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

Kymera Therapeutics, 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 -55.3%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 10.1%).

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.

Kymera Therapeutics is a clinical-stage biopharmaceutical company specialized in developing innovative targeted protein degradation therapies. It advances a diversified pipeline of drug candidates targeting previously undruggable proteins to address unmet medical needs in oncology, autoimmune and inflammatory diseases worldwide.

IPM vs KYMR — Head-to-Head

Bigger by revenue
KYMR
KYMR
1.9× larger
KYMR
$11.5M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2146.9% gap
IPM
2091.6%
-55.3%
KYMR
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
10.1%
KYMR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IPM
IPM
KYMR
KYMR
Revenue
$6.1M
$11.5M
Net Profit
$-76.6M
Gross Margin
53.1%
Operating Margin
-13.4%
-736.8%
Net Margin
-667.6%
Revenue YoY
2091.6%
-55.3%
Net Profit YoY
-82.1%
EPS (diluted)
$-0.05
$-0.95

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
KYMR
KYMR
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$5.7M
$11.5M
Q1 25
$5.5M
$22.1M
Q4 24
$7.4M
Q2 24
$25.6M
Q1 24
$10.3M
Q4 23
$-7.3M
$47.9M
Net Profit
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.1M
$-76.6M
Q1 25
$808.5K
$-65.6M
Q4 24
$-70.8M
Q2 24
$-42.1M
Q1 24
$-48.6M
Q4 23
$-14.4M
Gross Margin
IPM
IPM
KYMR
KYMR
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 24
Q2 24
Q1 24
Q4 23
Operating Margin
IPM
IPM
KYMR
KYMR
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
-19.7%
-736.8%
Q1 25
-24.2%
-336.8%
Q4 24
-1092.2%
Q2 24
-198.5%
Q1 24
-562.2%
Q4 23
-40.3%
Net Margin
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
-17.4%
Q2 25
-18.3%
-667.6%
Q1 25
14.7%
-296.7%
Q4 24
-956.9%
Q2 24
-164.0%
Q1 24
-472.0%
Q4 23
-30.0%
EPS (diluted)
IPM
IPM
KYMR
KYMR
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.08
$-0.95
Q1 25
$0.06
$-0.82
Q4 24
$-0.89
Q2 24
$-0.58
Q1 24
$-0.69
Q4 23
$-0.03
$-0.25

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
KYMR
KYMR
Cash + ST InvestmentsLiquidity on hand
$5.6M
$335.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$971.5M
Total Assets
$26.0M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
KYMR
KYMR
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$7.3M
$335.8M
Q1 25
$9.7M
$90.0M
Q4 24
$120.3M
Q2 24
$67.6M
Q1 24
$93.5M
Q4 23
$13.6M
$110.0M
Stockholders' Equity
IPM
IPM
KYMR
KYMR
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$19.9M
$971.5M
Q1 25
$21.1M
$786.2M
Q4 24
$835.6M
Q2 24
$684.9M
Q1 24
$711.2M
Q4 23
$20.1M
$395.0M
Total Assets
IPM
IPM
KYMR
KYMR
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$29.8M
$1.1B
Q1 25
$31.1M
$918.3M
Q4 24
$978.0M
Q2 24
$826.0M
Q1 24
$868.3M
Q4 23
$23.9M
$575.8M

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
KYMR
KYMR
Operating Cash FlowLast quarter
$87.6K
$-59.9M
Free Cash FlowOCF − Capex
$-60.6M
FCF MarginFCF / Revenue
-527.9%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-250.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPM
IPM
KYMR
KYMR
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
$-59.9M
Q1 25
$1.7M
$-79.2M
Q4 24
$-61.8M
Q2 24
$-42.9M
Q1 24
$-39.6M
Q4 23
$-99.0K
$8.0M
Free Cash Flow
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
Q2 25
$-60.6M
Q1 25
$-79.6M
Q4 24
$-62.7M
Q2 24
$-47.6M
Q1 24
$-47.0M
Q4 23
$-3.6M
FCF Margin
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
Q2 25
-527.9%
Q1 25
-360.3%
Q4 24
-848.3%
Q2 24
-185.7%
Q1 24
-456.8%
Q4 23
-7.5%
Capex Intensity
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
0.0%
Q2 25
6.1%
Q1 25
2.1%
Q4 24
12.7%
Q2 24
18.3%
Q1 24
72.0%
Q4 23
24.3%
Cash Conversion
IPM
IPM
KYMR
KYMR
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q2 24
Q1 24
Q4 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%

KYMR
KYMR

Segment breakdown not available.

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