$re = '/\(\_IF\_\(\%([a-zA-Z0-9_]+)\=([a-zA-Z0-9_]+)\)\{(?:((?R))|[^{}])+\}\)/';
$str = '<div class="right-side w-37">
(_IF_(%verified=1){
(_IF_(%post_on_profile=1){
what is going on!!
})
})
</div>';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php