vs

Side-by-side financial comparison of ALLURION TECHNOLOGIES, INC. (ALUR) 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 $3.6M, roughly 1.7× ALLURION TECHNOLOGIES, INC.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -35.4%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -38.0%).

Robinson Technologies is a Japanese video game developer founded by Seth Robinson. The company produced the BBS door games Legend of the Red Dragon, Planets: The Exploration of Space and Growtopia, an experimental multiplayer creative sandbox created as a collaboration with Hamumu Software, released in 2013 for iOS, Android, Microsoft Windows, and macOS.

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.

ALUR vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.7× larger
IPM
$6.1M
$3.6M
ALUR
Growing faster (revenue YoY)
IPM
IPM
+2127.0% gap
IPM
2091.6%
-35.4%
ALUR
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-38.0%
ALUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALUR
ALUR
IPM
IPM
Revenue
$3.6M
$6.1M
Net Profit
$-6.0M
Gross Margin
44.5%
53.1%
Operating Margin
-174.2%
-13.4%
Net Margin
-167.0%
Revenue YoY
-35.4%
2091.6%
Net Profit YoY
37.2%
EPS (diluted)
$-0.69
$-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
ALUR
ALUR
IPM
IPM
Q4 25
$3.6M
$6.1M
Q3 25
$2.7M
$6.2M
Q2 25
$3.4M
$5.7M
Q1 25
$5.6M
$5.5M
Q4 24
$5.6M
Q3 24
$5.4M
Q2 24
$11.8M
Q1 24
$9.4M
Net Profit
ALUR
ALUR
IPM
IPM
Q4 25
$-6.0M
Q3 25
$-11.9M
$-1.1M
Q2 25
$-9.3M
$-1.1M
Q1 25
$-1.5M
$808.5K
Q4 24
$-9.6M
Q3 24
$8.7M
Q2 24
$-8.3M
Q1 24
$2.0M
Gross Margin
ALUR
ALUR
IPM
IPM
Q4 25
44.5%
53.1%
Q3 25
49.1%
50.7%
Q2 25
73.9%
50.1%
Q1 25
74.6%
55.3%
Q4 24
45.3%
Q3 24
58.0%
Q2 24
76.4%
Q1 24
73.2%
Operating Margin
ALUR
ALUR
IPM
IPM
Q4 25
-174.2%
-13.4%
Q3 25
-362.3%
-23.0%
Q2 25
-205.7%
-19.7%
Q1 25
-130.5%
-24.2%
Q4 24
-306.2%
Q3 24
-229.9%
Q2 24
-79.4%
Q1 24
-121.4%
Net Margin
ALUR
ALUR
IPM
IPM
Q4 25
-167.0%
Q3 25
-447.1%
-17.4%
Q2 25
-276.3%
-18.3%
Q1 25
-26.9%
14.7%
Q4 24
-171.8%
Q3 24
162.8%
Q2 24
-70.7%
Q1 24
21.3%
EPS (diluted)
ALUR
ALUR
IPM
IPM
Q4 25
$-0.69
$-0.05
Q3 25
$-1.53
$-0.08
Q2 25
$-1.28
$-0.08
Q1 25
$-0.31
$0.06
Q4 24
$-3.22
Q3 24
$3.40
Q2 24
$-4.34
Q1 24
$0.96

Balance Sheet & Financial Strength

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

Metric
ALUR
ALUR
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$5.4M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-77.2M
$18.2M
Total Assets
$15.8M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALUR
ALUR
IPM
IPM
Q4 25
$5.4M
$5.6M
Q3 25
$6.1M
$7.3M
Q2 25
$12.7M
$7.3M
Q1 25
$20.4M
$9.7M
Q4 24
$15.4M
Q3 24
$28.7M
Q2 24
$19.3M
Q1 24
$29.7M
Stockholders' Equity
ALUR
ALUR
IPM
IPM
Q4 25
$-77.2M
$18.2M
Q3 25
$-82.9M
$18.8M
Q2 25
$-64.0M
$19.9M
Q1 25
$-69.8M
$21.1M
Q4 24
$-78.0M
Q3 24
$-64.8M
Q2 24
$-70.6M
Q1 24
$-66.2M
Total Assets
ALUR
ALUR
IPM
IPM
Q4 25
$15.8M
$26.0M
Q3 25
$18.1M
$27.2M
Q2 25
$28.2M
$29.8M
Q1 25
$38.4M
$31.1M
Q4 24
$32.8M
Q3 24
$50.7M
Q2 24
$46.5M
Q1 24
$60.0M

Cash Flow & Capital Efficiency

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

Metric
ALUR
ALUR
IPM
IPM
Operating Cash FlowLast quarter
$-5.3M
$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.

Operating Cash Flow
ALUR
ALUR
IPM
IPM
Q4 25
$-5.3M
$87.6K
Q3 25
$-6.5M
$133.0K
Q2 25
$-7.6M
$-888.7K
Q1 25
$-9.5M
$1.7M
Q4 24
$-13.3M
Q3 24
$-11.5M
Q2 24
$-8.9M
Q1 24
$-8.6M
Free Cash Flow
ALUR
ALUR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-11.5M
Q2 24
$-9.4M
Q1 24
$-8.7M
FCF Margin
ALUR
ALUR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-214.9%
Q2 24
-79.6%
Q1 24
-93.1%
Capex Intensity
ALUR
ALUR
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
1.3%
Q2 24
3.7%
Q1 24
1.1%
Cash Conversion
ALUR
ALUR
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q3 24
-1.31×
Q2 24
Q1 24
-4.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALUR
ALUR

ES$2.2M60%
Other$1.5M40%

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

Related Comparisons