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Side-by-side financial comparison of GERON CORP (GERN) 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 $47.2M, roughly 1.1× GERON CORP). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -39.0%, a 39.9% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs -14.6%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs -4.7%).

Geron Corporation is a biotechnology company located in Foster City, California which specializes in developing and commercializing therapeutic products for cancer that inhibit telomerase.

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...

GERN vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.1× larger
IIIV
$52.7M
$47.2M
GERN
Growing faster (revenue YoY)
GERN
GERN
+81.7% gap
GERN
67.1%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
39.9% more per $
IIIV
0.9%
-39.0%
GERN
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
-4.7%
IIIV

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GERN
GERN
IIIV
IIIV
Revenue
$47.2M
$52.7M
Net Profit
$-18.4M
$484.0K
Gross Margin
Operating Margin
-29.4%
3.1%
Net Margin
-39.0%
0.9%
Revenue YoY
67.1%
-14.6%
Net Profit YoY
30.3%
-76.5%
EPS (diluted)
$-0.03
$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
GERN
GERN
IIIV
IIIV
Q4 25
$52.7M
Q3 25
$47.2M
$46.0M
Q2 25
$49.0M
$51.9M
Q1 25
$39.6M
$63.1M
Q4 24
$52.2M
Q3 24
$28.3M
$32.0M
Q2 24
$882.0K
$46.2M
Q1 24
$304.0K
$58.0M
Net Profit
GERN
GERN
IIIV
IIIV
Q4 25
$484.0K
Q3 25
$-18.4M
$3.1M
Q2 25
$-16.4M
$12.9M
Q1 25
$-19.8M
$-154.0K
Q4 24
$2.1M
Q3 24
$-26.4M
$117.9M
Q2 24
$-67.4M
$-7.5M
Q1 24
$-55.4M
$1.9M
Operating Margin
GERN
GERN
IIIV
IIIV
Q4 25
3.1%
Q3 25
-29.4%
3.2%
Q2 25
-25.4%
-9.3%
Q1 25
-42.2%
8.0%
Q4 24
3.9%
Q3 24
-99.8%
10.6%
Q2 24
-7860.9%
-2.8%
Q1 24
-18465.1%
3.4%
Net Margin
GERN
GERN
IIIV
IIIV
Q4 25
0.9%
Q3 25
-39.0%
6.7%
Q2 25
-33.4%
24.8%
Q1 25
-50.1%
-0.2%
Q4 24
3.9%
Q3 24
-93.5%
368.2%
Q2 24
-7639.8%
-16.3%
Q1 24
-18220.4%
3.2%
EPS (diluted)
GERN
GERN
IIIV
IIIV
Q4 25
$0.02
Q3 25
$-0.03
$0.14
Q2 25
$-0.02
$0.50
Q1 25
$-0.03
$0.00
Q4 24
$0.08
Q3 24
$-0.04
$4.93
Q2 24
$-0.10
$-0.32
Q1 24
$-0.09
$0.08

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$78.1M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$248.7M
$358.5M
Total Assets
$567.4M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
IIIV
IIIV
Q4 25
$37.5M
Q3 25
$78.1M
$66.7M
Q2 25
$77.7M
$55.5M
Q1 25
$83.7M
$7.7M
Q4 24
$85.6M
Q3 24
$60.3M
$86.5M
Q2 24
$116.9M
$9.7M
Q1 24
$189.8M
$3.1M
Total Debt
GERN
GERN
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
GERN
GERN
IIIV
IIIV
Q4 25
$358.5M
Q3 25
$248.7M
$389.6M
Q2 25
$259.5M
$383.3M
Q1 25
$268.2M
$385.2M
Q4 24
$375.0M
Q3 24
$292.3M
$379.7M
Q2 24
$306.7M
$249.7M
Q1 24
$344.9M
$249.3M
Total Assets
GERN
GERN
IIIV
IIIV
Q4 25
$595.9M
Q3 25
$567.4M
$638.4M
Q2 25
$555.2M
$623.3M
Q1 25
$562.5M
$646.4M
Q4 24
$726.2M
Q3 24
$444.9M
$730.7M
Q2 24
$449.4M
$861.7M
Q1 24
$482.1M
$625.8M
Debt / Equity
GERN
GERN
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
GERN
GERN
IIIV
IIIV
Operating Cash FlowLast quarter
$-13.6M
$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
GERN
GERN
IIIV
IIIV
Q4 25
$14.1M
Q3 25
$-13.6M
$14.0M
Q2 25
$-27.4M
$7.4M
Q1 25
$-48.0M
$-27.1M
Q4 24
$11.5M
Q3 24
$-58.9M
$15.1M
Q2 24
$-53.5M
$8.1M
Q1 24
$-62.3M
$10.7M
Free Cash Flow
GERN
GERN
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
$-53.7M
$7.2M
Q1 24
$-62.9M
$9.9M
FCF Margin
GERN
GERN
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
-6086.6%
15.6%
Q1 24
-20680.3%
17.1%
Capex Intensity
GERN
GERN
IIIV
IIIV
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
0.0%
1.7%
Q2 24
23.4%
1.9%
Q1 24
202.3%
1.4%
Cash Conversion
GERN
GERN
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

GERN
GERN

Segment breakdown not available.

IIIV
IIIV

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

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