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Side-by-side financial comparison of BioAge Labs, Inc. (BIOA) 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 $3.1M, roughly 2.0× BioAge Labs, Inc.).

Altos Labs, Inc. is an American biotechnology research company. Altos Labs' goal is to develop life extension therapies that can halt or reverse the human aging process. Specialized cell therapies based on induced pluripotent stem cells are to be developed for this purpose. Russian-born technology businessman Yuri Milner, along with investors including Jeff Bezos, funded the company in 2021, operations started in 2022.

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.

BIOA vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
2.0× larger
IPM
$6.1M
$3.1M
BIOA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BIOA
BIOA
IPM
IPM
Revenue
$3.1M
$6.1M
Net Profit
$-25.9M
Gross Margin
53.1%
Operating Margin
-923.4%
-13.4%
Net Margin
-842.9%
Revenue YoY
2091.6%
Net Profit YoY
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
BIOA
BIOA
IPM
IPM
Q4 25
$3.1M
$6.1M
Q3 25
$2.1M
$6.2M
Q2 25
$2.4M
$5.7M
Q1 25
$1.5M
$5.5M
Q3 24
$0
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$3.0M
Net Profit
BIOA
BIOA
IPM
IPM
Q4 25
$-25.9M
Q3 25
$-20.2M
$-1.1M
Q2 25
$-21.6M
$-1.1M
Q1 25
$-12.9M
$808.5K
Q3 24
$-23.4M
Q4 23
Q3 23
$-181.6K
Q2 23
$135.6K
Gross Margin
BIOA
BIOA
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q3 24
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Operating Margin
BIOA
BIOA
IPM
IPM
Q4 25
-923.4%
-13.4%
Q3 25
-1126.6%
-23.0%
Q2 25
-1027.0%
-19.7%
Q1 25
-1133.4%
-24.2%
Q3 24
Q4 23
Q3 23
-14.1%
Q2 23
-9.4%
Net Margin
BIOA
BIOA
IPM
IPM
Q4 25
-842.9%
Q3 25
-982.0%
-17.4%
Q2 25
-894.0%
-18.3%
Q1 25
-891.0%
14.7%
Q3 24
Q4 23
Q3 23
-6.6%
Q2 23
4.6%
EPS (diluted)
BIOA
BIOA
IPM
IPM
Q4 25
$-0.72
$-0.05
Q3 25
$-0.56
$-0.08
Q2 25
$-0.60
$-0.08
Q1 25
$-0.36
$0.06
Q3 24
$-6.70
Q4 23
$-0.03
Q3 23
$-0.02
Q2 23
$0.01

Balance Sheet & Financial Strength

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

Metric
BIOA
BIOA
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$281.1M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$272.1M
$18.2M
Total Assets
$294.9M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIOA
BIOA
IPM
IPM
Q4 25
$281.1M
$5.6M
Q3 25
$285.8M
$7.3M
Q2 25
$297.3M
$7.3M
Q1 25
$320.5M
$9.7M
Q3 24
$334.5M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$13.7M
Total Debt
BIOA
BIOA
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
$7.1M
Q3 24
$9.9M
Q4 23
Q3 23
Q2 23
Stockholders' Equity
BIOA
BIOA
IPM
IPM
Q4 25
$272.1M
$18.2M
Q3 25
$277.5M
$18.8M
Q2 25
$294.8M
$19.9M
Q1 25
$313.2M
$21.1M
Q3 24
$313.7M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$20.5M
Total Assets
BIOA
BIOA
IPM
IPM
Q4 25
$294.9M
$26.0M
Q3 25
$305.1M
$27.2M
Q2 25
$322.1M
$29.8M
Q1 25
$343.8M
$31.1M
Q3 24
$337.4M
Q4 23
$23.9M
Q3 23
$24.1M
Q2 23
$24.4M
Debt / Equity
BIOA
BIOA
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
0.02×
Q3 24
0.03×
Q4 23
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
BIOA
BIOA
IPM
IPM
Operating Cash FlowLast quarter
$-28.3M
$87.6K
Free Cash FlowOCF − Capex
$-28.4M
FCF MarginFCF / Revenue
-921.5%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-82.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIOA
BIOA
IPM
IPM
Q4 25
$-28.3M
$87.6K
Q3 25
$-16.0M
$133.0K
Q2 25
$-20.0M
$-888.7K
Q1 25
$-17.4M
$1.7M
Q3 24
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Free Cash Flow
BIOA
BIOA
IPM
IPM
Q4 25
$-28.4M
Q3 25
$-16.1M
Q2 25
$-20.1M
Q1 25
$-17.8M
Q3 24
Q4 23
Q3 23
Q2 23
FCF Margin
BIOA
BIOA
IPM
IPM
Q4 25
-921.5%
Q3 25
-782.2%
Q2 25
-834.5%
Q1 25
-1226.0%
Q3 24
Q4 23
Q3 23
Q2 23
Capex Intensity
BIOA
BIOA
IPM
IPM
Q4 25
3.6%
Q3 25
1.1%
0.0%
Q2 25
6.6%
Q1 25
29.4%
Q3 24
Q4 23
Q3 23
Q2 23
Cash Conversion
BIOA
BIOA
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q3 24
Q4 23
Q3 23
Q2 23
-1.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIOA
BIOA

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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