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Side-by-side financial comparison of Aeva Technologies, Inc. (AEVA) 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 $5.6M, roughly 1.1× Aeva Technologies, Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 108.5%). Over the past eight quarters, Aeva Technologies, Inc.'s revenue compounded faster (63.3% CAGR vs 54.7%).

Aeva Technologies, Inc. is a publicly traded American corporation specializing in sensing hardware and perception software, including LiDAR, headquartered in Mountain View, California. Aeva makes sensing and perception tools for vehicular automation, metrology, and industrial automation.

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.

AEVA vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.1× larger
IPM
$6.1M
$5.6M
AEVA
Growing faster (revenue YoY)
IPM
IPM
+1983.1% gap
IPM
2091.6%
108.5%
AEVA
Faster 2-yr revenue CAGR
AEVA
AEVA
Annualised
AEVA
63.3%
54.7%
IPM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEVA
AEVA
IPM
IPM
Revenue
$5.6M
$6.1M
Net Profit
$-25.3M
Gross Margin
23.5%
53.1%
Operating Margin
-517.6%
-13.4%
Net Margin
-450.3%
Revenue YoY
108.5%
2091.6%
Net Profit YoY
30.0%
EPS (diluted)
$2.10
$-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
AEVA
AEVA
IPM
IPM
Q4 25
$5.6M
$6.1M
Q3 25
$3.6M
$6.2M
Q2 25
$5.5M
$5.7M
Q1 25
$3.4M
$5.5M
Q4 24
$2.7M
Q3 24
$2.3M
Q2 24
$2.0M
Q1 24
$2.1M
Net Profit
AEVA
AEVA
IPM
IPM
Q4 25
$-25.3M
Q3 25
$107.5M
$-1.1M
Q2 25
$-192.7M
$-1.1M
Q1 25
$-34.9M
$808.5K
Q4 24
$-36.1M
Q3 24
$-37.4M
Q2 24
$-43.4M
Q1 24
$-35.3M
Gross Margin
AEVA
AEVA
IPM
IPM
Q4 25
23.5%
53.1%
Q3 25
12.0%
50.7%
Q2 25
-49.4%
50.1%
Q1 25
9.2%
55.3%
Q4 24
-30.7%
Q3 24
-32.0%
Q2 24
-42.1%
Q1 24
-66.1%
Operating Margin
AEVA
AEVA
IPM
IPM
Q4 25
-517.6%
-13.4%
Q3 25
-926.5%
-23.0%
Q2 25
-633.7%
-19.7%
Q1 25
-903.1%
-24.2%
Q4 24
-1270.0%
Q3 24
-1683.4%
Q2 24
-2431.1%
Q1 24
-1772.4%
Net Margin
AEVA
AEVA
IPM
IPM
Q4 25
-450.3%
Q3 25
3003.5%
-17.4%
Q2 25
-3497.4%
-18.3%
Q1 25
-1035.2%
14.7%
Q4 24
-1340.7%
Q3 24
-1662.0%
Q2 24
-2156.7%
Q1 24
-1676.6%
EPS (diluted)
AEVA
AEVA
IPM
IPM
Q4 25
$2.10
$-0.05
Q3 25
$-0.52
$-0.08
Q2 25
$-3.49
$-0.08
Q1 25
$-0.64
$0.06
Q4 24
$-0.66
Q3 24
$-0.70
Q2 24
$-0.82
Q1 24
$-0.67

Balance Sheet & Financial Strength

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

Metric
AEVA
AEVA
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$121.9M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.2M
$18.2M
Total Assets
$179.7M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEVA
AEVA
IPM
IPM
Q4 25
$121.9M
$5.6M
Q3 25
$48.9M
$7.3M
Q2 25
$49.8M
$7.3M
Q1 25
$81.0M
$9.7M
Q4 24
$112.0M
Q3 24
$134.8M
Q2 24
$160.2M
Q1 24
$189.3M
Stockholders' Equity
AEVA
AEVA
IPM
IPM
Q4 25
$13.2M
$18.2M
Q3 25
$33.2M
$18.8M
Q2 25
$-118.2M
$19.9M
Q1 25
$68.8M
$21.1M
Q4 24
$99.4M
Q3 24
$129.3M
Q2 24
$160.0M
Q1 24
$198.2M
Total Assets
AEVA
AEVA
IPM
IPM
Q4 25
$179.7M
$26.0M
Q3 25
$92.8M
$27.2M
Q2 25
$91.1M
$29.8M
Q1 25
$114.5M
$31.1M
Q4 24
$147.5M
Q3 24
$169.1M
Q2 24
$198.1M
Q1 24
$224.8M

Cash Flow & Capital Efficiency

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

Metric
AEVA
AEVA
IPM
IPM
Operating Cash FlowLast quarter
$-22.1M
$87.6K
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
-420.9%
Capex IntensityCapex / Revenue
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-119.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEVA
AEVA
IPM
IPM
Q4 25
$-22.1M
$87.6K
Q3 25
$-32.3M
$133.0K
Q2 25
$-29.8M
$-888.7K
Q1 25
$-30.8M
$1.7M
Q4 24
$-20.9M
Q3 24
$-25.9M
Q2 24
$-29.2M
Q1 24
$-31.0M
Free Cash Flow
AEVA
AEVA
IPM
IPM
Q4 25
$-23.7M
Q3 25
$-33.6M
Q2 25
$-31.2M
Q1 25
$-31.3M
Q4 24
$-23.0M
Q3 24
$-26.4M
Q2 24
$-29.9M
Q1 24
$-32.6M
FCF Margin
AEVA
AEVA
IPM
IPM
Q4 25
-420.9%
Q3 25
-938.4%
Q2 25
-566.0%
Q1 25
-927.9%
Q4 24
-854.5%
Q3 24
-1174.7%
Q2 24
-1488.3%
Q1 24
-1547.7%
Capex Intensity
AEVA
AEVA
IPM
IPM
Q4 25
26.9%
Q3 25
35.6%
0.0%
Q2 25
24.8%
Q1 25
13.6%
Q4 24
79.3%
Q3 24
24.1%
Q2 24
38.7%
Q1 24
78.2%
Cash Conversion
AEVA
AEVA
IPM
IPM
Q4 25
Q3 25
-0.30×
Q2 25
Q1 25
2.16×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AEVA
AEVA

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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