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

BuzzFeed, Inc. is the larger business by last-quarter revenue ($56.5M vs $52.7M, roughly 1.1× i3 Verticals, Inc.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -47.4%, a 48.3% gap on every dollar of revenue. On growth, BuzzFeed, Inc. posted the faster year-over-year revenue change (0.6% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $-12.0M). Over the past eight quarters, BuzzFeed, Inc.'s revenue compounded faster (23.6% CAGR vs -4.7%).

BuzzFeed, Inc. is an American Internet media, news, and entertainment company with a focus on digital media. Based in New York City, BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III to focus on tracking viral content. Kenneth Lerer, co-founder and chairman of The Huffington Post, started as a co-founder and investor in BuzzFeed and is now the executive chairman.

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...

BZFD vs IIIV — Head-to-Head

Bigger by revenue
BZFD
BZFD
1.1× larger
BZFD
$56.5M
$52.7M
IIIV
Growing faster (revenue YoY)
BZFD
BZFD
+15.2% gap
BZFD
0.6%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
48.3% more per $
IIIV
0.9%
-47.4%
BZFD
More free cash flow
IIIV
IIIV
$25.8M more FCF
IIIV
$13.8M
$-12.0M
BZFD
Faster 2-yr revenue CAGR
BZFD
BZFD
Annualised
BZFD
23.6%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BZFD
BZFD
IIIV
IIIV
Revenue
$56.5M
$52.7M
Net Profit
$-26.8M
$484.0K
Gross Margin
Operating Margin
-43.7%
3.1%
Net Margin
-47.4%
0.9%
Revenue YoY
0.6%
-14.6%
Net Profit YoY
-186.4%
-76.5%
EPS (diluted)
$-0.72
$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
BZFD
BZFD
IIIV
IIIV
Q4 25
$56.5M
$52.7M
Q3 25
$46.3M
$46.0M
Q2 25
$46.4M
$51.9M
Q1 25
$36.0M
$63.1M
Q4 24
$56.2M
$52.2M
Q3 24
$55.6M
$32.0M
Q2 24
$41.1M
$46.2M
Q1 24
$37.0M
$58.0M
Net Profit
BZFD
BZFD
IIIV
IIIV
Q4 25
$-26.8M
$484.0K
Q3 25
$-7.4M
$3.1M
Q2 25
$-10.8M
$12.9M
Q1 25
$-12.7M
$-154.0K
Q4 24
$31.0M
$2.1M
Q3 24
$2.1M
$117.9M
Q2 24
$-7.5M
$-7.5M
Q1 24
$-35.7M
$1.9M
Operating Margin
BZFD
BZFD
IIIV
IIIV
Q4 25
-43.7%
3.1%
Q3 25
-12.9%
3.2%
Q2 25
-7.5%
-9.3%
Q1 25
-38.1%
8.0%
Q4 24
7.0%
3.9%
Q3 24
2.8%
10.6%
Q2 24
-13.6%
-2.8%
Q1 24
-63.4%
3.4%
Net Margin
BZFD
BZFD
IIIV
IIIV
Q4 25
-47.4%
0.9%
Q3 25
-16.1%
6.7%
Q2 25
-23.3%
24.8%
Q1 25
-35.2%
-0.2%
Q4 24
55.2%
3.9%
Q3 24
3.8%
368.2%
Q2 24
-18.2%
-16.3%
Q1 24
-96.5%
3.2%
EPS (diluted)
BZFD
BZFD
IIIV
IIIV
Q4 25
$-0.72
$0.02
Q3 25
$-0.20
$0.14
Q2 25
$-0.28
$0.50
Q1 25
$-0.33
$0.00
Q4 24
$0.86
$0.08
Q3 24
$0.05
$4.93
Q2 24
$-0.20
$-0.32
Q1 24
$-0.98
$0.08

Balance Sheet & Financial Strength

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

Metric
BZFD
BZFD
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$8.5M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$49.4M
$358.5M
Total Assets
$188.1M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZFD
BZFD
IIIV
IIIV
Q4 25
$8.5M
$37.5M
Q3 25
$34.3M
$66.7M
Q2 25
$29.7M
$55.5M
Q1 25
$34.3M
$7.7M
Q4 24
$22.4M
$85.6M
Q3 24
$53.7M
$86.5M
Q2 24
$45.5M
$9.7M
Q1 24
$44.5M
$3.1M
Total Debt
BZFD
BZFD
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
BZFD
BZFD
IIIV
IIIV
Q4 25
$49.4M
$358.5M
Q3 25
$75.9M
$389.6M
Q2 25
$81.1M
$383.3M
Q1 25
$93.8M
$385.2M
Q4 24
$104.8M
$375.0M
Q3 24
$71.7M
$379.7M
Q2 24
$67.2M
$249.7M
Q1 24
$73.7M
$249.3M
Total Assets
BZFD
BZFD
IIIV
IIIV
Q4 25
$188.1M
$595.9M
Q3 25
$211.2M
$638.4M
Q2 25
$210.4M
$623.3M
Q1 25
$203.2M
$646.4M
Q4 24
$221.4M
$726.2M
Q3 24
$276.5M
$730.7M
Q2 24
$272.9M
$861.7M
Q1 24
$299.0M
$625.8M
Debt / Equity
BZFD
BZFD
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
BZFD
BZFD
IIIV
IIIV
Operating Cash FlowLast quarter
$-11.7M
$14.1M
Free Cash FlowOCF − Capex
$-12.0M
$13.8M
FCF MarginFCF / Revenue
-21.2%
26.2%
Capex IntensityCapex / Revenue
0.5%
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZFD
BZFD
IIIV
IIIV
Q4 25
$-11.7M
$14.1M
Q3 25
$1.7M
$14.0M
Q2 25
$-10.1M
$7.4M
Q1 25
$1.3M
$-27.1M
Q4 24
$-4.6M
$11.5M
Q3 24
$9.6M
$15.1M
Q2 24
$-12.4M
$8.1M
Q1 24
$-13.3M
$10.7M
Free Cash Flow
BZFD
BZFD
IIIV
IIIV
Q4 25
$-12.0M
$13.8M
Q3 25
$892.0K
$13.5M
Q2 25
$-10.5M
$6.8M
Q1 25
$956.0K
$-27.6M
Q4 24
$-4.7M
$11.0M
Q3 24
$9.3M
$14.6M
Q2 24
$-12.5M
$7.2M
Q1 24
$-13.4M
$9.9M
FCF Margin
BZFD
BZFD
IIIV
IIIV
Q4 25
-21.2%
26.2%
Q3 25
1.9%
29.5%
Q2 25
-22.7%
13.1%
Q1 25
2.7%
-43.8%
Q4 24
-8.4%
21.1%
Q3 24
16.7%
45.6%
Q2 24
-30.5%
15.6%
Q1 24
-36.2%
17.1%
Capex Intensity
BZFD
BZFD
IIIV
IIIV
Q4 25
0.5%
0.6%
Q3 25
1.8%
0.9%
Q2 25
1.0%
1.0%
Q1 25
1.1%
0.8%
Q4 24
0.3%
0.9%
Q3 24
0.5%
1.7%
Q2 24
0.3%
1.9%
Q1 24
0.2%
1.4%
Cash Conversion
BZFD
BZFD
IIIV
IIIV
Q4 25
29.18×
Q3 25
4.52×
Q2 25
0.57×
Q1 25
Q4 24
-0.15×
5.59×
Q3 24
4.59×
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

BZFD
BZFD

Advertising$25.6M45%
Commerce And Other$16.3M29%
Content$14.7M26%

IIIV
IIIV

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

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