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i3 Verticals (IIIV) Revenue & Revenue Breakdown

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i3 Verticals Revenue Highlights

Latest Revenue (Y)

$213.16M

Latest Revenue (Q)

$52.67M

Main Segment (Y)

License and Service

i3 Verticals Revenue by Period

i3 Verticals Revenue by Year

DateRevenueChange
2025-09-30$213.16M-7.29%
2024-09-30$229.92M-37.90%
2023-09-30$370.24M97.20%
2022-09-30$187.75M-16.23%
2021-09-30$224.12M49.28%
2020-09-30$150.13M-60.10%
2019-09-30$376.31M16.32%
2018-09-30$323.51M23.21%
2017-09-30$262.57M31.52%
2016-09-30$199.64M-

i3 Verticals generated $213.16M in revenue during NA 2025, up -7.29% compared to the previous quarter, and up 141.98% compared to the same period a year ago.

i3 Verticals Revenue by Quarter

DateRevenueChange
2025-12-31$52.67M-4.06%
2025-09-30$54.90M5.78%
2025-06-30$51.90M-17.69%
2025-03-31$63.06M2.22%
2024-12-31$61.69M1.36%
2024-09-30$60.86M8.61%
2024-06-30$56.04M-3.33%
2024-03-31$57.97M5.29%
2023-12-31$55.05M-42.89%
2023-09-30$96.41M68.37%
2023-06-30$57.26M-39.00%
2023-03-31$93.87M9.12%
2022-12-31$86.03M0.91%
2022-09-30$85.25M5.83%
2022-06-30$80.55M3.11%
2022-03-31$78.12M5.65%
2021-12-31$73.94M4.16%
2021-09-30$70.98M12.44%
2021-06-30$63.13M28.32%
2021-03-31$49.20M10.26%
2020-12-31$44.62M16.59%
2020-09-30$38.27M21.22%
2020-06-30$31.57M-19.41%
2020-03-31$39.18M-4.70%
2019-12-31$41.11M-62.13%
2019-09-30$108.56M11.37%
2019-06-30$97.48M14.16%
2019-03-31$85.39M0.62%
2018-12-31$84.87M0.97%
2018-09-30$84.05M-0.57%
2018-06-30$84.54M8.80%
2018-03-31$77.70M0.62%
2017-12-31$77.22M7.58%
2017-09-30$71.78M8.22%
2017-06-30$66.33M6.41%
2016-12-31$62.33M-

i3 Verticals generated $52.67M in revenue during Q1 2026, up -4.06% compared to the previous quarter, and up 86.54% compared to the same period a year ago.

i3 Verticals Revenue Breakdown

i3 Verticals Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceSep 25Sep 24Sep 23Sep 22Sep 21
Other Revenue$10.06M$10.52M---
License and Service$149.04M$169.06M---
Software And Services--$232.97M$40.95M-
Corporate and Other--$-29.00K$-8.00K$-2.10M
Merchant Services--$137.34M$103.51M$92.33M
Proprietary Owned Software----$29.45M

i3 Verticals's latest annual revenue breakdown by segment (product or service), as of Sep 25: License and Service (93.68%), and Other Revenue (6.32%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
License and Service$35.68M$20.90M$36.24M$46.22M$45.67M$79.78M$45.66M$43.62M------------
Other Revenue$2.51M$2.30M$2.56M$2.69M$2.50M$1.70M$4.45M$4.37M------------
Payments Revenue------$44.43M$43.99M------------
Software And Services--------$193.67M$12.26M$14.29M$12.75M--------
Corporate and Other---------$-4.00K$-10.00K$-8.00K$21.00K$-11.00K$-14.00K$-4.00K$-459.00K$-542.00K$-668.00K$-433.00K
Merchant Services--------$52.37M$29.73M$27.63M$27.61M$28.14M$27.14M$23.93M$24.30M$25.27M$25.00M$21.52M-
Proprietary Owned Software-------------$9.56M$10.62M$9.17M$8.70M$7.77M$7.49M$18.78M
MerchantServicesMember-------------------$24.97M

i3 Verticals's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: License and Service (93.42%), and Other Revenue (6.58%).

i3 Verticals Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CINTCI&T$2.23B$523.51M
PRTHPriority Technology$953.01M$241.44M
GDYNGrid Dynamics$411.83M$104.16M
RSKDRiskified$297.61M$76.41M
IIIVi3 Verticals$213.16M$52.67M
VTEXVtex$201.52M$52.65M
DCBODocebo$180.84M$51.17M
RDVTRed Violet$90.25M$23.08M
OWLSOBOOK$7.57M$1.98M
ARQQArqit Quantum$640.00K$59.50K

IIIV Revenue FAQ

What is i3 Verticals’s yearly revenue?

i3 Verticals's yearly revenue for 2025 was $213.16M, representing a decrease of -7.29% compared to 2024. The company's yearly revenue for 2024 was $229.92M, representing a decrease of -37.90% compared to 2023. IIIV's yearly revenue for 2023 was $370.24M, representing an increase of 97.20% compared to 2022.

What is i3 Verticals’s quarterly revenue?

i3 Verticals's quarterly revenue for Q1 2026 was $52.67M, a -4.06% decrease from the previous quarter (Q4 2025), and a -14.62% decrease year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $54.9M, a 5.78% increase from the previous quarter (Q3 2025), and a -9.80% decrease year-over-year (Q4 2024). IIIV's quarterly revenue for Q3 2025 was $51.9M, a -17.69% decrease from the previous quarter (Q2 2025), and a -7.38% decrease year-over-year (Q3 2024).

What is i3 Verticals’s revenue growth rate?

i3 Verticals's revenue growth rate for the last 3 years (2023-2025) was -42.43%, and for the last 5 years (2021-2025) was -4.89%.

What are i3 Verticals’s revenue streams?

i3 Verticals's revenue streams in p 25 are Other Revenue, and License and Service. Other Revenue generated $10.06M in revenue, accounting 6.32% of the company's total revenue, down -4.45% year-over-year. License and Service generated $149.04M in revenue, accounting 93.68% of the company's total revenue, down -11.84% year-over-year.

What is i3 Verticals’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of i3 Verticals was License and Service. This segment made a revenue of $149.04M, representing 93.68% of the company's total revenue.