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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Solid Power, Inc. (SLDP). 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 $3.6M, roughly 1.7× Solid Power, Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -18.6%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -21.9%).
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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
IPM vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $6.1M | $3.6M |
| Net Profit | — | — |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | -730.1% |
| Net Margin | — | — |
| Revenue YoY | 2091.6% | -18.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $-0.15 |
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 | $3.6M | ||
| Q3 25 | $6.2M | $3.7M | ||
| Q2 25 | $5.7M | $6.5M | ||
| Q1 25 | $5.5M | $6.0M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | — | $5.1M | ||
| Q1 24 | — | $6.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $-25.9M | ||
| Q2 25 | $-1.1M | $-25.3M | ||
| Q1 25 | $808.5K | $-15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-22.4M | ||
| Q2 24 | — | $-22.3M | ||
| Q1 24 | — | $-21.2M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 55.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -13.4% | -730.1% | ||
| Q3 25 | -23.0% | -654.4% | ||
| Q2 25 | -19.7% | -398.9% | ||
| Q1 25 | -24.2% | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | — | -530.8% | ||
| Q1 24 | — | -433.1% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | -693.1% | ||
| Q2 25 | -18.3% | -390.7% | ||
| Q1 25 | 14.7% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -482.0% | ||
| Q2 24 | — | -438.9% | ||
| Q1 24 | — | -356.2% |
| Q4 25 | $-0.05 | $-0.15 | ||
| Q3 25 | $-0.08 | $-0.14 | ||
| Q2 25 | $-0.08 | $-0.14 | ||
| Q1 25 | $0.06 | $-0.08 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.12 |
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 | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $415.7M |
| Total Assets | $26.0M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $250.8M | ||
| Q3 25 | $7.3M | $251.2M | ||
| Q2 25 | $7.3M | $230.9M | ||
| Q1 25 | $9.7M | $240.9M | ||
| Q4 24 | — | $118.2M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | — | $146.6M |
| Q4 25 | $18.2M | $415.7M | ||
| Q3 25 | $18.8M | $381.2M | ||
| Q2 25 | $19.9M | $370.6M | ||
| Q1 25 | $21.1M | $397.1M | ||
| Q4 24 | — | $410.3M | ||
| Q3 24 | — | $439.4M | ||
| Q2 24 | — | $456.8M | ||
| Q1 24 | — | $479.4M |
| Q4 25 | $26.0M | $455.1M | ||
| Q3 25 | $27.2M | $416.1M | ||
| Q2 25 | $29.8M | $398.0M | ||
| Q1 25 | $31.1M | $419.4M | ||
| Q4 24 | — | $448.3M | ||
| Q3 24 | — | $470.9M | ||
| Q2 24 | — | $492.6M | ||
| Q1 24 | — | $516.2M |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-18.4M | ||
| Q3 25 | $133.0K | $-14.3M | ||
| Q2 25 | $-888.7K | $-14.4M | ||
| Q1 25 | $1.7M | $-26.3M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-9.9M | ||
| Q2 24 | — | $-11.1M | ||
| Q1 24 | — | $-29.1M |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | — | 126.5% | ||
| Q3 25 | 0.0% | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
| 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% |
SLDP
Segment breakdown not available.