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i3 Verticals (IIIV) Operating Expenses (2017 - 2025)

i3 Verticals (IIIV) has 9 years of Operating Expenses data on record, last reported at $51.1 million in Q4 2025.

  • For Q4 2025, Operating Expenses rose 1.78% year-over-year to $51.1 million; the TTM value through Dec 2025 reached $210.3 million, changed 0.0%, while the annual FY2025 figure was $209.4 million, 12.04% up from the prior year.
  • Operating Expenses reached $51.1 million in Q4 2025 per IIIV's latest filing, up from $43.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $88.4 million in Q1 2023 and bottomed at -$65.8 million in Q3 2023.
  • Average Operating Expenses over 5 years is $56.9 million, with a median of $57.9 million recorded in 2025.
  • Peak YoY movement for Operating Expenses: tumbled 184.36% in 2023, then soared 172.79% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $74.7 million in 2021, then rose by 7.36% to $80.2 million in 2022, then plummeted by 33.2% to $53.6 million in 2023, then fell by 6.35% to $50.2 million in 2024, then grew by 1.78% to $51.1 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $51.1 million in Q4 2025, $43.4 million in Q3 2025, and $56.7 million in Q2 2025.