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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.3× Cambium Networks Corp). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -17.9%, a 18.9% gap on every dollar of revenue. On growth, i3 Verticals, Inc. posted the faster year-over-year revenue change (-14.6% vs -23.2%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $-10.8M). Over the past eight quarters, i3 Verticals, Inc.'s revenue compounded faster (-4.7% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

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...

CMBM vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.3× larger
IIIV
$52.7M
$40.3M
CMBM
Growing faster (revenue YoY)
IIIV
IIIV
+8.5% gap
IIIV
-14.6%
-23.2%
CMBM
Higher net margin
IIIV
IIIV
18.9% more per $
IIIV
0.9%
-17.9%
CMBM
More free cash flow
IIIV
IIIV
$24.6M more FCF
IIIV
$13.8M
$-10.8M
CMBM
Faster 2-yr revenue CAGR
IIIV
IIIV
Annualised
IIIV
-4.7%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
CMBM
CMBM
IIIV
IIIV
Revenue
$40.3M
$52.7M
Net Profit
$-7.2M
$484.0K
Gross Margin
36.6%
Operating Margin
-28.4%
3.1%
Net Margin
-17.9%
0.9%
Revenue YoY
-23.2%
-14.6%
Net Profit YoY
71.0%
-76.5%
EPS (diluted)
$-0.26
$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
CMBM
CMBM
IIIV
IIIV
Q4 25
$52.7M
Q3 25
$46.0M
Q2 25
$51.9M
Q1 25
$63.1M
Q4 24
$40.3M
$52.2M
Q3 24
$44.7M
$32.0M
Q2 24
$45.2M
$46.2M
Q1 24
$47.1M
$58.0M
Net Profit
CMBM
CMBM
IIIV
IIIV
Q4 25
$484.0K
Q3 25
$3.1M
Q2 25
$12.9M
Q1 25
$-154.0K
Q4 24
$-7.2M
$2.1M
Q3 24
$-34.5M
$117.9M
Q2 24
$-14.2M
$-7.5M
Q1 24
$-18.4M
$1.9M
Gross Margin
CMBM
CMBM
IIIV
IIIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
IIIV
IIIV
Q4 25
3.1%
Q3 25
3.2%
Q2 25
-9.3%
Q1 25
8.0%
Q4 24
-28.4%
3.9%
Q3 24
-69.6%
10.6%
Q2 24
-27.2%
-2.8%
Q1 24
-33.1%
3.4%
Net Margin
CMBM
CMBM
IIIV
IIIV
Q4 25
0.9%
Q3 25
6.7%
Q2 25
24.8%
Q1 25
-0.2%
Q4 24
-17.9%
3.9%
Q3 24
-77.3%
368.2%
Q2 24
-31.5%
-16.3%
Q1 24
-39.2%
3.2%
EPS (diluted)
CMBM
CMBM
IIIV
IIIV
Q4 25
$0.02
Q3 25
$0.14
Q2 25
$0.50
Q1 25
$0.00
Q4 24
$-0.26
$0.08
Q3 24
$-1.22
$4.93
Q2 24
$-0.51
$-0.32
Q1 24
$-0.66
$0.08

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$37.5M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$358.5M
Total Assets
$173.7M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
IIIV
IIIV
Q4 25
$37.5M
Q3 25
$66.7M
Q2 25
$55.5M
Q1 25
$7.7M
Q4 24
$85.6M
Q3 24
$86.5M
Q2 24
$9.7M
Q1 24
$3.1M
Total Debt
CMBM
CMBM
IIIV
IIIV
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$12.0M
Q4 24
$67.6M
$26.2M
Q3 24
$67.6M
$26.2M
Q2 24
$68.9M
$374.1M
Q1 24
$63.8M
$369.6M
Stockholders' Equity
CMBM
CMBM
IIIV
IIIV
Q4 25
$358.5M
Q3 25
$389.6M
Q2 25
$383.3M
Q1 25
$385.2M
Q4 24
$-3.2M
$375.0M
Q3 24
$1.9M
$379.7M
Q2 24
$34.1M
$249.7M
Q1 24
$45.0M
$249.3M
Total Assets
CMBM
CMBM
IIIV
IIIV
Q4 25
$595.9M
Q3 25
$638.4M
Q2 25
$623.3M
Q1 25
$646.4M
Q4 24
$173.7M
$726.2M
Q3 24
$194.3M
$730.7M
Q2 24
$221.1M
$861.7M
Q1 24
$219.8M
$625.8M
Debt / Equity
CMBM
CMBM
IIIV
IIIV
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
36.12×
0.07×
Q2 24
2.02×
1.50×
Q1 24
1.42×
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
CMBM
CMBM
IIIV
IIIV
Operating Cash FlowLast quarter
$-10.4M
$14.1M
Free Cash FlowOCF − Capex
$-10.8M
$13.8M
FCF MarginFCF / Revenue
-26.8%
26.2%
Capex IntensityCapex / Revenue
1.1%
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
IIIV
IIIV
Q4 25
$14.1M
Q3 25
$14.0M
Q2 25
$7.4M
Q1 25
$-27.1M
Q4 24
$-10.4M
$11.5M
Q3 24
$8.9M
$15.1M
Q2 24
$2.4M
$8.1M
Q1 24
$-15.9M
$10.7M
Free Cash Flow
CMBM
CMBM
IIIV
IIIV
Q4 25
$13.8M
Q3 25
$13.5M
Q2 25
$6.8M
Q1 25
$-27.6M
Q4 24
$-10.8M
$11.0M
Q3 24
$6.8M
$14.6M
Q2 24
$87.0K
$7.2M
Q1 24
$-17.4M
$9.9M
FCF Margin
CMBM
CMBM
IIIV
IIIV
Q4 25
26.2%
Q3 25
29.5%
Q2 25
13.1%
Q1 25
-43.8%
Q4 24
-26.8%
21.1%
Q3 24
15.2%
45.6%
Q2 24
0.2%
15.6%
Q1 24
-37.0%
17.1%
Capex Intensity
CMBM
CMBM
IIIV
IIIV
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
1.1%
0.9%
Q3 24
4.8%
1.7%
Q2 24
5.1%
1.9%
Q1 24
3.3%
1.4%
Cash Conversion
CMBM
CMBM
IIIV
IIIV
Q4 25
29.18×
Q3 25
4.52×
Q2 25
0.57×
Q1 25
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

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

IIIV
IIIV

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

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