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Side-by-side financial comparison of Fangdd Network Group Ltd. (DUO) 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 $28.4M, roughly 1.9× Fangdd Network Group Ltd.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -18.7%, a 19.7% gap on every dollar of revenue. On growth, Fangdd Network Group Ltd. posted the faster year-over-year revenue change (47.4% vs -14.6%).

Fangdd Network Group Ltd. operates a leading digital real estate service platform in China, offering property listing, transaction matching, home furnishing consultation and operational support for buyers, sellers, agents and real estate development enterprises across multiple domestic city tiers.

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...

DUO vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.9× larger
IIIV
$52.7M
$28.4M
DUO
Growing faster (revenue YoY)
DUO
DUO
+62.0% gap
DUO
47.4%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
19.7% more per $
IIIV
0.9%
-18.7%
DUO

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
DUO
DUO
IIIV
IIIV
Revenue
$28.4M
$52.7M
Net Profit
$-5.3M
$484.0K
Gross Margin
9.1%
Operating Margin
-35.3%
3.1%
Net Margin
-18.7%
0.9%
Revenue YoY
47.4%
-14.6%
Net Profit YoY
-322.5%
-76.5%
EPS (diluted)
$-1.35
$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
DUO
DUO
IIIV
IIIV
Q4 25
$52.7M
Q3 25
$46.0M
Q2 25
$28.4M
$51.9M
Q1 25
$63.1M
Q4 24
$52.2M
Q3 24
$32.0M
Q2 24
$19.3M
$46.2M
Q1 24
$58.0M
Net Profit
DUO
DUO
IIIV
IIIV
Q4 25
$484.0K
Q3 25
$3.1M
Q2 25
$-5.3M
$12.9M
Q1 25
$-154.0K
Q4 24
$2.1M
Q3 24
$117.9M
Q2 24
$2.4M
$-7.5M
Q1 24
$1.9M
Gross Margin
DUO
DUO
IIIV
IIIV
Q4 25
Q3 25
Q2 25
9.1%
Q1 25
Q4 24
Q3 24
Q2 24
12.5%
Q1 24
Operating Margin
DUO
DUO
IIIV
IIIV
Q4 25
3.1%
Q3 25
3.2%
Q2 25
-35.3%
-9.3%
Q1 25
8.0%
Q4 24
3.9%
Q3 24
10.6%
Q2 24
-49.0%
-2.8%
Q1 24
3.4%
Net Margin
DUO
DUO
IIIV
IIIV
Q4 25
0.9%
Q3 25
6.7%
Q2 25
-18.7%
24.8%
Q1 25
-0.2%
Q4 24
3.9%
Q3 24
368.2%
Q2 24
12.4%
-16.3%
Q1 24
3.2%
EPS (diluted)
DUO
DUO
IIIV
IIIV
Q4 25
$0.02
Q3 25
$0.14
Q2 25
$-1.35
$0.50
Q1 25
$0.00
Q4 24
$0.08
Q3 24
$4.93
Q2 24
$-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
DUO
DUO
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$24.9M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.1M
$358.5M
Total Assets
$94.8M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUO
DUO
IIIV
IIIV
Q4 25
$37.5M
Q3 25
$66.7M
Q2 25
$24.9M
$55.5M
Q1 25
$7.7M
Q4 24
$85.6M
Q3 24
$86.5M
Q2 24
$18.9M
$9.7M
Q1 24
$3.1M
Total Debt
DUO
DUO
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
DUO
DUO
IIIV
IIIV
Q4 25
$358.5M
Q3 25
$389.6M
Q2 25
$53.1M
$383.3M
Q1 25
$385.2M
Q4 24
$375.0M
Q3 24
$379.7M
Q2 24
$29.4M
$249.7M
Q1 24
$249.3M
Total Assets
DUO
DUO
IIIV
IIIV
Q4 25
$595.9M
Q3 25
$638.4M
Q2 25
$94.8M
$623.3M
Q1 25
$646.4M
Q4 24
$726.2M
Q3 24
$730.7M
Q2 24
$92.7M
$861.7M
Q1 24
$625.8M
Debt / Equity
DUO
DUO
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
DUO
DUO
IIIV
IIIV
Operating Cash FlowLast quarter
$-3.0M
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUO
DUO
IIIV
IIIV
Q4 25
$14.1M
Q3 25
$14.0M
Q2 25
$-3.0M
$7.4M
Q1 25
$-27.1M
Q4 24
$11.5M
Q3 24
$15.1M
Q2 24
$-808.0K
$8.1M
Q1 24
$10.7M
Free Cash Flow
DUO
DUO
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
$-957.0K
$7.2M
Q1 24
$9.9M
FCF Margin
DUO
DUO
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
-5.0%
15.6%
Q1 24
17.1%
Capex Intensity
DUO
DUO
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
0.8%
1.9%
Q1 24
1.4%
Cash Conversion
DUO
DUO
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
-0.34×
Q1 24
5.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DUO
DUO

Segment breakdown not available.

IIIV
IIIV

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

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