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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

Arbutus Biopharma Corp is the larger business by last-quarter revenue ($10.7M vs $6.1M, roughly 1.8× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 522.2%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -13.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

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.

ABUS vs IPM — Head-to-Head

Bigger by revenue
ABUS
ABUS
1.8× larger
ABUS
$10.7M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+1569.4% gap
IPM
2091.6%
522.2%
ABUS
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
IPM
IPM
Revenue
$10.7M
$6.1M
Net Profit
$2.5M
Gross Margin
53.1%
Operating Margin
13.9%
-13.4%
Net Margin
23.5%
Revenue YoY
522.2%
2091.6%
Net Profit YoY
112.7%
EPS (diluted)
$0.01
$-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.

Revenue
ABUS
ABUS
IPM
IPM
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$10.7M
$5.7M
Q1 25
$5.5M
Q4 23
$2.1M
$-7.3M
Q3 23
$4.7M
$2.8M
Q2 23
$4.7M
$3.0M
Q1 23
$6.7M
$2.6M
Net Profit
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
$-1.1M
Q2 25
$2.5M
$-1.1M
Q1 25
$808.5K
Q4 23
Q3 23
$-20.1M
$-181.6K
Q2 23
$-17.1M
$135.6K
Q1 23
$-16.3M
$-738.3K
Gross Margin
ABUS
ABUS
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Q1 23
68.7%
Operating Margin
ABUS
ABUS
IPM
IPM
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
13.9%
-19.7%
Q1 25
-24.2%
Q4 23
-967.2%
Q3 23
-462.8%
-14.1%
Q2 23
-395.3%
-9.4%
Q1 23
-260.4%
-35.5%
Net Margin
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
-17.4%
Q2 25
23.5%
-18.3%
Q1 25
14.7%
Q4 23
Q3 23
-431.6%
-6.6%
Q2 23
-367.5%
4.6%
Q1 23
-244.3%
-28.8%
EPS (diluted)
ABUS
ABUS
IPM
IPM
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$0.01
$-0.08
Q1 25
$0.06
Q4 23
$-0.12
$-0.03
Q3 23
$-0.12
$-0.02
Q2 23
$-0.10
$0.01
Q1 23
$-0.10
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABUS
ABUS
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$37.4M
$5.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$18.2M
Total Assets
$103.3M
$26.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
IPM
IPM
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$37.4M
$7.3M
Q1 25
$9.7M
Q4 23
$126.0M
$13.6M
Q3 23
$17.5M
$13.7M
Q2 23
$27.2M
$13.7M
Q1 23
$40.6M
$13.9M
Total Debt
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
Q2 25
$0
Q1 25
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Stockholders' Equity
ABUS
ABUS
IPM
IPM
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$83.0M
$19.9M
Q1 25
$21.1M
Q4 23
$106.0M
$20.1M
Q3 23
$119.3M
$20.4M
Q2 23
$134.7M
$20.5M
Q1 23
$143.9M
$20.3M
Total Assets
ABUS
ABUS
IPM
IPM
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$103.3M
$29.8M
Q1 25
$31.1M
Q4 23
$144.4M
$23.9M
Q3 23
$158.6M
$24.1M
Q2 23
$176.8M
$24.4M
Q1 23
$191.2M
$24.3M
Debt / Equity
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABUS
ABUS
IPM
IPM
Operating Cash FlowLast quarter
$-15.7M
$87.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
IPM
IPM
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-15.7M
$-888.7K
Q1 25
$1.7M
Q4 23
$-17.3M
$-99.0K
Q3 23
$-21.8M
$16.1K
Q2 23
$-19.6M
$-193.8K
Q1 23
$-27.3M
$-803.0K
Free Cash Flow
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
FCF Margin
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Capex Intensity
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Cash Conversion
ABUS
ABUS
IPM
IPM
Q4 25
Q3 25
Q2 25
-6.24×
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

ABUS
ABUS

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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