Bakkt Holdings, Inc. (BKKT) vs i3 Verticals, Inc. (IIIV)

Bakkt Holdings, Inc. and i3 Verticals, Inc. are both Software Infrastructure companies. Bakkt Holdings, Inc. and i3 Verticals, Inc. are of similar size ($398.3M and $398.0M). Bakkt Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; i3 Verticals, Inc. trades at 37.2×. i3 Verticals, Inc. grew revenue faster over the last twelve months: 14.7% against −70.0%. i3 Verticals, Inc. has the higher net margin (3.90% vs −2.78%) and the higher return on invested capital (0.72% vs −31.5%). Across the 18 metrics below, i3 Verticals, Inc. leads on 12 and Bakkt Holdings, Inc. on 6.