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Side-by-side financial comparison of GLOBUS MARITIME LTD (GLBS) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

GLOBUS MARITIME LTD is the larger business by last-quarter revenue ($9.5M vs $6.1M, roughly 1.6× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 0.2%).

Globus Maritime Ltd is a global shipping enterprise specializing in ownership, operation and chartering of dry bulk cargo vessels. It transports iron ore, coal, grain and other industrial raw materials across major global trade routes, serving clients in logistics, commodities trading and manufacturing sectors worldwide.

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.

GLBS vs IPM — Head-to-Head

Bigger by revenue
GLBS
GLBS
1.6× larger
GLBS
$9.5M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2091.4% gap
IPM
2091.6%
0.2%
GLBS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GLBS
GLBS
IPM
IPM
Revenue
$9.5M
$6.1M
Net Profit
$-1.9M
Gross Margin
53.1%
Operating Margin
-4.3%
-13.4%
Net Margin
-19.6%
Revenue YoY
0.2%
2091.6%
Net Profit YoY
-157.0%
EPS (diluted)
$-0.09
$-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
GLBS
GLBS
IPM
IPM
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$9.5M
$5.7M
Q1 25
$5.5M
Q2 24
$9.5M
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$7.8M
$3.0M
Net Profit
GLBS
GLBS
IPM
IPM
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.9M
$-1.1M
Q1 25
$808.5K
Q2 24
$3.3M
Q4 23
Q3 23
$-181.6K
Q2 23
$-1.2M
$135.6K
Gross Margin
GLBS
GLBS
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q2 24
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Operating Margin
GLBS
GLBS
IPM
IPM
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
-4.3%
-19.7%
Q1 25
-24.2%
Q2 24
39.2%
Q4 23
Q3 23
-14.1%
Q2 23
-17.2%
-9.4%
Net Margin
GLBS
GLBS
IPM
IPM
Q4 25
Q3 25
-17.4%
Q2 25
-19.6%
-18.3%
Q1 25
14.7%
Q2 24
34.5%
Q4 23
Q3 23
-6.6%
Q2 23
-14.8%
4.6%
EPS (diluted)
GLBS
GLBS
IPM
IPM
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.09
$-0.08
Q1 25
$0.06
Q2 24
$0.16
Q4 23
$-0.03
Q3 23
$-0.02
Q2 23
$-0.06
$0.01

Balance Sheet & Financial Strength

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

Metric
GLBS
GLBS
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$48.3M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$173.1M
$18.2M
Total Assets
$309.4M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLBS
GLBS
IPM
IPM
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$48.3M
$7.3M
Q1 25
$9.7M
Q2 24
$70.8M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$53.2M
$13.7M
Stockholders' Equity
GLBS
GLBS
IPM
IPM
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$173.1M
$19.9M
Q1 25
$21.1M
Q2 24
$178.9M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$172.1M
$20.5M
Total Assets
GLBS
GLBS
IPM
IPM
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$309.4M
$29.8M
Q1 25
$31.1M
Q2 24
$256.3M
Q4 23
$23.9M
Q3 23
$24.1M
Q2 23
$217.3M
$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
GLBS
GLBS
IPM
IPM
Operating Cash FlowLast quarter
$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
GLBS
GLBS
IPM
IPM
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q2 24
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Capex Intensity
GLBS
GLBS
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q2 24
Q4 23
Q3 23
Q2 23
Cash Conversion
GLBS
GLBS
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q2 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

GLBS
GLBS

Other$4.8M51%
Property Plant And Equipment Subject To Operating Leases$4.7M49%

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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