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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and SOLAI Ltd (SLAI). Click either name above to swap in a different company.

SOLAI Ltd is the larger business by last-quarter revenue ($11.0M 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 -43.1%).

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.

IPM vs SLAI — Head-to-Head

Bigger by revenue
SLAI
SLAI
1.8× larger
SLAI
$11.0M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2134.7% gap
IPM
2091.6%
-43.1%
SLAI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IPM
IPM
SLAI
SLAI
Revenue
$6.1M
$11.0M
Net Profit
$-13.9M
Gross Margin
53.1%
0.1%
Operating Margin
-13.4%
-126.2%
Net Margin
-126.2%
Revenue YoY
2091.6%
-43.1%
Net Profit YoY
-173.4%
EPS (diluted)
$-0.05
$-0.01

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
SLAI
SLAI
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$5.7M
$11.0M
Q1 25
$5.5M
Q2 24
$19.4M
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$3.0M
Net Profit
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.1M
$-13.9M
Q1 25
$808.5K
Q2 24
$18.9M
Q4 23
Q3 23
$-181.6K
Q2 23
$135.6K
Gross Margin
IPM
IPM
SLAI
SLAI
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
0.1%
Q1 25
55.3%
Q2 24
52.4%
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Operating Margin
IPM
IPM
SLAI
SLAI
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
-19.7%
-126.2%
Q1 25
-24.2%
Q2 24
-2.6%
Q4 23
Q3 23
-14.1%
Q2 23
-9.4%
Net Margin
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
-17.4%
Q2 25
-18.3%
-126.2%
Q1 25
14.7%
Q2 24
97.9%
Q4 23
Q3 23
-6.6%
Q2 23
4.6%
EPS (diluted)
IPM
IPM
SLAI
SLAI
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.08
$-0.01
Q1 25
$0.06
Q2 24
$0.02
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
IPM
IPM
SLAI
SLAI
Cash + ST InvestmentsLiquidity on hand
$5.6M
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$18.2M
$43.8M
Total Assets
$26.0M
$69.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
SLAI
SLAI
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$7.3M
$1.2M
Q1 25
$9.7M
Q2 24
$2.3M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$13.7M
Stockholders' Equity
IPM
IPM
SLAI
SLAI
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$19.9M
$43.8M
Q1 25
$21.1M
Q2 24
$45.9M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$20.5M
Total Assets
IPM
IPM
SLAI
SLAI
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$29.8M
$69.1M
Q1 25
$31.1M
Q2 24
$63.3M
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
IPM
IPM
SLAI
SLAI
Operating Cash FlowLast quarter
$87.6K
$-17.0M
Free Cash FlowOCF − Capex
$-17.0M
FCF MarginFCF / Revenue
-154.2%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPM
IPM
SLAI
SLAI
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
$-17.0M
Q1 25
$1.7M
Q2 24
$-12.1M
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Free Cash Flow
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
Q2 25
$-17.0M
Q1 25
Q2 24
Q4 23
Q3 23
Q2 23
FCF Margin
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
Q2 25
-154.2%
Q1 25
Q2 24
Q4 23
Q3 23
Q2 23
Capex Intensity
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q2 24
Q4 23
Q3 23
Q2 23
Cash Conversion
IPM
IPM
SLAI
SLAI
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q2 24
-0.64×
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
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

SLAI
SLAI

Data center$6.5M59%
Cryptocurrency mining$4.6M41%

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