i3 Verticals (IIIV) Operating Expenses (2017 - 2026)
i3 Verticals (IIIV) posted quarterly Operating Expenses of $53.8 million for Q1 2026, up 9.58% year-over-year from $49.1 million in Q1 2025, and up 5.31% quarter-over-quarter from $51.1 million in Q4 2025.
i3 Verticals (IIIV) Operating Expenses (2017 - 2026) Analysis & Trends
i3 Verticals' Operating Expenses history runs 10 years deep, the most recent figure standing at $53.8 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 9.58% year-over-year to $53.8 million; the TTM figure through Mar 2026 stood at $215.0 million (up 10.44% YoY), while the FY2025 annual figure 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.
- The 5-year median for Operating Expenses is $53.6 million (2023), against an average of $53.3 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 147.16% in 2022, then soared 167.33% in 2023.
- 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.
- Business Quant data shows IIIV's Operating Expenses at $53.8 million in Q1 2026, $51.1 million in Q4 2025, and $53.4 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | i3 Verticals | 314.99 Mn | 312.34 Mn | 36.75 Mn | 53.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 53.96 Mn |
| Mar 31, 2026 | 53.78 Mn |
| Dec 31, 2025 | 51.06 Mn |
| Sep 30, 2025 | 53.43 Mn |
| Jun 30, 2025 | 56.71 Mn |
| Mar 31, 2025 | 49.07 Mn |
| Dec 31, 2024 | 50.17 Mn |
| Sep 30, 2024 | 47.91 Mn |
| Jun 30, 2024 | 47.49 Mn |
| Mar 31, 2024 | 55.48 Mn |
| Dec 31, 2023 | 53.57 Mn |
| Sep 30, 2023 | 21.13 Mn |
| Jun 30, 2023 | 61.84 Mn |
| Mar 31, 2023 | 88.43 Mn |
| Dec 31, 2022 | 80.19 Mn |
| Sep 30, 2022 | -31.38 Mn |
| Jun 30, 2022 | 83.28 Mn |
| Mar 31, 2022 | 84.30 Mn |
| Dec 31, 2021 | 74.69 Mn |
| Sep 30, 2021 | 66.55 Mn |