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Side-by-side financial comparison of ETHZilla Corp (ETHZ) 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× ETHZilla Corp).

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.

ETHZ vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.5× larger
IPM
$6.1M
$4.1M
ETHZ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ETHZ
ETHZ
IPM
IPM
Revenue
$4.1M
$6.1M
Net Profit
$-216.7M
Gross Margin
53.1%
Operating Margin
-5364.6%
-13.4%
Net Margin
-5273.3%
Revenue YoY
2091.6%
Net Profit YoY
-25803.8%
EPS (diluted)
$-16.80
$-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
ETHZ
ETHZ
IPM
IPM
Q4 25
$6.1M
Q3 25
$4.1M
$6.2M
Q2 25
$5.7M
Q1 25
$5.5M
Q3 24
$0
Q4 23
$-7.3M
Q3 23
$0
$2.8M
Q2 23
$3.0M
Net Profit
ETHZ
ETHZ
IPM
IPM
Q4 25
Q3 25
$-216.7M
$-1.1M
Q2 25
$-1.1M
Q1 25
$808.5K
Q3 24
$-836.7K
Q4 23
Q3 23
$-10.3M
$-181.6K
Q2 23
$135.6K
Gross Margin
ETHZ
ETHZ
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
ETHZ
ETHZ
IPM
IPM
Q4 25
-13.4%
Q3 25
-5364.6%
-23.0%
Q2 25
-19.7%
Q1 25
-24.2%
Q3 24
Q4 23
Q3 23
-14.1%
Q2 23
-9.4%
Net Margin
ETHZ
ETHZ
IPM
IPM
Q4 25
Q3 25
-5273.3%
-17.4%
Q2 25
-18.3%
Q1 25
14.7%
Q3 24
Q4 23
Q3 23
-6.6%
Q2 23
4.6%
EPS (diluted)
ETHZ
ETHZ
IPM
IPM
Q4 25
$-0.05
Q3 25
$-16.80
$-0.08
Q2 25
$-0.08
Q1 25
$0.06
Q3 24
$-5.43
Q4 23
$-0.03
Q3 23
$-24.53
$-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
ETHZ
ETHZ
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$62.1M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$445.1M
$18.2M
Total Assets
$1.0B
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETHZ
ETHZ
IPM
IPM
Q4 25
$5.6M
Q3 25
$62.1M
$7.3M
Q2 25
$7.3M
Q1 25
$9.7M
Q3 24
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$13.7M
Stockholders' Equity
ETHZ
ETHZ
IPM
IPM
Q4 25
$18.2M
Q3 25
$445.1M
$18.8M
Q2 25
$19.9M
Q1 25
$21.1M
Q3 24
$3.7M
Q4 23
$20.1M
Q3 23
$-149.3K
$20.4M
Q2 23
$20.5M
Total Assets
ETHZ
ETHZ
IPM
IPM
Q4 25
$26.0M
Q3 25
$1.0B
$27.2M
Q2 25
$29.8M
Q1 25
$31.1M
Q3 24
$10.5M
Q4 23
$23.9M
Q3 23
$5.0M
$24.1M
Q2 23
$24.4M

Cash Flow & Capital Efficiency

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

Metric
ETHZ
ETHZ
IPM
IPM
Operating Cash FlowLast quarter
$-16.4M
$87.6K
Free Cash FlowOCF − Capex
$-259.9M
FCF MarginFCF / Revenue
-6323.7%
Capex IntensityCapex / Revenue
5923.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETHZ
ETHZ
IPM
IPM
Q4 25
$87.6K
Q3 25
$-16.4M
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q3 24
$-239.9K
Q4 23
$-99.0K
Q3 23
$-1.8M
$16.1K
Q2 23
$-193.8K
Free Cash Flow
ETHZ
ETHZ
IPM
IPM
Q4 25
Q3 25
$-259.9M
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
FCF Margin
ETHZ
ETHZ
IPM
IPM
Q4 25
Q3 25
-6323.7%
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
Capex Intensity
ETHZ
ETHZ
IPM
IPM
Q4 25
Q3 25
5923.8%
0.0%
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
Cash Conversion
ETHZ
ETHZ
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

ETHZ
ETHZ

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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