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

FARMER BROTHERS CO is the larger business by last-quarter revenue ($88.9M vs $52.7M, roughly 1.7× i3 Verticals, Inc.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -5.5%, a 6.4% gap on every dollar of revenue. On growth, FARMER BROTHERS CO posted the faster year-over-year revenue change (-1.2% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $-2.6M). Over the past eight quarters, FARMER BROTHERS CO's revenue compounded faster (2.1% CAGR vs -4.7%).

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

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...

FARM vs IIIV — Head-to-Head

Bigger by revenue
FARM
FARM
1.7× larger
FARM
$88.9M
$52.7M
IIIV
Growing faster (revenue YoY)
FARM
FARM
+13.4% gap
FARM
-1.2%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
6.4% more per $
IIIV
0.9%
-5.5%
FARM
More free cash flow
IIIV
IIIV
$16.4M more FCF
IIIV
$13.8M
$-2.6M
FARM
Faster 2-yr revenue CAGR
FARM
FARM
Annualised
FARM
2.1%
-4.7%
IIIV

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FARM
FARM
IIIV
IIIV
Revenue
$88.9M
$52.7M
Net Profit
$-4.9M
$484.0K
Gross Margin
36.3%
Operating Margin
-4.7%
3.1%
Net Margin
-5.5%
0.9%
Revenue YoY
-1.2%
-14.6%
Net Profit YoY
-2417.1%
-76.5%
EPS (diluted)
$-0.22
$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
FARM
FARM
IIIV
IIIV
Q4 25
$88.9M
$52.7M
Q3 25
$81.6M
$46.0M
Q2 25
$85.1M
$51.9M
Q1 25
$82.1M
$63.1M
Q4 24
$90.0M
$52.2M
Q3 24
$85.1M
$32.0M
Q2 24
$84.4M
$46.2M
Q1 24
$85.4M
$58.0M
Net Profit
FARM
FARM
IIIV
IIIV
Q4 25
$-4.9M
$484.0K
Q3 25
$-4.0M
$3.1M
Q2 25
$-4.7M
$12.9M
Q1 25
$-5.0M
$-154.0K
Q4 24
$210.0K
$2.1M
Q3 24
$-5.0M
$117.9M
Q2 24
$-4.6M
$-7.5M
Q1 24
$-682.0K
$1.9M
Gross Margin
FARM
FARM
IIIV
IIIV
Q4 25
36.3%
Q3 25
39.7%
Q2 25
44.9%
Q1 25
42.1%
Q4 24
43.1%
Q3 24
43.9%
Q2 24
38.8%
Q1 24
40.1%
Operating Margin
FARM
FARM
IIIV
IIIV
Q4 25
-4.7%
3.1%
Q3 25
-3.9%
3.2%
Q2 25
4.6%
-9.3%
Q1 25
-4.3%
8.0%
Q4 24
1.1%
3.9%
Q3 24
-3.3%
10.6%
Q2 24
-4.9%
-2.8%
Q1 24
-0.5%
3.4%
Net Margin
FARM
FARM
IIIV
IIIV
Q4 25
-5.5%
0.9%
Q3 25
-4.9%
6.7%
Q2 25
-5.6%
24.8%
Q1 25
-6.1%
-0.2%
Q4 24
0.2%
3.9%
Q3 24
-5.9%
368.2%
Q2 24
-5.4%
-16.3%
Q1 24
-0.8%
3.2%
EPS (diluted)
FARM
FARM
IIIV
IIIV
Q4 25
$-0.22
$0.02
Q3 25
$-0.19
$0.14
Q2 25
$-0.22
$0.50
Q1 25
$-0.23
$0.00
Q4 24
$0.01
$0.08
Q3 24
$-0.24
$4.93
Q2 24
$-0.23
$-0.32
Q1 24
$-0.03
$0.08

Balance Sheet & Financial Strength

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

Metric
FARM
FARM
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$4.2M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.7M
$358.5M
Total Assets
$151.4M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FARM
FARM
IIIV
IIIV
Q4 25
$4.2M
$37.5M
Q3 25
$3.8M
$66.7M
Q2 25
$6.8M
$55.5M
Q1 25
$4.1M
$7.7M
Q4 24
$5.5M
$85.6M
Q3 24
$3.3M
$86.5M
Q2 24
$5.8M
$9.7M
Q1 24
$5.5M
$3.1M
Total Debt
FARM
FARM
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
FARM
FARM
IIIV
IIIV
Q4 25
$35.7M
$358.5M
Q3 25
$40.0M
$389.6M
Q2 25
$43.5M
$383.3M
Q1 25
$37.3M
$385.2M
Q4 24
$41.5M
$375.0M
Q3 24
$40.9M
$379.7M
Q2 24
$45.5M
$249.7M
Q1 24
$43.1M
$249.3M
Total Assets
FARM
FARM
IIIV
IIIV
Q4 25
$151.4M
$595.9M
Q3 25
$158.8M
$638.4M
Q2 25
$161.2M
$623.3M
Q1 25
$163.2M
$646.4M
Q4 24
$179.1M
$726.2M
Q3 24
$182.0M
$730.7M
Q2 24
$185.2M
$861.7M
Q1 24
$179.1M
$625.8M
Debt / Equity
FARM
FARM
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
FARM
FARM
IIIV
IIIV
Operating Cash FlowLast quarter
$-786.0K
$14.1M
Free Cash FlowOCF − Capex
$-2.6M
$13.8M
FCF MarginFCF / Revenue
-2.9%
26.2%
Capex IntensityCapex / Revenue
2.1%
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
FARM
FARM
IIIV
IIIV
Q4 25
$-786.0K
$14.1M
Q3 25
$-5.0M
$14.0M
Q2 25
$9.7M
$7.4M
Q1 25
$1.3M
$-27.1M
Q4 24
$2.6M
$11.5M
Q3 24
$2.5M
$15.1M
Q2 24
$-995.0K
$8.1M
Q1 24
$-2.3M
$10.7M
Free Cash Flow
FARM
FARM
IIIV
IIIV
Q4 25
$-2.6M
$13.8M
Q3 25
$-6.9M
$13.5M
Q2 25
$6.8M
Q1 25
$-684.0K
$-27.6M
Q4 24
$521.0K
$11.0M
Q3 24
$-837.0K
$14.6M
Q2 24
$7.2M
Q1 24
$-5.7M
$9.9M
FCF Margin
FARM
FARM
IIIV
IIIV
Q4 25
-2.9%
26.2%
Q3 25
-8.5%
29.5%
Q2 25
13.1%
Q1 25
-0.8%
-43.8%
Q4 24
0.6%
21.1%
Q3 24
-1.0%
45.6%
Q2 24
15.6%
Q1 24
-6.7%
17.1%
Capex Intensity
FARM
FARM
IIIV
IIIV
Q4 25
2.1%
0.6%
Q3 25
2.4%
0.9%
Q2 25
1.0%
Q1 25
2.4%
0.8%
Q4 24
2.3%
0.9%
Q3 24
3.9%
1.7%
Q2 24
1.9%
Q1 24
4.0%
1.4%
Cash Conversion
FARM
FARM
IIIV
IIIV
Q4 25
29.18×
Q3 25
4.52×
Q2 25
0.57×
Q1 25
Q4 24
12.16×
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

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

IIIV
IIIV

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

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