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

i3 Verticals, Inc. is the larger business by last-quarter revenue ($52.7M vs $43.2M, roughly 1.2× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 0.9%, a 16.0% gap on every dollar of revenue.

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...

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

IIIV vs RERE — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.2× larger
IIIV
$52.7M
$43.2M
RERE
Higher net margin
RERE
RERE
16.0% more per $
RERE
16.9%
0.9%
IIIV

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
IIIV
IIIV
RERE
RERE
Revenue
$52.7M
$43.2M
Net Profit
$484.0K
$7.3M
Gross Margin
Operating Margin
3.1%
Net Margin
0.9%
16.9%
Revenue YoY
-14.6%
Net Profit YoY
-76.5%
EPS (diluted)
$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
IIIV
IIIV
RERE
RERE
Q4 25
$52.7M
Q3 25
$46.0M
Q2 25
$51.9M
Q1 25
$63.1M
Q4 24
$52.2M
Q3 24
$32.0M
Q2 24
$46.2M
Q1 24
$58.0M
Net Profit
IIIV
IIIV
RERE
RERE
Q4 25
$484.0K
Q3 25
$3.1M
Q2 25
$12.9M
Q1 25
$-154.0K
Q4 24
$2.1M
Q3 24
$117.9M
Q2 24
$-7.5M
Q1 24
$1.9M
Operating Margin
IIIV
IIIV
RERE
RERE
Q4 25
3.1%
Q3 25
3.2%
Q2 25
-9.3%
Q1 25
8.0%
Q4 24
3.9%
Q3 24
10.6%
Q2 24
-2.8%
Q1 24
3.4%
Net Margin
IIIV
IIIV
RERE
RERE
Q4 25
0.9%
Q3 25
6.7%
Q2 25
24.8%
Q1 25
-0.2%
Q4 24
3.9%
Q3 24
368.2%
Q2 24
-16.3%
Q1 24
3.2%
EPS (diluted)
IIIV
IIIV
RERE
RERE
Q4 25
$0.02
Q3 25
$0.14
Q2 25
$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
IIIV
IIIV
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$37.5M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$358.5M
$557.1M
Total Assets
$595.9M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIIV
IIIV
RERE
RERE
Q4 25
$37.5M
Q3 25
$66.7M
Q2 25
$55.5M
Q1 25
$7.7M
Q4 24
$85.6M
Q3 24
$86.5M
Q2 24
$9.7M
Q1 24
$3.1M
Total Debt
IIIV
IIIV
RERE
RERE
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
IIIV
IIIV
RERE
RERE
Q4 25
$358.5M
Q3 25
$389.6M
Q2 25
$383.3M
Q1 25
$385.2M
Q4 24
$375.0M
Q3 24
$379.7M
Q2 24
$249.7M
Q1 24
$249.3M
Total Assets
IIIV
IIIV
RERE
RERE
Q4 25
$595.9M
Q3 25
$638.4M
Q2 25
$623.3M
Q1 25
$646.4M
Q4 24
$726.2M
Q3 24
$730.7M
Q2 24
$861.7M
Q1 24
$625.8M
Debt / Equity
IIIV
IIIV
RERE
RERE
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
IIIV
IIIV
RERE
RERE
Operating Cash FlowLast quarter
$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
IIIV
IIIV
RERE
RERE
Q4 25
$14.1M
Q3 25
$14.0M
Q2 25
$7.4M
Q1 25
$-27.1M
Q4 24
$11.5M
Q3 24
$15.1M
Q2 24
$8.1M
Q1 24
$10.7M
Free Cash Flow
IIIV
IIIV
RERE
RERE
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
$7.2M
Q1 24
$9.9M
FCF Margin
IIIV
IIIV
RERE
RERE
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
15.6%
Q1 24
17.1%
Capex Intensity
IIIV
IIIV
RERE
RERE
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
1.9%
Q1 24
1.4%
Cash Conversion
IIIV
IIIV
RERE
RERE
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

IIIV
IIIV

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

RERE
RERE

Segment breakdown not available.

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