vs
Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Scilex Holding Co (SCLX). 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 $4.8M, roughly 1.3× Scilex Holding Co). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -67.8%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -33.6%).
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.
Scilex Holding Co is a commercial-stage biopharmaceutical firm focused on developing and commercializing innovative non-opioid pain management therapies for acute and chronic pain segments. It primarily serves the US market, offering prescription and over-the-counter pain relief solutions for patients and healthcare providers.
IPM vs SCLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.8M |
| Net Profit | — | $-46.1M |
| Gross Margin | 53.1% | 45.5% |
| Operating Margin | -13.4% | -2317.8% |
| Net Margin | — | -961.9% |
| Revenue YoY | 2091.6% | -67.8% |
| Net Profit YoY | — | -613.7% |
| EPS (diluted) | $-0.05 | $-4.63 |
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 | $4.8M | ||
| Q3 25 | $6.2M | $10.6M | ||
| Q2 25 | $5.7M | $9.9M | ||
| Q1 25 | $5.5M | $5.0M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | — | $10.9M |
| Q4 25 | — | $-46.1M | ||
| Q3 25 | $-1.1M | $-257.8M | ||
| Q2 25 | $-1.1M | $-44.0M | ||
| Q1 25 | $808.5K | $-26.1M | ||
| Q4 24 | — | $-6.5M | ||
| Q3 24 | — | $-4.4M | ||
| Q2 24 | — | $-37.6M | ||
| Q1 24 | — | $-24.4M |
| Q4 25 | 53.1% | 45.5% | ||
| Q3 25 | 50.7% | 68.5% | ||
| Q2 25 | 50.1% | 66.9% | ||
| Q1 25 | 55.3% | 72.3% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 73.2% | ||
| Q1 24 | — | 64.7% |
| Q4 25 | -13.4% | -2317.8% | ||
| Q3 25 | -23.0% | -1766.2% | ||
| Q2 25 | -19.7% | -207.2% | ||
| Q1 25 | -24.2% | -557.5% | ||
| Q4 24 | — | -190.5% | ||
| Q3 24 | — | -138.0% | ||
| Q2 24 | — | -95.4% | ||
| Q1 24 | — | -179.0% |
| Q4 25 | — | -961.9% | ||
| Q3 25 | -17.4% | -2441.5% | ||
| Q2 25 | -18.3% | -445.1% | ||
| Q1 25 | 14.7% | -521.2% | ||
| Q4 24 | — | -43.4% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -229.6% | ||
| Q1 24 | — | -224.0% |
| Q4 25 | $-0.05 | $-4.63 | ||
| Q3 25 | $-0.08 | $-22.17 | ||
| Q2 25 | $-0.08 | $-7.42 | ||
| Q1 25 | $0.06 | $-2.26 | ||
| Q4 24 | — | $8.53 | ||
| Q3 24 | — | $-0.58 | ||
| Q2 24 | — | $-7.67 | ||
| Q1 24 | — | $-8.33 |
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 | $5.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $-207.8M |
| Total Assets | $26.0M | $365.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $5.0M | ||
| Q3 25 | $7.3M | $878.0K | ||
| Q2 25 | $7.3M | $4.1M | ||
| Q1 25 | $9.7M | $5.8M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $77.0K | ||
| Q2 24 | — | $6.9M | ||
| Q1 24 | — | $1.8M |
| Q4 25 | $18.2M | $-207.8M | ||
| Q3 25 | $18.8M | $-176.9M | ||
| Q2 25 | $19.9M | $-249.0M | ||
| Q1 25 | $21.1M | $-211.5M | ||
| Q4 24 | — | $-192.6M | ||
| Q3 24 | — | $-211.3M | ||
| Q2 24 | — | $-214.7M | ||
| Q1 24 | — | $-189.8M |
| Q4 25 | $26.0M | $365.0M | ||
| Q3 25 | $27.2M | $275.9M | ||
| Q2 25 | $29.8M | $83.8M | ||
| Q1 25 | $31.1M | $79.0M | ||
| Q4 24 | — | $93.0M | ||
| Q3 24 | — | $100.4M | ||
| Q2 24 | — | $104.5M | ||
| Q1 24 | — | $91.2M |
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 | $-17.5M |
| 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.
| Q4 25 | $87.6K | $-17.5M | ||
| Q3 25 | $133.0K | $8.2M | ||
| Q2 25 | $-888.7K | $7.0M | ||
| Q1 25 | $1.7M | $6.0M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $9.4M |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
SCLX
Segment breakdown not available.
