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Side-by-side financial comparison of CaliberCos Inc. (CWD) 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 $4.1M, roughly 1.5× CaliberCos Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -52.5%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -57.6%).
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
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.
CWD vs IPM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $6.1M |
| Net Profit | $-7.7M | — |
| Gross Margin | — | 53.1% |
| Operating Margin | -196.6% | -13.4% |
| Net Margin | -188.3% | — |
| Revenue YoY | -52.5% | 2091.6% |
| Net Profit YoY | 32.2% | — |
| EPS (diluted) | $1.95 | $-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 | $4.1M | $6.1M | ||
| Q3 25 | $3.6M | $6.2M | ||
| Q2 25 | $5.1M | $5.7M | ||
| Q1 25 | $7.3M | $5.5M | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $11.3M | — | ||
| Q2 24 | $8.2M | — | ||
| Q1 24 | $23.0M | — |
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-4.4M | $-1.1M | ||
| Q2 25 | $-5.3M | $-1.1M | ||
| Q1 25 | $-4.4M | $808.5K | ||
| Q4 24 | $-11.4M | — | ||
| Q3 24 | $146.0K | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | — | 53.1% | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 50.1% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -196.6% | -13.4% | ||
| Q3 25 | -129.6% | -23.0% | ||
| Q2 25 | -112.4% | -19.7% | ||
| Q1 25 | -62.7% | -24.2% | ||
| Q4 24 | -236.8% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | -65.0% | — | ||
| Q1 24 | -22.9% | — |
| Q4 25 | -188.3% | — | ||
| Q3 25 | -120.2% | -17.4% | ||
| Q2 25 | -104.5% | -18.3% | ||
| Q1 25 | -60.7% | 14.7% | ||
| Q4 24 | -247.6% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | -57.8% | — | ||
| Q1 24 | -16.6% | — |
| Q4 25 | $1.95 | $-0.05 | ||
| Q3 25 | $-1.65 | $-0.08 | ||
| Q2 25 | $-4.15 | $-0.08 | ||
| Q1 25 | $-3.85 | $0.06 | ||
| Q4 24 | $-10.15 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $-4.34 | — | ||
| Q1 24 | $-3.53 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $18.2M |
| Total Assets | $135.4M | $26.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $5.6M | ||
| Q3 25 | $10.9M | $7.3M | ||
| Q2 25 | $683.0K | $7.3M | ||
| Q1 25 | $1.6M | $9.7M | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $1.3M | $18.2M | ||
| Q3 25 | $4.2M | $18.8M | ||
| Q2 25 | $-19.9M | $19.9M | ||
| Q1 25 | $-15.8M | $21.1M | ||
| Q4 24 | $-12.6M | — | ||
| Q3 24 | $-3.8M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-745.0K | — |
| Q4 25 | $135.4M | $26.0M | ||
| Q3 25 | $82.6M | $27.2M | ||
| Q2 25 | $59.3M | $29.8M | ||
| Q1 25 | $103.6M | $31.1M | ||
| Q4 24 | $105.5M | — | ||
| Q3 24 | $158.6M | — | ||
| Q2 24 | $195.2M | — | ||
| Q1 24 | $201.5M | — |
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 | $-12.1M | $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.
| Q4 25 | $-12.1M | $87.6K | ||
| Q3 25 | $-4.6M | $133.0K | ||
| Q2 25 | $-1.2M | $-888.7K | ||
| Q1 25 | $-1.7M | $1.7M | ||
| Q4 24 | $555.0K | — | ||
| Q3 24 | $-74.0K | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $-1.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.51× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWD
Segment breakdown not available.
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
