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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Opus Genetics, Inc. (IRD). 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 $3.9M, roughly 1.6× Opus Genetics, Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -10.2%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 50.3%).

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.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

IPM vs IRD — Head-to-Head

Bigger by revenue
IPM
IPM
1.6× larger
IPM
$6.1M
$3.9M
IRD
Growing faster (revenue YoY)
IPM
IPM
+2101.7% gap
IPM
2091.6%
-10.2%
IRD
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
50.3%
IRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPM
IPM
IRD
IRD
Revenue
$6.1M
$3.9M
Net Profit
Gross Margin
53.1%
Operating Margin
-13.4%
Net Margin
Revenue YoY
2091.6%
-10.2%
Net Profit YoY
53.0%
EPS (diluted)
$-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
IPM
IPM
IRD
IRD
Q4 25
$6.1M
$3.9M
Q3 25
$6.2M
$3.1M
Q2 25
$5.7M
$2.9M
Q1 25
$5.5M
$4.4M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$1.1M
Q1 24
$1.7M
Net Profit
IPM
IPM
IRD
IRD
Q4 25
Q3 25
$-1.1M
$-17.5M
Q2 25
$-1.1M
$-7.4M
Q1 25
$808.5K
$-8.2M
Q4 24
Q3 24
$-7.5M
Q2 24
$-7.8M
Q1 24
$-7.1M
Gross Margin
IPM
IPM
IRD
IRD
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
IPM
IPM
IRD
IRD
Q4 25
-13.4%
Q3 25
-23.0%
-269.9%
Q2 25
-19.7%
-309.0%
Q1 25
-24.2%
-227.2%
Q4 24
Q3 24
-207.1%
Q2 24
-748.9%
Q1 24
-450.5%
Net Margin
IPM
IPM
IRD
IRD
Q4 25
Q3 25
-17.4%
-566.9%
Q2 25
-18.3%
-257.5%
Q1 25
14.7%
-187.5%
Q4 24
Q3 24
-194.6%
Q2 24
-698.3%
Q1 24
-415.3%
EPS (diluted)
IPM
IPM
IRD
IRD
Q4 25
$-0.05
Q3 25
$-0.08
$-0.25
Q2 25
$-0.08
$-0.12
Q1 25
$0.06
$-0.24
Q4 24
Q3 24
$-0.29
Q2 24
$-0.30
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$5.6M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$15.3M
Total Assets
$26.0M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
IRD
IRD
Q4 25
$5.6M
$45.1M
Q3 25
$7.3M
$30.8M
Q2 25
$7.3M
$32.4M
Q1 25
$9.7M
$41.8M
Q4 24
$30.3M
Q3 24
$36.6M
Q2 24
$41.4M
Q1 24
$47.2M
Stockholders' Equity
IPM
IPM
IRD
IRD
Q4 25
$18.2M
$15.3M
Q3 25
$18.8M
$6.0M
Q2 25
$19.9M
$17.5M
Q1 25
$21.1M
$5.1M
Q4 24
$6.7M
Q3 24
$34.3M
Q2 24
$40.6M
Q1 24
$46.1M
Total Assets
IPM
IPM
IRD
IRD
Q4 25
$26.0M
$50.2M
Q3 25
$27.2M
$36.1M
Q2 25
$29.8M
$38.7M
Q1 25
$31.1M
$48.2M
Q4 24
$36.9M
Q3 24
$40.4M
Q2 24
$44.8M
Q1 24
$51.8M

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
IRD
IRD
Operating Cash FlowLast quarter
$87.6K
$-35.3M
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
IRD
IRD
Q4 25
$87.6K
$-35.3M
Q3 25
$133.0K
$-6.2M
Q2 25
$-888.7K
$-10.3M
Q1 25
$1.7M
$-9.0M
Q4 24
$-25.6M
Q3 24
$-5.1M
Q2 24
$-7.3M
Q1 24
$-5.7M
Capex Intensity
IPM
IPM
IRD
IRD
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
IPM
IPM
IRD
IRD
Q4 25
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

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

IRD
IRD

Segment breakdown not available.

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