What are i3 Verticals, Inc.'s profit margins?

i3 Verticals, Inc. (IIIV) runs a 100.6% gross margin and a 0.9% operating margin, with a 8.3% net margin.

Where do i3 Verticals, Inc.'s ratios come from?

Every ratio is computed from i3 Verticals, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

i3 Verticals, Inc. IIIV Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Operating margin	0.9%-3.6pp	1.6%-1.4pp	1.8%-0.3pp	2.7%+1.5pp	4.5%+5.1pp
Net margin	8.3%-46.8pp	7.6%-47.4pp	8.4%-45.5pp	63.3%+63.3pp	55.1%+53.8pp
EBITDA margin	14.1%-3.5pp	14.6%-2.7pp	14.9%-2.8pp	15.9%-5.0pp	17.7%-1.9pp
Free cash flow margin	20.2%+17.6pp	3.1%-17.5pp	1.8%-19.8pp	2.3%-20.1pp	2.6%-14.8pp
Returns
Return on equity	5.1%-30.3pp	4.4%-32.6pp	4.6%-32.1pp	41.9%+41.9pp	35.4%+34.4pp
Return on assets	2.8%-14.9pp	2.5%-14.3pp	2.6%-11.4pp	17.9%+17.9pp	17.6%+17.3pp
Return on invested capital	0.3%-1.5pp	0.5%-0.8pp	0.6%-0.3pp	1.2%+0.8pp	1.8%+2.0pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×+0.1×	0.3×+0.1×	0.3×+0.1×
Liquidity
Current ratio	1.3×+0.2×	1.6×+0.7×	1.9×+1.0×	2×-1.0×	1.2×+0.4×
Quick ratio	1.3×+0.1×	1.6×+0.6×	1.9×+1.0×	2×-1.0×	1.1×+0.4×
Cash ratio	0.2×0.0×	0.6×+0.1×	1×+0.4×	1×+0.8×	0.2×+0.1×
Leverage
Debt-to-equity	0.3×+0.2×	0×-0.1×	0×-0.1×	0×-1.5×	0.1×-1.5×
Debt-to-assets	0.1×+0.1×	0×0.0×	0×0.0×	0×-0.4×	0×-0.6×
Net debt / EBITDA	2.5×+2.2×	-1.1×+0.4×	-2×-0.5×	-1.5×-11.3×	0.3×-9.8×
Per Share
Book value per share	$10.38—	$14.29+29.8%	$11.40+1.7%	$11.29+6.0%	——
Valuation
Market capitalization	$392.76M-34.6%	$603.86M+11.5%	$775.05M+55.3%	$625.71M+21.5%	$577.98M+8.5%
Enterprise value	$468.25M-23.3%	$569.28M+16.8%	$712.51M+59.9%	$575.29M-35.1%	$587.77M-35.3%
Price / earnings	21.9×+16.6×	37×+32.3×	43.4×+39.0×	4.7×—	5.1×-220×
Price / sales	1.8×-1.1×	2.8×+0.2×	3.6×+1.3×	3×+0.1×	2.8×+0.1×
Price / book	1.2×-0.3×	1.7×+0.2×	2×+0.7×	1.6×-0.4×	1.5×-0.6×
EV / EBITDA	15.3×-1.7×	18.2×+4.7×	22.5×+10.5×	17.3×-6.2×	16.3×-7.9×
EV / sales	2.2×-0.8×	2.7×+0.3×	3.3×+1.2×	2.7×-2.2×	2.9×-1.9×
Free cash flow yield	11.1%+10.3pp	1.1%-6.8pp	0.5%-8.6pp	0.8%-7.1pp	0.9%-5.3pp
Earnings yield	4.6%-14.1pp	2.7%-18.4pp	2.3%-20.4pp	21.2%+21.2pp	19.4%+19.0pp

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Questions, answered.

What are i3 Verticals, Inc.'s profit margins?: i3 Verticals, Inc. (IIIV) runs a 100.6% gross margin and a 0.9% operating margin, with a 8.3% net margin.
Where do i3 Verticals, Inc.'s ratios come from?: Every ratio is computed from i3 Verticals, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.