What is i3 Verticals, Inc.'s SG&A?

i3 Verticals, Inc. (IIIV) reported SG&A of $29.06M in Q1 2026.

How has i3 Verticals, Inc.'s SG&A changed year-over-year?

i3 Verticals, Inc.'s SG&A increased by 10.6% year-over-year, from $26.28M to $29.06M.

What is the long-term trend for i3 Verticals, Inc.'s SG&A?

Over 3 years (2021 to 2025), i3 Verticals, Inc.'s SG&A has grown at a -5.3% compound annual growth rate (CAGR), from $134.87M to $114.66M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

i3 Verticals, Inc. IIIV SG&A

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Other financials

Income statement

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Revenue$57.5M+6.2%

Gross profit$56.0M—

Operating income$3.7M-26.0%

Net income$1.5M+1,051%

EPS (diluted)$0.07+75.0%

Balance sheet

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Cash & equivalents$10.1M-1.5%

Total debt$85.6M+327%

Total equity$317.4M-17.6%

Total assets$636.4M-1.5%

Cash flow

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Operating cash flow$10.0M+137%

CapEx$407.0K-18.8%

Free cash flow$9.6M+135%

Valuation

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Market cap$392.76M-34.6%

Enterprise value$468.25M-23.3%

P/E21.9×+16.6×

P/S1.8×-1.1×

Profitability

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Gross margin100.6%—

Operating margin0.9%-3.6pp

Net margin8.3%-46.8pp

FCF margin20.2%+17.6pp

Returns & leverage

See full

Return on equity5.1%-30.3pp

Debt / equity0.3×+0.2×

Current ratio1.3×+0.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: i3 Verticals, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is i3 Verticals, Inc.'s SG&A?: i3 Verticals, Inc. (IIIV) reported SG&A of $29.06M in Q1 2026.
How has i3 Verticals, Inc.'s SG&A changed year-over-year?: i3 Verticals, Inc.'s SG&A increased by 10.6% year-over-year, from $26.28M to $29.06M.
What is the long-term trend for i3 Verticals, Inc.'s SG&A?: Over 3 years (2021 to 2025), i3 Verticals, Inc.'s SG&A has grown at a -5.3% compound annual growth rate (CAGR), from $134.87M to $114.66M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.