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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and Seritage Growth Properties (SRG). 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× Seritage Growth Properties). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -4.9%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -15.0%).
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.
Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.
IPM vs SRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $6.1M | $4.2M |
| Net Profit | — | — |
| Gross Margin | 53.1% | — |
| Operating Margin | -13.4% | — |
| Net Margin | — | — |
| Revenue YoY | 2091.6% | -4.9% |
| Net Profit YoY | — | 55.2% |
| EPS (diluted) | $-0.05 | — |
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 | $4.2M | ||
| Q3 25 | $6.2M | $4.8M | ||
| Q2 25 | $5.7M | $4.7M | ||
| Q1 25 | $5.5M | $4.6M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $5.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-1.1M | $-12.4M | ||
| Q2 25 | $-1.1M | $-28.5M | ||
| Q1 25 | $808.5K | $-22.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-22.0M | ||
| Q2 24 | — | $-101.2M | ||
| Q1 24 | — | $-19.0M |
| 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% | — | ||
| Q3 25 | -23.0% | -258.0% | ||
| Q2 25 | -19.7% | -610.2% | ||
| Q1 25 | -24.2% | -486.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -673.2% | ||
| Q2 24 | — | -2366.1% | ||
| Q1 24 | — | -328.7% |
| Q4 25 | — | — | ||
| Q3 25 | -17.4% | -259.6% | ||
| Q2 25 | -18.3% | -612.6% | ||
| Q1 25 | 14.7% | -482.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -675.9% | ||
| Q2 24 | — | -2401.0% | ||
| Q1 24 | — | -328.9% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.08 | $-0.24 | ||
| Q2 25 | $-0.08 | $-0.53 | ||
| Q1 25 | $0.06 | $-0.42 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.41 | ||
| Q2 24 | — | $-1.82 | ||
| Q1 24 | — | $-0.36 |
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 | $48.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $331.4M |
| Total Assets | $26.0M | $393.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $48.1M | ||
| Q3 25 | $7.3M | $51.5M | ||
| Q2 25 | $7.3M | $71.8M | ||
| Q1 25 | $9.7M | $94.3M | ||
| Q4 24 | — | $85.2M | ||
| Q3 24 | — | $85.6M | ||
| Q2 24 | — | $86.7M | ||
| Q1 24 | — | $114.9M |
| Q4 25 | $18.2M | $331.4M | ||
| Q3 25 | $18.8M | $337.7M | ||
| Q2 25 | $19.9M | $351.4M | ||
| Q1 25 | $21.1M | $381.1M | ||
| Q4 24 | — | $404.5M | ||
| Q3 24 | — | $417.5M | ||
| Q2 24 | — | $440.4M | ||
| Q1 24 | — | $542.4M |
| Q4 25 | $26.0M | $393.8M | ||
| Q3 25 | $27.2M | $558.6M | ||
| Q2 25 | $29.8M | $575.7M | ||
| Q1 25 | $31.1M | $649.7M | ||
| Q4 24 | — | $677.8M | ||
| Q3 24 | — | $735.0M | ||
| Q2 24 | — | $758.3M | ||
| Q1 24 | — | $914.6M |
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 | $-34.9M |
| 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 | $-34.9M | ||
| Q3 25 | $133.0K | $-12.5M | ||
| Q2 25 | $-888.7K | $-12.0M | ||
| Q1 25 | $1.7M | $-9.2M | ||
| Q4 24 | — | $-53.5M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | — | $-7.5M | ||
| Q1 24 | — | $-16.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
SRG
Segment breakdown not available.