COMP <GO>
IIIV vs BLZE // EV/EBITDA & P/E VALUATION
i3 Verticals Inc. (Class A) (NASDAQ) VS. Backblaze Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: IIIV 5
— BLZE 4
■ METRIC PARITY
LAST: $17.31 (+0.23%) • MKT CAP: $455.6M
valuation
77.0x
LAST: $8.73 (-4.01%) • MKT CAP: $540.4M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IIIV VS. BLZE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IIIV | BLZE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 60.90% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 0.90% | -34.50% | +35.40 | IIIV | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 77.0x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 0.82% | 3.49% | -2.67 | BLZE | /fcf-yield <GO> |
| Operating Margin | 1.80% | -16.20% | +18.00 | IIIV | /operating-margins <GO> |
| Net Profit Margin | 8.40% | -17.60% | +26.00 | IIIV | /net-margins <GO> |
| Revenue Growth (YoY) | 11.50% | 14.30% | -2.80 | BLZE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.16 | 1.75 | +1.41 | IIIV | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 7/9 | -2.00 | BLZE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 66.5 | 27.3 | +39.21 | IIIV | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 23.7x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $455.6M | $540.4M | -$84.8M | BLZE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IIIV REV | BLZE REV | IIIV GROSS % | BLZE GROSS % | IIIV FCF | BLZE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $213.2M | $145.8M | — | 60.9% | $3.8M | $18.9M |
| FY 2024 | $191.2M | $127.6M | — | 54.3% | $45.4M | $10.8M |
| FY 2023 | $189.7M | $102.0M | — | — | $37.2M | -$7.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IIIV // BETA —
BLZE // BETA —