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Side-by-side financial comparison of CISO Global, Inc. (CISO) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

CISO Global, Inc. is the larger business by last-quarter revenue ($6.3M vs $6.1M, roughly 1.0× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -15.4%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -11.6%).

CISO Global, Inc. is a specialized cybersecurity services provider. It offers managed security monitoring, risk assessment, compliance advisory and incident response, serving North American SMEs, government and commercial clients across healthcare, retail and finance to help safeguard digital assets and mitigate cyber risks.

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.

CISO vs IPM — Head-to-Head

Bigger by revenue
CISO
CISO
1.0× larger
CISO
$6.3M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2106.9% gap
IPM
2091.6%
-15.4%
CISO
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-11.6%
CISO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CISO
CISO
IPM
IPM
Revenue
$6.3M
$6.1M
Net Profit
$-2.2M
Gross Margin
28.6%
53.1%
Operating Margin
-33.7%
-13.4%
Net Margin
-35.4%
Revenue YoY
-15.4%
2091.6%
Net Profit YoY
59.8%
EPS (diluted)
$0.10
$-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
CISO
CISO
IPM
IPM
Q4 25
$6.3M
$6.1M
Q3 25
$6.5M
$6.2M
Q2 25
$6.7M
$5.7M
Q1 25
$7.2M
$5.5M
Q4 24
$7.4M
Q3 24
$7.5M
Q2 24
$7.8M
Q1 24
$8.0M
Net Profit
CISO
CISO
IPM
IPM
Q4 25
$-2.2M
Q3 25
$2.5M
$-1.1M
Q2 25
$-3.0M
$-1.1M
Q1 25
$-5.4M
$808.5K
Q4 24
$-5.5M
Q3 24
$-3.7M
Q2 24
$-8.4M
Q1 24
$-6.6M
Gross Margin
CISO
CISO
IPM
IPM
Q4 25
28.6%
53.1%
Q3 25
24.9%
50.7%
Q2 25
24.4%
50.1%
Q1 25
24.9%
55.3%
Q4 24
24.8%
Q3 24
13.8%
Q2 24
12.0%
Q1 24
8.8%
Operating Margin
CISO
CISO
IPM
IPM
Q4 25
-33.7%
-13.4%
Q3 25
-40.8%
-23.0%
Q2 25
-34.7%
-19.7%
Q1 25
-23.9%
-24.2%
Q4 24
-26.1%
Q3 24
-46.8%
Q2 24
-54.3%
Q1 24
-61.0%
Net Margin
CISO
CISO
IPM
IPM
Q4 25
-35.4%
Q3 25
39.2%
-17.4%
Q2 25
-44.8%
-18.3%
Q1 25
-75.1%
14.7%
Q4 24
-74.5%
Q3 24
-49.0%
Q2 24
-108.0%
Q1 24
-82.4%
EPS (diluted)
CISO
CISO
IPM
IPM
Q4 25
$0.10
$-0.05
Q3 25
$-0.05
$-0.08
Q2 25
$-0.09
$-0.08
Q1 25
$-0.38
$0.06
Q4 24
$-0.47
Q3 24
$-0.32
Q2 24
$-0.69
Q1 24
$-0.55

Balance Sheet & Financial Strength

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

Metric
CISO
CISO
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$1.7M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.8M
$18.2M
Total Assets
$25.0M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CISO
CISO
IPM
IPM
Q4 25
$1.7M
$5.6M
Q3 25
$1.1M
$7.3M
Q2 25
$760.8K
$7.3M
Q1 25
$1.8M
$9.7M
Q4 24
$992.6K
Q3 24
$443.1K
Q2 24
$1.1M
Q1 24
$1.5M
Total Debt
CISO
CISO
IPM
IPM
Q4 25
Q3 25
$2.1M
Q2 25
$9.9M
Q1 25
$10.6M
Q4 24
$11.7M
Q3 24
$11.9M
Q2 24
$12.8M
Q1 24
$15.1M
Stockholders' Equity
CISO
CISO
IPM
IPM
Q4 25
$14.8M
$18.2M
Q3 25
$16.3M
$18.8M
Q2 25
$7.6M
$19.9M
Q1 25
$7.0M
$21.1M
Q4 24
$1.1M
Q3 24
$3.0M
Q2 24
$5.6M
Q1 24
$11.2M
Total Assets
CISO
CISO
IPM
IPM
Q4 25
$25.0M
$26.0M
Q3 25
$25.1M
$27.2M
Q2 25
$25.8M
$29.8M
Q1 25
$27.8M
$31.1M
Q4 24
$26.7M
Q3 24
$26.6M
Q2 24
$43.2M
Q1 24
$47.5M
Debt / Equity
CISO
CISO
IPM
IPM
Q4 25
Q3 25
0.13×
Q2 25
1.31×
Q1 25
1.52×
Q4 24
10.20×
Q3 24
3.92×
Q2 24
2.27×
Q1 24
1.35×

Cash Flow & Capital Efficiency

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

Metric
CISO
CISO
IPM
IPM
Operating Cash FlowLast quarter
$-1.8M
$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
CISO
CISO
IPM
IPM
Q4 25
$-1.8M
$87.6K
Q3 25
$-876.7K
$133.0K
Q2 25
$-2.3M
$-888.7K
Q1 25
$-3.0M
$1.7M
Q4 24
$-259.0K
Q3 24
$-903.1K
Q2 24
$-1.3M
Q1 24
$-1.4M
Free Cash Flow
CISO
CISO
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-1.3M
Q1 24
$-1.5M
FCF Margin
CISO
CISO
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-16.4%
Q1 24
-18.5%
Capex Intensity
CISO
CISO
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.9%
Cash Conversion
CISO
CISO
IPM
IPM
Q4 25
Q3 25
-0.35×
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

CISO
CISO

Security Managed Services$5.4M87%
Other$823.3K13%

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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