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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and TECOGEN INC. (TGEN). 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 $5.3M, roughly 1.2× TECOGEN INC.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -12.5%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -7.3%).
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 TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $5.3M |
| Net Profit | — | $-4.0M |
| Gross Margin | 53.1% | 36.8% |
| Operating Margin | -13.4% | -77.8% |
| Net Margin | — | -75.1% |
| Revenue YoY | 2091.6% | -12.5% |
| Net Profit YoY | — | -236.7% |
| EPS (diluted) | $-0.05 | $-0.14 |
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 | $5.3M | ||
| Q3 25 | $6.2M | $7.2M | ||
| Q2 25 | $5.7M | $7.3M | ||
| Q1 25 | $5.5M | $7.3M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | — | $5.6M | ||
| Q2 24 | — | $4.7M | ||
| Q1 24 | — | $6.2M |
| Q4 25 | — | $-4.0M | ||
| Q3 25 | $-1.1M | $-2.1M | ||
| Q2 25 | $-1.1M | $-1.5M | ||
| Q1 25 | $808.5K | $-659.9K | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | — | $-930.4K | ||
| Q2 24 | — | $-1.5M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | 53.1% | 36.8% | ||
| Q3 25 | 50.7% | 30.4% | ||
| Q2 25 | 50.1% | 33.8% | ||
| Q1 25 | 55.3% | 44.3% | ||
| Q4 24 | — | 45.0% | ||
| Q3 24 | — | 44.1% | ||
| Q2 24 | — | 44.0% | ||
| Q1 24 | — | 41.6% |
| Q4 25 | -13.4% | -77.8% | ||
| Q3 25 | -23.0% | -29.2% | ||
| Q2 25 | -19.7% | -19.4% | ||
| Q1 25 | -24.2% | -8.2% | ||
| Q4 24 | — | -18.7% | ||
| Q3 24 | — | -15.5% | ||
| Q2 24 | — | -31.2% | ||
| Q1 24 | — | -17.0% |
| Q4 25 | — | -75.1% | ||
| Q3 25 | -17.4% | -29.7% | ||
| Q2 25 | -18.3% | -20.1% | ||
| Q1 25 | 14.7% | -9.1% | ||
| Q4 24 | — | -19.5% | ||
| Q3 24 | — | -16.5% | ||
| Q2 24 | — | -32.5% | ||
| Q1 24 | — | -17.9% |
| Q4 25 | $-0.05 | $-0.14 | ||
| Q3 25 | $-0.08 | $-0.07 | ||
| Q2 25 | $-0.08 | $-0.06 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.04 |
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 | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.2M | $21.6M |
| Total Assets | $26.0M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $12.4M | ||
| Q3 25 | $7.3M | $15.3M | ||
| Q2 25 | $7.3M | $1.6M | ||
| Q1 25 | $9.7M | $4.1M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $841.9K | ||
| Q1 24 | — | $1.5M |
| Q4 25 | $18.2M | $21.6M | ||
| Q3 25 | $18.8M | $25.5M | ||
| Q2 25 | $19.9M | $9.1M | ||
| Q1 25 | $21.1M | $9.6M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $12.2M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | $26.0M | $37.0M | ||
| Q3 25 | $27.2M | $41.5M | ||
| Q2 25 | $29.8M | $28.4M | ||
| Q1 25 | $31.1M | $29.7M | ||
| Q4 24 | — | $31.1M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $28.5M |
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 | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6K | $-2.6M | ||
| Q3 25 | $133.0K | $-3.6M | ||
| Q2 25 | $-888.7K | $-2.6M | ||
| Q1 25 | $1.7M | $-1.2M | ||
| Q4 24 | — | $4.2M | ||
| Q3 24 | — | $-207.3K | ||
| Q2 24 | — | $-157.9K | ||
| Q1 24 | — | $248.2K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | — | $143.3K |
| Q4 25 | — | -49.3% | ||
| Q3 25 | — | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 1.7% |
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
