i3 Verticals (IIIV) Operating Leases (2020 - 2026)
i3 Verticals' (IIIV) quarterly Operating Leases came in at $2.8 million in Q1 2026, down 40.14% year-on-year from $4.7 million in Q1 2025, and down 38.53% quarter-over-quarter from $4.6 million in Q4 2025.
i3 Verticals (IIIV) Operating Leases (2020 - 2026) Analysis & Trends
i3 Verticals' Operating Leases history runs 7 years deep, the most recent figure standing at $2.8 million for Q1 2026.
- On a quarterly basis, Operating Leases fell 40.14% year-over-year to $2.8 million in Q1 2026; TTM through Mar 2026 was $2.8 million, a 40.14% decrease from a year earlier, with the FY2025 full-year figure at $3.0 million, down 39.39% from the prior year.
- Operating Leases fell to $2.8 million in Q1 2026 per IIIV's latest filing, from $4.6 million in the prior quarter.
- Across five years, Operating Leases topped out at $19.6 million in Q2 2022 and bottomed at $2.8 million in Q1 2026.
- The 5-year median for Operating Leases is $10.4 million (2024), against an average of $10.1 million.
- Across the five-year window, Operating Leases grew 29.82% in 2022 and plunged 67.71% in 2025, its largest moves.
- Year by year, Operating Leases stood at $18.1 million in 2022, then decreased by 24.41% to $13.7 million in 2023, then tumbled by 60.44% to $5.4 million in 2024, then declined by 15.23% to $4.6 million in 2025, then slumped by 38.53% to $2.8 million in 2026.
- Per Business Quant, the three latest IIIV Operating Leases figures stand at $2.8 million (Q1 2026), $4.6 million (Q4 2025), and $3.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn |
| 10 | i3 Verticals | 465.19 Mn | 458.05 Mn | 40.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.83 Mn |
| Dec 31, 2025 | 4.60 Mn |
| Sep 30, 2025 | 2.96 Mn |
| Jun 30, 2025 | 3.37 Mn |
| Mar 31, 2025 | 4.72 Mn |
| Dec 31, 2024 | 5.42 Mn |
| Sep 30, 2024 | 4.89 Mn |
| Jun 30, 2024 | 10.43 Mn |
| Mar 31, 2024 | 13.78 Mn |
| Dec 31, 2023 | 13.71 Mn |
| Sep 30, 2023 | 8.97 Mn |
| Jun 30, 2023 | 11.28 Mn |
| Mar 31, 2023 | 16.39 Mn |
| Dec 31, 2022 | 18.14 Mn |
| Sep 30, 2022 | 13.99 Mn |
| Jun 30, 2022 | 19.65 Mn |
| Mar 31, 2022 | 16.02 Mn |
| Dec 31, 2021 | 21.06 Mn |
| Sep 30, 2021 | 11.96 Mn |
| Jun 30, 2021 | 15.13 Mn |