RVYL vs IIIV

For growth investors, i3 Verticals, Inc.

(IIIV) is the stronger pick with -7. 3% revenue growth year-over-year, versus -15. 0% for Ryvyl Inc. (RVYL). i3 Verticals, Inc. (IIIV) offers the better valuation at 40. 9x trailing P/E (20. 3x forward), making it the more compelling value choice. Analysts rate i3 Verticals, Inc. (IIIV) a "Buy" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Ryvyl Inc.

is actually cheaper at 3. 2x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, i3 Verticals, Inc.

(IIIV) delivered a total return of -27. 6%, compared to -93. 1% for Ryvyl Inc. (RVYL). Over 10 years, the gap is even starker: RVYL returned +275. 0% versus IIIV's +24. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), i3 Verticals, Inc.

(IIIV) is the lower-risk stock at 0. 92β versus Ryvyl Inc. 's 2. 20β — meaning RVYL is approximately 140% more volatile than IIIV relative to the S&P 500.

By revenue growth (latest reported year), i3 Verticals, Inc.

(IIIV) is pulling ahead at -7. 3% versus -15. 0% for Ryvyl Inc. (RVYL). On earnings-per-share growth, the picture is similar: Ryvyl Inc. grew EPS 60. 3% year-over-year, compared to -87. 9% for i3 Verticals, Inc.. Over a 3-year CAGR, RVYL leads at 28. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

i3 Verticals, Inc.

(IIIV) is the more profitable company, earning 8. 4% net margin versus -47. 9% for Ryvyl Inc. — meaning it keeps 8. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IIIV leads at 1. 9% versus -37. 3% for RVYL. At the gross margin level — before operating expenses — IIIV leads at 55. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Ryvyl Inc.

(RVYL) trades at 3. 2x forward P/E versus 20. 3x for i3 Verticals, Inc. — 17. 1x cheaper on a one-year earnings basis.

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

For long-horizon retirement investors, i3 Verticals, Inc.

(IIIV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92)). Ryvyl Inc. (RVYL) carries a higher beta of 2. 20 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IIIV: +24. 9%, RVYL: +275. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.