i3 Verticals (IIIV) Net Margin (2017 - 2025)
i3 Verticals (IIIV) reported Net Margin of 0.26% for Q4 2025, down 65.0% on a YoY basis from 0.75% in Q4 2024, and down 107.47% quarter-over-quarter from 3.51% in Q3 2025.
i3 Verticals (IIIV) Net Margin (2017 - 2025) Analysis & Trends
i3 Verticals has reported Net Margin for 9 years, with the latest figure at 0.26% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 65.0% year-over-year to 0.26%; the trailing twelve-month figure through Mar 2026 stood at 6.95% (down 4933.0% YoY), and the FY2025 full-year result was 6.68%, down 9329.0% from the prior year.
- Net Margin for Q4 2025 stood at 0.26%, down from 3.51% in the prior quarter.
- The five-year high for Net Margin was 217.15% in Q3 2024, with the low at 13.36% in Q1 2022.
- Historically, Net Margin has averaged 15.76% across 5 years, with a median of 3.94% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin surged 19868 bps — and 2025, when it tumbled 21364 bps.
- i3 Verticals' Net Margin stood at 4.98% in 2021, then soared by 194 bps to 4.7% in 2022, then surged by 79 bps to 8.42% in 2023, then sank by 95 bps to 0.38% in 2024, then sank by 168 bps to 0.26% in 2025.
- The last three Net Margin figures came in at 0.26% (Q4 2025), 3.51% (Q3 2025), and 25.61% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.58% |
| 10 | i3 Verticals | 446.07 Mn | 559.79 Mn | 40.38 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.26% |
| Sep 30, 2025 | 3.51% |
| Jun 30, 2025 | 25.61% |
| Mar 31, 2025 | -2.17% |
| Dec 31, 2024 | 0.38% |
| Sep 30, 2024 | 217.15% |
| Jun 30, 2024 | 9.21% |
| Mar 31, 2024 | 6.66% |
| Dec 31, 2023 | 8.42% |
| Sep 30, 2023 | 18.47% |
| Jun 30, 2023 | 5.04% |
| Mar 31, 2023 | 4.38% |
| Dec 31, 2022 | 4.70% |
| Sep 30, 2022 | 45.14% |
| Jun 30, 2022 | -5.82% |
| Mar 31, 2022 | -13.36% |
| Dec 31, 2021 | -4.98% |
| Sep 30, 2021 | -2.90% |
| Jun 30, 2021 | -6.65% |
| Mar 31, 2021 | 2.70% |