vs
Side-by-side financial comparison of Foghorn Therapeutics Inc. (FHTX) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.
Foghorn Therapeutics Inc. is the larger business by last-quarter revenue ($9.2M vs $6.1M, roughly 1.5× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 223.8%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 35.3%).
Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.
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.
FHTX vs IPM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.2M | $6.1M |
| Net Profit | $-21.7M | — |
| Gross Margin | — | 53.1% |
| Operating Margin | -258.2% | -13.4% |
| Net Margin | -234.3% | — |
| Revenue YoY | 223.8% | 2091.6% |
| Net Profit YoY | -11.1% | — |
| EPS (diluted) | $-0.35 | $-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 | $9.2M | $6.1M | ||
| Q3 25 | $8.2M | $6.2M | ||
| Q2 25 | $7.6M | $5.7M | ||
| Q1 25 | $6.0M | $5.5M | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $5.0M | — |
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-15.8M | $-1.1M | ||
| Q2 25 | $-17.9M | $-1.1M | ||
| Q1 25 | $-18.8M | $808.5K | ||
| Q4 24 | $-19.5M | — | ||
| Q3 24 | $-19.1M | — | ||
| Q2 24 | $-23.0M | — | ||
| Q1 24 | $-25.0M | — |
| 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 | -258.2% | -13.4% | ||
| Q3 25 | -226.9% | -23.0% | ||
| Q2 25 | -279.2% | -19.7% | ||
| Q1 25 | -385.0% | -24.2% | ||
| Q4 24 | -840.5% | — | ||
| Q3 24 | -305.5% | — | ||
| Q2 24 | -386.6% | — | ||
| Q1 24 | -558.3% | — |
| Q4 25 | -234.3% | — | ||
| Q3 25 | -194.4% | -17.4% | ||
| Q2 25 | -237.3% | -18.3% | ||
| Q1 25 | -316.4% | 14.7% | ||
| Q4 24 | -682.9% | — | ||
| Q3 24 | -244.9% | — | ||
| Q2 24 | -333.6% | — | ||
| Q1 24 | -495.4% | — |
| Q4 25 | $-0.35 | $-0.05 | ||
| Q3 25 | $-0.25 | $-0.08 | ||
| Q2 25 | $-0.28 | $-0.08 | ||
| Q1 25 | $-0.30 | $0.06 | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.31 | — | ||
| Q2 24 | $-0.45 | — | ||
| Q1 24 | $-0.59 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $80.9M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-108.5M | $18.2M |
| Total Assets | $198.1M | $26.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.9M | $5.6M | ||
| Q3 25 | $89.3M | $7.3M | ||
| Q2 25 | $72.6M | $7.3M | ||
| Q1 25 | $61.0M | $9.7M | ||
| Q4 24 | $55.5M | — | ||
| Q3 24 | $57.7M | — | ||
| Q2 24 | $138.9M | — | ||
| Q1 24 | $79.3M | — |
| Q4 25 | $-108.5M | $18.2M | ||
| Q3 25 | $-89.7M | $18.8M | ||
| Q2 25 | $-76.7M | $19.9M | ||
| Q1 25 | $-61.7M | $21.1M | ||
| Q4 24 | $-45.5M | — | ||
| Q3 24 | $-28.3M | — | ||
| Q2 24 | $-14.3M | — | ||
| Q1 24 | $-97.5M | — |
| Q4 25 | $198.1M | $26.0M | ||
| Q3 25 | $205.0M | $27.2M | ||
| Q2 25 | $226.2M | $29.8M | ||
| Q1 25 | $258.7M | $31.1M | ||
| Q4 24 | $284.0M | — | ||
| Q3 24 | $308.4M | — | ||
| Q2 24 | $328.6M | — | ||
| Q1 24 | $255.0M | — |
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 | $-22.3M | $87.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.3M | $87.6K | ||
| Q3 25 | $-18.9M | $133.0K | ||
| Q2 25 | $-21.0M | $-888.7K | ||
| Q1 25 | $-24.0M | $1.7M | ||
| Q4 24 | $-24.5M | — | ||
| Q3 24 | $-21.0M | — | ||
| Q2 24 | $-25.5M | — | ||
| Q1 24 | $-29.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-21.0M | — | ||
| Q1 25 | $-24.0M | — | ||
| Q4 24 | $-25.0M | — | ||
| Q3 24 | $-21.3M | — | ||
| Q2 24 | $-25.6M | — | ||
| Q1 24 | $-29.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -278.2% | — | ||
| Q1 25 | -403.2% | — | ||
| Q4 24 | -875.3% | — | ||
| Q3 24 | -273.0% | — | ||
| Q2 24 | -371.0% | — | ||
| Q1 24 | -583.1% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 2.0% | — |
| 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
FHTX
Segment breakdown not available.
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
