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Side-by-side financial comparison of Solana Co (HSDT) 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 $5.2M, roughly 1.2× Solana Co). On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs 2091.6%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs 54.7%).
Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.
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.
HSDT vs IPM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2M | $6.1M |
| Net Profit | $325.6M | — |
| Gross Margin | 96.6% | 53.1% |
| Operating Margin | -3845.8% | -13.4% |
| Net Margin | 6227.1% | — |
| Revenue YoY | 2725.9% | 2091.6% |
| Net Profit YoY | 8388.0% | — |
| EPS (diluted) | $111.28 | $-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 | $5.2M | $6.1M | ||
| Q3 25 | $697.0K | $6.2M | ||
| Q2 25 | $43.0K | $5.7M | ||
| Q1 25 | $49.0K | $5.5M | ||
| Q4 24 | $185.0K | — | ||
| Q3 24 | $51.0K | — | ||
| Q2 24 | $182.0K | — | ||
| Q1 24 | $135.0K | — |
| Q4 25 | $325.6M | — | ||
| Q3 25 | $-352.8M | $-1.1M | ||
| Q2 25 | $-9.8M | $-1.1M | ||
| Q1 25 | $-3.8M | $808.5K | ||
| Q4 24 | — | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-1.6M | — | ||
| Q1 24 | $-2.5M | — |
| Q4 25 | 96.6% | 53.1% | ||
| Q3 25 | 85.2% | 50.7% | ||
| Q2 25 | — | 50.1% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 35.2% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | -3845.8% | -13.4% | ||
| Q3 25 | -5086.1% | -23.0% | ||
| Q2 25 | -7725.6% | -19.7% | ||
| Q1 25 | -8185.7% | -24.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -7980.4% | — | ||
| Q2 24 | -1796.7% | — | ||
| Q1 24 | -2530.4% | — |
| Q4 25 | 6227.1% | — | ||
| Q3 25 | -50612.3% | -17.4% | ||
| Q2 25 | -22867.4% | -18.3% | ||
| Q1 25 | -7832.7% | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | -7227.5% | — | ||
| Q2 24 | -885.7% | — | ||
| Q1 24 | -1863.7% | — |
| Q4 25 | $111.28 | $-0.05 | ||
| Q3 25 | $-32.89 | $-0.08 | ||
| Q2 25 | $-79.73 | $-0.08 | ||
| Q1 25 | $-0.51 | $0.06 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-744.35 | — | ||
| Q2 24 | $-485.30 | — | ||
| Q1 24 | $-3.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.3M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $300.9M | $18.2M |
| Total Assets | $303.9M | $26.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | $5.6M | ||
| Q3 25 | $124.1M | $7.3M | ||
| Q2 25 | $6.1M | $7.3M | ||
| Q1 25 | $1.1M | $9.7M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.6M | — |
| Q4 25 | $300.9M | $18.2M | ||
| Q3 25 | $-152.4M | $18.8M | ||
| Q2 25 | $6.0M | $19.9M | ||
| Q1 25 | $1.3M | $21.1M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $2.0M | — |
| Q4 25 | $303.9M | $26.0M | ||
| Q3 25 | $475.9M | $27.2M | ||
| Q2 25 | $7.9M | $29.8M | ||
| Q1 25 | $3.5M | $31.1M | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $8.8M | — | ||
| Q1 24 | $5.8M | — |
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 | $-16.5M | $87.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $87.6K | ||
| Q3 25 | $-4.0M | $133.0K | ||
| Q2 25 | $-2.8M | $-888.7K | ||
| Q1 25 | $-3.5M | $1.7M | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-2.9M | — | ||
| Q1 24 | $-3.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-3.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5970.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2226.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | -0.05× | — | ||
| 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
HSDT
Segment breakdown not available.
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
