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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and SharpLink Gaming, Inc. (SBET). Click either name above to swap in a different company.
SharpLink Gaming, Inc. is the larger business by last-quarter revenue ($10.8M vs $6.1M, roughly 1.8× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 1129.9%).
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.
Bonne Terre Limited is a British-based gambling company, owned by Flutter Entertainment, with headquarters in Leeds, West Yorkshire and offices in Solihull. Sky Betting & Gaming consists of five core brands: Sky Bet, Sky Vegas, Sky Casino, Sky Poker and Sky Bingo.
IPM vs SBET — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $10.8M |
| Net Profit | — | $104.3M |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | — |
| Net Margin | — | 961.6% |
| Revenue YoY | 2091.6% | 1129.9% |
| Net Profit YoY | — | 11880.2% |
| EPS (diluted) | $-0.05 | $0.62 |
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 | — | ||
| Q3 25 | $6.2M | $10.8M | ||
| Q2 25 | $5.7M | $697.3K | ||
| Q1 25 | $5.5M | $741.7K | ||
| Q4 24 | — | $823.1K | ||
| Q3 24 | — | $881.7K | ||
| Q2 24 | — | $981.3K | ||
| Q1 24 | — | $975.9K |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $104.3M | ||
| Q2 25 | $-1.1M | $-103.4M | ||
| Q1 25 | $808.5K | $-974.9K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-885.1K | ||
| Q2 24 | — | $-463.0K | ||
| Q1 24 | — | $12.4M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 50.1% | 30.0% | ||
| Q1 25 | 55.3% | 17.8% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 29.4% |
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | — | ||
| Q2 25 | -19.7% | -14826.0% | ||
| Q1 25 | -24.2% | -124.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -90.4% | ||
| Q2 24 | — | -122.8% | ||
| Q1 24 | — | -172.6% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | 961.6% | ||
| Q2 25 | -18.3% | -14832.1% | ||
| Q1 25 | 14.7% | -131.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -100.4% | ||
| Q2 24 | — | -47.2% | ||
| Q1 24 | — | 1265.5% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | $0.62 | ||
| Q2 25 | $-0.08 | $-4.27 | ||
| Q1 25 | $0.06 | $-1.84 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-3.02 | ||
| Q2 24 | — | $-1.35 | ||
| Q1 24 | — | $40.31 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $3.1B |
| Total Assets | $26.0M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | — | ||
| Q3 25 | $7.3M | — | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $9.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $18.2M | — | ||
| Q3 25 | $18.8M | $3.1B | ||
| Q2 25 | $19.9M | $452.5M | ||
| Q1 25 | $21.1M | $2.1M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $2.0M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $2.9M |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $27.2M | $3.1B | ||
| Q2 25 | $29.8M | $453.9M | ||
| Q1 25 | $31.1M | $2.8M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | — | $2.9M | ||
| Q2 24 | — | $3.8M | ||
| Q1 24 | — | $5.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $87.6K | $-6.3M |
| Free Cash FlowOCF − Capex | — | $-6.3M |
| FCF MarginFCF / Revenue | — | -57.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | — | ||
| Q3 25 | $133.0K | $-6.3M | ||
| Q2 25 | $-888.7K | $-1.6M | ||
| Q1 25 | $1.7M | $-514.1K | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | — | $-591.2K | ||
| Q2 24 | — | $-1.7M | ||
| Q1 24 | — | $-19.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-19.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | -57.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2772.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1977.2% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.06× | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.56× |
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% |
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
