i3 Verticals (IIIV) Operating Expenses (2017 - 2026)

i3 Verticals' Operating Expenses history runs 10 years deep, the most recent figure standing at $53.8 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 9.58% year-over-year to $53.8 million in Q1 2026; TTM through Mar 2026 was $215.0 million, a 10.44% increase from a year earlier, with the FY2025 full-year figure at $209.4 million, up 12.04% from the prior year.
• Operating Expenses rose to $53.8 million in Q1 2026 per IIIV's latest filing, from $51.1 million in the prior quarter.
• Across five years, Operating Expenses topped out at $88.4 million in Q1 2023 and bottomed at -$31.4 million in Q3 2022.
• The 5-year median for Operating Expenses is $53.6 million (2023), against an average of $53.3 million.
• Across the five-year window, Operating Expenses slumped 147.16% in 2022 and soared 167.33% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $80.2 million in 2022, then tumbled by 33.2% to $53.6 million in 2023, then slipped by 6.35% to $50.2 million in 2024, then gained by 1.78% to $51.1 million in 2025, then rose by 5.31% to $53.8 million in 2026.
• Per Business Quant, the three latest IIIV Operating Expenses figures stand at $53.8 million (Q1 2026), $51.1 million (Q4 2025), and $53.4 million (Q3 2025).