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Side-by-side financial comparison of Identiv, Inc. (INVE) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

Identiv, Inc. is the larger business by last-quarter revenue ($6.2M vs $6.1M, roughly 1.0× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -7.9%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -3.8%).

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

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.

INVE vs IPM — Head-to-Head

Bigger by revenue
INVE
INVE
1.0× larger
INVE
$6.2M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2099.5% gap
IPM
2091.6%
-7.9%
INVE
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-3.8%
INVE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INVE
INVE
IPM
IPM
Revenue
$6.2M
$6.1M
Net Profit
$-3.7M
Gross Margin
18.1%
53.1%
Operating Margin
-76.4%
-13.4%
Net Margin
-60.3%
Revenue YoY
-7.9%
2091.6%
Net Profit YoY
-948.2%
EPS (diluted)
$-0.17
$-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
INVE
INVE
IPM
IPM
Q4 25
$6.2M
$6.1M
Q3 25
$5.0M
$6.2M
Q2 25
$5.0M
$5.7M
Q1 25
$5.3M
$5.5M
Q4 24
$6.7M
Q3 24
$6.5M
Q2 24
$6.7M
Q1 24
$6.7M
Net Profit
INVE
INVE
IPM
IPM
Q4 25
$-3.7M
Q3 25
$-3.5M
$-1.1M
Q2 25
$-6.0M
$-1.1M
Q1 25
$-4.8M
$808.5K
Q4 24
$-355.0K
Q3 24
$85.9M
Q2 24
$-6.2M
Q1 24
$-4.6M
Gross Margin
INVE
INVE
IPM
IPM
Q4 25
18.1%
53.1%
Q3 25
10.7%
50.7%
Q2 25
-9.4%
50.1%
Q1 25
2.5%
55.3%
Q4 24
-14.9%
Q3 24
3.6%
Q2 24
9.1%
Q1 24
7.3%
Operating Margin
INVE
INVE
IPM
IPM
Q4 25
-76.4%
-13.4%
Q3 25
-111.4%
-23.0%
Q2 25
-126.7%
-19.7%
Q1 25
-103.8%
-24.2%
Q4 24
-98.9%
Q3 24
-146.2%
Q2 24
-99.7%
Q1 24
-76.0%
Net Margin
INVE
INVE
IPM
IPM
Q4 25
-60.3%
Q3 25
-68.9%
-17.4%
Q2 25
-119.9%
-18.3%
Q1 25
-90.9%
14.7%
Q4 24
-5.3%
Q3 24
1315.8%
Q2 24
-92.2%
Q1 24
-68.5%
EPS (diluted)
INVE
INVE
IPM
IPM
Q4 25
$-0.17
$-0.05
Q3 25
$-0.15
$-0.08
Q2 25
$-0.26
$-0.08
Q1 25
$-0.21
$0.06
Q4 24
$0.00
Q3 24
$3.62
Q2 24
$-0.27
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
INVE
INVE
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$128.6M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.7M
$18.2M
Total Assets
$151.3M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVE
INVE
IPM
IPM
Q4 25
$128.6M
$5.6M
Q3 25
$126.3M
$7.3M
Q2 25
$129.3M
$7.3M
Q1 25
$132.4M
$9.7M
Q4 24
$135.6M
Q3 24
$145.4M
Q2 24
$18.4M
Q1 24
$21.6M
Stockholders' Equity
INVE
INVE
IPM
IPM
Q4 25
$140.7M
$18.2M
Q3 25
$143.7M
$18.8M
Q2 25
$146.4M
$19.9M
Q1 25
$150.5M
$21.1M
Q4 24
$154.1M
Q3 24
$156.7M
Q2 24
$65.1M
Q1 24
$70.2M
Total Assets
INVE
INVE
IPM
IPM
Q4 25
$151.3M
$26.0M
Q3 25
$151.0M
$27.2M
Q2 25
$153.9M
$29.8M
Q1 25
$158.7M
$31.1M
Q4 24
$163.2M
Q3 24
$177.0M
Q2 24
$97.8M
Q1 24
$101.8M

Cash Flow & Capital Efficiency

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

Metric
INVE
INVE
IPM
IPM
Operating Cash FlowLast quarter
$3.0M
$87.6K
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
45.8%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVE
INVE
IPM
IPM
Q4 25
$3.0M
$87.6K
Q3 25
$-2.9M
$133.0K
Q2 25
$-3.6M
$-888.7K
Q1 25
$-3.3M
$1.7M
Q4 24
$-5.9M
Q3 24
$-7.2M
Q2 24
$-993.0K
Q1 24
$-1.3M
Free Cash Flow
INVE
INVE
IPM
IPM
Q4 25
$2.8M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-3.6M
Q4 24
$-6.5M
Q3 24
$-7.7M
Q2 24
$-1.1M
Q1 24
$-1.5M
FCF Margin
INVE
INVE
IPM
IPM
Q4 25
45.8%
Q3 25
-64.5%
Q2 25
-75.8%
Q1 25
-68.0%
Q4 24
-97.7%
Q3 24
-118.2%
Q2 24
-16.7%
Q1 24
-23.0%
Capex Intensity
INVE
INVE
IPM
IPM
Q4 25
3.3%
Q3 25
7.0%
0.0%
Q2 25
5.0%
Q1 25
5.7%
Q4 24
9.3%
Q3 24
7.7%
Q2 24
2.0%
Q1 24
3.5%
Cash Conversion
INVE
INVE
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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