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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Mawson Infrastructure Group Inc. (MIGI). 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 $3.2M, roughly 1.9× Mawson Infrastructure Group Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -78.5%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -58.5%).
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.
Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.
IPM vs MIGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $3.2M |
| Net Profit | — | — |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | — |
| Net Margin | — | — |
| Revenue YoY | 2091.6% | -78.5% |
| Net Profit YoY | — | -246.2% |
| 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.
| Q4 25 | $6.1M | $3.2M | ||
| Q3 25 | $6.2M | $13.2M | ||
| Q2 25 | $5.7M | $9.5M | ||
| Q1 25 | $5.5M | $13.8M | ||
| Q4 24 | — | $15.1M | ||
| Q3 24 | — | $12.3M | ||
| Q2 24 | — | $13.1M | ||
| Q1 24 | — | $18.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $327.7K | ||
| Q2 25 | $-1.1M | $-8.0M | ||
| Q1 25 | $808.5K | $-310.9K | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | — | $-12.2M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | $-19.8M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | 65.0% | ||
| Q2 25 | 50.1% | 41.3% | ||
| Q1 25 | 55.3% | 42.9% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 35.1% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 37.2% |
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | 12.0% | ||
| Q2 25 | -19.7% | -68.9% | ||
| Q1 25 | -24.2% | 4.2% | ||
| Q4 24 | — | -35.2% | ||
| Q3 24 | — | -92.6% | ||
| Q2 24 | — | -51.5% | ||
| Q1 24 | — | -41.0% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | 2.5% | ||
| Q2 25 | -18.3% | -84.1% | ||
| Q1 25 | 14.7% | -2.3% | ||
| Q4 24 | — | -30.0% | ||
| Q3 24 | — | -99.3% | ||
| Q2 24 | — | -73.4% | ||
| Q1 24 | — | -105.3% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | $0.01 | ||
| Q2 25 | $-0.08 | $-0.40 | ||
| Q1 25 | $0.06 | $-0.02 | ||
| Q4 24 | — | $-49.35 | ||
| Q3 24 | — | $-0.66 | ||
| Q2 24 | — | $-0.55 | ||
| Q1 24 | — | $-1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.6M | $13.3M |
| Total DebtLower is stronger | — | $25.2M |
| Stockholders' EquityBook value | $18.2M | $-3.1M |
| Total Assets | $26.0M | $57.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $13.3M | ||
| Q3 25 | $7.3M | $2.3M | ||
| Q2 25 | $7.3M | $3.2M | ||
| Q1 25 | $9.7M | $5.5M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | — | $5.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $6.4M |
| Q4 25 | — | $25.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $20.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $393.2K | ||
| Q1 24 | — | $41.5K |
| Q4 25 | $18.2M | $-3.1M | ||
| Q3 25 | $18.8M | $-9.4M | ||
| Q2 25 | $19.9M | $-8.3M | ||
| Q1 25 | $21.1M | $-1.4M | ||
| Q4 24 | — | $-3.2M | ||
| Q3 24 | — | $-1.6M | ||
| Q2 24 | — | $4.4M | ||
| Q1 24 | — | $13.0M |
| Q4 25 | $26.0M | $57.4M | ||
| Q3 25 | $27.2M | $52.0M | ||
| Q2 25 | $29.8M | $52.7M | ||
| Q1 25 | $31.1M | $57.9M | ||
| Q4 24 | — | $61.4M | ||
| Q3 24 | — | $60.8M | ||
| Q2 24 | — | $65.6M | ||
| Q1 24 | — | $67.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.00× |
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 | $87.6K | $-6.9M |
| Free Cash FlowOCF − Capex | — | $-7.0M |
| FCF MarginFCF / Revenue | — | -218.1% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-6.9M | ||
| Q3 25 | $133.0K | $-844.5K | ||
| Q2 25 | $-888.7K | $-2.1M | ||
| Q1 25 | $1.7M | $-510.4K | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $-1.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | — | $-859.7K | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | — | $-516.9K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | — | $592.4K | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | -218.1% | ||
| Q3 25 | — | -6.5% | ||
| Q2 25 | — | -22.3% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 9.9% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.58× | ||
| 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
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
MIGI
Segment breakdown not available.
