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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and MacKenzie Realty Capital, Inc. (MKZR). 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 $4.6M, roughly 1.3× MacKenzie Realty Capital, Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -42.8%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 6.1%).

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.

MacKenzie Realty Capital, Inc. is a U.S.-based real estate investment firm focused on acquiring, owning, and managing a diversified portfolio of income-generating commercial and residential real estate assets. It targets properties in high-growth regional markets across the U.S. to deliver consistent long-term returns to its investors.

IPM vs MKZR — Head-to-Head

Bigger by revenue
IPM
IPM
1.3× larger
IPM
$6.1M
$4.6M
MKZR
Growing faster (revenue YoY)
IPM
IPM
+2134.4% gap
IPM
2091.6%
-42.8%
MKZR
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
6.1%
MKZR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IPM
IPM
MKZR
MKZR
Revenue
$6.1M
$4.6M
Net Profit
$-4.5M
Gross Margin
53.1%
Operating Margin
-13.4%
-102.5%
Net Margin
-97.4%
Revenue YoY
2091.6%
-42.8%
Net Profit YoY
-0.4%
EPS (diluted)
$-0.05
$-2.97

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
MKZR
MKZR
Q4 25
$6.1M
$4.6M
Q3 25
$6.2M
$4.5M
Q2 25
$5.7M
$4.8M
Q1 25
$5.5M
$4.3M
Q4 24
$8.0M
Q3 24
$5.0M
Q2 24
$4.5M
Q1 24
$4.1M
Net Profit
IPM
IPM
MKZR
MKZR
Q4 25
$-4.5M
Q3 25
$-1.1M
$-3.0M
Q2 25
$-1.1M
$-6.0M
Q1 25
$808.5K
$-6.1M
Q4 24
$-4.5M
Q3 24
$-7.4M
Q2 24
$-2.5M
Q1 24
$-2.9M
Gross Margin
IPM
IPM
MKZR
MKZR
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
MKZR
MKZR
Q4 25
-13.4%
-102.5%
Q3 25
-23.0%
-76.8%
Q2 25
-19.7%
-117.3%
Q1 25
-24.2%
-136.4%
Q4 24
-56.7%
Q3 24
-150.3%
Q2 24
-58.1%
Q1 24
-65.6%
Net Margin
IPM
IPM
MKZR
MKZR
Q4 25
-97.4%
Q3 25
-17.4%
-67.1%
Q2 25
-18.3%
-125.1%
Q1 25
14.7%
-142.6%
Q4 24
-55.5%
Q3 24
-149.6%
Q2 24
-55.6%
Q1 24
-72.3%
EPS (diluted)
IPM
IPM
MKZR
MKZR
Q4 25
$-0.05
$-2.97
Q3 25
$-0.08
$-2.20
Q2 25
$-0.08
$-8.16
Q1 25
$0.06
$-0.47
Q4 24
$-3.93
Q3 24
$-6.10
Q2 24
$-9.20
Q1 24
$-0.26

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
MKZR
MKZR
Cash + ST InvestmentsLiquidity on hand
$5.6M
$4.3M
Total DebtLower is stronger
$145.6M
Stockholders' EquityBook value
$18.2M
$51.8M
Total Assets
$26.0M
$238.1M
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
MKZR
MKZR
Q4 25
$5.6M
$4.3M
Q3 25
$7.3M
$4.9M
Q2 25
$7.3M
$3.6M
Q1 25
$9.7M
$5.1M
Q4 24
$6.5M
Q3 24
$10.7M
Q2 24
$11.9M
Q1 24
$15.5M
Total Debt
IPM
IPM
MKZR
MKZR
Q4 25
$145.6M
Q3 25
$142.7M
Q2 25
$135.3M
Q1 25
Q4 24
$14.7M
Q3 24
Q2 24
$117.3M
Q1 24
Stockholders' Equity
IPM
IPM
MKZR
MKZR
Q4 25
$18.2M
$51.8M
Q3 25
$18.8M
$56.7M
Q2 25
$19.9M
$59.9M
Q1 25
$21.1M
$66.7M
Q4 24
$68.3M
Q3 24
$73.4M
Q2 24
$82.4M
Q1 24
$86.3M
Total Assets
IPM
IPM
MKZR
MKZR
Q4 25
$26.0M
$238.1M
Q3 25
$27.2M
$241.7M
Q2 25
$29.8M
$236.0M
Q1 25
$31.1M
$237.1M
Q4 24
$236.4M
Q3 24
$243.5M
Q2 24
$233.1M
Q1 24
$226.1M
Debt / Equity
IPM
IPM
MKZR
MKZR
Q4 25
2.81×
Q3 25
2.52×
Q2 25
2.26×
Q1 25
Q4 24
0.22×
Q3 24
Q2 24
1.42×
Q1 24

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
MKZR
MKZR
Operating Cash FlowLast quarter
$87.6K
$-1.6M
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
MKZR
MKZR
Q4 25
$87.6K
$-1.6M
Q3 25
$133.0K
$-2.0M
Q2 25
$-888.7K
$-1.7M
Q1 25
$1.7M
$-2.6M
Q4 24
$1.9M
Q3 24
$644.4K
Q2 24
$-595.5K
Q1 24
$743.3K
Capex Intensity
IPM
IPM
MKZR
MKZR
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
IPM
IPM
MKZR
MKZR
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%

MKZR
MKZR

Segment breakdown not available.

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