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i3 Verticals, Inc. IIIV Reportable Segment — Technology operating expenses

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Other financials

Income statement

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Revenue$53.1M+2.2%
Gross profit$56.0M
Operating income-$892.0K+81.5%
Net income$3.5M-73.0%
EPS (diluted)$0.19+733%

Balance sheet

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Cash & equivalents$5.4M-90.2%
Total debt$118.9M+2,105%
Total equity$280.5M-26.8%
Total assets$627.0M+0.6%

Cash flow

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Operating cash flow$14.3M+94.0%
CapEx$1.3M+141%
Free cash flow$13.0M+90.3%

Valuation

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Market cap$328.44M-56.3%
Enterprise value$441.87M-36.9%
P/E38.6×+32.9×
P/S1.5×-2.1×

Profitability

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Gross margin100.6%
Operating margin2.7%0.0pp
Net margin3.9%-59.4pp
FCF margin22.9%+20.6pp

Returns & leverage

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Return on equity2.6%-39.4pp
Debt / equity0.4×+0.4×
Current ratio1.2×-0.8×

Where this comes from

Reported directly by i3 Verticals, Inc. in its filing.

Tagged under the XBRL concept iiiv:TechnologyCostAndExpenseOperating.

The source filing: i3 Verticals, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:27 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001728688-26-000045
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Revenue$53,067$51,901$163,256$158,257
Less:
Costs of services (excluding depreciation and amortization)16,06216,54650,27348,363
People operating expenses16,22315,95747,55747,126
Technology operating expenses2,0522,0516,3726,810
Other operating expenses(1)5,4184,62315,53812,822
Other segment expenses(2)7,43413,72034,35939,019
Net income (loss) from continuing operations$5,878$(996)$9,157$4,117

Item 1. Financial Statements (Unaudited)

FAQ

What is i3 Verticals, Inc.'s reportable segment — technology operating expenses?
i3 Verticals, Inc. (IIIV) reported reportable segment — technology operating expenses of $2.05M in Q2 2026.
How has i3 Verticals, Inc.'s reportable segment — technology operating expenses changed year-over-year?
i3 Verticals, Inc.'s reportable segment — technology operating expenses increased by 0.0% year-over-year, from $2.05M to $2.05M.
What is the long-term trend for i3 Verticals, Inc.'s reportable segment — technology operating expenses?
Over 2 years (2023 to 2025), i3 Verticals, Inc.'s reportable segment — technology operating expenses has grown at a 16.9% compound annual growth rate (CAGR), from $6.5M to $8.89M.
What does reportable segment — technology operating expenses mean?
This metric tracks the costs incurred for maintaining and upgrading the technological infrastructure and software platforms utilized by the segment. It includes expenses related to data centers, cloud services, and software maintenance essential for service delivery. High investment in this area is often necessary to ensure platform reliability and competitive differentiation.

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