%, with a median of 70.2% recorded in 2026.
  • The largest annual shift saw Gross Margin tumbled -6449bps in 2022 before it surged 7034bps in 2023.
  • i3 Verticals' Gross Margin stood at 96.12% in 2022, then dropped by -22bps to 74.68% in 2023, then dropped by -6bps to 70.17% in 2024, then fell by -5bps to 66.62% in 2025, then increased by 5bps to 70.2% in 2026.
  • Per Business Quant, the three most recent readings for IIIV's Gross Margin are 70.2% (Q1 2026), 66.62% (Q4 2025), and 67.76% (Q3 2025).