i3 Verticals, Inc. (IIIV) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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IIIV Revenue Growth
Revenue Breakdown (FY 2025)
IIIV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
IIIV Revenue Analysis (2016–2025)
As of May 8, 2026, i3 Verticals, Inc. (IIIV) generated trailing twelve-month (TTM) revenue of $222.5 million, reflecting significant decline in growth of -14.6% year-over-year. The most recent quarter (Q1 2026) recorded $52.7 million in revenue, down 4.1% sequentially.
Looking at the longer-term picture, IIIV's 5-year compound annual growth rate (CAGR) stands at +7.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $376.3 million in 2019.
Revenue diversification analysis shows IIIV's business is primarily driven by License and Service (94%), and Other Revenue (6%). With over half of revenue concentrated in License and Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PCOR (+14.9% YoY), TNET (-3.0% YoY), and EVTC (+9.4% YoY), IIIV has underperformed the peer group in terms of revenue growth. Compare IIIV vs PCOR →
IIIV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IIIVCurrent | $223M | -14.6% | +7.3% | 1.9% | |
 PCOR | $1.3B | +14.9% | +27.0% | -8.9% | |
 TNET | $5.0B | -3.0% | +4.4% | 5.3% | |
 EVTC | $932M | +9.4% | +12.8% | 20.0% | |
 CSGS | $1.2B | +3.0% | +4.3% | 24.5% |
IIIV Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $213.2M | -7.3% | $118.7M | 55.7% | $4.0M | 1.9% |
| 2024 | $229.9M | +21.2% | $211.3M | 91.9% | $6.9M | 3.0% |
| 2023 | $189.7M | +1.0% | $134.9M | 71.1% | $-4,411,000 | -2.3% |
| 2022 | $187.8M | -16.2% | $174.9M | 93.2% | $-23,141,000 | -12.3% |
| 2021 | $224.1M | +49.3% | $166.4M | 74.3% | $-12,000 | -0.0% |
| 2020 | $150.1M | -60.1% | $102.9M | 68.5% | $7.8M | 5.2% |
| 2019 | $376.3M | +16.3% | $89.2M | 23.7% | $6.4M | 1.7% |
| 2018 | $323.5M | +23.2% | $68.7M | 21.2% | $12.4M | 3.8% |
| 2017 | $262.6M | +31.5% | $44.7M | 17.0% | $7.6M | 2.9% |
| 2016 | $199.6M | - | $36.7M | 18.4% | $4.0M | 2.0% |
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Start ComparisonIIIV — Frequently Asked Questions
Quick answers to the most common questions about buying IIIV stock.
Is IIIV's revenue growth accelerating or slowing?
IIIV revenue declined -14.6% year-over-year, contrasting with the 5-year CAGR of +7.3%. TTM revenue fell to $223M. This reverses the prior growth trend.
What is IIIV's long-term revenue growth rate?
i3 Verticals, Inc.'s 5-year revenue CAGR of +7.3% reflects the variable expansion pattern. Current YoY growth of -14.6% is below this long-term average.
How is IIIV's revenue distributed by segment?
IIIV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.