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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Satellogic Inc. (SATL). Click either name above to swap in a different company.
Satellogic Inc. is the larger business by last-quarter revenue ($6.2M vs $6.1M, roughly 1.0× INTELLIGENT PROTECTION MANAGEMENT CORP.).
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.
Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.
IPM vs SATL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $6.2M |
| Net Profit | — | $30.5M |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | -114.2% |
| Net Margin | — | 488.0% |
| Revenue YoY | 2091.6% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $0.24 |
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 | $6.2M | ||
| Q3 25 | $6.2M | $3.6M | ||
| Q2 25 | $5.7M | $4.4M | ||
| Q1 25 | $5.5M | $3.4M | ||
| Q2 24 | — | $3.5M | ||
| Q4 23 | $-7.3M | — | ||
| Q3 23 | $2.8M | — | ||
| Q2 23 | $3.0M | — |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $-1.1M | $4.0M | ||
| Q2 25 | $-1.1M | $-6.7M | ||
| Q1 25 | $808.5K | $-32.6M | ||
| Q2 24 | — | $-18.1M | ||
| Q4 23 | — | — | ||
| Q3 23 | $-181.6K | — | ||
| Q2 23 | $135.6K | — |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 55.3% | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | 70.1% | — | ||
| Q2 23 | 73.8% | — |
| Q4 25 | -13.4% | -114.2% | ||
| Q3 25 | -23.0% | -222.5% | ||
| Q2 25 | -19.7% | -141.6% | ||
| Q1 25 | -24.2% | -280.9% | ||
| Q2 24 | — | -419.2% | ||
| Q4 23 | — | — | ||
| Q3 23 | -14.1% | — | ||
| Q2 23 | -9.4% | — |
| Q4 25 | — | 488.0% | ||
| Q3 25 | -17.4% | 109.2% | ||
| Q2 25 | -18.3% | -149.8% | ||
| Q1 25 | 14.7% | -961.9% | ||
| Q2 24 | — | -517.0% | ||
| Q4 23 | — | — | ||
| Q3 23 | -6.6% | — | ||
| Q2 23 | 4.6% | — |
| Q4 25 | $-0.05 | $0.24 | ||
| Q3 25 | $-0.08 | $-0.02 | ||
| Q2 25 | $-0.08 | $-0.06 | ||
| Q1 25 | $0.06 | $-0.34 | ||
| Q2 24 | — | $-0.20 | ||
| Q4 23 | $-0.03 | — | ||
| Q3 23 | $-0.02 | — | ||
| Q2 23 | $0.01 | — |
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 | $94.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $60.5M |
| Total Assets | $26.0M | $151.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $94.4M | ||
| Q3 25 | $7.3M | $28.3M | ||
| Q2 25 | $7.3M | $32.6M | ||
| Q1 25 | $9.7M | $17.7M | ||
| Q2 24 | — | $25.6M | ||
| Q4 23 | $13.6M | — | ||
| Q3 23 | $13.7M | — | ||
| Q2 23 | $13.7M | — |
| Q4 25 | $18.2M | $60.5M | ||
| Q3 25 | $18.8M | $-56.9M | ||
| Q2 25 | $19.9M | $-68.1M | ||
| Q1 25 | $21.1M | $-83.1M | ||
| Q2 24 | — | $19.1M | ||
| Q4 23 | $20.1M | — | ||
| Q3 23 | $20.4M | — | ||
| Q2 23 | $20.5M | — |
| Q4 25 | $26.0M | $151.3M | ||
| Q3 25 | $27.2M | $70.9M | ||
| Q2 25 | $29.8M | $73.8M | ||
| Q1 25 | $31.1M | $61.4M | ||
| Q2 24 | — | $76.6M | ||
| Q4 23 | $23.9M | — | ||
| Q3 23 | $24.1M | — | ||
| Q2 23 | $24.4M | — |
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 | $-9.5M |
| Free Cash FlowOCF − Capex | — | $-12.8M |
| FCF MarginFCF / Revenue | — | -204.9% |
| Capex IntensityCapex / Revenue | — | 53.6% |
| Cash ConversionOCF / Net Profit | — | -0.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-9.5M | ||
| Q3 25 | $133.0K | $-8.4M | ||
| Q2 25 | $-888.7K | $-4.3M | ||
| Q1 25 | $1.7M | $-4.7M | ||
| Q2 24 | — | — | ||
| Q4 23 | $-99.0K | — | ||
| Q3 23 | $16.1K | — | ||
| Q2 23 | $-193.8K | — |
| Q4 25 | — | $-12.8M | ||
| Q3 25 | — | $-9.7M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | — | $-6.6M | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | -204.9% | ||
| Q3 25 | — | -267.2% | ||
| Q2 25 | — | -115.3% | ||
| Q1 25 | — | -195.9% | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | 53.6% | ||
| Q3 25 | 0.0% | 36.8% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 56.5% | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | -0.31× | ||
| Q3 25 | — | -2.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | -1.43× | — |
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% |
SATL
| Transferred At Point In Time | $5.7M | 91% |
| Other | $547.0K | 9% |
