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Side-by-side financial comparison of Gevo, Inc. (GEVO) 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 $45.3M, roughly 1.2× Gevo, Inc.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -13.2%, a 14.2% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $8.7M). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs -4.7%).

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

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...

GEVO vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.2× larger
IIIV
$52.7M
$45.3M
GEVO
Growing faster (revenue YoY)
GEVO
GEVO
+710.2% gap
GEVO
695.6%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
14.2% more per $
IIIV
0.9%
-13.2%
GEVO
More free cash flow
IIIV
IIIV
$5.1M more FCF
IIIV
$13.8M
$8.7M
GEVO
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GEVO
GEVO
IIIV
IIIV
Revenue
$45.3M
$52.7M
Net Profit
$-6.0M
$484.0K
Gross Margin
Operating Margin
-4.8%
3.1%
Net Margin
-13.2%
0.9%
Revenue YoY
695.6%
-14.6%
Net Profit YoY
65.9%
-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
GEVO
GEVO
IIIV
IIIV
Q4 25
$45.3M
$52.7M
Q3 25
$42.7M
$46.0M
Q2 25
$43.4M
$51.9M
Q1 25
$29.1M
$63.1M
Q4 24
$5.7M
$52.2M
Q3 24
$2.0M
$32.0M
Q2 24
$5.3M
$46.2M
Q1 24
$4.0M
$58.0M
Net Profit
GEVO
GEVO
IIIV
IIIV
Q4 25
$-6.0M
$484.0K
Q3 25
$-8.0M
$3.1M
Q2 25
$2.1M
$12.9M
Q1 25
$-21.7M
$-154.0K
Q4 24
$-17.6M
$2.1M
Q3 24
$-21.2M
$117.9M
Q2 24
$-21.0M
$-7.5M
Q1 24
$-18.9M
$1.9M
Operating Margin
GEVO
GEVO
IIIV
IIIV
Q4 25
-4.8%
3.1%
Q3 25
-8.6%
3.2%
Q2 25
13.4%
-9.3%
Q1 25
-69.2%
8.0%
Q4 24
-344.7%
3.9%
Q3 24
-1221.8%
10.6%
Q2 24
-456.8%
-2.8%
Q1 24
-580.0%
3.4%
Net Margin
GEVO
GEVO
IIIV
IIIV
Q4 25
-13.2%
0.9%
Q3 25
-18.6%
6.7%
Q2 25
4.9%
24.8%
Q1 25
-74.6%
-0.2%
Q4 24
-308.9%
3.9%
Q3 24
-1076.6%
368.2%
Q2 24
-399.3%
-16.3%
Q1 24
-473.1%
3.2%
EPS (diluted)
GEVO
GEVO
IIIV
IIIV
Q4 25
$-0.03
$0.02
Q3 25
$-0.03
$0.14
Q2 25
$0.01
$0.50
Q1 25
$-0.09
$0.00
Q4 24
$-0.08
$0.08
Q3 24
$-0.09
$4.93
Q2 24
$-0.09
$-0.32
Q1 24
$-0.08
$0.08

Balance Sheet & Financial Strength

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

Metric
GEVO
GEVO
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$81.2M
$37.5M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$466.3M
$358.5M
Total Assets
$718.9M
$595.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEVO
GEVO
IIIV
IIIV
Q4 25
$81.2M
$37.5M
Q3 25
$72.6M
$66.7M
Q2 25
$57.3M
$55.5M
Q1 25
$65.3M
$7.7M
Q4 24
$189.4M
$85.6M
Q3 24
$223.2M
$86.5M
Q2 24
$245.7M
$9.7M
Q1 24
$270.6M
$3.1M
Total Debt
GEVO
GEVO
IIIV
IIIV
Q4 25
$164.8M
Q3 25
$164.5M
$0
Q2 25
$167.5M
$0
Q1 25
$167.0M
$12.0M
Q4 24
$67.1M
$26.2M
Q3 24
$67.0M
$26.2M
Q2 24
$66.8M
$374.1M
Q1 24
$68.3M
$369.6M
Stockholders' Equity
GEVO
GEVO
IIIV
IIIV
Q4 25
$466.3M
$358.5M
Q3 25
$468.9M
$389.6M
Q2 25
$474.1M
$383.3M
Q1 25
$469.8M
$385.2M
Q4 24
$489.5M
$375.0M
Q3 24
$504.7M
$379.7M
Q2 24
$522.7M
$249.7M
Q1 24
$541.9M
$249.3M
Total Assets
GEVO
GEVO
IIIV
IIIV
Q4 25
$718.9M
$595.9M
Q3 25
$685.2M
$638.4M
Q2 25
$702.1M
$623.3M
Q1 25
$677.8M
$646.4M
Q4 24
$583.9M
$726.2M
Q3 24
$583.9M
$730.7M
Q2 24
$617.9M
$861.7M
Q1 24
$633.6M
$625.8M
Debt / Equity
GEVO
GEVO
IIIV
IIIV
Q4 25
0.35×
Q3 25
0.35×
0.00×
Q2 25
0.35×
0.00×
Q1 25
0.36×
0.03×
Q4 24
0.14×
0.07×
Q3 24
0.13×
0.07×
Q2 24
0.13×
1.50×
Q1 24
0.13×
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
GEVO
GEVO
IIIV
IIIV
Operating Cash FlowLast quarter
$20.0M
$14.1M
Free Cash FlowOCF − Capex
$8.7M
$13.8M
FCF MarginFCF / Revenue
19.3%
26.2%
Capex IntensityCapex / Revenue
24.7%
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$-43.5M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEVO
GEVO
IIIV
IIIV
Q4 25
$20.0M
$14.1M
Q3 25
$-6.8M
$14.0M
Q2 25
$-2.5M
$7.4M
Q1 25
$-24.0M
$-27.1M
Q4 24
$-18.8M
$11.5M
Q3 24
$-11.0M
$15.1M
Q2 24
$-11.4M
$8.1M
Q1 24
$-16.1M
$10.7M
Free Cash Flow
GEVO
GEVO
IIIV
IIIV
Q4 25
$8.7M
$13.8M
Q3 25
$-14.6M
$13.5M
Q2 25
$-7.8M
$6.8M
Q1 25
$-29.9M
$-27.6M
Q4 24
$-33.5M
$11.0M
Q3 24
$-20.8M
$14.6M
Q2 24
$-20.6M
$7.2M
Q1 24
$-33.6M
$9.9M
FCF Margin
GEVO
GEVO
IIIV
IIIV
Q4 25
19.3%
26.2%
Q3 25
-34.2%
29.5%
Q2 25
-17.9%
13.1%
Q1 25
-102.7%
-43.8%
Q4 24
-587.2%
21.1%
Q3 24
-1057.0%
45.6%
Q2 24
-392.4%
15.6%
Q1 24
-841.9%
17.1%
Capex Intensity
GEVO
GEVO
IIIV
IIIV
Q4 25
24.7%
0.6%
Q3 25
18.3%
0.9%
Q2 25
12.1%
1.0%
Q1 25
20.0%
0.8%
Q4 24
256.6%
0.9%
Q3 24
496.2%
1.7%
Q2 24
174.8%
1.9%
Q1 24
438.9%
1.4%
Cash Conversion
GEVO
GEVO
IIIV
IIIV
Q4 25
29.18×
Q3 25
4.52×
Q2 25
-1.18×
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

GEVO
GEVO

Segment breakdown not available.

IIIV
IIIV

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

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