vs
Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.
INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $4.8M, roughly 1.3× AMERICAN BATTERY TECHNOLOGY Co). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 1331.8%).
American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011. It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.
Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.
ABAT vs IPM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $6.1M |
| Net Profit | $-9.3M | — |
| Gross Margin | -33.6% | 53.1% |
| Operating Margin | -207.5% | -13.4% |
| Net Margin | -195.0% | — |
| Revenue YoY | 1331.8% | 2091.6% |
| Net Profit YoY | 30.7% | — |
| EPS (diluted) | $-0.07 | $-0.05 |
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.
| Q4 25 | $4.8M | $6.1M | ||
| Q3 25 | $937.6K | $6.2M | ||
| Q2 25 | $2.8M | $5.7M | ||
| Q1 25 | $980.0K | $5.5M | ||
| Q4 23 | — | $-7.3M | ||
| Q3 23 | — | $2.8M | ||
| Q2 23 | — | $3.0M | ||
| Q1 23 | — | $2.6M |
| Q4 25 | $-9.3M | — | ||
| Q3 25 | $-10.3M | $-1.1M | ||
| Q2 25 | $-10.2M | $-1.1M | ||
| Q1 25 | $-11.5M | $808.5K | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-181.6K | ||
| Q2 23 | — | $135.6K | ||
| Q1 23 | — | $-738.3K |
| Q4 25 | -33.6% | 53.1% | ||
| Q3 25 | -375.1% | 50.7% | ||
| Q2 25 | -92.6% | 50.1% | ||
| Q1 25 | -274.5% | 55.3% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | 70.1% | ||
| Q2 23 | — | 73.8% | ||
| Q1 23 | — | 68.7% |
| Q4 25 | -207.5% | -13.4% | ||
| Q3 25 | -1080.8% | -23.0% | ||
| Q2 25 | -280.1% | -19.7% | ||
| Q1 25 | -1086.3% | -24.2% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -14.1% | ||
| Q2 23 | — | -9.4% | ||
| Q1 23 | — | -35.5% |
| Q4 25 | -195.0% | — | ||
| Q3 25 | -1098.5% | -17.4% | ||
| Q2 25 | -366.4% | -18.3% | ||
| Q1 25 | -1173.1% | 14.7% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -6.6% | ||
| Q2 23 | — | 4.6% | ||
| Q1 23 | — | -28.8% |
| Q4 25 | $-0.07 | $-0.05 | ||
| Q3 25 | $-0.09 | $-0.08 | ||
| Q2 25 | $-0.09 | $-0.08 | ||
| Q1 25 | $-0.14 | $0.06 | ||
| Q4 23 | — | $-0.03 | ||
| Q3 23 | — | $-0.02 | ||
| Q2 23 | — | $0.01 | ||
| Q1 23 | — | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.9M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $119.0M | $18.2M |
| Total Assets | $123.3M | $26.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $5.6M | ||
| Q3 25 | $30.9M | $7.3M | ||
| Q2 25 | $7.5M | $7.3M | ||
| Q1 25 | $7.8M | $9.7M | ||
| Q4 23 | — | $13.6M | ||
| Q3 23 | — | $13.7M | ||
| Q2 23 | — | $13.7M | ||
| Q1 23 | — | $13.9M |
| Q4 25 | $119.0M | $18.2M | ||
| Q3 25 | $96.0M | $18.8M | ||
| Q2 25 | $70.6M | $19.9M | ||
| Q1 25 | $65.6M | $21.1M | ||
| Q4 23 | — | $20.1M | ||
| Q3 23 | — | $20.4M | ||
| Q2 23 | — | $20.5M | ||
| Q1 23 | — | $20.3M |
| Q4 25 | $123.3M | $26.0M | ||
| Q3 25 | $101.5M | $27.2M | ||
| Q2 25 | $84.5M | $29.8M | ||
| Q1 25 | $76.5M | $31.1M | ||
| Q4 23 | — | $23.9M | ||
| Q3 23 | — | $24.1M | ||
| Q2 23 | — | $24.4M | ||
| Q1 23 | — | $24.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | $87.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $87.6K | ||
| Q3 25 | $-7.1M | $133.0K | ||
| Q2 25 | — | $-888.7K | ||
| Q1 25 | $-10.3M | $1.7M | ||
| Q4 23 | — | $-99.0K | ||
| Q3 23 | — | $16.1K | ||
| Q2 23 | — | $-193.8K | ||
| Q1 23 | — | $-803.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.16× | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | -1.43× | ||
| Q1 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABAT
Segment breakdown not available.
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
