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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

i3 Verticals, Inc. is the larger business by last-quarter revenue ($52.7M vs $50.4M, roughly 1.0× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 0.9%, a 419.3% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -14.6%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -4.7%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

ARR vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.0× larger
IIIV
$52.7M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+312.5% gap
ARR
297.9%
-14.6%
IIIV
Higher net margin
ARR
ARR
419.3% more per $
ARR
420.2%
0.9%
IIIV
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARR
ARR
IIIV
IIIV
Revenue
$50.4M
$52.7M
Net Profit
$211.7M
$484.0K
Gross Margin
Operating Margin
3.1%
Net Margin
420.2%
0.9%
Revenue YoY
297.9%
-14.6%
Net Profit YoY
555.9%
-76.5%
EPS (diluted)
$2.43
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARR
ARR
IIIV
IIIV
Q4 25
$50.4M
$52.7M
Q3 25
$38.5M
$46.0M
Q2 25
$33.1M
$51.9M
Q1 25
$36.3M
$63.1M
Q4 24
$12.7M
$52.2M
Q3 24
$32.0M
Q2 24
$7.0M
$46.2M
Q1 24
$58.0M
Net Profit
ARR
ARR
IIIV
IIIV
Q4 25
$211.7M
$484.0K
Q3 25
$159.3M
$3.1M
Q2 25
$-75.6M
$12.9M
Q1 25
$27.3M
$-154.0K
Q4 24
$-46.4M
$2.1M
Q3 24
$117.9M
Q2 24
$-48.4M
$-7.5M
Q1 24
$1.9M
Operating Margin
ARR
ARR
IIIV
IIIV
Q4 25
3.1%
Q3 25
3.2%
Q2 25
-9.3%
Q1 25
8.0%
Q4 24
3.9%
Q3 24
10.6%
Q2 24
-2.8%
Q1 24
3.4%
Net Margin
ARR
ARR
IIIV
IIIV
Q4 25
420.2%
0.9%
Q3 25
413.5%
6.7%
Q2 25
-228.4%
24.8%
Q1 25
75.2%
-0.2%
Q4 24
-366.8%
3.9%
Q3 24
368.2%
Q2 24
-693.8%
-16.3%
Q1 24
3.2%
EPS (diluted)
ARR
ARR
IIIV
IIIV
Q4 25
$2.43
$0.02
Q3 25
$1.49
$0.14
Q2 25
$-0.94
$0.50
Q1 25
$0.32
$0.00
Q4 24
$-0.91
$0.08
Q3 24
$4.93
Q2 24
$-1.05
$-0.32
Q1 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$63.3M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$358.5M
Total Assets
$21.0B
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
IIIV
IIIV
Q4 25
$63.3M
$37.5M
Q3 25
$44.2M
$66.7M
Q2 25
$141.2M
$55.5M
Q1 25
$49.1M
$7.7M
Q4 24
$68.0M
$85.6M
Q3 24
$86.5M
Q2 24
$126.6M
$9.7M
Q1 24
$3.1M
Total Debt
ARR
ARR
IIIV
IIIV
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$12.0M
Q4 24
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Q1 24
$369.6M
Stockholders' Equity
ARR
ARR
IIIV
IIIV
Q4 25
$2.3B
$358.5M
Q3 25
$2.1B
$389.6M
Q2 25
$1.7B
$383.3M
Q1 25
$1.7B
$385.2M
Q4 24
$1.4B
$375.0M
Q3 24
$379.7M
Q2 24
$1.2B
$249.7M
Q1 24
$249.3M
Total Assets
ARR
ARR
IIIV
IIIV
Q4 25
$21.0B
$595.9M
Q3 25
$19.4B
$638.4M
Q2 25
$16.2B
$623.3M
Q1 25
$15.5B
$646.4M
Q4 24
$13.5B
$726.2M
Q3 24
$730.7M
Q2 24
$10.1B
$861.7M
Q1 24
$625.8M
Debt / Equity
ARR
ARR
IIIV
IIIV
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
1.50×
Q1 24
1.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARR
ARR
IIIV
IIIV
Operating Cash FlowLast quarter
$124.2M
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
0.59×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
IIIV
IIIV
Q4 25
$124.2M
$14.1M
Q3 25
$-37.8M
$14.0M
Q2 25
$25.0M
$7.4M
Q1 25
$101.5M
$-27.1M
Q4 24
$261.5M
$11.5M
Q3 24
$15.1M
Q2 24
$27.1M
$8.1M
Q1 24
$10.7M
Free Cash Flow
ARR
ARR
IIIV
IIIV
Q4 25
$13.8M
Q3 25
$13.5M
Q2 25
$6.8M
Q1 25
$-27.6M
Q4 24
$11.0M
Q3 24
$14.6M
Q2 24
$7.2M
Q1 24
$9.9M
FCF Margin
ARR
ARR
IIIV
IIIV
Q4 25
26.2%
Q3 25
29.5%
Q2 25
13.1%
Q1 25
-43.8%
Q4 24
21.1%
Q3 24
45.6%
Q2 24
15.6%
Q1 24
17.1%
Capex Intensity
ARR
ARR
IIIV
IIIV
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
1.7%
Q2 24
1.9%
Q1 24
1.4%
Cash Conversion
ARR
ARR
IIIV
IIIV
Q4 25
0.59×
29.18×
Q3 25
-0.24×
4.52×
Q2 25
0.57×
Q1 25
3.71×
Q4 24
5.59×
Q3 24
0.13×
Q2 24
Q1 24
5.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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