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

Protalix BioTherapeutics, Inc. is the larger business by last-quarter revenue ($9.1M vs $6.1M, roughly 1.5× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -49.9%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -6.7%).

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.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

IPM vs PLX — Head-to-Head

Bigger by revenue
PLX
PLX
1.5× larger
PLX
$9.1M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2141.5% gap
IPM
2091.6%
-49.9%
PLX
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-6.7%
PLX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPM
IPM
PLX
PLX
Revenue
$6.1M
$9.1M
Net Profit
$-5.5M
Gross Margin
53.1%
49.4%
Operating Margin
-13.4%
-51.1%
Net Margin
-60.3%
Revenue YoY
2091.6%
-49.9%
Net Profit YoY
-184.8%
EPS (diluted)
$-0.05
$-0.06

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
PLX
PLX
Q4 25
$6.1M
$9.1M
Q3 25
$6.2M
$17.9M
Q2 25
$5.7M
$15.7M
Q1 25
$5.5M
$10.1M
Q4 24
$18.2M
Q3 24
$18.0M
Q2 24
$13.5M
Q4 23
$-7.3M
$10.5M
Net Profit
IPM
IPM
PLX
PLX
Q4 25
$-5.5M
Q3 25
$-1.1M
$2.4M
Q2 25
$-1.1M
$164.0K
Q1 25
$808.5K
$-3.6M
Q4 24
$6.5M
Q3 24
$3.2M
Q2 24
$-2.2M
Q4 23
$-6.0M
Gross Margin
IPM
IPM
PLX
PLX
Q4 25
53.1%
49.4%
Q3 25
50.7%
53.4%
Q2 25
50.1%
62.5%
Q1 25
55.3%
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q4 23
15.5%
Operating Margin
IPM
IPM
PLX
PLX
Q4 25
-13.4%
-51.1%
Q3 25
-23.0%
11.9%
Q2 25
-19.7%
7.5%
Q1 25
-24.2%
-41.0%
Q4 24
39.6%
Q3 24
22.2%
Q2 24
-18.0%
Q4 23
-53.5%
Net Margin
IPM
IPM
PLX
PLX
Q4 25
-60.3%
Q3 25
-17.4%
13.2%
Q2 25
-18.3%
1.0%
Q1 25
14.7%
-35.8%
Q4 24
35.6%
Q3 24
18.0%
Q2 24
-16.4%
Q4 23
-57.6%
EPS (diluted)
IPM
IPM
PLX
PLX
Q4 25
$-0.05
$-0.06
Q3 25
$-0.08
$0.03
Q2 25
$-0.08
$0.00
Q1 25
$0.06
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.03
Q4 23
$-0.03
$-0.03

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$5.6M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$48.2M
Total Assets
$26.0M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
PLX
PLX
Q4 25
$5.6M
$14.7M
Q3 25
$7.3M
$13.6M
Q2 25
$7.3M
$17.9M
Q1 25
$9.7M
$19.5M
Q4 24
$19.8M
Q3 24
$27.4M
Q2 24
$23.4M
Q4 23
$13.6M
$23.6M
Stockholders' Equity
IPM
IPM
PLX
PLX
Q4 25
$18.2M
$48.2M
Q3 25
$18.8M
$52.9M
Q2 25
$19.9M
$49.9M
Q1 25
$21.1M
$45.2M
Q4 24
$43.2M
Q3 24
$32.4M
Q2 24
$28.6M
Q4 23
$20.1M
$33.6M
Total Assets
IPM
IPM
PLX
PLX
Q4 25
$26.0M
$82.3M
Q3 25
$27.2M
$82.3M
Q2 25
$29.8M
$78.5M
Q1 25
$31.1M
$73.9M
Q4 24
$73.4M
Q3 24
$61.6M
Q2 24
$91.5M
Q4 23
$23.9M
$84.4M

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
PLX
PLX
Operating Cash FlowLast quarter
$87.6K
$2.0M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPM
IPM
PLX
PLX
Q4 25
$87.6K
$2.0M
Q3 25
$133.0K
$-3.7M
Q2 25
$-888.7K
$-5.2M
Q1 25
$1.7M
$-5.1M
Q4 24
$4.0M
Q3 24
$4.1M
Q2 24
$-3.6M
Q4 23
$-99.0K
$3.6M
Free Cash Flow
IPM
IPM
PLX
PLX
Q4 25
$1.6M
Q3 25
$-4.2M
Q2 25
$-5.7M
Q1 25
$-5.4M
Q4 24
$3.6M
Q3 24
$4.0M
Q2 24
$-3.8M
Q4 23
$3.3M
FCF Margin
IPM
IPM
PLX
PLX
Q4 25
17.8%
Q3 25
-23.7%
Q2 25
-36.2%
Q1 25
-53.0%
Q4 24
19.6%
Q3 24
22.4%
Q2 24
-28.1%
Q4 23
31.9%
Capex Intensity
IPM
IPM
PLX
PLX
Q4 25
4.4%
Q3 25
0.0%
2.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q4 23
2.4%
Cash Conversion
IPM
IPM
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
2.16×
Q4 24
0.61×
Q3 24
1.27×
Q2 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%

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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