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Side-by-side financial comparison of A10 Networks, Inc. (ATEN) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

A10 Networks, Inc. is the larger business by last-quarter revenue ($75.0M vs $52.7M, roughly 1.4× i3 Verticals, Inc.). A10 Networks, Inc. runs the higher net margin — 16.0% vs 0.9%, a 15.1% gap on every dollar of revenue. On growth, A10 Networks, Inc. posted the faster year-over-year revenue change (13.4% vs -14.6%). Over the past eight quarters, A10 Networks, Inc.'s revenue compounded faster (11.7% CAGR vs -4.7%).

A10 Networks, Inc. is an American public company specializing in the manufacturing of application delivery controllers. Founded in 2004 by Lee Chen, co-founder of Foundry Networks, A10 originally serviced just the identity management market with its line of ID Series products. In early 2007, they added bandwidth management appliances. The company had its initial public offering on March 21, 2014, raising $187.5 million.

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...

ATEN vs IIIV — Head-to-Head

Bigger by revenue
ATEN
ATEN
1.4× larger
ATEN
$75.0M
$52.7M
IIIV
Growing faster (revenue YoY)
ATEN
ATEN
+28.0% gap
ATEN
13.4%
-14.6%
IIIV
Higher net margin
ATEN
ATEN
15.1% more per $
ATEN
16.0%
0.9%
IIIV
Faster 2-yr revenue CAGR
ATEN
ATEN
Annualised
ATEN
11.7%
-4.7%
IIIV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ATEN
ATEN
IIIV
IIIV
Revenue
$75.0M
$52.7M
Net Profit
$12.0M
$484.0K
Gross Margin
79.6%
Operating Margin
17.3%
3.1%
Net Margin
16.0%
0.9%
Revenue YoY
13.4%
-14.6%
Net Profit YoY
-76.5%
EPS (diluted)
$0.17
$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
ATEN
ATEN
IIIV
IIIV
Q1 26
$75.0M
Q4 25
$80.4M
$52.7M
Q3 25
$74.7M
$46.0M
Q2 25
$69.4M
$51.9M
Q1 25
$66.1M
$63.1M
Q4 24
$74.2M
$52.2M
Q3 24
$66.7M
$32.0M
Q2 24
$60.1M
$46.2M
Net Profit
ATEN
ATEN
IIIV
IIIV
Q1 26
$12.0M
Q4 25
$9.9M
$484.0K
Q3 25
$12.2M
$3.1M
Q2 25
$10.5M
$12.9M
Q1 25
$9.5M
$-154.0K
Q4 24
$18.3M
$2.1M
Q3 24
$12.6M
$117.9M
Q2 24
$9.5M
$-7.5M
Gross Margin
ATEN
ATEN
IIIV
IIIV
Q1 26
79.6%
Q4 25
78.7%
Q3 25
80.1%
Q2 25
78.9%
Q1 25
79.7%
Q4 24
79.9%
Q3 24
80.5%
Q2 24
80.0%
Operating Margin
ATEN
ATEN
IIIV
IIIV
Q1 26
17.3%
Q4 25
18.7%
3.1%
Q3 25
17.4%
3.2%
Q2 25
14.9%
-9.3%
Q1 25
13.3%
8.0%
Q4 24
24.8%
3.9%
Q3 24
15.7%
10.6%
Q2 24
13.2%
-2.8%
Net Margin
ATEN
ATEN
IIIV
IIIV
Q1 26
16.0%
Q4 25
12.3%
0.9%
Q3 25
16.3%
6.7%
Q2 25
15.2%
24.8%
Q1 25
14.4%
-0.2%
Q4 24
24.7%
3.9%
Q3 24
18.9%
368.2%
Q2 24
15.8%
-16.3%
EPS (diluted)
ATEN
ATEN
IIIV
IIIV
Q1 26
$0.17
Q4 25
$0.13
$0.02
Q3 25
$0.17
$0.14
Q2 25
$0.14
$0.50
Q1 25
$0.13
$0.00
Q4 24
$0.24
$0.08
Q3 24
$0.17
$4.93
Q2 24
$0.13
$-0.32

