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Side-by-side financial comparison of GYRE THERAPEUTICS, INC. (GYRE) 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 $37.2M, roughly 1.4× GYRE THERAPEUTICS, INC.). i3 Verticals, Inc. runs the higher net margin — 0.9% vs -3.7%, a 4.6% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $-5.8M). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% CAGR vs -4.7%).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

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...

GYRE vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.4× larger
IIIV
$52.7M
$37.2M
GYRE
Growing faster (revenue YoY)
GYRE
GYRE
+48.1% gap
GYRE
33.4%
-14.6%
IIIV
Higher net margin
IIIV
IIIV
4.6% more per $
IIIV
0.9%
-3.7%
GYRE
More free cash flow
IIIV
IIIV
$19.6M more FCF
IIIV
$13.8M
$-5.8M
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
-4.7%
IIIV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GYRE
GYRE
IIIV
IIIV
Revenue
$37.2M
$52.7M
Net Profit
$-1.4M
$484.0K
Gross Margin
95.3%
Operating Margin
0.3%
3.1%
Net Margin
-3.7%
0.9%
Revenue YoY
33.4%
-14.6%
Net Profit YoY
-340.1%
-76.5%
EPS (diluted)
$-0.01
$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
GYRE
GYRE
IIIV
IIIV
Q4 25
$37.2M
$52.7M
Q3 25
$30.6M
$46.0M
Q2 25
$26.8M
$51.9M
Q1 25
$22.1M
$63.1M
Q4 24
$27.9M
$52.2M
Q3 24
$25.5M
$32.0M
Q2 24
$25.2M
$46.2M
Q1 24
$27.2M
$58.0M
Net Profit
GYRE
GYRE
IIIV
IIIV
Q4 25
$-1.4M
$484.0K
Q3 25
$5.9M
$3.1M
Q2 25
$1.6M
$12.9M
Q1 25
$3.7M
$-154.0K
Q4 24
$569.0K
$2.1M
Q3 24
$2.9M
$117.9M
Q2 24
$4.5M
$-7.5M
Q1 24
$9.9M
$1.9M
Gross Margin
GYRE
GYRE
IIIV
IIIV
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
IIIV
IIIV
Q4 25
0.3%
3.1%
Q3 25
22.7%
3.2%
Q2 25
8.1%
-9.3%
Q1 25
10.3%
8.0%
Q4 24
2.4%
3.9%
Q3 24
16.6%
10.6%
Q2 24
12.7%
-2.8%
Q1 24
29.7%
3.4%
Net Margin
GYRE
GYRE
IIIV
IIIV
Q4 25
-3.7%
0.9%
Q3 25
19.4%
6.7%
Q2 25
5.9%
24.8%
Q1 25
16.9%
-0.2%
Q4 24
2.0%
3.9%
Q3 24
11.2%
368.2%
Q2 24
18.0%
-16.3%
Q1 24
36.6%
3.2%
EPS (diluted)
GYRE
GYRE
IIIV
IIIV
Q4 25
$-0.01
$0.02
Q3 25
$0.03
$0.14
Q2 25
$0.00
$0.50
Q1 25
$0.00
$0.00
Q4 24
$0.00
$0.08
Q3 24
$0.01
$4.93
Q2 24
$0.01
$-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
GYRE
GYRE
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$52.4M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.0M
$358.5M
Total Assets
$166.1M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
IIIV
IIIV
Q4 25
$52.4M
$37.5M
Q3 25
$60.0M
$66.7M
Q2 25
$54.4M
$55.5M
Q1 25
$29.9M
$7.7M
Q4 24
$26.7M
$85.6M
Q3 24
$25.1M
$86.5M
Q2 24
$25.1M
$9.7M
Q1 24
$37.4M
$3.1M
Total Debt
GYRE
GYRE
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
GYRE
GYRE
IIIV
IIIV
Q4 25
$106.0M
$358.5M
Q3 25
$101.9M
$389.6M
Q2 25
$92.0M
$383.3M
Q1 25
$68.1M
$385.2M
Q4 24
$63.3M
$375.0M
Q3 24
$63.2M
$379.7M
Q2 24
$60.4M
$249.7M
Q1 24
$56.6M
$249.3M
Total Assets
GYRE
GYRE
IIIV
IIIV
Q4 25
$166.1M
$595.9M
Q3 25
$159.4M
$638.4M
Q2 25
$152.6M
$623.3M
Q1 25
$129.8M
$646.4M
Q4 24
$125.4M
$726.2M
Q3 24
$125.2M
$730.7M
Q2 24
$120.9M
$861.7M
Q1 24
$122.0M
$625.8M
Debt / Equity
GYRE
GYRE
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
GYRE
GYRE
IIIV
IIIV
Operating Cash FlowLast quarter
$-5.6M
$14.1M
Free Cash FlowOCF − Capex
$-5.8M
$13.8M
FCF MarginFCF / Revenue
-15.5%
26.2%
Capex IntensityCapex / Revenue
0.4%
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
IIIV
IIIV
Q4 25
$-5.6M
$14.1M
Q3 25
$4.7M
$14.0M
Q2 25
$2.1M
$7.4M
Q1 25
$-129.0K
$-27.1M
Q4 24
$-2.8M
$11.5M
Q3 24
$1.7M
$15.1M
Q2 24
$-5.5M
$8.1M
Q1 24
$2.9M
$10.7M
Free Cash Flow
GYRE
GYRE
IIIV
IIIV
Q4 25
$-5.8M
$13.8M
Q3 25
$4.0M
$13.5M
Q2 25
$1.8M
$6.8M
Q1 25
$-251.0K
$-27.6M
Q4 24
$-2.8M
$11.0M
Q3 24
$1.0M
$14.6M
Q2 24
$-6.9M
$7.2M
Q1 24
$2.7M
$9.9M
FCF Margin
GYRE
GYRE
IIIV
IIIV
Q4 25
-15.5%
26.2%
Q3 25
13.1%
29.5%
Q2 25
6.8%
13.1%
Q1 25
-1.1%
-43.8%
Q4 24
-10.1%
21.1%
Q3 24
4.1%
45.6%
Q2 24
-27.5%
15.6%
Q1 24
9.8%
17.1%
Capex Intensity
GYRE
GYRE
IIIV
IIIV
Q4 25
0.4%
0.6%
Q3 25
2.2%
0.9%
Q2 25
1.0%
1.0%
Q1 25
0.6%
0.8%
Q4 24
0.2%
0.9%
Q3 24
2.7%
1.7%
Q2 24
5.8%
1.9%
Q1 24
0.9%
1.4%
Cash Conversion
GYRE
GYRE
IIIV
IIIV
Q4 25
29.18×
Q3 25
0.79×
4.52×
Q2 25
1.32×
0.57×
Q1 25
-0.03×
Q4 24
-4.85×
5.59×
Q3 24
0.60×
0.13×
Q2 24
-1.21×
Q1 24
0.29×
5.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GYRE
GYRE

Segment breakdown not available.

IIIV
IIIV

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

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