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

BrightSpire Capital, Inc. is the larger business by last-quarter revenue ($83.2M vs $52.7M, roughly 1.6× i3 Verticals, Inc.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -17.3%, a 18.2% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -14.6%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $13.8M). Over the past eight quarters, i3 Verticals, Inc.'s revenue compounded faster (-4.7% CAGR vs -6.8%).

Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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...

BRSP vs IIIV — Head-to-Head

Bigger by revenue
BRSP
BRSP
1.6× larger
BRSP
$83.2M
$52.7M
IIIV
Growing faster (revenue YoY)
BRSP
BRSP
+14.3% gap
BRSP
-0.4%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
18.2% more per $
IIIV
0.9%
-17.3%
BRSP
More free cash flow
BRSP
BRSP
$41.3M more FCF
BRSP
$55.1M
$13.8M
IIIV
Faster 2-yr revenue CAGR
IIIV
IIIV
Annualised
IIIV
-4.7%
-6.8%
BRSP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BRSP
BRSP
IIIV
IIIV
Revenue
$83.2M
$52.7M
Net Profit
$-14.4M
$484.0K
Gross Margin
Operating Margin
3.1%
Net Margin
-17.3%
0.9%
Revenue YoY
-0.4%
-14.6%
Net Profit YoY
27.3%
-76.5%
EPS (diluted)
$-0.11
$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
BRSP
BRSP
IIIV
IIIV
Q4 25
$83.2M
$52.7M
Q3 25
$83.9M
$46.0M
Q2 25
$85.9M
$51.9M
Q1 25
$77.6M
$63.1M
Q4 24
$83.5M
$52.2M
Q3 24
$88.2M
$32.0M
Q2 24
$91.4M
$46.2M
Q1 24
$95.8M
$58.0M
Net Profit
BRSP
BRSP
IIIV
IIIV
Q4 25
$-14.4M
$484.0K
Q3 25
$984.0K
$3.1M
Q2 25
$-23.1M
$12.9M
Q1 25
$5.3M
$-154.0K
Q4 24
$-19.7M
$2.1M
Q3 24
$12.7M
$117.9M
Q2 24
$-67.9M
$-7.5M
Q1 24
$-57.1M
$1.9M
Operating Margin
BRSP
BRSP
IIIV
IIIV
Q4 25
3.1%
Q3 25
-1.7%
3.2%
Q2 25
-54.5%
-9.3%
Q1 25
5.1%
8.0%
Q4 24
-24.9%
3.9%
Q3 24
13.2%
10.6%
Q2 24
-74.9%
-2.8%
Q1 24
-59.4%
3.4%
Net Margin
BRSP
BRSP
IIIV
IIIV
Q4 25
-17.3%
0.9%
Q3 25
1.2%
6.7%
Q2 25
-26.9%
24.8%
Q1 25
6.9%
-0.2%
Q4 24
-23.7%
3.9%
Q3 24
14.4%
368.2%
Q2 24
-74.2%
-16.3%
Q1 24
-59.6%
3.2%
EPS (diluted)
BRSP
BRSP
IIIV
IIIV
Q4 25
$-0.11
$0.02
Q3 25
$0.00
$0.14
Q2 25
$-0.19
$0.50
Q1 25
$0.04
$0.00
Q4 24
$-0.16
$0.08
Q3 24
$0.09
$4.93
Q2 24
$-0.53
$-0.32
Q1 24
$-0.45
$0.08