Balance Sheet & Financial Strength

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

Metric
ATEN
ATEN
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$57.9M
$37.5M
Total DebtLower is stronger
$219.2M
Stockholders' EquityBook value
$220.8M
$358.5M
Total Assets
$634.4M
$595.9M
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEN
ATEN
IIIV
IIIV
Q1 26
$57.9M
Q4 25
$684.6M
$37.5M
Q3 25
$370.9M
$66.7M
Q2 25
$367.4M
$55.5M
Q1 25
$355.8M
$7.7M
Q4 24
$195.6M
$85.6M
Q3 24
$182.1M
$86.5M
Q2 24
$177.1M
$9.7M
Total Debt
ATEN
ATEN
IIIV
IIIV
Q1 26
$219.2M
Q4 25
$218.8M
Q3 25
$218.4M
$0
Q2 25
$218.1M
$0
Q1 25
$217.7M
$12.0M
Q4 24
$0
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Stockholders' Equity
ATEN
ATEN
IIIV
IIIV
Q1 26
$220.8M
Q4 25
$211.5M
$358.5M
Q3 25
$206.2M
$389.6M
Q2 25
$204.0M
$383.3M
Q1 25
$195.9M
$385.2M
Q4 24
$231.8M
$375.0M
Q3 24
$217.3M
$379.7M
Q2 24
$214.4M
$249.7M
Total Assets
ATEN
ATEN
IIIV
IIIV
Q1 26
$634.4M
Q4 25
$629.8M
$595.9M
Q3 25
$620.1M
$638.4M
Q2 25
$607.9M
$623.3M
Q1 25
$606.2M
$646.4M
Q4 24
$432.8M
$726.2M
Q3 24
$407.7M
$730.7M
Q2 24
$397.2M
$861.7M
Debt / Equity
ATEN
ATEN
IIIV
IIIV
Q1 26
0.99×
Q4 25
1.03×
Q3 25
1.06×
0.00×
Q2 25
1.07×
0.00×
Q1 25
1.11×
0.03×
Q4 24
0.00×
0.07×
Q3 24
0.07×
Q2 24
1.50×

Cash Flow & Capital Efficiency

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

Metric
ATEN
ATEN
IIIV
IIIV
Operating Cash FlowLast quarter
$2.2M
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
3.9%
0.6%
Cash ConversionOCF / Net Profit
0.19×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEN
ATEN
IIIV
IIIV
Q1 26
$2.2M
Q4 25
$22.7M
$14.1M
Q3 25
$22.8M
$14.0M
Q2 25
$22.2M
$7.4M
Q1 25
$17.2M
$-27.1M
Q4 24
$25.7M
$11.5M
Q3 24
$20.1M
$15.1M
Q2 24
$12.2M
$8.1M
Free Cash Flow
ATEN
ATEN
IIIV
IIIV
Q1 26
Q4 25
$16.0M
$13.8M
Q3 25
$18.1M
$13.5M
Q2 25
$17.9M
$6.8M
Q1 25
$12.7M
$-27.6M
Q4 24
$23.3M
$11.0M
Q3 24
$16.7M
$14.6M
Q2 24
$8.7M
$7.2M
FCF Margin
ATEN
ATEN
IIIV
IIIV
Q1 26
Q4 25
20.0%
26.2%
Q3 25
24.2%
29.5%
Q2 25
25.9%
13.1%
Q1 25
19.2%
-43.8%
Q4 24
31.4%
21.1%
Q3 24
25.0%
45.6%
Q2 24
14.5%
15.6%
Capex Intensity
ATEN
ATEN
IIIV
IIIV
Q1 26
3.9%
Q4 25
8.3%
0.6%
Q3 25
6.3%
0.9%
Q2 25
6.1%
1.0%
Q1 25
6.8%
0.8%
Q4 24
3.2%
0.9%
Q3 24
5.2%
1.7%
Q2 24
5.8%
1.9%
Cash Conversion
ATEN
ATEN
IIIV
IIIV
Q1 26
0.19×
Q4 25
2.30×
29.18×
Q3 25
1.87×
4.52×
Q2 25
2.10×
0.57×
Q1 25
1.80×
Q4 24
1.40×
5.59×
Q3 24
1.59×
0.13×
Q2 24
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATEN
ATEN

Products$44.0M59%
Services$31.0M41%

IIIV
IIIV

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

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