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Side-by-side financial comparison of Greenidge Generation Holdings Inc. (GREE) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

Greenidge Generation Holdings Inc. is the larger business by last-quarter revenue ($11.5M vs $6.1M, roughly 1.9× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -22.6%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -23.0%).

Greenidge Generation Holdings Inc. is a U.S.-based firm operating integrated cryptocurrency mining facilities and low-carbon power generation assets, including natural gas and renewable energy projects. It aligns digital asset mining with efficient energy use, primarily serving North American digital asset and energy market segments.

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.

GREE vs IPM — Head-to-Head

Bigger by revenue
GREE
GREE
1.9× larger
GREE
$11.5M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2114.2% gap
IPM
2091.6%
-22.6%
GREE
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-23.0%
GREE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GREE
GREE
IPM
IPM
Revenue
$11.5M
$6.1M
Net Profit
$3.0M
Gross Margin
53.1%
Operating Margin
14.7%
-13.4%
Net Margin
26.3%
Revenue YoY
-22.6%
2091.6%
Net Profit YoY
177.1%
EPS (diluted)
$0.26
$-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
GREE
GREE
IPM
IPM
Q4 25
$11.5M
$6.1M
Q3 25
$15.2M
$6.2M
Q2 25
$12.9M
$5.7M
Q1 25
$19.2M
$5.5M
Q4 24
$14.8M
Q3 24
$12.4M
Q2 24
$13.1M
Q1 24
$19.3M
Net Profit
GREE
GREE
IPM
IPM
Q4 25
$3.0M
Q3 25
$12.0M
$-1.1M
Q2 25
$-4.1M
$-1.1M
Q1 25
$-5.6M
$808.5K
Q4 24
$-3.9M
Q3 24
$-6.4M
Q2 24
$-5.6M
Q1 24
$-3.9M
Gross Margin
GREE
GREE
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
GREE
GREE
IPM
IPM
Q4 25
14.7%
-13.4%
Q3 25
2.0%
-23.0%
Q2 25
-26.4%
-19.7%
Q1 25
-12.4%
-24.2%
Q4 24
-8.9%
Q3 24
-37.7%
Q2 24
-28.8%
Q1 24
-8.9%
Net Margin
GREE
GREE
IPM
IPM
Q4 25
26.3%
Q3 25
78.6%
-17.4%
Q2 25
-32.0%
-18.3%
Q1 25
-28.9%
14.7%
Q4 24
-26.4%
Q3 24
-51.6%
Q2 24
-42.6%
Q1 24
-20.4%
EPS (diluted)
GREE
GREE
IPM
IPM
Q4 25
$0.26
$-0.05
Q3 25
$0.75
$-0.08
Q2 25
$-0.27
$-0.08
Q1 25
$-0.40
$0.06
Q4 24
$-0.30
Q3 24
$-0.60
Q2 24
$-0.56
Q1 24
$-0.42

Balance Sheet & Financial Strength

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

Metric
GREE
GREE
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$19.6M
$5.6M
Total DebtLower is stronger
$43.1M
Stockholders' EquityBook value
$-46.3M
$18.2M
Total Assets
$53.6M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GREE
GREE
IPM
IPM
Q4 25
$19.6M
$5.6M
Q3 25
$7.6M
$7.3M
Q2 25
$3.4M
$7.3M
Q1 25
$4.9M
$9.7M
Q4 24
$8.6M
Q3 24
$7.6M
Q2 24
$10.3M
Q1 24
$14.3M
Total Debt
GREE
GREE
IPM
IPM
Q4 25
$43.1M
Q3 25
$45.8M
Q2 25
$63.3M
Q1 25
$67.2M
Q4 24
$68.1M
Q3 24
$69.5M
Q2 24
$69.2M
Q1 24
$69.0M
Stockholders' Equity
GREE
GREE
IPM
IPM
Q4 25
$-46.3M
$18.2M
Q3 25
$-49.4M
$18.8M
Q2 25
$-61.2M
$19.9M
Q1 25
$-58.2M
$21.1M
Q4 24
$-55.8M
Q3 24
$-58.0M
Q2 24
$-52.1M
Q1 24
$-46.8M
Total Assets
GREE
GREE
IPM
IPM
Q4 25
$53.6M
$26.0M
Q3 25
$50.6M
$27.2M
Q2 25
$52.8M
$29.8M
Q1 25
$56.7M
$31.1M
Q4 24
$64.9M
Q3 24
$59.9M
Q2 24
$62.9M
Q1 24
$74.6M

Cash Flow & Capital Efficiency

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

Metric
GREE
GREE
IPM
IPM
Operating Cash FlowLast quarter
$-15.0M
$87.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-4.98×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GREE
GREE
IPM
IPM
Q4 25
$-15.0M
$87.6K
Q3 25
$120.0K
$133.0K
Q2 25
$-4.8M
$-888.7K
Q1 25
$-5.7M
$1.7M
Q4 24
$-12.0M
Q3 24
$-1.9M
Q2 24
$-1.4M
Q1 24
$-5.1M
Capex Intensity
GREE
GREE
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
GREE
GREE
IPM
IPM
Q4 25
-4.98×
Q3 25
0.01×
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

GREE
GREE

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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