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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $6.1M, roughly 2.0× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -36.8%).

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.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

IPM vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
2.0× larger
IPW
$12.0M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2128.4% gap
IPM
2091.6%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IPM
IPM
IPW
IPW
Revenue
$6.1M
$12.0M
Net Profit
Gross Margin
53.1%
40.0%
Operating Margin
-13.4%
-14.1%
Net Margin
Revenue YoY
2091.6%
-36.8%
Net Profit YoY
EPS (diluted)
$-0.05
$-0.51

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
IPM
IPM
IPW
IPW
Q4 25
$6.1M
Q3 25
$6.2M
$12.0M
Q2 25
$5.7M
Q1 25
$5.5M
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$3.0M
Q1 23
$2.6M
Net Profit
IPM
IPM
IPW
IPW
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.1M
Q1 25
$808.5K
Q4 23
Q3 23
$-181.6K
Q2 23
$135.6K
Q1 23
$-738.3K
Gross Margin
IPM
IPM
IPW
IPW
Q4 25
53.1%
Q3 25
50.7%
40.0%
Q2 25
50.1%
Q1 25
55.3%
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Q1 23
68.7%
Operating Margin
IPM
IPM
IPW
IPW
Q4 25
-13.4%
Q3 25
-23.0%
-14.1%
Q2 25
-19.7%
Q1 25
-24.2%
Q4 23
Q3 23
-14.1%
Q2 23
-9.4%
Q1 23
-35.5%
Net Margin
IPM
IPM
IPW
IPW
Q4 25
Q3 25
-17.4%
Q2 25
-18.3%
Q1 25
14.7%
Q4 23
Q3 23
-6.6%
Q2 23
4.6%
Q1 23
-28.8%
EPS (diluted)
IPM
IPM
IPW
IPW
Q4 25
$-0.05
Q3 25
$-0.08
$-0.51
Q2 25
$-0.08
Q1 25
$0.06
Q4 23
$-0.03
Q3 23
$-0.02
Q2 23
$0.01
Q1 23
$-0.08

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$5.6M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$17.9M
Total Assets
$26.0M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
IPW
IPW
Q4 25
$5.6M
Q3 25
$7.3M
$904.0K
Q2 25
$7.3M
Q1 25
$9.7M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$13.7M
Q1 23
$13.9M
Stockholders' Equity
IPM
IPM
IPW
IPW
Q4 25
$18.2M
Q3 25
$18.8M
$17.9M
Q2 25
$19.9M
Q1 25
$21.1M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$20.5M
Q1 23
$20.3M
Total Assets
IPM
IPM
IPW
IPW
Q4 25
$26.0M
Q3 25
$27.2M
$28.6M
Q2 25
$29.8M
Q1 25
$31.1M
Q4 23
$23.9M
Q3 23
$24.1M
Q2 23
$24.4M
Q1 23
$24.3M

Cash Flow & Capital Efficiency

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

Metric
IPM
IPM
IPW
IPW
Operating Cash FlowLast quarter
$87.6K
$1.7M
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
IPM
IPM
IPW
IPW
Q4 25
$87.6K
Q3 25
$133.0K
$1.7M
Q2 25
$-888.7K
Q1 25
$1.7M
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Q1 23
$-803.0K
Capex Intensity
IPM
IPM
IPW
IPW
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
Cash Conversion
IPM
IPM
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 23
Q3 23
Q2 23
-1.43×
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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