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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.
AIRO Group Holdings, Inc. is the larger business by last-quarter revenue ($6.3M vs $6.1M, roughly 1.0× INTELLIGENT PROTECTION MANAGEMENT CORP.).
Airo Aviation FZ-LLC was an Emirati aircraft manufacturer based in the Ras Al Khaimah Free Trade Zone. The company specialized in the manufacture of ultralight aircraft in the form of ready-to-fly aircraft for the European Fédération Aéronautique Internationale microlight category.
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.
AIRO vs IPM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.3M | $6.1M |
| Net Profit | $-8.0M | — |
| Gross Margin | 44.4% | 53.1% |
| Operating Margin | -190.7% | -13.4% |
| Net Margin | -126.7% | — |
| Revenue YoY | — | 2091.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.28 | $-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 | — | $6.1M | ||
| Q3 25 | $6.3M | $6.2M | ||
| Q2 25 | $24.6M | $5.7M | ||
| Q1 25 | — | $5.5M | ||
| Q4 23 | — | $-7.3M | ||
| Q3 23 | — | $2.8M | ||
| Q2 23 | — | $3.0M | ||
| Q1 23 | — | $2.6M |
| Q4 25 | — | — | ||
| Q3 25 | $-8.0M | $-1.1M | ||
| Q2 25 | $5.9M | $-1.1M | ||
| Q1 25 | — | $808.5K | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-181.6K | ||
| Q2 23 | — | $135.6K | ||
| Q1 23 | — | $-738.3K |
| Q4 25 | — | 53.1% | ||
| Q3 25 | 44.4% | 50.7% | ||
| Q2 25 | 61.2% | 50.1% | ||
| Q1 25 | — | 55.3% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | 70.1% | ||
| Q2 23 | — | 73.8% | ||
| Q1 23 | — | 68.7% |
| Q4 25 | — | -13.4% | ||
| Q3 25 | -190.7% | -23.0% | ||
| Q2 25 | -80.2% | -19.7% | ||
| Q1 25 | — | -24.2% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -14.1% | ||
| Q2 23 | — | -9.4% | ||
| Q1 23 | — | -35.5% |
| Q4 25 | — | — | ||
| Q3 25 | -126.7% | -17.4% | ||
| Q2 25 | 23.9% | -18.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -6.6% | ||
| Q2 23 | — | 4.6% | ||
| Q1 23 | — | -28.8% |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-0.28 | $-0.08 | ||
| Q2 25 | $0.30 | $-0.08 | ||
| Q1 25 | — | $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 | — | $5.6M |
| Total DebtLower is stronger | $5.1M | — |
| Stockholders' EquityBook value | $739.5M | $18.2M |
| Total Assets | $774.6M | $26.0M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | $7.3M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | — | $9.7M | ||
| Q4 23 | — | $13.6M | ||
| Q3 23 | — | $13.7M | ||
| Q2 23 | — | $13.7M | ||
| Q1 23 | — | $13.9M |
| Q4 25 | — | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $8.9M | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | $18.2M | ||
| Q3 25 | $739.5M | $18.8M | ||
| Q2 25 | $679.6M | $19.9M | ||
| Q1 25 | — | $21.1M | ||
| Q4 23 | — | $20.1M | ||
| Q3 23 | — | $20.4M | ||
| Q2 23 | — | $20.5M | ||
| Q1 23 | — | $20.3M |
| Q4 25 | — | $26.0M | ||
| Q3 25 | $774.6M | $27.2M | ||
| Q2 25 | $747.8M | $29.8M | ||
| Q1 25 | — | $31.1M | ||
| Q4 23 | — | $23.9M | ||
| Q3 23 | — | $24.1M | ||
| Q2 23 | — | $24.4M | ||
| Q1 23 | — | $24.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
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 | $-5.8M | $87.6K |
| Free Cash FlowOCF − Capex | $-6.7M | — |
| FCF MarginFCF / Revenue | -106.7% | — |
| Capex IntensityCapex / Revenue | 15.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $87.6K | ||
| Q3 25 | $-5.8M | $133.0K | ||
| Q2 25 | $-30.8M | $-888.7K | ||
| Q1 25 | — | $1.7M | ||
| Q4 23 | — | $-99.0K | ||
| Q3 23 | — | $16.1K | ||
| Q2 23 | — | $-193.8K | ||
| Q1 23 | — | $-803.0K |
| Q4 25 | — | — | ||
| Q3 25 | $-6.7M | — | ||
| Q2 25 | $-31.8M | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -106.7% | — | ||
| Q2 25 | -129.6% | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 15.0% | 0.0% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.24× | — | ||
| 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
AIRO
| Transferred At Point In Time | $4.5M | 71% |
| Transferred Over Time | $1.8M | 29% |
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
