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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

Bigger by revenue
IPM
IPM
1.7× larger
IPM
$6.1M
$3.6M
SLDP
Growing faster (revenue YoY)
IPM
IPM
+2110.2% gap
IPM
2091.6%
-18.6%
SLDP
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-21.9%
SLDP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPM
IPM
SLDP
SLDP
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.

Revenue
IPM
IPM
SLDP
SLDP
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
Net Profit
IPM
IPM
SLDP
SLDP
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
Gross Margin
IPM
IPM
SLDP
SLDP
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPM
IPM
SLDP
SLDP
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%
Net Margin
IPM
IPM
SLDP
SLDP
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%
EPS (diluted)
IPM
IPM
SLDP
SLDP
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
IPM
IPM
SLDP
SLDP
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.

Cash + ST Investments
IPM
IPM
SLDP
SLDP
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
Stockholders' Equity
IPM
IPM
SLDP
SLDP
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
Total Assets
IPM
IPM
SLDP
SLDP
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
IPM
IPM
SLDP
SLDP
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.

Operating Cash Flow
IPM
IPM
SLDP
SLDP
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
Free Cash Flow
IPM
IPM
SLDP
SLDP
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
FCF Margin
IPM
IPM
SLDP
SLDP
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%
Capex Intensity
IPM
IPM
SLDP
SLDP
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%
Cash Conversion
IPM
IPM
SLDP
SLDP
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
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

SLDP
SLDP

Segment breakdown not available.

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