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

i3 Verticals' Gross Margin history runs 10 years deep, the most recent figure standing at 70.2% for Q1 2026.

• On a quarterly basis, Gross Margin rose 83.0% year-over-year to 70.2% in Q1 2026; TTM through Mar 2026 was 68.13%, a 70.0% decrease from a year earlier, with the FY2025 full-year figure at 68.76%, up 41.0% from the prior year.
• Gross Margin rose to 70.2% in Q1 2026 per IIIV's latest filing, 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.
• The 5-year median for Gross Margin is 70.2% (2026), against an average of 72.17%.
• Across the five-year window, Gross Margin sank 6449 bps in 2022 and soared 7034 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 96.12% in 2022, then dropped by 22 bps to 74.68% in 2023, then retreated by 6 bps to 70.17% in 2024, then fell by 5 bps to 66.62% in 2025, then advanced by 5 bps to 70.2% in 2026.
• Per Business Quant, the three latest IIIV Gross Margin figures stand at 70.2% (Q1 2026), 66.62% (Q4 2025), and 67.76% (Q3 2025).