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

i3 Verticals has reported Operating Expenses for 10 years, with the latest figure at $53.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 9.58% year-over-year to $53.8 million; the trailing twelve-month figure through Mar 2026 stood at $215.0 million (up 10.44% YoY), and the FY2025 full-year result was $209.4 million, up 12.04% from the prior year.
• Operating Expenses for Q1 2026 stood at $53.8 million, up from $51.1 million in the prior quarter.
• The five-year high for Operating Expenses was $88.4 million in Q1 2023, with the low at -$31.4 million in Q3 2022.
• Historically, Operating Expenses has averaged $53.3 million across 5 years, with a median of $53.6 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 147.16% — and 2023, when it jumped 167.33%.
• i3 Verticals' Operating Expenses stood at $80.2 million in 2022, then plunged by 33.2% to $53.6 million in 2023, then decreased by 6.35% to $50.2 million in 2024, then rose by 1.78% to $51.1 million in 2025, then increased by 5.31% to $53.8 million in 2026.
• The last three Operating Expenses figures came in at $53.8 million (Q1 2026), $51.1 million (Q4 2025), and $53.4 million (Q3 2025), per Business Quant data.