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$66.8M
$37.5M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$938.4M
$358.5M
Total Assets
$3.6B
$595.9M
Debt / EquityLower = less leverage
2.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
IIIV
IIIV
Q4 25
$66.8M
$37.5M
Q3 25
$113.4M
$66.7M
Q2 25
$154.3M
$55.5M
Q1 25
$200.9M
$7.7M
Q4 24
$302.2M
$85.6M
Q3 24
$263.8M
$86.5M
Q2 24
$203.3M
$9.7M
Q1 24
$221.5M
$3.1M
Total Debt
BRSP
BRSP
IIIV
IIIV
Q4 25
$2.5B
Q3 25
$2.2B
$0
Q2 25
$2.3B
$0
Q1 25
$2.3B
$12.0M
Q4 24
$2.5B
$26.2M
Q3 24
$2.6B
$26.2M
Q2 24
$2.5B
$374.1M
Q1 24
$2.6B
$369.6M
Stockholders' Equity
BRSP
BRSP
IIIV
IIIV
Q4 25
$938.4M
$358.5M
Q3 25
$976.4M
$389.6M
Q2 25
$994.4M
$383.3M
Q1 25
$1.0B
$385.2M
Q4 24
$1.0B
$375.0M
Q3 24
$1.1B
$379.7M
Q2 24
$1.1B
$249.7M
Q1 24
$1.2B
$249.3M
Total Assets
BRSP
BRSP
IIIV
IIIV
Q4 25
$3.6B
$595.9M
Q3 25
$3.3B
$638.4M
Q2 25
$3.4B
$623.3M
Q1 25
$3.6B
$646.4M
Q4 24
$3.7B
$726.2M
Q3 24
$3.8B
$730.7M
Q2 24
$3.8B
$861.7M
Q1 24
$3.9B
$625.8M
Debt / Equity
BRSP
BRSP
IIIV
IIIV
Q4 25
2.63×
Q3 25
2.22×
0.00×
Q2 25
2.27×
0.00×
Q1 25
2.27×
0.03×
Q4 24
2.38×
0.07×
Q3 24
2.36×
0.07×
Q2 24
2.28×
1.50×
Q1 24
2.17×
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
BRSP
BRSP
IIIV
IIIV
Operating Cash FlowLast quarter
$73.0M
$14.1M
Free Cash FlowOCF − Capex
$55.1M
$13.8M
FCF MarginFCF / Revenue
66.2%
26.2%
Capex IntensityCapex / Revenue
21.6%
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$102.0M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
IIIV
IIIV
Q4 25
$73.0M
$14.1M
Q3 25
$29.9M
$14.0M
Q2 25
$17.4M
$7.4M
Q1 25
$10.5M
$-27.1M
Q4 24
$103.4M
$11.5M
Q3 24
$31.3M
$15.1M
Q2 24
$22.9M
$8.1M
Q1 24
$24.6M
$10.7M
Free Cash Flow
BRSP
BRSP
IIIV
IIIV
Q4 25
$55.1M
$13.8M
Q3 25
$27.4M
$13.5M
Q2 25
$11.6M
$6.8M
Q1 25
$8.0M
$-27.6M
Q4 24
$97.3M
$11.0M
Q3 24
$28.3M
$14.6M
Q2 24
$22.7M
$7.2M
Q1 24
$22.2M
$9.9M
FCF Margin
BRSP
BRSP
IIIV
IIIV
Q4 25
66.2%
26.2%
Q3 25
32.7%
29.5%
Q2 25
13.4%
13.1%
Q1 25
10.3%
-43.8%
Q4 24
116.6%
21.1%
Q3 24
32.1%
45.6%
Q2 24
24.9%
15.6%
Q1 24
23.2%
17.1%
Capex Intensity
BRSP
BRSP
IIIV
IIIV
Q4 25
21.6%
0.6%
Q3 25
2.9%
0.9%
Q2 25
6.8%
1.0%
Q1 25
3.2%
0.8%
Q4 24
7.3%
0.9%
Q3 24
3.4%
1.7%
Q2 24
0.1%
1.9%
Q1 24
2.5%
1.4%
Cash Conversion
BRSP
BRSP
IIIV
IIIV
Q4 25
29.18×
Q3 25
30.36×
4.52×
Q2 25
0.57×
Q1 25
1.97×
Q4 24
5.59×
Q3 24
2.46×
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

BRSP
BRSP

Segment breakdown not available.

IIIV
IIIV

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

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