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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Virgin Galactic Holdings, Inc (SPCE). 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 $4.2M, roughly 1.5× Virgin Galactic Holdings, Inc). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 125.5%).
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.
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
IPM vs SPCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.2M |
| Net Profit | — | $-93.8M |
| Gross Margin | 53.1% | -546.6% |
| Operating Margin | -13.4% | -2412.1% |
| Net Margin | — | -2222.2% |
| Revenue YoY | 2091.6% | 125.5% |
| Net Profit YoY | — | 30.2% |
| EPS (diluted) | $-0.05 | $-4.36 |
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 | — | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $5.5M | — | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $2.0M | ||
| Q4 23 | $-7.3M | $2.8M | ||
| Q3 23 | $2.8M | $1.7M |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | — | ||
| Q2 25 | $-1.1M | — | ||
| Q1 25 | $808.5K | — | ||
| Q2 24 | — | $-93.8M | ||
| Q1 24 | — | $-102.0M | ||
| Q4 23 | — | $-104.0M | ||
| Q3 23 | $-181.6K | $-104.6M |
| Q4 25 | 53.1% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 55.3% | — | ||
| Q2 24 | — | -546.6% | ||
| Q1 24 | — | -1038.1% | ||
| Q4 23 | — | -766.4% | ||
| Q3 23 | 70.1% | -1384.3% |
| Q4 25 | -13.4% | — | ||
| Q3 25 | -23.0% | — | ||
| Q2 25 | -19.7% | — | ||
| Q1 25 | -24.2% | — | ||
| Q2 24 | — | -2412.1% | ||
| Q1 24 | — | -5599.9% | ||
| Q4 23 | — | -4067.8% | ||
| Q3 23 | -14.1% | -6613.0% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | — | ||
| Q2 25 | -18.3% | — | ||
| Q1 25 | 14.7% | — | ||
| Q2 24 | — | -2222.2% | ||
| Q1 24 | — | -5139.1% | ||
| Q4 23 | — | -3701.8% | ||
| Q3 23 | -6.6% | -6053.5% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $0.06 | — | ||
| Q2 24 | — | $-4.36 | ||
| Q1 24 | — | $-5.10 | ||
| Q4 23 | $-0.03 | $-14.49 | ||
| Q3 23 | $-0.02 | $-5.57 |
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 | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $394.8M |
| Total Assets | $26.0M | $1.1B |
| 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 | — | ||
| Q2 24 | — | $775.7M | ||
| Q1 24 | — | $765.2M | ||
| Q4 23 | $13.6M | $874.0M | ||
| Q3 23 | $13.7M | $997.1M |
| Q4 25 | $18.2M | — | ||
| Q3 25 | $18.8M | — | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $21.1M | — | ||
| Q2 24 | — | $394.8M | ||
| Q1 24 | — | $417.6M | ||
| Q4 23 | $20.1M | $505.5M | ||
| Q3 23 | $20.4M | $599.4M |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $27.2M | — | ||
| Q2 25 | $29.8M | — | ||
| Q1 25 | $31.1M | — | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B | ||
| Q4 23 | $23.9M | $1.2B | ||
| Q3 23 | $24.1M | $1.3B |
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 | $-79.1M |
| Free Cash FlowOCF − Capex | — | $-113.5M |
| FCF MarginFCF / Revenue | — | -2690.7% |
| Capex IntensityCapex / Revenue | — | 815.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-458.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | — | ||
| Q3 25 | $133.0K | — | ||
| Q2 25 | $-888.7K | — | ||
| Q1 25 | $1.7M | — | ||
| Q2 24 | — | $-79.1M | ||
| Q1 24 | — | $-113.2M | ||
| Q4 23 | $-99.0K | $-95.3M | ||
| Q3 23 | $16.1K | $-91.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | $-113.5M | ||
| Q1 24 | — | $-126.3M | ||
| Q4 23 | — | $-113.7M | ||
| Q3 23 | — | $-104.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | -2690.7% | ||
| Q1 24 | — | -6362.8% | ||
| Q4 23 | — | -4046.9% | ||
| Q3 23 | — | -6066.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 815.5% | ||
| Q1 24 | — | 658.5% | ||
| Q4 23 | — | 653.9% | ||
| Q3 23 | — | 771.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.16× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
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% |
SPCE
Segment breakdown not available.
