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Side-by-side financial comparison of ASSEMBLY BIOSCIENCES, INC. (ASMB) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

ASSEMBLY BIOSCIENCES, INC. is the larger business by last-quarter revenue ($10.8M 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 57.6%).

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

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.

ASMB vs IPM — Head-to-Head

Bigger by revenue
ASMB
ASMB
1.8× larger
ASMB
$10.8M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2034.0% gap
IPM
2091.6%
57.6%
ASMB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASMB
ASMB
IPM
IPM
Revenue
$10.8M
$6.1M
Net Profit
$-9.2M
Gross Margin
53.1%
Operating Margin
-100.9%
-13.4%
Net Margin
-85.2%
Revenue YoY
57.6%
2091.6%
Net Profit YoY
4.3%
EPS (diluted)
$-0.72
$-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
ASMB
ASMB
IPM
IPM
Q4 25
$6.1M
Q3 25
$10.8M
$6.2M
Q2 25
$9.6M
$5.7M
Q1 25
$9.4M
$5.5M
Q4 24
$7.4M
Q3 24
$6.8M
Q2 24
$8.5M
Q1 24
$5.8M
Net Profit
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
$-9.2M
$-1.1M
Q2 25
$-10.2M
$-1.1M
Q1 25
$-8.8M
$808.5K
Q4 24
Q3 24
$-9.6M
Q2 24
$-11.2M
Q1 24
$-9.1M
Gross Margin
ASMB
ASMB
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ASMB
ASMB
IPM
IPM
Q4 25
-13.4%
Q3 25
-100.9%
-23.0%
Q2 25
-115.2%
-19.7%
Q1 25
-105.5%
-24.2%
Q4 24
Q3 24
-160.1%
Q2 24
-143.0%
Q1 24
-185.5%
Net Margin
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
-85.2%
-17.4%
Q2 25
-105.9%
-18.3%
Q1 25
-93.6%
14.7%
Q4 24
Q3 24
-140.4%
Q2 24
-130.7%
Q1 24
-156.9%
EPS (diluted)
ASMB
ASMB
IPM
IPM
Q4 25
$-0.05
Q3 25
$-0.72
$-0.08
Q2 25
$-1.33
$-0.08
Q1 25
$-1.17
$0.06
Q4 24
Q3 24
$-1.51
Q2 24
$-1.98
Q1 24
$-1.66

Balance Sheet & Financial Strength

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

Metric
ASMB
ASMB
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$22.5M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.7M
$18.2M
Total Assets
$240.0M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASMB
ASMB
IPM
IPM
Q4 25
$5.6M
Q3 25
$22.5M
$7.3M
Q2 25
$24.0M
$7.3M
Q1 25
$23.4M
$9.7M
Q4 24
$38.3M
Q3 24
$28.5M
Q2 24
$19.2M
Q1 24
$18.7M
Stockholders' Equity
ASMB
ASMB
IPM
IPM
Q4 25
$18.2M
Q3 25
$182.7M
$18.8M
Q2 25
$18.1M
$19.9M
Q1 25
$27.1M
$21.1M
Q4 24
$33.4M
Q3 24
$26.0M
Q2 24
$34.7M
Q1 24
$32.6M
Total Assets
ASMB
ASMB
IPM
IPM
Q4 25
$26.0M
Q3 25
$240.0M
$27.2M
Q2 25
$80.8M
$29.8M
Q1 25
$99.0M
$31.1M
Q4 24
$119.2M
Q3 24
$100.3M
Q2 24
$115.3M
Q1 24
$119.9M

Cash Flow & Capital Efficiency

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

Metric
ASMB
ASMB
IPM
IPM
Operating Cash FlowLast quarter
$-15.1M
$87.6K
Free Cash FlowOCF − Capex
$-15.2M
FCF MarginFCF / Revenue
-140.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASMB
ASMB
IPM
IPM
Q4 25
$87.6K
Q3 25
$-15.1M
$133.0K
Q2 25
$-16.8M
$-888.7K
Q1 25
$-23.4M
$1.7M
Q4 24
$-51.1M
Q3 24
$-15.2M
Q2 24
$-17.1M
Q1 24
$-18.4M
Free Cash Flow
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
$-15.2M
Q2 25
Q1 25
Q4 24
$-51.1M
Q3 24
Q2 24
$-17.1M
Q1 24
$-18.4M
FCF Margin
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
-140.7%
Q2 25
Q1 25
Q4 24
-695.2%
Q3 24
Q2 24
-200.6%
Q1 24
-317.7%
Capex Intensity
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
0.4%
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.4%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
ASMB
ASMB
IPM
IPM
Q4 25
Q3 25
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

ASMB
ASMB

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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